Author: Olu Anisere

Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

Flour Mills of Nigeria to Raise N200bn, Cancel 899.6mn Shares

Analysis

Flour Mills of Nigeria to Raise N200bn, Cancel 899.6mn Shares Food producer, Flour Mills of Nigeria (FMN) Plc, has obtained shareholders’ approval to raise up to N200 billion amidst a plan to reorganise the company’s businesses and cancel about 900 million unissued shares. The group’s shareholders’ decision to raise capital came after a successful acquisition of Honeywell Flour Mills. The acquisition, according to analysts, will boost the company’s capacity and enhance its market share. In its latest regulatory filing, the company told the investing public and the Nigerian Exchange that shareholders have agreed to separate all the manufacturing businesses of…

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