Dangote Exits His Flour Mills Board

The world richest black person, Aliko Dangote ,and other three directors, Olakunle Alake, Asue Ighodalo and Arnold Ekpe have resigned from Dangote Flour Mills PLC.

South Africa's 
cereal and biscuit company, Tiger Brands, now to be known as 'Tiger branded Consumer Goods', and the majority share holder of Dangote Flour Mills cut funding to its Nigeria division as they struggle to turn profit after acquiring 65% stake for nearly $200 million.

In 2014, Tiger Brands closed two of its five mills, including one in Kano when the company became a target of Boko Haram insurgency.

Tiger Brands other interest in Nigeria like Deli and UAC foods will not be affected. The company currently compete with Nestle Nigeria. 

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