Business
Nigerian Company Lets Go 2222 Workers As Income Rises From $1.774.6m To $2.148.1m
ranked under “Food and Beverage”
Northern Nigerian Flour Mills (NNFM) was one of the companies listed as the fastest rising in Africa in a survey conducted by Financial Times (FT.T).
Based on the details provided by the company that has Aminu Alhassan Dantata as Chairman and Adrain Naidoo as General Manager and Director – verified FT – income rose from $1.774.6million in 2017 to $2.148.1m in 2020.
But this did not correspond to an increase in the workforce.
The data made available by the company ranked under “Food and Beverage” in the Financial Times rating showed the number of workers dropped from 7,306 to 5,083 within the same period.
No reason was provided for the disengagement of over two thousand workers by the company founded in 1971 in the report published by Financial Times.
The listing of 75 fastest-growing companies in Africa was published by the Financial times based on research into the compound annual growth rate (CAGR) in revenue between 2017 and 2020.
