Flour Mills cuts borrowing costs to 3-year low as positives lurk amid industry-wide troubles

Nigeria’s biggest flour miller by market value cut its borrowing costs by a third in the year ended March 31, 2018/2019, with the miller guiding towards an even steeper decline this year. The company’s finance costs fell 30 percent to N22.9 billion in 2019 from N32.7 billion in 2018 and N32.5