DFM is a Nigerian-based company engaged in wheat milling, flour and pasta manufacturing and distribution.

Offer of $331 million was okayed during court-ordered meeting.

The two have been in negotiations since late April.

Deal subject to shareholder and regulatory approval.

Bakers and distributors pleased with All Purpose Flour’s affordability, performance.

The mill will have the capacity to process 16 tonnes of paddy rice per hour.

The goal of the project is to provide youth employment through empowerment to go into agriculture.

Two of the three segments saw an increase in revenue.

Company plans to grow and process rice in seven Nigerian states over next five years.

Dangote Rice launched a rice cultivation project in Nigeria and plans to grow it throughout the country.