Who owns Golden Penny?
Golden Penny is owned by Flour Mills of Nigeria (Nigeria).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Flour Mills of Nigeria Plc Annual Report 31 March 2024. Last checked .
Key facts
- Current owner
- Golden Penny Foods Limited reported
- Owner HQ
- 🇳🇬 Nigeria, Apapa, Lagos
- Origin
- 🇳🇬 Nigeria
- Category
- Food › Meals & meal components › Baking mixes & ingredients
- Last verified
- · 1 sources
About Golden Penny
Golden Penny is the main consumer brand of Flour Mills of Nigeria, which describes it as one of the largest food brands in Nigeria. The name covers prime, confectionery and easy-bake wheat flour, spaghetti, spaghettini, macaroni and couscous, noodles, soya and vegetable oil, spreads, sugar and ball foods such as garri. Its products are sold to households as well as to bakeries and confectioners.
Ownership timeline of Golden Penny
- Current owner Flour Mills of Nigeria [1] reported
Where Golden Penny sits in Flour Mills of Nigeria
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Flour Mills of Nigeria ownership tree →
See the full Flour Mills of Nigeria brand portfolio (4) →
Other brands owned by Flour Mills of Nigeria
Flour Mills of Nigeria controls 4 brands on Brandtree, 3 of them in food.
Also in food
Other brands in baking mixes & ingredients, and who owns them
The 74 brands in baking mixes & ingredients on Brandtree belong to 47 owners. The largest is Bidco Africa, with 5; Flour Mills of Nigeria has 3.
| Brand | Owner | Owner based in |
|---|---|---|
| Cowboy | Bidco Africa | 🇰🇪 Kenya |
| EXE | Unga Group | 🇰🇪 Kenya |
| Al Horra | Lesieur Cristal | 🇲🇦 Morocco |
| Florencia | Molino Cañuelas | 🇦🇷 Argentina |
| Amuleia | Nisshin Seifun | 🇯🇵 Japan |
| Clabber Girl | B&G Foods | 🇺🇸 United States |
| BUA Sugar | BUA Foods | 🇳🇬 Nigeria |
| Duncan Hines | Conagra Brands | 🇺🇸 United States |
About the owner: Flour Mills of Nigeria
Flour Mills of Nigeria is a privately held company headquartered in Apapa, Lagos, Nigeria, founded in 1960. Brandtree records 4 brands under its control.
Flour Mills of Nigeria was incorporated on 29 September 1960 as the country's first wheat miller and now mills flour, makes pasta, noodles, edible oil and refined sugar, and runs agro-allied, packaging and port businesses. Group revenue was ₦2.29 trillion in the year to March 2024, when Excelsior Shipping Company, beneficially owned by a trust set up by the late George S. Coumantaros, held 63%. The company has since been taken private and renamed Golden Penny Foods Limited.
Flour Mills of Nigeria: full profile, brands and acquisition history →
🇳🇬 Golden Penny and other Nigerian brands
Brandtree records a controlling owner for 61 brands that began in Nigeria. 14 of them (23%) are now controlled by a company headquartered in another country; Golden Penny is not one of them.
Frequently asked questions
Who is the parent company of Golden Penny?
The parent company of Golden Penny is Flour Mills of Nigeria, a privately held company headquartered in Nigeria.
Is Golden Penny Nigerian?
Yes. Golden Penny originated in Nigeria and its owner, Flour Mills of Nigeria, is also headquartered in Nigeria.
Is Golden Penny still owned by Flour Mills of Nigeria?
Yes. As of 16 September 2026, Golden Penny is still owned by Flour Mills of Nigeria. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Flour Mills of Nigeria Plc Annual Report 31 March 2024 — Flour Mills of Nigeria Plc, Annual report; retrieved 16 September 2026.
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