Honeywell Group Limited (HGL) and Flour Mills of Nigeria Plc (FMN) have signed an agreement to combine FMN and Honeywell Flour Mills Plc (HFMP), a portfolio company within Honeywell Group. Through this agreement, Honeywell Group will transfer a 71.69 percent stake in Honeywell...
Flour Mills of Nigeria Plc (FMN) says that the agreement to assume majority shareholder status of Honeywell Flour Mills Plc (HFMP) is not in breach of any subsisting court order. In a statement by its company Secretary and Director, Legal...
A Benue State high court sitting in Makurdi on Wednesday restrained the Benue State government from going on with its plan to privatise the state-owned transport company known as “Benue Links.” The court gave the ruling in an application for...
Ecobank Nigeria Limited yesterday placed a caveat on any share of Honeywell Group Limited following media reports on a move by Flour Mills Nigeria PLC to acquire 71.69 per cent of Honeywell Group Limited. It warned...
The Central Bank of Nigeria (CBN) on Tuesday weighed in on who is the highest shareholder in First Bank of Nigeria Plc. According to the apex bank, the over 100 years old bank is too big and strategic for one...
Flour Mills of Nigeria Plc (FMN), the food conglomerate and owners of the iconic Golden Penny Food brand, has acquired a 71.69 percent stake in Honeywell Group, In a joint statement issued on the Nigerian Exchange (NGX), the two companies...
President Muhammadu Buhari-led’s government has revealed plans to review the power tariff in December as power consumers may start to pay more for the consumption of electricity in the country. The Federal Government who disclosed this in a statement on...
The Iyaloja of Lagos, Folasade Tinubu-Ojo has placed the Otto Modern Market, Oyingbo, Lagos State, on lock and key for the past two weeks. Folashade, who is the daughter of National Leader of the All Progressives Congress, APC, Bola Tinubu,...
Tesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll — in which millions voted — asking whether he should sell 10 percent of his huge stake in the electric carmaker.
The price of Bitcoin, the world’s most popular cryptocurrency, appreciated by 2.49 per cent in the last 24 hours, touching $67,939, highest in a year. According to global crypto price tracker, CoinMarketCap, bitcoin appreciated by 10.13 percent in seven days.