The Supreme Court has ruled that the Federal High Court in Lagos was right to assume jurisdiction on a suit filed by Honeywell Flour Mills Plc and its two sister companies against Ecobank Nigeria Limited. The apex court affirmed that the lower court’s decision to dismiss the preliminary objection filed by Ecobank, challenging the jurisdiction […]
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Honeywell International Inc on Wednesday forecast higher 2018 earnings and said a sweeping tax overhaul could lead it to deploy more cash in the United States for investments, which might include acquisitions. The jet engine and industrial equipment maker’s shares rose 1.6 percent to $156.24 in early trading. Honeywell said it was still assessing any […]
Read More Honeywell Flour Mills Plc has recorded a profit before tax of ₦5.5bn for the 2017 financial year, which is an increased of 291 per cent compared to the 2016 PBT. It recorded a gross profit margin of 24 per cent, compared to nine per cent recorded for 2016. Its revenue increased by five per cent […]
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Nigerian equities market closed on a negative note on Monday as Forte Oil Plc, Honeywell Flour Mill Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc and Oando Plc led a N64bn loss at the close of trading on the floor of the Nigerian Stock Exchange. The NSE market capitalisation dropped from N9.009tn recorded on Friday […]
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Ecobank Nigeria Limited has urged the Federal High Court in Lagos to restrain Anchorage Leisures Limited from accessing its funds in 20 banks over an alleged N5.5 billion debt. The bank is claiming that Anchorage and its sister companies, Honeywell Group Nig. Limited and Honeywell Four Mills Plc, all owned by billionaire businessman, Dr Oba […]
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Honeywell Flour Mills Plc has appealed against partial freezing of its accounts by the Federal High Court in Lagos following an application by Ecobank Nigeria Limited. The court had, following an ex-parte application by the bank’s lawyer, Mr. Kunle Ogunba (SAN), restrained chairman of Honeywell Group, Dr. Oba Otukedo, the company’s directors and subsidiaries from […]
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