Ecobank loses appeal against Honeywell in alleged ₦3.5bn debt

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 Flour Mills grosses ₦5.5 billion in 2017

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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