Honeywell Flour Mills, FMN set to boost Nigeria’s food production with ₦80b merger
How the transaction will improve food security in NigeriaHoneywell Group continues its journey of refining and growing investment portfolio Yesterday (Tuesday), Honeywell Group Limited (HGL) and Flour Mills of Nigeria Plc (FMN) announced the signing of an agreement that will see them combine FMN and Honeywell Flour Mills Plc. The agreement was stated to be […]
Disregard sentiment in establishment of more campuses of Nigerian Law School ― Wike
Gov. Nyesom Wike of Rivers State, on Tuesday urged the Federal Government to disregard sentiments in establishing more campuses of the Nigerian Law School
World Bank, experts, others react as FG ends petrol subsidy next year
By Emma Ujah, Udeme Akpan & Ediri Ejoh The World Bank, experts and operators, on Tuesday, reacted as the Federal Government moves to pay N5,000 grant to 40 million Nigerians as part of measures targeted at cushioning the negative impact of petrol subsidy to be introduced in 2022. The Minister of Finance, Budget and National […]
CBN seeks eNaira-based products from PSBs, Fintechs
By Babajide Komolafe In the bid to further deepen adoption of the nation’s Central Bank Digital Currency (CBDC), the Central Bank of Nigeria (CBN) has asked Payment Service Banks, PSBs and Fintechs to develop and introduce products based on the e-Naira. Director, Information Technology Department (ITD), CBN, Mrs Rakiya Mohammed, made this position known in […]
Nigeria’s trade deficit falls 61% to $340m
By Elizabeth Adegbesan The nation’s trade deficit fell year-on-year (YoY) by 61 per cent to $340 million in July 2021 from $880 million in July 2020. However, receipts from crude oil and gas exports rose by 127 per cent to $3.99 billion in October 2021 from $1.76 billion in 2020. The Central Bank of Nigeria, […]
Yoruba customs, traditions going extinct — Alaafin Oyo
THE Alafin of Oyo, Oba Lamidi Adeyemi III, yesterday, decried what he called the “gradual extinction” of Yoruba customs and traditions.
NASS member bemoans poor handling of road project in Calabar Community
The House of Representatives member for Calabar Municipality/ Odukpani Federal Constituency, Rt Hon Ntufam Eta Mbora, has raised the alarm over the poor handling of road contracts in his constituency.
Ecobank cautions FMN against Honeywell Flour acquisition
By Babajide Komolafe Ecobank Nigeria has warned Flour Mills Nigeria, FMN, Plc not to proceed with its planned acquisition of 71.69 per cent of Honeywell Group Limited shareholding in the Honeywell Flour Mills Limited, HFML, saying the company is indebted to its and facing winding-up proceedings. The warning was contained in a letter through Ecobank’s counsel, Kunle […]
First Bank too big to be owned by one person — CBN
By Emma Ujah and Emmanuel Elebeke The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the parent company of First Bank Plc. The company’s majority stake recently became a subject of controversy among […]
Entry opens for 8th Cussons Baby Moments competition
Cussons Baby, one of the foremost brands in the baby toiletries category in Africa, has announced the kick-off of yet another season of its quintessential baby competition in Nigeria – Cussons Baby Moments.
Wellbeing foundation, Nutrition International combat childhood diarrhoea in Kano, Sokoto
The Wellbeing Foundation Africa and Nutrition International have launched the field implementation component of the Wellbeing Africa Foundation-Nutrition International Scaling Up Zinc and LO-ORS project to combat diarrhoea in Kano and Sokoto states in Nigeria.
Chidinma Ugwuja recognized for groundbreaking water treatment research
By Ayo Onikoyi Dr. Chidinma G. Ugwuja, a prominent researcher at the African Centre of Excellence for Water and Environment Research (ACEWATER), has made remarkable strides in addressing one of the most pressing challenges of our time: access to clean and safe drinking water. Her pioneering study, “Visible-Light-Mediated Photodynamic Water Disinfection @ Bimetallic-Doped Hybrid Clay […]
Igboho undergoing process of extradition to Nigeria —DSS
THE Department of State Services, DSS, has told an Oyo State High Court sitting in Ibadan, that the Yoruba Nation agitator, Chief Sunday Adeyemo, fondly called Sunday Igboho, is currently undergoing the process of extradition to Nigeria.
FG inaugurates enhanced e-passport in UK
The Federal Government has inaugurated enhanced e-passport to improve passport application process for Nigerians at home and abroad. Mr Sola Fasure, the Media Adviser to the Minister of Interior, Rauf Aregbesola, made known in a statement he issued on Tuesday in Abuja. According to him, the minister made the disclosure at the official rollout of the […]
Kano, Lagos States demand 1% in Revenue Allocation Formula — Ganduje
Governor Abdullahi Ganduje of Kano State, says Kano and Lagos States are demanding for 1 per cent in the new nation’s Revenue Allocation Formula. The demand is contained in a statement signed by the Chief Press Secretary (CPS) to the governor, Mr Abba Anwar, issued on Tuesday in Kano. Anwar said that Ganduje made the […]
Pistis Life & Leadership Institute, PLLI launches to address Africa’s leadership problem
Pistis Life and Leadership Institute (PLLI), a human capital development organization for leaders, with a distinct framework for facilitating learning in Africa, has been launched via a recent press conference in Lagos. With the vision of building a community of exceptional leaders who will be equipped with the right values to transform societies and impact […]
