Tag Archives: INVESTMENT

Old Mutual’s Announcement Regarding The Proposed Sale of Its Nigerian General And Life Insurance Businesses

Old Mutual Nigeria today announced the sale of 100% of its stake in the General Insurance and Life businesses to the Emple Group. The Emple Group is an investment company managed by experienced Nigerian investors with a proven track record of delivering best-in-class transaction execution across Sub-Saharan Africa as well as growing its investment in […]

Honeywell Group’s CFO, Kemi Adeoye, Appointed as Ikeja Hotels Plc Non-Executive Director

On Friday, May 12, 2023, leading Nigerian investment holding company, Honeywell Group (HGL) announced the appointment of Kemi Adeoye, its Chief Financial Officer, to the Board of Ikeja Hotel Plc as a non-executive director. Notice of the appointment was given to the Nigerian Exchange Limited (NGX) and the appointment is due to be ratified by […]

Create the Right Enabling Environment At The Macro Level – Honeywell’s CIO

Mr Otu Hughes, the Chief Investment Officer at Honeywell Group Limited (HGL), has called on the Federal Government to give the private sector clarity on forex. Speaking to Nairametrics on the sideline of the 28th Nigerian Economic Summit currently held in Abuja, Hughes argued that Nigeria’s multiple exchange rate regime is problematic for investors. According to […]

Businesses Must Improve CSR To Stay Afloat

A Senior Adviser, Government Relations at Honeywell Group Limited (HGL), Mrs Oluwayemisi Busari, has urged businesses to improve on Corporate Social Responsibility (CSR) and look beyond making money to remain afloat in difficult times. In an interview with Daily Trust, she said: “We are all in business to make a profit. However, in making a […]

Honeywell Group Executives Share Insights On Priorities For Shared Prosperity In Nigeria

Executives of Honeywell Group Limited (HGL), Oluwayemisi Busari, Senior Adviser, Government Relations, and Otu Hughes, Chief Investment Officer, joined over 600 notable leaders in public and private sectors for the 28th edition of the Nigerian Economic Summit (NES28) held in Abuja, on Monday, November 14, 2022. The hybrid summit themed ‘2023 & Beyond: Priorities for […]

HGL Executive, Oluwayemisi Busari, On Importance of Public-Private Sector Partnership

Honeywell Group’s Senior Adviser on Government Relations, Oluwayemisi Busari, has said that effective public-private partnership is a must-have in building businesses that transcend generations. She shared her thoughts with newsmen on the sidelines of the 28th Nigeria Economic Summit (NES28) held in Abuja, on Monday, November 14, 202 According to a World Bank Report, about […]

Honeywell Group’s CIO On Progressive Policy Formulation, And Accelerated Economic Growth For Nigeria

The Chief Investment Officer of Honeywell Group (HGL), Otu Hughes, has said strategic and progressive policy formulation is vital for increased local and foreign direct investments to scale national economic growth. He said this during a chat with journalists at the 28th Nigeria Economic Summit, convened in Abuja by the Nigerian Economic Summit Group (NESG), […]

Honeywell Flour Mills and Flour Mills of Nigeria’s Transaction Receives Approval

Following receipt of all requisite regulatory approvals, Honeywell Flour Mills Plc (HFMP) informs Nigerian Exchange Limited and the general public that Flour Mills of Nigeria Plc (FMN) has acquired a 71.69% stake in HFMP from three entities related to Honeywell Group and the transaction has now been consummated. With this acquisition, HFMP ceases to be a […]

Honeywell Group Limited And Flour Mills of Nigeria Plc Sign Agreement To Combine Flour Mills Of Nigeria Plc With Honeywell Flour Mills Plc

The transaction will create a strong National Champion for Nigeria to further enhance food security Flour Mills of Nigeria Plc. (“FMN”) and Honeywell Group Limited (“HGL”) today announced that they have signed an agreement for the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc. (“HFMP”), a portfolio company of HGL. At […]

TA Associates Announces Minority Investment in Interswitch

TA Associates, a leading global growth private equity firm, today announced it has acquired a minority interest in Interswitch, an Africa-focused integrated digital payments and commerce company. The transaction was effected through an acquisition of interests from Helios Investment Partners in its investment holding vehicle. Financial terms of the transaction were not disclosed. Helios Investment […]