Flour Mills of Nigeria Plc (FMN) and Honeywell Group Ltd. (HGL) said they have signed an agreement for a proposed business combination valued N80 billion. Both companies said this in a statement posted on the website of the Nigerian Exchange Ltd. (NGX) on Monday. “FMN and HGL today announced that they have signed an agreement […]
Nigeria’s Vice President, Prof Yemi Osinbajo, has commended the commitment of Coca-Cola group to Nigeria’s economy. Osinbajo gave the commendation in Lagos on Monday during the 70th Anniversary Gala Dinner of the Coca-Cola System in Nigeria. He said that the company had made repeated investments in Nigeria in the building of production facilities across the […]
The United Nations High Commission for Refugees (UNHCR) has charged the ECOWAS Court of Justice to save 5.5 million possible displaced persons in West Africa. Regional Director of UNHCR West & Central Africa, Ms. Millicent Mutuli, said the Court, through its advocacy, held the key to curbing the rising spate of displacement and statelessness in […]
A U.S. diplomatic boycott of the Beijing Olympics would deal a blow to Seoul’s attempts to resume diplomacy with North Korea, experts said. Last week, U.S. President Joe Biden said that his administration was “considering” a diplomatic boycott of the 2022 Winter Olympics in February. Such a boycott would mean the U.S. would not send […]
Mobile telecoms equipment maker Ericsson (ERIC) said on Monday it had agreed to buy cloud communications firm Vonage (VG) for $6.2 billion. The deal was the Swedish firm’s biggest in years and follows its acquisition of US-based wireless networking company Cradlepoint for $1.1 billion in 2020. “The merger agreement was approved unanimously by the Board […]
The National Health Insurance Scheme ( NHIS) and Roche Product Ltd., a Swiss drug giant, have signed a Memorandum of Understanding (MoU) on cancer care reimbursement initiative. The Deputy General Manager, Press, NHIS, Mr Emmanuel Ononokpono, said in a statement in Abuja on Monday that this was part of efforts to bring hope to cancer […]
Senior executives at Amazon’s business in India have been charged after two men allegedly used the website as part of a marijuana smuggling operation. Last week, police in the central state of Madhya Pradesh arrested two men for allegedly trafficking 20kg of the drug to other Indian states. Police say the men had traded cannabis […]
The Intra-African Trade Fair 2021 (IATF 2021) came to an end on Sunday in Durban, South Africa, recording $36 billion deals during the week long event. The News Agency of Nigeria (NAN) reports that the event held physically in Durban, South Africa, while some other participants joined virtually from different parts of the world. Speaking […]
The African Union Economic, Social and Cultural Council (AU-ECOSOCC) has inaugurated five eminent personalities, including a traditional ruler, as its Nigerian Cultural Ambassadors. The News Agency of Nigeria (NAN) reports that the five AU-ECOSOCC Nigerian Cultural Ambassadors were inaugurated at the unveiling of the project “My Culture and I” in Abuja on Saturday. Speaking during […]