{
  "id": 16732586,
  "title": "HGL Wins Award for Generational Excellence in Family Business",
  "url": "https://urgent.news/2026/10/27/hgl-wins-award-for-generational-excellence-in-family-business",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-27T10:11:32.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/27/hgl-wins-award-for-generational-excellence-in-family-business/"
  },
  "original_language": "en",
  "account": "Honeywell Group Limited (HGL) has been honored with the Generational Excellence in Business Award at the 2026 Family Business Leadership Awards. The distinction acknowledges the company's growth and transition across three generations. HGL, established in 1972, has evolved from a West African trading firm to a Nigerian investment holding company with operations in flour milling, real estate, financial services, and infrastructure. Foluke Oyeleye, a Non-Executive Director, and Tomi Otudeko, the Chief Operating Officer, received the award on behalf of the Group. Otudeko traced HGL's history back to her grandmother, who initiated the trading business across West Africa. Her father later formalized the enterprise. Oyeleye expressed her gratitude to her parents, attributing the Group's success to divine grace, and acknowledged the contributions of employees and her siblings, particularly the leadership of Managing Director Obafemi Otudeko. At the Family Business Summit, Otudeko discussed the significance of building a reputation alongside a family legacy in a fireside chat. She emphasized that while legacy provides a platform, reputation is built through consistency, competence, and character. Oyeleye also spoke about preserving the lessons of previous generations while embracing new ideas at the NextGen Spotlight Session. Family businesses are integral to Nigeria's economy, with PwC Nigeria's 2024 findings indicating that they comprise over 70% of small and medium-sized enterprises and contribute nearly half of the country's GDP. For HGL, the award marks a significant milestone in its more than five-decade-long journey, with the Group committed to building businesses and creating lasting value for future generations.",
  "summary": "Honeywell Group Limited (HGL) has won the Generational Excellence in Business Award at the 2026 Family Business Leadership Awards, in recognition of its transition across three generations and its sustained",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}