National Lottery Regulatory Commission strongly condemned for shutting down NB’s offices over alleged infraction

BUSINESS
The Nigerian Employers’ Consultative Association (NECA) has condemned the actions of the Director-General of the National Lottery Regulatory Commission (NLRC), Mr Lanre Gbajabiamila, for what it sees as his high handedness and lack of regard for the rule of law, to close down the offices of Nigerian Breweries Plc. NECA said that Gbajabiamila’s action had failed to respect the ongoing suite – CA/A/207/2016, NECA & 1 or vs. AG Federation & 3 others – which is related to the matter that allegedly led to the closure of Nigeria Breweries. This was in obedience to the court order, which had restrained the National Lottery Commission and/or its agents from imposing/further imposing its own interpretation of ‘promos’ on NECA’s members and/or from further harassing, intimidating and/or seal

Coca-Cola HBC sees tepid growth in nine months

BUSINESS
Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC), with operations in 27 other European countries, said it posted a 2.6% revenue growth in the third quarter of 2018 to €1.87bn and 1.2% sales rise in nine months to €5.09bn. The company said that the growth was driven by a 4.2% volume growth in Q3 and 4.4% rise in volumes in the nine months across its geographic segments, with the strongest growth coming from developing markets, where it recorded 11.3% volume growth in the third quarter and 9.8% volume rise in nine months. The growth in developing markets was driven by strong performance in Poland, helped by good summer weather and favourable macroeconomic environment. Other factors include double-digit growth of sparkling in all brands, as well as water. Net sales in

Youth Groups In Borno Drums Support For Zulum’s Apc Guber Candidate,wants Durkwa As Running Mate In 2019 Elections

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Following the emergence of Professor Babagana Umara Zulum as bonafide gubernatorial candidate on the platform of the ruling All Progressives Congress (APC) in Borno state, Concerned Youth Groups under the aegis of Borno Youth Progressive Alliance (BO ...Powered by WPeMatico