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Future looks bright for the beverage industry – La Casera MD

BUSINESS
The La casera Company, one of the leading soft drinks companies in Nigeria sees a bright future for the industry. Speaking recently with the media, the company’s Managing Director, Roland Ebelt described the recession as a telling experience, noting that an industry that was once growing at a rate of between 5% and 10% per year since the 1990s suddenly came to a screeching halt due to a drop in consumer spending caused by the recession. He noted that the depreciation of the naira had a profound impact on his firm and the industry as a whole as prices of raw materials such as sugar, plastic and other ingredients skyrocketed leading to record losses for industry participants. The MD who joined the company a few years ago said that the naira depreciation affected both cost of imported raw mat

PDP wants Amaechi to resign as minister following his appointment as DG of Buhari re-election campaign

AFRICA, AGBOR NEWS, BLOGS, lagos, Local News, News, Newspaper, NIGERIA, politics
The Peoples Democratic Party (PDP) has called on the Minister of Transportation, Rotimi Amaechi to resign from the federal Executive Council following his being appointed the Director General of President Muhammadu Buhari's 2019 re-election campaign. ...Powered by WPeMatico