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Asia Pacific lifts Rémy Cointreau’s half-year sales

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Rémy Cointreau said on Tuesday that first-half sales of its 2017/18 financial year through 30 September grew 6% to €544.4m ($639m), buoyed by its Rémy Martin cognac brand which reported 13.8% sales growth to €367m. The maker of Cointreau liqueur and Mount Gay rum said that it saw organic growth in all regions, with Asia Pacific region delivering remarkable performance, driven by strong momentum in Greater China and Singapore, as well as improved trends in Japan. The Americas region was bolstered by a strong second-quarter in the United States amid a favorable environment for cognac upscaling. Europe, Middle East and Africa (EMEA) region also posted strong results, driven by strong performances in Russia, Central Europe and a new phase of expansion in Africa. The group said that its liqueur

Nigeria Customs applauds Guinness Nigeria on payments, vows stronger ties

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Guinness Nigeria Plc has been commended for strong compliance and due diligence in remitting its tax and statutory obligations to the Nigeria Customs Service (NCS). Customs Area Controller (CAC), Lagos Industrial, Nigeria Customs Service, Comptroller Morenike Oladunni, made the commendation during a visit to the company on Monday, October 16, 2017. She said Guinness Nigeria’s impressive compliance with respect to the disbursement of excise duties is not only noteworthy but a reflection of its enviable corporate governance standards. Mrs Oladunni commended Guinness Nigeria on a number of stellar performances, especially regarding the timely remittance of obligatory dues and excise duties into the nation’s coffers. She also thanked the company for being one of the few companies that goes fur

Nearly all dairy products consumed in Nigeria are imported, says Dangote

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Aliko Dangote, Chairman, Dangote Group, says 98% of all dairy products consumed in Nigeria are imported. “Ninety-eight per cent of all the milk and dairy products we consume in Nigeria are imported. “This is why Dangote Group has planned to develop dairy plants, and develop homegrown milk production, to reduce importation,” he said. The Chairman of Nigeria’s largest conglomerate made the assertion on Monday while speaking to some students of the Executive MBA class of the Lagos Business School who visited the Dangote Petrochemical Refinery. The Dangote Group announced in July of its plans to expand into dairy production starting in 2018. He added that the nation was at risk of hunger in the next few years if the mass food importation was not checked. “By 2020, it is estimated that the Nige