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Coca-Cola Nigeria unveils Limca Cola

BUSINESS
Coca-Cola Nigeria Limited has announced the introduction of Limca Cola, a new variant launched to expand the foot print of the Limca brand. According to a statement issued by the company, Limca Cola is a good quality sparkling soft drink with a unique cola taste to deliver refreshment to consumers on-the-go. Speaking on the new product, Franchise Marketing Manager, Coca-Cola Nigeria, Gbolahan Sanni, said: “We are excited about the introduction of Limca Cola to the Nigerian market. Limca Cola is a reaffirmation of our commitment to innovatively refreshing our consumers on-the-go with a good quality product, unique cola taste at an affordable price.” He further stated that Limca Cola gives the invigorating carbonated taste of Cola in 60cl PET bottles at the affordable price of N100, adding t

Golden Guinea Breweries nears completion of factory overhaul

BUSINESS
Golden Guinea Breweries Plc, the Umuahia-based brewer which has not been active for over 16 years following a fire outbreak at its facilities in 2003 leading to closure of the business said it is nearing completion of retooling work that will enable it restart production. In a statement released to the Nigerian Stock Exchange (NSE) on Thursday, the once brewer of Eagle stout, Bergedorf lager and Golden Guinea lager said it is optimistic of returning to full operations on or before the second quarter of 2019. The company which has been undergoing major overhaul at its facilities said the delay in filing its Qtr 1, Qtr 2 and Qtr 3 financial results for periods ended 30 June, 30 September and 31 December 2018 was because the company had not commenced production. For the nine months ended 31 D...

Focus on conduct of credible elections, ignore APC calls on Akwa Ibom REC, Group counsels INEC boss

AFRICA, AGBOR NEWS, BLOGS, lagos, Local News, News, Newspaper, NIGERIA, politics
Chairman of the Independent National Electoral Commission, INEC, Prof. Mahmood Yakubu has been urged to focus more on the conduct of free, fair and credible elections on Saturday, rather than noise from the All Progressives Congress, APC for the rede ...Powered by WPeMatico

SONA Group Opens Water treatment Plant

BUSINESS
The Sona Group of Industries has inaugurated effluent treatment plants in Sango -Ota, Ogun State. The treatment plants were inaugurated in four of subsidiary units of Sona Group, namely: Euro Global Foods and Distilleries Limited, Sona Agro Allied Foods Limited, Food, Agro and Allied Industries Limited and Shongai Packaging Industries Limited were also inaugurated. The treatment plants are expected to treat the wastewater produced by the industries, which are undesirable by- products before release into the environment. Speaking during the inauguration, the Commissioner for Environment, Ogun state, Bolaji Oyeleye, commended the efforts and investment of the group and promised that the state government would create an enabling environment for businesses to thrive. “When we started up with t

Union hails FG for addressing high number of ‘Expatriates’

BUSINESS
The National Union of Food, Beverage and Tobacco Employees (NUFBTE) has commended the Federal Government for tackling the influx of expatriates in the country. NUFBTE President, Comrade Lateef Oyelekan, was quoted as saying that prior to the election of President Muhammadu Buhari, the country was bedeviled with influx of foreigners, who disguised as expatriates to corner the scanty jobs meant for Nigerians, thereby making more competent Nigerians second class citizens. “However, with the introduction of Executive Order ‘5’ by President Buhari, the despicable practice of expatriates quota abuse and influx of all manners of foreigners to take few jobs meant for Nigerians is steadily and consistently fading out,” the NUFBTE president said. “President Buhari’s patriotic action was a reaction t

Nigerian Breweries full year profit plunge as higher excise duty rate, tough operating environment erode earnings

BUSINESS
Leading beer firm Nigerian Breweries Plc (“NB”) said that increased competition and a new excise duty rate increase on domestically produced alcohol and tobacco which came into effect last year has had an adverse impact on its 2018 full year results. The maker of Star Lager and Gulder said that full year revenue declined by 5.8% to ₦324bn, while net profit for the year was down by 41.2% to ₦19.4bn. In a statement, the company said “In 2018, the results of the company were adversely impacted by the increased exercise duty rates which came into effect during the year coupled with a challenging operating environment”. The company is also seeing increased competition from its rivals AB InBev owned International Breweries Plc which has been scaling-up its operations and in 2018 completed a new