BUSINESS

Coca-Cola Nigeria says Private Public Partnerships key to realising MDG

BUSINESS
Coca-Cola Nigeria said on Monday that private public partnership (PPP) was crucial to the realisation of the United Nations (UN) Sustainable Development Goals (SDGs) in the country. This was made known by the Director, Public Affairs and Communications, Coca-Cola West Africa Business Unit, Clem Ugorji, who spoke at the Federal Medical Centre (FMC), Ebute Metta, Lagos during the donation of medical equipment. He said such intervention will not only promote mother/child health but will reduce drastically their mortality rates. Ugorji, said that the Safe Birth Initiative (SBI), in collaboration with Medshare International, a U.S.-based group, included the provision of critical medical equipment in the delivery room, training of para-medical engineers to ensure that machines responded to emerg...

Golden Guinea dispels rumours of commencement of full operation

BUSINESS
Golden Guinea Breweries Plc on Tuesday issued a statement to dispel rumours it has resumed full operation. In a statement released to the Nigerian Stock Exchange (NSE), the Umuahia, Abia State-based brewer said its attention has been drawn to several unauthorized recent online publications on commencement of full operations by the company. The statement read as follows: “The attention of Golden Guinea Breweries Plc has been drawn to several unauthorized recent online publications on commencement of full operations of the company” The statement further stated that the company has not resumed operation as reported by some media outlets including this publication. However, it said it stands by its original statement to resume by the second quarter of 2019. “The company stands by the disclosur

Golden Guinea Breweries reopens for business

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Golden Guinea Breweries Plc, the Umuahia, Abia State-based company which has been closed for 17 years is finally back to business. According to a statement by the Abia State Commissioner for Information, John Okiyi Kalu, he stated that he drank his first glass of Golden Guinea beer on Friday after more than 17 years. The Commissioner applauded the doggedness and hard work of the private sector owners of the company whom he said worked day and night to bring back the company back to function. He urged Nigerians to look out for Golden Guinea beers (Golden Guinea Lager, Bergedorf Malta, Eagle Stout and Bergedoff Lager) in beer parlours across the country. “In line with the internal review and monitoring agenda of the Governor Ikpeazu-led administration, I visited Golden Guinea Brewery today,

Hollandia Yoghurt touts its other uses

BUSINESS
Hollandia Yoghurt, a brand from the stable of CHI Limited, Nigeria’s market leader in fruit juices and yoghurt drinks, said it is seeing an increased use of yoghurt, either consumed directly or as a taste-enhancing mixer. Explaining further, the brand said that Hollandia Yoghurt Mixology has become a centrepiece for consumers who are increasingly embracing yoghurt and drink-mixing culture as their taste evolve. It stated that since its launch in 2016, consumers have commended Hollandia Yoghurt Mixology for its novel taste, smooth texture and its versatility to be used as a mixture with variety of beverages. According to the brand handlers, the mixology Grab ‘n’ Go Pack is already a hit with consumers who love to mix drinks as the smooth texture and great taste of Hollandia Yoghurt goes wel

Nigerian Breweries seeks N15bn short-term funding through Commercial Paper Programme

BUSINESS
Nigerian Breweries Plc on Thursday announced the issuance of a N15bn Commercial Paper (CP), part of the company’s N100 billion commercial paper programme to support its short-term funding. The company is offering 90-day and 182-day Commercial papers to investors with a view to raising short-term funds for its operations. The 90-day CPs carry effective and discount yields of 11.590 per cent and 11.2680 per cent respectively while the 182-day CPs carry 14.430 per cent and 13.4614 per cent respectively. Both issuances have been rated Aa by Agusto and AA by Global Credit Rating (GCR). The Series-1 90-day CPs are expected to mature on Monday July 22, 2019 while the Series-2 182-day CPs will mature on Tuesday, October 22, 2019. The offers opened Thursday and will close on Thursday, April 18, 201