Nigerian state programs

Nigerian Breweries plans to lessen impact of new excise tax on consumers through cost savings initiatives

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Breweries Plc, said it will lessen the impact of the new excise tax on tobacco and alcohol on consumers that is set to come into effect on 4th June by intensifying cost saving initiatives. The brewer said it would seek to increase its local sourcing of raw materials as well as attempt to obtain further improvements in its sorghum value chain. The firm added that it will consolidate its earnings through improved consumer value engagement, market penetration, stocking to hedge against market volatility as well as ensuring a balance in the management of input costs and price consumers pay for its products. The maker of Star Lager said it is optimistic of achieving 60% local sourcing target by 2020, from the current level of 50%. Speaking to the media ahead of its Annual General Meeti...

Lebanon’s political system leads to paralysis and corruption

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
IT IS difficult to escape the grip of religion in Lebanon. The rules that govern marriage, property rights and inheritance are administered by religious courts. Well-to-do secular Lebanese can fly to Cyprus to marry in civil ceremonies. But once back home, if their relationship goes sour, Muslims still have to deal with religious judges, who rule on divorce, alimony and child custody. Lebanese are increasingly fed up with this way of doing things. The number of believers has steadily declined since 2011. Today almost a quarter of people say they are not devout, according to Arab Barometer, a pollster. Nearly half say they are only somewhat religious. Trust in clerics and the clergy has never been so low. This helps explain why more and more Lebanese want to overhaul the way the country...

Where Syria’s despot Bashar al-Assad is likely to strike next

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
IF THE cruise missiles that slammed into Syria on April 14th rattled President Bashar al-Assad, he did his best not to show it. Hours after America, Britain and France struck three facilities connected to Mr Assad’s chemical-weapons programme, his office posted a video of him strolling confidently into work. Russian politicians who met him later in the day said he was in a good mood. Mr Assad may have feared a bigger response from the West. Donald Trump, America’s president, had vowed to make his regime pay a “big price” for gassing to death more than 40 people in the town of Douma on April 7th. But the missiles destroyed only a handful of buildings and probably failed to wipe out all of Mr Assad’s poisonous arsenal. Nor did they dent his ability to rout, with conventional weapons, what

Mullahs rig the price of moolah in Iran

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
FOR the second time in as many months, Iran’s “dollar patrol” is on the streets. The country’s currency, the rial, has lost a third of its value on the black market since September. On April 9th it sank to a record low of 61,000 to the dollar (when the official rate was 37,850). The next day the government imposed a rate of 42,000 and vowed to arrest anyone who bought or sold rials for what they are actually worth—as it did during the previous currency crisis, which was only in February. Some are nonetheless flouting the rules, demanding 56,000 rials or so for a dollar. There were long lines and, surprise, surprise, dollar shortages at the handful of exchanges using the official rate. A lack of confidence in the rial reflects a lack of confidence in the economy. The housing market is st

Africa’s big carbon emitters admit they have a problem

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
AN HOUR east of Johannesburg, on the rolling highveld plains, six massive cooling towers sit around two belching smokestacks. The Kendal power station (pictured) is among the world’s largest, producing 4.1 gigawatts (GW) from burning coal. A few kilometres down the road there is another coal-fired plant, Duvha, which is only slightly smaller. An even bigger one, Kusile, is under construction next door. When sub-Saharan Africa comes up in discussions of climate change, it is almost invariably in the context of adapting to the consequences, such as worsening droughts. That makes sense. The region is responsible for just 7.1% of the world’s greenhouse-gas emissions, despite being home to 14% of its people. Most African countries do not emit much carbon dioxide. Yet there are some notable e

How African governments try to control what is said online

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
You have the right to remain silent IN THE West, when celebrities post revealing videos on Instagram, they may find themselves mocked by tabloids and gossip websites. In Tanzania they can be arrested. On April 16th Diamond Platnumz, a Swahili rapper (pictured), known for such ditties as “Bum Bum”, was arrested after posting a clip of himself kissing a woman. According to Tanzania’s information minister, Harrison Mwakyembe, Mr Platnumz’s “indecency” fell foul of a new law intended to regulate social media. It is part of a growing trend of African governments trying to control what is said online. Tanzania’s vaguely worded law, which came into effect last month, seems to require almost anyone who publishes content online in the country to buy a licence for 2.1m Tanzanian shillings (around

Coca-Cola “Score a Trip to Russia” Promo produces winners

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Bottling Company Limited (NBC), bottlers of Coca-Cola products and Coca-Cola Nigeria Limited have presented World Cup tickets to two lucky winners in the ongoing “Score a Trip to Russia” Promo. The winners who received their tickets earlier in the week at NBC head office, Iddo, Lagos were Fashola Moruf Adeyinka and Benjamin Muo. The ‘Score a Trip to Russia’ campaign is an ongoing promo sponsored by NBC and Coca-Cola, to reward esteemed consumers with an all-expense paid trip to Russia 2018 to watch the FIFA World Cup matches, which begins in June. Speaking at the presentation of the tickets to the winners, the Managing Director of Nigerian Bottling Company Limited (NBC), George Polymenakos described the promotion as an initiative to reward consumers who are desirous of experiencin

CCBA gets new home in Port Elizabeth, South Africa

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Coca-Cola Beverages Africa (CCBA), the continental beverage company based in Johannesburg, South Africa has relocated to a new headquarter in Port Elizabeth, South Africa. According to a statement from the company, the facility will house the largest Coca-Cola bottler in Africa, accounting for around 40% of all coke volumes on the continent. CCBA CEO Doug Jackson, said, “CCBA is building a successful Coca-Cola bottler in Africa, which means greater shared value for the business and the communities the region serves, and we are optimistic about the future growth of our business on the continent”. “We aspire to be the best Coca-Cola bottler in the world and Africa’s most valuable independent food and beverage-company, driven by engaged, motivated, and capable employees.” “The opening of a ne

Beta Glass ends year on a high

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016. The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year. The growth in profit was helped by a 48% increase in Operating Profit to ₦4.7bn, thanks to improved cost efficiencies and a net finance income that grew 230% to ₦1.1bn from ₦344mn.Powered by WPeMatico