Edun: Nigeria is shifting from an import-dependent economy
Felix Enwemadu, General Manager of PepsiCo Foods Nigeria, said the factory and the rollout of Cheetos in Nigeria reflect the company’s long-term commitment to the country.
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UAC Acquires Chivita|Hollandia from Coca-Cola
UAC of Nigeria PLC has announced its agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company, subject to regulatory approval.Chivita|Hollandia is a key player in Nigeria’s food and beverage industry, known for its diverse portfolio, including dairy products, juices, and snacks, under the renowned Hollandia and Chivita brands. Fola Aiyesimoju, Group Managing Director of…
Bature Brewery targets 1pct of Nigeria’s $7bn beer market
“We’re going to be a small craft brewery compared to the big guys, but we believe we can make the best beer and we can keep growing in our own way and do things in our own style. “I will be very happy with 1% of the Nigeria’s $7 billion beer market. Even half of…
Unilever, “Glocalised Brand” – MAN
“Unilever is a “glocalised” brand, one that blends global excellence with local relevance, and applauded the company’s achievement of sourcing over 60 percent of its raw materials locally.” Those words were coined by the President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye.The occasion was during a delegation of the company’s management led…
Aliko Dangote Retires from Cement Board To Accelerate Refineries Growth
•Emmanuel Ikazoboh Becomes Chairman Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025.In a statement signed by Anthony Chiejina Group Chief, Branding & Communications Officer, said that Dangote’s relinquishing his position as chairman and retiring…
FG Suspends Implementation of Financial Reporting Council Amendment Act Affecting Private Firms
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
UPDATED: Qatar’s Baladna says ” visit to Abiodun exploratory, no investment agreement signed for dairy factory”
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
Qatar’s Baladna Expanding into Nigeria’s Dairy Industry
Qatar’s dairy giant Baladna Food Industries is bringing in a multi billion dollar investment into Nigeria dairy industry, specifically in Ogun State. The investment which has already been approved by the State’s Governor, Dapo Abiodun, is expected to boost local dairy production and food security. Governor Abiodun, said ” If you could meet 35 percent…
PZ Wilmar Sustains Mamador and Devon King’s Manufacturing in Nigeria as PZ Cussons Exit Ventures
PZ Cussons Plc and Wilmar International Limited have agreed definitive terms for Wilmar to purchase the 50 percent equity stake in PZ Wilmar Limited held by PZ Cussons Plc, for a cash consideration of $70 million.” A statement by the company , said that the transaction, which is subject to regulatory approvals, is expected to…
After Nigeria, Dangote Enters Ghana with 12,000 tons/day Sugar Refinery
Africa ‘s richest industrialist- Aliko Dangote, is constructing another sugar refinery in Ghana. In a statement, the Dangote Group said that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth. The expansion is also part of Dangote’s broader goal to expand integrated agriculture across Africa. The factory is…