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…
“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 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…
• Image : Industrial pollution/ harboursandport.com The Maritime Reporters’ Association of Nigeria (MARAN) has voiced concerns about deteriorating environmental and health conditions around major industrial zones in the Apapa and Tin Can Island axis. Haboursandport.com reports that the tenants operating in the industrial corridors include in Flour Mills Nigeria Plc, the Dangote Group, Olam Agric,…
•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…
In his remarks, Halilu emphasised Africa’s readiness to lead in innovation, manufacturing, and sustainability. UK Parliament has honoured the Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu, with the prestigious African Achievers Award . The Award was conferred on him during the 15th…
“The Tummy Tummy noodles facility in Anambra State was not sealed by the National Agency for Food and Drug Administration and Control (NAFDAC).” The Director-General of NAFDAC, Prof. Mojisola Adeyeye, made the confirmation on Wednesday in response to an audio recording circulating on social media, falsely claiming that the agency shut down the Tummy Tummy…
• CGC Adeniji The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensive Import Supervision Scheme (CISS) levy. The Comptroller General of Customs (CGC), Adewale Adeniyi, made the revelation at an engagement held in Lagos to sensitize stakeholders in the B’Odogwu…
Global trade expanded by an estimated $300 billion in the first half of 2025, growing at an estimated 1.5% in the first quarter and projections showing 2% growth in the second. UN Trade and Development (UNCTAD) disclosed this in its just released Global Trade Update (July 2025). Said the report: Price increases contributed to the…
• Zach Adedeji The International Monetary Fund (IMF) has expressed its commitment to supporting the Federal Inland Revenue Service (FIRS) in implementing new tax laws. Senior Economist Paulo Paz praised FIRS for its progress under Chairman Zacch Adedeji during a mission in Abuja. He emphasised the implications of the new tax laws and the IMF’s…
