▪︎Mr Hans ESSAADI, Managing Director/CEO DESPITE the N51.3 billion spent on advertising and sales promotion by the Nigerian Breweries Plc, the giant brewer reported a N106.3 billion loses for the financial year ended December 2023. Based on this, the Company’s Board of Directors has notified its shareholders that it did not recommend any dividend for…
Arrays of alcoholic sachets drinks in Nigeria
United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili, and Mohamed Alhajie Samoura as the new chief executive officers of its subsidiaries in Kenya and Sierra Leone, respectively. In a statement, UBA’s Group Managing Director/CEO, Oliver Alawuba, said that the strategic appointments underscored the bank’s commitment to fostering diversity, empowering local…
President Macky Sall of Senegal will tomorrow, decorates Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Group, with the award of the National Order of the Lion. Industrialtimesngr.com learned that the award is the highest order of Senegal and will be bestowed on the foremost businessman on February 2, 2024. Based on this,…
▪︎Mining and Blue Economy Cabinet Secretary Salim Mvurya (C) with Governor Cecily Mbarire (R) at the Embu County headquarters where he announced that Kenya has adequate deposits of coltan found in six counties on January 24, 2024. PHOTO | GEORGE MUNENE | NMG Kenya has announced that the precious coltan mineral, which is used in…
” These SUPs and styrofoam products often clog drainage channels and canals in Lagos.” The Lagos Government has ordered two agencies to clamp down on all the single -use plastics production companies and distribution outlets for Styrofoam in the state, to prevent further distributions. Tokunbo Wahab, the State’s Commissioner for Environment and Water Resources, disclosed…
▪︎Doris Uzoka-Anite, Minister of Industry, Trade and Investment A House of Representatives / Public Accounts Committee has ordered the ministries of Health and the Ministry of Trade, Industry and Investment to refund unutilised funds meant to mitigate the effects of the Covid-19 pandemic. The committee gave the order today, during its investigative hearing stating that…
The 10 African countries with the lowest price of fuel at the start of 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on the 1st of January 2024. Picture: NNPCL GMD; Mele Kyari
▪︎Executive Secretary of NIPC, Mrs. Aisha Rimi. The Nigerian Investment Promotion Commission (NIPC) says it will investigate and publish the impacts assessment of the federal government’s tax holidays to industries. Tax holiday is an incentive granted by the government to qualifying industries exempting them from the payment of corporate income tax for an initial period…
(The East African)A sixth sugar factory has started production, boosting the Tanzania government’s efforts to cut down on sugar imports and control retail prices. The Mkulazi Sugar Factory, a joint venture by the National Social Security Fund (NSSF) and the Tanzania Prisons Service started production in December, aiming to produce 50,000 tonnes per year. The…
