Cadbury Says Won’t Exit Nigeria Despite Harsh Economy

Cadbury Nigeria Plc, a subsidiary of Mondelez International, has reaffirmed its commitment to doing business in the country, despite the current challenging operating environment. The company’s top brands in Nigeria are Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, and Clorets chewing gum. In a statement,  Oyeyimika Adeboye, MD/ CEO, said: “We are not insulated…

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UGC : MAN and NERC leadership

Manufacturers Prepare for Tariff Review Discussions with DisCos and NERC

▪︎From right: MAN President  Francis Meshioye; Segun Ajayi-Kadir, Director-General of MAN  and Chairman of  NERC, Sanusi Garba. In the past year, a significant discussion arose involving the Manufacturers Association of Nigeria (MAN), the electricity Distribution Companies (DisCos), and the industry regulator, the Nigerian Electricity Regulatory Commission (NERC). On April 3, 2024, NERC approved an increase for…

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NB PLC : Despite N51.3bn Advertising Spends , Post N106bn Loses FY 2023

▪︎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…

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