Daily Archives: January 6, 2017

Fire guts condensed section of FrieslandCampina WAMCO factory

Fire broke out on Friday at the condensed factory premises of FrieslandCampina WAMCO in Ogba Industrial Estate, Ikeja, Lagos State.

However, the fire was quickly contained by the rapid response of the Lagos State Fire Service with support from FrieslandCampina WAMCO safety team and other nearby corporate entities.

Saudi Arabia to place hefty tax on Soft drinks, Energy drinks amidst dwindling oil revenue

Saudi Arabia has announced that it will place a 50% levy on sweetened beverages such as soft drinks and a 100% tax on energy drinks and cigarettes as it looks to boost revenue amid falling oil prices.

The new taxes were first proposed by the Gulf Cooperation Council (GCC) last December, but Saudi Arabia recently signed the agreement.

The country said that the increases are part of an “excise tax on harmful products”. The taxes will come into effect in April 2017.

Fire engulfs Coca-Cola depot in Uyo; Goods worth millions at risk

The Uyo depot of the Nigerian Bottling Company, makers of Coca-Cola, Fanta and Sprite was on Wednesday engulfed in flames with goods worth millions of naira at risk of being lost.

An eye witness, Mr. Charles Ekong, told the News Agency of Nigeria (NAN) that the fire started from where the pallets are kept and soon spread to the entire packaging area.