Daily Archives: August 31, 2017

NBC hosts fifth energy efficiency workshop

Nigerian Bottling Company (“NBC”), the bottler of Coca-Cola products in Nigeria hosted the fifth pilot Energy Efficiency Network (EEN) workshop for industries in Nigeria.

The event took place at the company’s Ikeja, Lagos plant on 17th August 2017, and attracted industry stakeholders and participants from other companies in the network and engaging in a series of practice-driven discussions focused on energy efficiency and aimed at supporting the participating companies to identify opportunities for sustainable energy cost savings.

Guinness Nigeria sponsored engineers graduate

The first set of students from the Guinness Nigeria sponsored Graduate Skills Development Scholarship scheme has passed out in flying colours. The graduates completed a year’s training at the National Power Training Institute of Nigeria (NAPTIN).

At their graduation, Corporate Relations Director, Guinness Nigeria Plc, Mrs. Viola Graham-Douglas, said the objective of the collaboration with NAPTIN was to provide a pool of resourceful, competent and versatile engineers capable of delivering peerless technical services to further shore up the government’s transformation agenda in the power sector.

Avon Crowncaps suspends trading on the Nigerian Stock Exchange

Avon Crowncaps & Containers Nigeria Plc, makers of screwcaps, metal containers and steel drums for a diverse industry including beverage companies (soft drinks producers, juice and dairy makers, brewers and spirits producers) among others announced on Thursday that it was suspending the trading of its shares on the Nigerian Stock Exchange (NSE) effective 31 August 2017.

The company which has seen its fortunes decline over the last five years had sought to buy out its minority shareholders who hold about 21% of the firm’s shares so it can be taken private and restructured.

Avon Crowncaps is majorly controlled by Wilko Corporation, a private company registered in the Bahamas.

Emerging markets growth lifts Brown-Forman’s Q1 results

American spirit firm Brown-Forman Corp reported a 9% sales growth for the first quarter ended 31 July 2018. Revenue rose to $723m from $661m in the previous year.

The company credits its success to continued improvement in emerging markets, driven by improving consumer demand in a more stable exchange rate environment. The company’s two largest emerging markets, Mexico and Poland reported double-digit gains of 27%, fueled by strong growth of its Jack Daniel’s family of brands.