Monthly Archives: December 2017

International Breweries completes three-way merger; lists 5.3bn additional shares on Stock Exchange

International Breweries Plc, on Thursday notified the Nigerian Stock Exchange (NSE) that it has listed 5.3bn additional shares on the Exchange, capping what has been a grueling six months for the firm to merge with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited.

The brewing company which is an indirect subsidiary of Anheuser-Busch InBev and the only listed company on the NSE out of the three merging entities notified dealing members of the Nigerian Stock Exchange of the additional share listing.

Nestlé Nigeria partners ITC to boost youth entrepreneurship

With the high rate of unemployment in the country and need to engage the youth meaningfully, Nestlé Nigeria has partnered with Imperial Integrated Consulting in their annual capacity building programme called the National Career Fair.

The fair slated to hold in several states across the country started on December 7 at the University of Lagos. Other States include Oyo, Akwa-Ibom, Kaduna and the Federal Capital Territory.

Coca-Cola Nigeria to empower 15,000 youths in 2018

Coca-Cola Nigeria has said it will empower 15,000 youths in 2018 through its youth empowerment and personal development initiatives.

The Director, Legal, Public Affairs and Communications, Nigerian Bottling Company, Sade Morgan, made this known while speaking at a press conference in Lagos on Monday.

She said the vision of Coca-Cola was to impart over 100,000 youths with entrepreneurship and employability skills.

Striking workers in Food and Beverage sector suspend strike following mediation by Labour Ministry

Workers in the nation’s food and beverage sector called-off their strike on Wednesday following an intervention by the Federal Ministry of Labour and Employment to mediate between the warring groups.

The strike which began on Monday when members of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB) downed their tools to protest their inability to reach a new collective agreement on wages and other fringe benefits with the employer’s association, the Association of Food, Beverage and Tobacco Employers (AFBTE). Members of FOBTOB were seeking among other things an upward review of their salaries by 20% instead of the 14% agreed to by AFBTE.

Trade Union Congress blames employers in food & beverage sector for strike as it enters day 2

Trade Union Congress of Nigeria (TUC) yesterday blamed the ongoing strike in the food and beverage sector on the employers under the aegis of Association of Food, Beverage and Tobacco Employers (AFBTE).

The strike which is in its second day has grounded activities in the food and beverage sector.

Arla Dano adds excitement to milk segment with introduction of chocolate and strawberry flavours

TG Arla Nigeria, makers of Dano Milk has upped the stakes with the introduction of chocolate and strawberry flavoured milk powder variants into the Nigerian market.

According to the company, the newly introduced strawberry and chocolate milk powder were launched following intense consumer research that informed increasing desire for a convenient and exciting Milk product among families especially kids.

Minister lauds WAMCO on first Dairy Farmers’ Day

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has applauded the efforts of FrieslandCampina WAMCO, makers of Peak and Three Crowns milk, in creating and successfully hosting Nigeria’s first Dairy Farmers’ Day programme, Thursday in Iseyin, Oyo State.

Food, Beverage and Tobacco workers to embark on Strike

Workers in the food, beverage and tobacco sector are set to begin a nationwide strike at the stroke of midnight Monday over what the workers say is a “failure by employer’s body to review salary.”

According to the President of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), which is the umbrella organization for the workers, Mr. Quadri Olaleye and its General Secretary, Solomon Iji, said on Monday that they had signed a letter urging members in the multinational companies to embark on a nationwide strike to press home their demands.

FrieslandCampina WAMCO brings Dutch farmers for dairy knowledge transfer

Leading dairy firm FrieslandCampina WAMCO, makers of Peak milk and Three Crowns Milk is set to revolutionise the dairy industry in Nigeria. The company which is the leading firm in Dairy Development Programme in the country said, for the first time, it will bring the Farmer2Farmer programme to Nigeria. The Farmer2Farmer programme is a unique programme where certified dairy farmers from the Netherlands train and advice Nigerian farmers on best dairy farming practices, under the milk giant’s Dairy Development Programme (DDP).

Nigerian Breweries names new Managing Director, others to the Board

Nigerian Breweries Plc (“NB”), announced on Monday the appointment of Mr. Jordi Borrut Bel as its new and substantive Managing Director, replacing Mr. Johan A. Doyer who has been the Managing Director on an interim capacity since 16th June 2017. The appointment is effective 22nd January 2018.