Daily Archives: May 23, 2018

Nestle Nigeria confident about the future

Food and beverage giant Nestle Nigeria plc, has said that it is optimistic the ongoing economic reforms and diversification agenda of the Federal government will lead to better performance and returns to shareholders in future years.

This was the view of the company’s chairman, David Ifezulike, while addressing Nestle’s shareholders at its Annual General Meeting (AGM) held on Tuesday in Lagos. He said that the current economic trend eases production constraints in manufacturing and agriculture and key government reforms continue to diversify the economy, an all-around improvement in the economy is expected.

Guinness Nigeria wins multiple awards at International Spirits contest

Guinness Nigeria Plc has won several medals at this year’s San Francisco World Spirits Competition (SFWSC).

The competition was the biggest in its history, with over 2,200 entries. Guinness Nigeria slugged it out with over 2,200 international brands to clinch the award.

An SFWSC medal has become a recognized affirmation of high quality and one of the most reliable and universal indications of spirits excellence.

When is Golden Guinea Breweries resuming production?

Umuahia-based Golden Guinea whose doors have been shut for nearly 16 years is yet to resume production as was expected in 2016.

The troubles of the once pride of the Eastern States goes back to 2003 when fire broke out at the facility destroying equipment including boilers. But even before then, there had been allegations of mismanagement, fraud and insolvency by the management. Successive state governments made efforts to resuscitate the once pride of Umuahia. The previous administration of Governor T.A. Orji set up a committee to look into how to bring back the brewery to life. Work to revamp the facility started in his administration.