Daily Archives: October 27, 2017

Guinness Nigeria off to a strong start in Q1 as revenue surge 30%

Guinness Nigeria Plc on Thursday reported a 30% increase in revenue for the first quarter ended 30th September 2017.

The Nigerian unit of British drinks maker Diageo Plc said that sales hit N29.9bn ($82.3m) in the first three months of its financial year, up from N23bn ($63.3m) it recorded in the same period in 2016.

NECA asks members to decline invitation to Public hearing on soft drinks

The Director General, Nigeria Employers’ Consultative Association (NECA), Mr. Olusegun Oshinowo, has asked its members to decline an invitation by the Federal House of Representatives ad-hoc Committee investigating the production and distribution of soft drinks manufactured by the Nigerian Bottling Company Limited (NBC) and other drinks produced or marketed in Nigeria.

House panel pledges to continue soft drinks probe

Majority Leader of the Federal House of Representatives, Hon. Femi Gbajabiamila, has said that the National Assembly has power to carry out an investigation into a matter involving privately-run companies.

Speaking as the chairman of the House ad hoc Committee investigating the production and distribution of soft drinks manufactured by the Nigerian Bottling Company PLC (NBC), and other soft drinks sold in the country, Hon. Gbajabiamila stressed that it was equally erroneous to assume that the National Assembly would halt a probe because a party involved had taken the matter to court.