Monthly Archives: March 2019

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

NUFBTE urges beverage firm not to engage expatriates

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) President, Comrade Lateef Oyelekan, has advised the management of La Casera Company not to allow foreign workers take over positions that are meant for Nigerians.

The union boss gave the advice when the new Managing Director of The La Casera Company, Mr. Chinedum Okereke, visited NUFBTE executives in Lagos.

Nestlé Nigeria, other get water license

The Federal Government has presented the Water Use License Certificate to two water companies, namely, Nestlé Nigeria PLC and Winners Power Garden for official extraction of water resources for their operations.

Minister of Water Resources, Suleiman Adamu, made the presentation on behalf of the Federal Government on Thursday in Abuja.

The presentation ceremony was organised by the Nigeria Integrated Water Resources Management Commission, the commission mandated for the issuance of licenses and the regulation of water resources in Nigeria.

Court rules Sales Promos are governed by Lottery Commission

A Federal High Court in Abuja has dismissed a suit filed by the Nigeria Employer’s Consultative Association (NECA) and Nigerian Breweries Plc (“NB”) against the National Lottery Regulatory Commission (NLRC) on whether sales promotions operated by companies are regulated by the lottery commission.

A statement in Lagos on Wednesday said NECA and Nigerian Breweries had on November 15, 2018 dragged the NLRC to court, asking it to determine certain issues regarding the power of the commission in regulating sales promotion and others.

Coca-Cola introduces first Energy drink under its brand name

Coca-Cola Energy drink is set to make its debut in the UK in April as the soft drinks giant tries to appeal to younger demographics and diversify away from its namesake soda.

The Energy drink being rolled out will have two variants – with and without sugar.

Jon Woods, general manager of Coca-Cola Great Britain and Ireland, says: “Our strategy is to offer people a wide range of drinks to meet different lifestyles and occasions and Coca-Cola Energy is the latest example of that.

Guinness Nigeria, WaterAid commission ‘Water of Life’ project in Kebbi State

Guinness Nigeria Plc, a subsidiary of Diageo as part of its ‘Water of Life’ project partnered with WaterAid to provide a solar powered water facility in the D’ka community of Wasagu LGA, Kebbi State with the ultimate goal of ensuring sustainable access to water, sanitation and hygiene, while helping people take action to improve their health and well-being.

Drinking hot tea nearly doubles risk of cancer, says new report

People who like to drink their tea piping hot have a greater risk of getting oesophageal cancer, according to a new report.

Researchers found that people who like to consume their tea above 60 degrees Celsius and drink about 700ml of tea per day had a 90% risk of oesophageal cancer when compared to those who drank less tea and at cooler temperatures.

The study which was reported on Cable News Network (CNN) and published in the Journal of Cancer looked at more than 50,000 people in Golestan, a province in northeastern Iran.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

AB InBev UK rebrands with name change

Anheuser-Busch InBev (AB InBev) has announced a name change in the UK to Budweiser Brewing Group UK&I. AB InBev which has a long list of strong internationally recognizable brands including Stella Artois, Budweiser, Corona, Michelob Ultra, Bud Light, Beck’s, among others said that it decided on Budweiser because it is the company’s most globally recognizable brand, according to an emailed statement.

Nestlé Nigeria marks World Water Day

Water is an essential part of life, a basic need in every home. As important as water is to life, access to safe drinking water remains a challenge across the world, including Nigeria. The Multiple Indicator Cluster Survey (MICS) conducted by the government of Nigeria in 2016/2017, estimated that in the rural areas, 19 million people walk long distances to collect unsafe water from lakes, streams and rivers. The theme for World Water Day 2019, ‘Leaving no one Behind,’ draws attention to this problem and calls for action to address it.