Daily Archives: April 3, 2019

Ex Barcelona great, Carles Puyol to tour Nigeria

Heineken has revealed that Spanish football legend and Champions League winner, Carles Puyol will be touring Nigeria as part of the UEFA Champions League Tour as presented by Heineken.

The UEFA Champions League Tour as presented by Heineken will see both the football legend and the iconic cup travel to various cities across the country between April 16th and 18th as part of Heineken’s commitment to delivering premium experiences to consumers and football lovers.

The tour will be a three-day experience that will feature exclusive encounters in Lagos and Uyo and an unmissable match to be played by select consumers and the Spanish superstar, Puyol.

Rite Foods to empower women entrepreneurs through capacity building

Rite Foods Limited, the maker of Bigi range of soft drinks and sausage rolls said it has mapped out a programme to empower women entrepreneurs especially those in the food industry through capacity building and networking.

Speaking at the first edition of Food, Drinks and Her-the March Exhibition, an event designed to recognise, support and celebrate women entrepreneurs in the food and drinks industry, the Managing Director of Rite Foods, Mr Seleem Adegunwa, said that it is important to celebrate and empower women entrepreneurs in the society.

FG to review excise duty rate on alcoholic beverages as firms struggle amid drop in profits

The Federal Government has said it is reviewing excise duty rates on wines and spirits.

The review is coming nine months after President Muhammadu Buhari approved incremental tariff increase on alcohol and tobacco products.

According to a Tuesday report in Bloomberg, Paul Abechi, a spokesman for Finance Minister Zainab Ahmed, said in emailed response to questions, without giving a time frame.

International Breweries gives reasons for late filing of 2018 results

International Breweries Plc, the Nigerian subsidiary of global brewing company AB InBev announced on Tuesday the reasons for the delay in release of its 2018 full year results, before the regulatory due date of 31 March 2019.

In a statement released to the Nigerian Stock Exchange (NSE), the brewer said that the late filing is occasioned by the follow-up activities to the merger with its sister companies which was concluded in December 2017, adding that integration processes are still ongoing. Also, the appointment of a new External Auditor in compliance with the Securities and Exchange Commission’s Code of Corporate Governance for Public Companies, 2011 (SEC Code) regarding the 10-year tenure for External Auditors added to the delay.