Tag Archives: Akwa Ibom

Akwa Ibom ventures into ranching; acquires 2,000 cows from Brazil

August 01, 2019   Editor   No comments
dairy

The Akwa Ibom State Government has announced that it has imported 2,000 cows from Brazil, with the aim of ensuring food sustainability in the state.

The State Commissioner for Information, Charles Udoh, made this known in a media briefing with journalists in Uyo. He added that the state government had adopted a holistic agriculture plan on food security.

“The ranch was established in conjunction with foreign investors. The cattle have been quarantined. You know in the heat of the election, nobody wanted to venture into that ranch. And in the heat of that too, the Commissioner for Agriculture lost his seat.

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NAFDAC makes arrests at site of illegal distilleries in Akwa Ibom

May 24, 2019   Editor   No comments

The National Agency for Food and Drug Administration and Control (NAFDAC) said it has discovered the site of an illegal factory in Akwa Ibom that makes and distributes adulterated alcoholic beverages.

The agency’s Director General, Prof. Moji Adeyeye, in a statement on Friday in Abuja, disclosed that the factory was discovered in Afaha Obong in Abak Local Government Area of the state.

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Champion Breweries records 57% profit growth in nine months

November 03, 2017   Editor   No comments

Champion Breweries Plc said on Tuesday that net profit for the nine months to the end of September grew 57% to ₦152m ($419,000), up from ₦97m ($267,000) in 2016.

The Akwa Ibom-based brewer said that profit growth was helped by a 25% sales lift which reached ₦3.3bn ($9 million) from ₦2.7bn ($7.4 million) in the previous year. Cost of sales grew marginally at 13.5% to ₦2.5bn ($6.9 million), helping boost Gross profit 58% and Operating Profit 73% to ₦171m ($471,000).

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Nigerian Breweries unveils newly built block of classrooms in Uyo

September 24, 2017   Editor   No comments

Nigerian Breweries Plc has commissioned a newly built block of classrooms, library and toilet facilities at the Special Education Center for Exceptional Children in Uyo, Akwa Ibom State in honour of Imoh Eno-Essien, the 2016 Maltina Teacher of the Year.

The construction of the facilities in the school where Mr. Essien teaches was part of the prize for emerging as the 2016 Maltina Teacher of the Year. Essien, who beat nine other finalists to the coveted prize last year, also received one million Naira cash prize, an oversea training, plus another one million Naira to be paid to him annually for five years.

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Champion Breweries finishes year stronger

March 29, 2017   Editor   No comments

Champion Breweries on Monday reported its full year results for 2016 with net income surging 203% to N530m, from N77m in the previous year.

The maker of Champ Beer and champ malt saw a 10.37% rise in revenue for the year to N3.9bn, from N3.5bn in 2015.

While selling and distribution expenses rose 26% to N322m, from N256m in the previous year, administrative expenses fell 73% to N160m in the period under review.

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Fire engulfs Coca-Cola depot in Uyo; Goods worth millions at risk

January 06, 2017   Editor   No comments

The Uyo depot of the Nigerian Bottling Company, makers of Coca-Cola, Fanta and Sprite was on Wednesday engulfed in flames with goods worth millions of naira at risk of being lost.

An eye witness, Mr. Charles Ekong, told the News Agency of Nigeria (NAN) that the fire started from where the pallets are kept and soon spread to the entire packaging area.

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Akwa Ibom Special Ed Teacher wins 2016 Maltina Teacher of the Year Award

October 21, 2016   Editor   2 Comments

A new Maltina Teacher of the Year winner has emerged in Mr. Imoh Essien, a Special Education teacher from the Special Education Center for Exceptional Children in Uyo, Akwa Ibom State.

The event which took place on Thursday in Lagos saw Mr. Essien beat other contestants from each state to win the coveted prize.

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Champion Breweries appoints Patrick Ejidoh as new Managing Director

August 20, 2016   Editor   1 Comment

Champion Breweries Plc, the Uyo, Akwa Ibom based brewer has appointed Patrick Ejidoh as its new Managing Director.

Mr. Ejidor takes over from Sharm Ganesh Kulkarm, who is retiring after 28 years in Nigeria, four of which was spent as Managing Director of Champion Breweries. Ejidoh holds a Masters of Business Administration (MBA) and had been the Public Affairs Manager, East for Nigerian Breweries Plc up until his recent appointment.

At a ceremony organized by the company in Uyo, Ejidoh promised to maintain the company’s profitability in managing the brewery while ensuring the optimal welfare of the employees.

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Champion Breweries half-year revenue and profit rise

August 03, 2016   Editor   No comments

Champion Breweries Plc on Wednesday reported N79m net profit for the first-half of 2016, a 441% increase from last year when it earned N15m.

The Akwa Ibom based brewer said that revenue for the period grew 15% to N1.8bn, up from N1.6bn in the previous year.

The company also posted impressive results in the quarter under review, with net profit rising 305% to N22m on N958m revenue.

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Champion Breweries reports 15% rise in revenue for Q1 2016

April 25, 2016   Editor   No comments

Champion Breweries Plc, the Akwa-Ibom based brewer reported a 15% rise in sales for the first quarter ending 31 March 2016.

The brewer of Champion Lager saw its revenue rise to N872, from N757 in the same quarter in 2015.

Gross profit also rose 46% to N265m, from N182m in 2015.

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