Shareholders of Nigerian Breweries Plc have approved the payment of a total dividend of N22.69 billion for the financial year. This translates to N3 per share against N2.40 paid in 2010. At the company’s 66th annual general meeting in Lagos, the company’s chairman, Kola Jamodu advised shareholders to embrace the e-dividend payment option to eliminate [...]
The U. S. Ambassador to Cote d’Ivoire, Mr Phillip Carter, said in Abidjan that West Africa’s food import bill will shoot up to a trillion dollars in 20 years as the economies in the region record fast growth. Speaking at the opening ceremony of a conference on removing trade barriers in West Africa, Carter noted [...]
Dufil Prima Foods, makers of Indomie Instant Noodles, has joined the growing Pasta market with the unveiling of its new Power Pasta in a media launch at the Westown Hotel, Lagos. Unveiling the new product, the Managing Director/Chief Executive Officer, Dufil Prima Foods, Deepak Singhal, who referred to the new product as a new baby [...]
GBENRO ADESINA/IBADAN The Oyo State Government has signed a Memorandum of Understanding (MOU) with an Australian Consortium for the exploration of mineral resources in the state. Dr. Festus Adedayo, the Senior Special Adviser to Governor Abiola Ajimobi of Oyo State said the governor signed on behalf of the state, while Dr. Dapsy Olatona signed on [...]
The Nigerian Breweries Plc has grown its turnover from N185,863 billion in 2010 to N230,123 billion, which represents an increase of 23.8 per cent in its 2011 financial year ended December 31. The result has helped the company to sustain leadership position in the Nigerian brewing industry as the board of the company has recommended [...]
Kraft Foods Group, is recalling Planters Cocktail Peanuts sold in 12-ounce canisters because there is a possibility that the peanuts were exposed to water not intended for use in food during the production process. Approximately 3,000 cases of the recalled Planters peanuts were shipped to retail customers across the US, Europe and Africa. This recall [...]
Promasidor Nigeria Limited, makers of Top Tea, has launched two new variants of the tea (lemon-lime and ginger flavours) into the Nigerian tea market in a bid to add fun and excitement to tea drinking in the country. The company has also launched square and tag tea bags into the market in response to the [...]
