The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent citizens can no longer afford to buy beer. Essaadi said this on Monday at the company’s investor call following the release of its 2023 results. “It has been unprecedented year for our business in Nigeria. We saw ...

The Niger Delta Power Holding Company (NDPHC) has reduced electricity supply to the Aba Ring-fenced Area that compromises nine of the 17 local government areas in Abia State by more than 50%. According to sources close to Aba Power which serves the nine LGAs but who asked for anonymity in the media because they are not authorized to speak to ...

Church & Dwight (CHD.N), projected its annual net sales forecast above market estimates after posting upbeat fourth-quarter revenue on Friday, boosted by higher prices and resilient demand for its household and personal-care products. Reuters reported that the New Jersey-based company sees 2024 reported net sales to grow between 4% and 5%, versus analysts’ estimates of growth of 3.4% to $6.05 billion. ...

…minister lauds Cement Plant’s promotion of best practices The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote Cement is a key ...

Temitope O. Sogbanmu, University of Lagos Two weeks into January 2024, Nigerian authorities took steps to curb environmental degradation caused by plastic pollution in the country. The Federal Ministry of Environment and the Lagos State government both announced bans on single-use plastics. The Federal Ministry of Environment was the first to issue a directive. It banned single-use plastics in its ...

Halimat Somotan, Georgetown University In Lagos, a megacity with a population estimated at 21 million, the state government has been building a satellite city, known as Eko Atlantic. At the same time is has been destroying informal settlements, where as much as 60%-70% of Lagos’s population may live. Makoko, a community on the mainland of Lagos, is one of the ...

Plantain waste can be reduced in Nigeria and used in the production of wine. Getty Images Malomo Adekunbi Adetola, Obafemi Awolowo University Agadagidi, a wine made from plantain, is a popular drink at festive occasions in Nigeria. But it’s not always of a high quality. It is usually produced in the southern part of the country in limited quantities because ...

•Governor commissions middle-level Fresh Food Market in Mushin, expands food supply chain Lagos State Governor Babajide Sanwo-Olu, on Sunday, launched a fresh palliative scheme for low-income traders across local markets in the State, as part of measures being taken to cushion the effect of the current economic realities.  The Governor rolled out Lagos Market Trader Money, which, in the first ...

 •Economy affairs, education, environment top Lagos’ priorities in 2024 Lagos State, in 2024, will sustain its investment momentum towards expanding the growth of the economy. Governor Babajide Sanwo-Olu, on Wednesday, presented an estimate of N2.2 trillion expenditures to the House of Assembly for next year, proposing increased capital spending across key priority areas in the Economic Affairs sector. There will ...

Sumsub, a full-cycle verification platform, today announced that its Non-Document Verification solution is now available in South Africa, Nigeria, Kenya, and Ghana, enabling clients to reach over 350 million potential users. With this launch, Sumsub pioneers document-free verification in Africa, helping companies stay compliant with KYC/AML regulations, eliminate identity fraud, and effortlessly onboard users. Non-Doc Verification is tailored to businesses across both regulated and non-regulated sectors including crypto, ...