News

Nigerian Breweries Hikes Prices Of Beer As Production Costs Soar

Published

7 months ago

February 14, 2024

The Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone.

According to a letter dated Monday, February 12, 2024, the price review, effective from Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses.

“This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday, February 19, 2024.

“This review has become necessary because of continued rising input cost and the need to mitigate the impact,” the statement indicated.

The company assured customers that those who have fully paid for orders before the specified date would be honoured at the existing prices.

However, orders exceeding the communicated quantity window will be subject to the revised pricing.

“In appreciation of our great partnership and your commitment, we will deliver at current prices all open orders that are fully funded and created in our system before 00.00hrs on Monday 19th February 2024.

“The exact quantity of orders that will be allowed will be communicated to you by your Regional Business Manager (RBM). Any order in excess of this quantity will be re-invoiced at the new price on the 19th of February 2024,” the statement added.

The price adjustment by the FMCG company is believed to have been a result of the rising cost of production worsened by forex volatility.

In the last 11 months, at least five multinationals have shut down operations in Nigeria, an analysis of separate notices filed by the firms has shown.

In December 2023, another consumer goods giant, Procter & Gamble, dissolved on-ground operations in the country.

The company explained that it was difficult to do business in Nigeria as a dollar-denominated organisation and the macroeconomic reality in Nigeria is responsible for its latest strategic decision.

Before P&G, Unilever also announced in March 2023, it would fold up operations in the country.

According to the multinational, the changes in its business meant it had to exit its home care and skin cleansing categories from Nigeria.

News

BREAKING: 281 Inmates Missing From Custodial Centre After Borno Flood – NCoS

Published

6 hours ago

September 15, 2024

Editor

The Nigerian Correctional Service has declared 281 inmates missing from the Medium Security Custodial Centre, Maiduguri, the Borno State capital.

The service noted that this followed an evacuation process in the aftermath of the flood incident in the state, as seven inmates were returned to the centre.

In a statement on Sunday in Abuja by its spokesman, Umar Abubakar, the service released the details of the inmates, including their biometrics.

Abubakar said, “The Nigerian Correctional Service has observed the flooding currently being experienced in Maiduguri, Borno State, and its environment.

“The unfortunate incident has left scars, bringing down the walls of the correctional facilities, including the Medium Security Custodial Centre, Maiduguri (MSCC), as well as the staff quarters in the City.

“Upon the evacuation of inmates by officers of the service with support from sister security agencies to a safe and secure facility, 281 inmates were observed to be missing.”

He, however, added that “it is important to note that the service is in custody of their details, including their biometrics, which is being made available to the public below.

“The service is working in synergy with other security agencies as both covert and overt deployments have been activated to look out for them.

“Presently, a total of seven inmates have been recaptured and returned to custody, while efforts are on ground to track down the rest and bring them back to safe custody.”

“While this effort is on, the public is assured that the incidence does not impede or affect public safety.”

News

JUST IN: First Set Of Trucks Begin Loading Of Fuel At Dangote Refinery [VIDEO]

Published

8 hours ago

September 15, 2024

Editor

The Dangote Refinery has announced that the first set of trucks is set to load Premium Motor Spirit (petrol) at the facility.

Dangote Group disclosed this in a video posted on its official X account on Sunday.

“HAPPENING NOW: First set of trucks set for loading of PMS at the Dangote Petroleum Refinery,” the company stated.

This comes as the Nigerian National Petroleum Company Limited NNPCL, on Saturday announced that over 300 trucks had arrived at the Dangote Refinery to load petrol.

DAILY POST reports that this is the first time in years that locally produced petrol will be loaded in Nigeria.

Earlier, the Minister of Finance, Wale Edun and the Chairman of Federal Inland Revenue Service, Zacch Adedeji, said that all agreements had been made for NNPCL to lift petrol from Dangote Refinery.

Petroleum marketers have said that the commencement of petrol distribution from the Dangote Refinery will end fuel scarcity and eventually lead to price reduction.

Watch video:

HAPPENING NOW: First set of trucks set for loading of PMS at the Dangote Petroleum Refinery. pic.twitter.com/rEPbjGqCS0

— Dangote Group (@DangoteGroup) September 15, 2024

News

JUST IN: Sowore Released After Arrest At Lagos Airport

Published

11 hours ago

September 15, 2024

Editor

The presidential candidate of the African Action Congress in the 2023 election, Omoyele Sowore, has been released minutes after his arrest.

Sowore was arrested on Sunday morning at Murtala Muhammad International Airport in Ikeja, Lagos State.

He wrote, “I had just arrived in Nigeria from the USA at MMIA in Lagos; upon reaching Nigerian Immigration, my passport was seized, and they told me they had orders to detain me.

“This is not unexpected because I have always known that it is part of the broader clampdown by the fascist @officialAbat regime on dissent and their fear of the upcoming #FearlessINOctober revolt.

“In case this becomes another prolonged and protracted detention, I urge our citizens to ensure they ALL stop tyranny by all means acceptable and necessary, by engaging in the planned series of direct actions slated for 1 October and beyond.”

His flight left Washington Dulles International Airport at 6.14 EDT and arrived in Lagos at around 9.43am.

On Thursday, 12 September 2024, a DSS memo ordering the arrest of Sowore upon his arrival in Nigeria was leaked.

However, in a post via his official X handle, Sowore disclosed that he had been released by the Nigerian Immigration Service and his passport had been released to him after it was earlier confiscated.

He wrote, “I have just been released by the Nigerian Immigration after a brief detention and my passport released back to me.”