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Nigerian Breweries Hikes Prices Of Beer As Production Costs Soar

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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.

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

READ ALSO: Buhari’s Reckless Policies Responsible For Current Hardship – Oshiomhole

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.

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“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.

READ ALSO: Tinubu’s Sudden Announcement Of Subsidy Removal Created Untold Hardship – Prof Sagay

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

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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.

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

 

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Nigeria May Adopt Chinese Water Transport System

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Nigerian maritime stakeholders and authorities have concluded plans to understudy the Chinese waterways transport model with a view to perfecting Nigeria’s waterways transportation system.

In a statement, the Head of Maritime Roundtable Breakfast Meeting, MBRBM, Mrs Tosan Edodo-Emore, said that China being the largest country with the largest inland waterways is apt to teach Nigeria on how best to manage and improve water transport system.

READ ALSO: Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

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She said that the Consul General of the People’s Republic of China, Madam Yan Yuqing, is expected to share the Chinese experience with the Sino-Nigeria Maritime Relationship and lessons to be learnt from China at the summit scheduled for April 18, 2024.

According to the Edodo-Emore, the Summit themed, “Security and New Technologies in Inland Waterways Transportation”, will have some heads of maritime institutions

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NAFDAC Alerts Nigerians On Banned Soap

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The National Agency for Food and Drugs Administration and Control (NAFDAC), has drawn Nigerians’ attention to the ban on Dex Luxury Bar Soap (No 6 Mystic Flower), by European Union (EU).

The notification is contained in a public alert with No. 012/2024, signed by NAFDAC Director-General, Prof Mojisola Adeyeye, and issued to newsmen in Abuja on Sunday.

The product does not comply with the cosmetic products regulation; it also contains Butyphenyl Methylpropional (BMHCA), which is prohibited in cosmetic products due to its risk of harming the reproductive system.

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READ ALSO: NAFDAC Shuts 10 Bakeries, Eight Water Factories In Rivers

“It also causes harm to the health of unborn children and may cause skin sensitisation.

“It is as a result of the defective nature of the product that the EU banned it.

“The products is not in NAFDAC database; importers, distributors, retailers and consumers are to exercise caution and vigilance within the supply chain,” she said.

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READ ALSO: NAFDAC, PCN Raid, Seal 1,321 Patent Medicine Outlets In Kano

Adeyeye called on marketers and consumers to avoid the importation, distribution, sale and use of the product, saying that product’s authenticity and physical condition must be carefully checked.

She called on members of the public in possession of the product to discontinue sale or use, and submit stock to the nearest NAFDAC office.

The NAFDAC boss advised healthcare professionals and consumers to report any suspicion of adverse reaction or substandard and falsified regulated products to the nearest NAFDAC office on 0800-162-3322 or via email: sf.alert@nafdac.gov.ng.

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She also encouraged healthcare professionals and patients to report adverse events or side effects related to the use of the product, to the nearest NAFDAC office.

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Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

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Troops of the Nigerian Army have neutralized two terrorists and recovered arms in Giwa Local Government Area of Kaduna State.

Director Army Public Relations, Major General Onyema Nwachukwu, who made this known in a statement on Sunday, April 14, 2024, said the terrorists were on transit to cause havoc in the area.

Nigerian Army troops deployed for Counter- terrorism Counter-insurgency operations in the North West on Saturday 13 April 2024 successfully ambushed and neutralized two terrorists transiting with arms in Kaduna,” the statement read.

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READ ALSO: Police Nab Man Who Killed 100-year-old Mum Over Palm Oil Proceeds

The operation, which took place in Rafin Sariki Village of Giwa Local Government Area, was a prompt response to actionable intelligence on the presence of terrorists transiting with a sack containing weapons.

“The troops laid in ambush for the terrorists and engaged them in a gun battle, that neutralized two of the terrorists. The gallant troops also recovered one AK-47 rifle, 52 rounds of 7.62mm special ammunition, and one locally fabricated revolver frame.

“The Nigerian Army remains committed to ensuring the safety and security of the citizenry and the nation in general.

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“The NA will thus, continue to take decisive actions against terrorists activities in the region.”

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