Economic analysts have cautioned the incoming administration of General Muhammadu Buhari against increasing the tax rate as a way of generating additional revenue to cover declines in crude oil revenue.

In December 2014, after finalizing its merger talks with Consolidated Breweries, CB, PLC, which brought to 21 brands in its portfolio, Nigerian Breweries, NB Plc, launched a new product, Ace Roots, in what industry observers described as a direct competition with Guinness Ready to Drink, RTD brand, Orijin.

Amidst other competing Bitters brand in the market, Agya Appiah Bitters Limited, manufacturers of alcoholic Agya Appiah Bitters, Ghana, has announced its official entry into Nigeria. Speaking during a media briefing, Mr. Andrews Akolaa, Acting Chief Executive Officer, Agya Appiah Bitters, said the introduction of the new product is to reinvigorate and fill the gap in the Nigerian Bitters market by providing it with the purest and most natural blend of alcoholic bitters which is currently being enjoyed in other markets around the sub region and other parts of the world.

Guinness Nigeria Plc, has announced that it will be establishing a N10 billion Commercial Paper (“CP”) programme with the view to launching its inaugural CP issue under the programme in a week’s time. The announcement was made at the signing ceremony which held at the company’s headquarters in Ikeja, Lagos.

Conscious of its target to achieve five million clients by the year 2017, LAPO Micro finance Bank (MfB) has again churned out graduates from its Management Trainees and Talent Pool programme, in partnership with the German AFOS Foundation and the German Catholic Entrepreneurs Association (BKU) co-financed by the German Government.