Business

Nigerian Bottling Company marks 75yrs, reaffirms commitment to Nigeria

By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In 1951, Anastasios Leventis negotiated the rights for the whole […]
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CSR: InterSwitch launches ‘Switch A Future’

InterSwitch Nigeria Limited has launched ‘Switch A Future’, a corporate social responsibility campaign.
The campaign, which is in collaboration with Freedom Foundation, is aimed at touching children’s lives who would have never had access to education, by providing them with an education.

World Bank rates Nigeria low in trade logistics index

work was required to spur economic growth and help firms benefit from trade recovery.

High income economies dominate the top logistics rankings, with most of them occupying important places in global and regional supply chains.The lowest performing countries are mostly from the low income groups.

Sacked Cadbury boss acted based on facts

The sacked former Chief Executive Officer of Cadbury Nigeria PLC, Mr Bunmi Oni, told an Ikeja High Court that he acted on facts at his disposal to prevent the company from going down. Oni averred before Justice Ayo Phillips that the deferrals he made in respect of a N3 billion loss incurred by Cadbury was due to the situation the company found itself.

SMEDAN to introduce credit scheme without collateral to SMEs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has disclosed that it is partnering with relevant stakeholders to introduce a functional credit guarantee scheme that will enable entrepreneurs to access funds without collateral. Alhaji Mohammad Umar, the Director-General of SMEDAN, told newsmen in Abuja on Wednesday that the scheme, which might not be domiciled in SMEDAN, would ensure that Small and Medium Entrepreneurs (SMEs) accessed credit facilities without the usual difficult conditions.

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