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Shareholders Commend Consolidated, Nigerian Breweries Merger

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11 years ago

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Some capital market
stakeholders have said that the proposed business consolidation between Nigerian Breweries (NB) Plc and Consolidated Breweries Plc would enhance shareholders’ return on investment.
They said in separate interviews with newsmen  in Lagos, that they were in support of the merger following its projected contribution to the economy and national employment profile.
A founding member of Nigeria Shareholders Solidarity Association, Alhaji Gbadebo Olatokunbo, said that the business consolidation would increase the Nigerian Breweries’ market share of the nation’s brewery market.
Olatokunbo, who commended the merger, said that the company’s cost of business would be minimised and impact positively on profitability.
According to him, the merger will ensure the company has adequate capital to fund all investments required to operate competitively.
He said that the company should ensure enhanced dividend to the shareholders during the post merger era to compensate them for their support.
Olatokunbo, however, urged other companies listed on the nation’s bourse to emulate the Nigerian Breweries and Consolidated Breweries initiative to upscale their growth.
The General Secretary, Independent Shareholders Association of Nigeria (ISAN), Mr Bayo Adeleke, described the merger as part of the expansionist policy of NB.
Adeleke said that the merger would enable the company to gain more market share and become a dominant player in the breweries sector.
According to him, the minority shareholders are in support of the merger because of its overall positive impact on the economy and investors.
The President, Progressive Shareholders Association of Nigeria (PSAN), Mr Boniface Okezie, said that the merger would bring a lot of benefits to the shareholders.
Okezie said that the larger entity would enhance investors’ dividends and drive higher capital appreciation of the equity.
“The two giant breweries are going to increase the market share in terms of production which will make the products available all over the country,” Okezie said.
According to PSAN boss, the issue of non-availability of products will be a thing of the past and it will also help check proliferation in the beer market.
Also speaking, the Managing Director, APT Securities and Funds Ltd., Mallam Garba Kurfi,said that the merger was part of expansion programme of the company to consolidate in the industry.
Kurfi, who described the merger as a welcome development, said that it would inject new life in the general operations of Consolidated Breweries.

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Kenyan Runners Dominate Berlin Marathons

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4 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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4 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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4 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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