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Nigerian breweries increases prices of Star, Gulder, Stout as hardship bites harder

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Nigerian Breweries PLC has announced plans to increase the prices of its products starting Monday, February 19, 2024.

The company’s zonal business manager -West, Lekan Awosanya, disclosed this in a price review notification to its customers on Monday, February 12.

“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,” said Mr Awosanya.

Mr Awosanya stated that the latest price increase was necessary to offset the impact of the increased cost of production.

“This review has become necessary because of continued rising input costs and the need to mitigate the impact,” he stated.

He noted that the company will deliver open orders at the current prices before midnight on Monday.

“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, February 19, 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 February 19, 2024,” the notification partly read.

The development comes months after the company increased the prices of some of its products on August 10, 2023.

Some of Nigerian Breweries PLC’s products are Heineken lager beer, Star lager beer, Gulder, Legend Extra Stout, and Goldberg, among others.

Peoples Gazzete.

 

News and Report

Lagos broadcast stations decry union violence, 48-hour shutdown

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The management of Lagos State Government-owned broadcast stations has condemned the recent violent actions by striking union members, which disrupted operations and forced the stations off-air for 48 hours.

In a statement issued on Tuesday by the Head of Service, Establishments and Training, Afolabi Ayantayo, it was disclosed that the affected stations—Lagos Television, Radio Lagos/Eko 89.7FM, and Traffic Radio—were attacked on Monday by workers allegedly affiliated with the Nigeria Labour Congress, the Radio, Television, Theatre, and Arts Workers Union, and the Nigeria Union of Journalists.

The statement noted that striking workers reportedly vandalised studio doors, assaulted on-air presenters, switched off transmitters, and severed cables in an attempt to enforce the strike.

“The stations—LTV, Radio Lagos/Eko 89.7FM, and Traffic Radio—were forced off-air for 48 hours by workers who destroyed studio doors and assaulted presenters. They switched off transmitters and severed cables in unprecedented acts of violence, captured on video. Many workers were also whipped for refusing to join the strike, which aimed to pressure the government into placing about 400 workers on the civil service payroll,” the statement read.

Describing the incident as unprecedented, the station managers expressed their disappointment with the unions’ approach.

“Despite the State Government’s open communication channels, the leadership of NLC, RATTAWU, and NUJ chose the path of violence—both in words and actions,” the managers said in the statement.

They further described the strike as not only an attack on the broadcast stations but also a show of disrespect towards state authorities.

“The strike, which the managers have described as an attack and a sign of disrespect for the authorities, has raised doubts about the leadership of the NLC, RATTAWU, and NUJ in Lagos being committed to an amicable resolution of the crisis.”

The statement added that the union leaders have been invited to another meeting scheduled for Wednesday, 15 January 2025, to discuss the issues in dispute.

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CBN Fines Zenith, First Bank, Globus Bank, Others N1.3 Billion For Not Dispensing Cash

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The Central Bank of Nigeria (CBN) has fined nine deposit money banks in Nigeria a sum of N150 million each, amounting to N1.350 billion for failing to dispense cash through their Automated Teller Machines (ATMs) during the yuletide season.

According to the apex bank, the sanctioned banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and two others.

This is according to a press statement on Tuesday by CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali.

The statement read “In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season.

“Each bank was fined N150 million for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches. The enforcement action follows repeated warnings from the CBN to financial institutions to guarantee seamless cash availability, particularly during periods of high demand.

 

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Police uncover two gun manufacturing factories in Benue, arrest suspects

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Operatives of the Benue State Police Command have uncovered two gun manufacturing factories in Guma and Kwande local government areas of the state.

This was disclosed in a statement released on Tuesday by the state Commissioner of Police, Mr Steve Yabanet.

The CP noted that through credible information about criminals manufacturing arms at Mbaafa, Adikpo, Kwande LGA, detectives were deployed to the areas for investigation.

According to him, on January 11, police stormed a gun factory at Mbaafa and arrested one Friday Aduduakamve and Iorwashima Iornyume, aka AK-35.

The CP said that the operatives searched the factory and recovered nine fabricated pistols and one yet to be completed AK-47 rifle, amongst others.

He said that the team also uncovered another gun manufacturing factory in Daudu, Guma LGA, where more arms were recovered.

“As police detectives began intelligence gathering on criminal activities in Daudu, information was received that one Meme Ihoon, 50 years old, was responsible for all short arms being used by kidnappers, armed robbers, and cultists in Daudu.

“During the investigation, the said suspect was arrested on January 10; six dane guns and three long pipes used for fabricating guns were recovered from his house.

“The suspect confessed to having been producing and selling arms. Investigation is ongoing to arrest other criminals connected with the case,” the police spokesman said.

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