Tag Archives: Coca-Cola

Nigerians To Pay Tax On Every Bottle Of Coca Cola They Gulp From January

With effect from January 2022, Nigerians will take a burdensome decision whether to relax or entertain with carbonated drinks popularly known as “soft drinks” as the Minister of Finance Budget and National Planning, Zainab Ahmed has announced that the FG will impose exercise duties on carbonated drinks usually taken by the masses.

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NBC Affirms Commitment To Product Quality, Integrity

NBC Forum 20

The Nigerian Bottling Company Limited (NBC), has held its 2020 Stakeholders Forum themed ‘Product Quality and Integrity: Challenges and Opportunities’. The virtual summit held on Tuesday 14’ July 2020, attracted several stakeholders. During the summit, NBC vowed to its customers and consumers that it remains committed to product quality and integrity, promising that this would remain the gold standard of …

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Coca-Cola Acquires Chi Limited

Cola-Cola has completed the acquisition of Chi Limited. In a statement on Wednesday, Coca-Cola explained that it has extended its minority investment in the company to full ownership. In 2016, the company acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years. “Coca-Cola is continuing to evolve as a total beverage company, and Chi’s …

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Coca-Cola profits fall as it expands healthier low-sugar, non-carbonated drinks

Coca-Cola saw profits drop sharply due to sales of bottling facilities as it moved to expand offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas, the company said Wednesday. Net income for the US soft drinks giant plunged 60 percent in the second quarter to $1.4 billion, while revenues fell 16 percent to $9.7 billion. Both were …

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