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Group backs NAFDAC, urges strict enforcement of sachet alcohol ban

The Renevlyn Development Initiative has urged NAFDAC to stand firm on enforcing the ban on the production, distribution and sale of alcoholic drinks in sachets and containers of 200 millilitres and below. In a statement signed by its Executive Director, Philip Jakpor, the group said the call became necessary following rising opposition from sections of the alcohol and beverage industry after enforcement began on January 22. He noted that the current crackdown is the outcome of more than two years of engagements between NAFDAC and industry stakeholders. Jakpor recalled that the Association of Food, Beverage and Tobacco Employers and the Distillers and Blenders Association of Nigeria signed an agreement with the Federal Ministry of Health and NAFDAC in December 2018 to phase out alcohol in sachets and PET bottles below 200ml by January 31, 2024. The deadline was later extended […]

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 Diageo Names Dave Lewis as New CEO After US Tariffs Woes

Diageo, the world’s leading spirits company and maker of Guinness beer, Smirnoff vodka, and Johnnie Walker whisky, has announced Dave Lewis as its new Chief Executive Officer. Lewis, current chairman of consumer healthcare firm Haleon and ex-CEO of supermarket giant Tesco, starts in January, succeeding Debra Crew who resigned in July. Diageo’s share price surged 7% on the news, following a year of disappointing trade due to US President Trump’s tariffs and weak consumer demand in China and the US. The company hopes Lewis’s extensive consumer brand experience and strong marketing pedigree will revive performance. However, analysts caution that he lacks direct spirits industry exposure and any major strategy reset will take time. Outgoing interim CEO Nik Jhangiani will return to his role as Chief Financial Officer. Diageo projects ongoing challenges ahead, including further profit warnings, indicating tough trading and […]

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