ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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NIGERIAN BREWERIES ANNOUNCES HIKE IN PRICE OF BEERS AMID ECONOMIC CHALLENGES. (PHOTO).

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Nigerian Breweries announces hike in price of beers amid economic challenges

Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023.

In a letter seen by Nairametrics and dated 1st August 2023, the company established the need to review prices due to the soaring rise in input costs and the necessity to cushion its impact.

It partly reads, “This is to inform you that we will review the prices of some of our SKUs effective Thursday 10th August 2023.”

It is reported that the decision to increase prices is attributed to several factors that have bedevilled the Fast-Moving Consumer Goods (FMCG) industry.

This latest development in the beverage market is likely to affect consumer purchasing decision who might be forced to cut back on their beer consumption or seek more affordable alternatives.

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