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Nestlé Professional Unveils MAGGI Signature Jollof Seasoning Powder in 100g Packaging

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Nestlé Professional Unveils MAGGI Signature Jollof Seasoning Powder in 100g Packaging

Nestlé Professional has unveiled a new 100g pack size of MAGGI Signature Jollof Seasoning Powder at a Jollof Carnival hosted in Lagos.

According to Nestlé Professional the Maggi pack is a convenient and affordable option for out of home users including restaurants, bukas and hotels.
With its attractive packaging and unique flavors, the seasoning in the new pack size responds to current preferences for simplicity and efficiency to help customers create the one-pot meals more consumers prefer today.

Participants at the Jollof carnival had the opportunity to prepare and taste ten different innovative Jollof recipes including Banga Jollof…

Coconut Jollof, Asun Jollof, Nkwobi Jollof, Suya Jollof, Seafood Jollof, all made from MAGGI Signature Jollof in the interactive cooking session!

Oluwayemisi Oluokun, a caterer and the CEO of God’s Grace Events, is one of the participants who had the opportunity to recreate an innovative recipe, Nkwobi Jollof.

She said, “I am thrilled that the Nkwobi Jollof I made today turned out so well! MAGGI Signature Jollof gave it such a distinctive, rich flavor.

“Every caterer and chef really need to try this convenient pack to infuse the signature jollof taste into their meals.”

Speaking during the product unveiling, Funmi Osineye, Business Manager, Nestlé Professional, said, “No occasion in Nigeria is complete without Jollof Rice…

“And that is why we are happy to introduce the 100g MAGGI Signature Jollof as an affordable and convenient solution for our out-of-home customers.

“This new pack reinforces Nestlé’s leadership position and commitment to growing the culinary landscape in Nigeria.”

Participants at the colorful Jollof Carnival included chefs, caterers, event planners, representatives of hotels and restaurants as well as the media.

One of the participants, Chef Nick Maaji who is the Vice President South-West of the Association of Professional Chefs Nigeria. He had this to say:

“The 100g pack size of Maggi Signature Jollof is time saving and convenient, making life easy for me as an Executive Chef.

 

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“I believe that this will be the same experience for my colleagues in the industry. I also found the showcasing of the diverse ways Maggi Jollof brings recipes to life exciting. It really has been a Jollof Carnival!

Surakat Idowu, President, Association of Professional Caterers and Decorators in Nigeria was also in attendance.

In her words, “I have been using MAGGI since I was in catering school and find that MAGGI Signature Jollof has a great aroma and delivers the authentic jollof taste!

Nestlé Professional Unveils MAGGI Signature Jollof Seasoning Powder in 100g Packaging

“I must commend Nestlé Professional for introducing this convenient 100g pack option and encourage our caterers to try this product.”

Jollof rice is a spicy and savory meal that occupies a special place in Nigerian cuisine. It is a centerpiece on special occasions, at parties, special events and gatherings.

The Nigerian Jollof is renowned for its tasty, rich, and smoky flavor, loved by all. The introduction of an affordable, convenient 100g pack size is therefore a significant addition to Nestlé Professional Nigeria’s portfolio.

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Breaking: MTN Nigeria forfeits shareholder funds after suffering N740 billion in foreign exchange losses.

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Breaking: MTN Nigeria forfeits shareholder funds after suffering N740 billion in foreign exchange losses.

Breaking: MTN Nigeria forfeits shareholder funds after suffering N740 billion in foreign exchange losses.

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in a wipeout of shareholders’ funds.

The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported in 2022.

This is the company’s first-ever loss since it became a quoted company in Nigeria.

Key Highlights

Total subscribers increased by 5.3% to 79.7 million
Active data users increased by 12.7% to 44.6 million
Active mobile money (MoMo PSB) wallets increased by 163.2% to 5.3 million
Service revenue increased by 22.4% to N2.5 trillion
Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 12.3% to N1.2 trillion
EBITDA margin decreased by 4.5 percentage points (pp) to 48.7%
Loss after tax was N137.0 billion due to net forex loss
Profit after tax (PAT) adjusted for the net forex loss decreased by 14.3% to N344.5 billion
Earnings per share (EPS) declined to negative N6.38 kobo (N16.56 kobo adjusted for the net forex loss, down 14.1%)
Net loss for the year has resulted in a depletion of our retained earnings and shareholders’ fund to negative N208.0 billion and N40.8 billion, respectively
Company Commentary: “2023 witnessed a very challenging operating environment characterised by rising inflation, currency devaluation and foreign exchange shortages, complicated by geopolitical disruptions and cash shortages in Q1 arising from a redesign of the naira.

These factors created severe MTN Nigeria Communications Plc Audited results for the year ended 31 December 2023 2 | Page headwinds for our customers and our business during the year. The inflation rate increased throughout the year, reaching 28.9% in December 2023 – the highest reading in 18 years – with an average rate of 24.5%.

This was further exacerbated by higher fuel prices, arising from the removal of the fuel subsidy in May 2023, with the average prices of diesel and petrol up by 66.4% and 257.1% in 2023 to N1,416.8/litre and N600/litre, respectively. In June 2023, the Central Bank of Nigeria (CBN) adopted a more liberal foreign exchange management system and reintroduced the ‘willing buyer, willing seller’ model.

This has resulted in a 96.7% unfavourable movement in the exchange rate against the US dollar from N461.1/US$ in December 2022 to N907.1/US$ (Nigerian Autonomous Foreign Exchange Market (NAFEM) rate) in December 2023. This development contributed meaningfully to the upward pressure on the cost of doing business in Nigeria, and for MTN Nigeria in particular, significantly increased the costs in relation to our tower leases.”

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BREAKING: “No more Emilokan”—Ibadan residents protest hardship under Tinubu 

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BREAKING: “No more Emilokan"—Ibadan residents protest hardship under Tinubu 

BREAKING: “No more Emilokan”—Ibadan residents protest hardship under Tinubu

Some Nigerians in Ibadan, Oyo State, are currently protesting the high cost of living, food inflation, and economic hardship under President Bola Tinubu administration.

Recall that Nigerians have continued to face various degrees of economic hardship since President Tinubu announced the removal of the petrol subsidy on May 29, 2023.

The protest, which was staged in the Mokola area of Ibadan, had some placard-carrying youths in their numbers chanting songs to drive home their points.

Some of the placards have inscriptions such as ‘No more Emilokan’, ‘End food hike and inflation’, ‘The poor are starving’, ‘Tinubu, don’t forget your promises’, amongst others.

Armed policemen were seen at the protest scene even as demonstrators held the peaceful rally against the economic hardship in the land occasioned by the removal of petrol subsidies and the unification of the foreign exchange windows.

The police had warned that no breach of peace would be allowed during any protest in the state.

The protest in Oyo followed others in Kano and Minna, among others, over the economic hardship occasioned by petrol subsidy removal, food inflation, and the high cost of living.

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A helicopter carrying Herbert Wigwe and five others crashes on the California-Nevada Border

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Wigwe: Family releases burial rights, excludes RCCG City of David

A helicopter carrying Herbert Wigwe and five others crashes on the California-Nevada Border

A helicopter carrying Herbert Wigwe, Group Managing Director and Chief Executive Officer of Access Holding, and five other people crashed near the California-Nevada border.

No official confirmation has been made from the bank holding company.

However, sources with knowledge of the matter confirm that Herbert Wigwe was on board the helicopter but cannot confirm if he is dead or if there were survivors.

Also on board were his wife and son. Nairametrics also understands that business mogul Abimbola Ogunbajo was also on board the flight.

However, the United States National Transport Safety Board (NTSB) is still investigating the crash, as authorities have yet to access the crash site.

The NTSB also tweeted

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