Tiger Brands joins list of South African companies exiting Nigeria with sale of minority stake in UAC Foods

NIGERIA – Tiger Brands, one of Africa’s largest food producers, has exited Nigeria- Africa’s most populous nation and largest economy- after selling its minority stake in UAC Foods.   Tiger Brands, which owns brands including Jungle Oats, All Gold, and Koo, said that Nigeria remains a market of significant potential for the company, and “options will be explored after the closing of the transaction to maximise opportunities in relevant categories”  UAC, with interests in real estate, paints and livestock feed, will take over Tiger Brands’ stake in the company, further cementing its majority ownership…

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UAC Restaurants expands its retail unit with launch of modern Mr Bigg’s bread bakery

NIGERIA – UAC Restaurants Limited, subsidiary of UAC of Nigeria Plc, a leading diversified company operating in the food & beverage, animal feed and Quick Service Restaurant sector, has opened a state-of-the-art bread bakery in Amuwo Odofin, local government area of Lagos State. The launch of the new outlet was done in collaboration with CEESAM International Limited, a UAC Restaurants’ franchisee. It is aimed to expand the company’s retail segment and readily avail its Mr Bigg’s Family bread nearer to consumers. The outlet will leverage on the traffic from its…

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Grand Cereals taps experience of seasoned professional Bode Agusto to be company’s Board Chairman

NIGERIA – Grand Cereals Limited, a subsidiary of UAC Plc, has announced the appointment of Mr Bode Agusto as its new Chairman of the Board, taking over from Mr Bode Emmanuel. Mr Emmanuel has retired from Grand Cereals, creating an avenue for new leadership to take charge at the integrated food company. The Chairman of UAC’s board of Directors, Mr Daniel Agbor, described Emmanuel’s dedication, skill and leadership as the key ingredients to GCL’s success. “Since joining Grand Cereals, Chief Emmanuel has been at the forefront of innovative developments that…

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UAC Foods introduces spicy, classic variants of Gala beef sausage roll

NIGERIA – UAC Foods Limited, a leader in the snacks, diary and spring water segments in Nigeria, has launched two new variants of its famous Gala beef sausage roll coming in spicy and classic flavours. The new product variants, which come in a bigger 100gram size, have been carefully formulated to enrich the Nigerian snacking experience, on the go with more spice and beef filling at N100 only. The Gala Spicy sausage roll is enhanced with extra flavour and spice (pepper) to match Nigerians’ love for delicious spicy food and…

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UAC of Nigeria names Funke Ijaiya-Oladipo as its new Chief Financial Officer

NIGERIA – UAC of Nigeria Plc, a leading diversified company operating in the food &beverage, animal feed and Quick Service Restaurant sector has appointed Funke Ijaiya-Oladipo as Chief Financial Officer replacing Mr Ibikunle Oriola, who has tender in his resignation in the company with effect from December 31, 2020. Accepting the resignation, the board thanked Oriola for his services and wished him well in his future endeavours. “The successor, Ijaiya-Oladipo, is a high-achieving, results-driven, finance professional. She has over 13 years’ corporate finance and capital markets experience,” indicated UAC. She…

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UAC Nigeria Plc Appoints Folasope Aiyesimoju as new Group MD/CEO

NIGERIA – The United Africa Company of Nigeria Plc (UAC), parent company of Grand Cereals Ltd and UAC Foods Limited, has appointed Mr Folasope Babasola Aiyesimoju new Group Managing Director/Chief Executive Officer. According to a statement made by the board of directors of UAC of Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) Mr Folasope Aiyesimoju will assume the position effective April 1, 2019. Before his appointment, Mrs Omolara Elemide had been holding the position as the Acting general managing director and CEO since January 2019. Mr…

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Nigeria UAC Appoints Ibiyinka Oriola as new group finance director

NIGERIA – The United Africa Company of Nigeria PLC (UAC), the parent company of UAC Foods Limited has appointed Mr. Ibikunle Ibiyinka Oriola as the Group’s Finance Director. Mr. Oriola is a seasoned professional with 17 years’ experience gained from diverse functional roles spanning finance, strategy, risk management and corporate finance. He has provided strategic finance leadership, driving transformational and growth agenda of conglomerate businesses spanning several sectors such as hospitality, real estate, power, agriculture and asset/funds management. In the past, Mr. Oriola has worked as Group Chief Finance Officer…

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Nigeria’s quick service restaurant Mr. Bigg’s launches new outlet

NIGERIA- Nigeria’s quick service restaurant Mr Bigg’s and subsidiary of United Africa Company (UAC) of Nigeria, has opened an outlet in Ogun States as part of its expansion strategy, reports This Day. Speaking during the launch of the outlet, Mrs. Joan Ihekwaba, UAC Restaurants’ managing executive said the restaurant features spacious design with its menu aimed at ensuring consumer satisfaction. “The use of comfy seats and flush tables to depict different seating arrangements that accommodate various consumers’ profile, family and individual seating add to the splendour of the new outlet,”…

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