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Cadbury Nigeria @60 Fireside Chat With Dr Christopher Kolade: Here are the key points

Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.

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Dr Christopher Kolade, the first indigenous CEO, Cadbury Nigeria Plc, has charged the company’s management and staff to live up to expectations in the discharge of their duties.

Dr Kolade gave the encouragement during a fireside chat to  commemorate Cadbury Nigeria 60th Anniversary.

The former chairman,  emphasized the importance of adhering to core principles, as  a company does not perform better than its people.

He drew inspiration from Winston Churchill’s leadership during World War II, highlighting the need for leaders to adapt to changing contexts.

Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.

According to him, human capital aligns with the company’s commitment to sustainable growth and development.

The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.

Citing his personal life philosophy, he recalled that he begins with God the creator; proceed with Him; trust, follow and Obey Him daily and totally rely on Him for the outcome.

“Your responsibility leads to your status. Without responsibility no status. If you don’t know your responsibility people will push you to the wrong part,” he said.

The  distinguished diplomat, academic and corporate leader,  noted that change is inevitable but good principles remain constant.

“Times change -and so do many other things; Good principles remain constant. Leaders are tenants of time.”

The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.

“People look at status rather than responsibility..

He noted that every human activity faces at least four questions: the What, How, Who and Why.

He urged the audience to  consider the following seven simple principles:

“This business company gives something to people.“People are seeking to obtain some value that they consider to be of appropriate quality and worth to themselves.

“People make business resources productive. “Each person can give or demand his/her best.

“People can usually do better because they can (desire to) learn and apply the fruits of learning.

“Success, failure and mistakes are learning opportunities.

“The Company does not perform better than its people.” He emphasised that people go the extra mile for the benefit of the company.

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Business

Dangote refinery gets new CEO

David Bird is the former head of Oman’s Duqm Refinery

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The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the former head of Oman’s Duqm Refinery, as its new Chief Executive Officer.

A report by S&P global on Friday said, Bird heads the refinery’s petroleum and petrochemicals division in a strategic move to overcome production challenges and advance its next wave of expansion.

Effective from July 2025, the former Shell head of operations at its Balau Pokom refinery stepped in as CEO of the Dangote Group’s fuels and petrochemicals business, which commissioned the world’s largest single-train refinery last year.

The CEO participated at the just concluded Dangote Leadership Development Program Graduation Ceremony.

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Trump Imposes 15% tariff on Nigerian Imports

Under the revised tariff schedule:15% tariffs now apply to Nigeria, Angola, Ghana, South Korea, Turkey, Japan, Israel, Norway, and several others.10% tariffs target countries such as the Falkland Islands, the United Kingdom, and others not explicitly listed.

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US President Donald Trump has approved a 15 percent import tariff on Nigeria and dozens of other countries.

The White House announced the implementation of the new reciprocal tariff rates on Thursday.

In April, Trump imposed a 14% tariff on Nigerian imports, citing the need for fairer trade terms.

That move was followed by a 90 – day grace period to allow time for bilateral trade negotiations, pushing the final decision deadline to August 1.

However, the majority of talks failed to result in new trade agreements.

As a result, the new tariff rates are now being implemented, with Nigeria among dozens of countries facing increased duties under the revised plan.

African countries, including Nigeria, were unable to secure individual trade deals with the United States despite urgent efforts from both sides.

During the negotiation window, Trump also reintroduced travel restrictions targeting several African nations. Though Nigeria was initially exempt, it was later added to the list as the policy evolved.

Under the revised tariff schedule:15% tariffs now apply to Nigeria, Angola, Ghana, South Korea, Turkey, Japan, Israel, Norway, and several others.10% tariffs target countries such as the Falkland Islands, the United Kingdom, and others not explicitly listed.

Tariffs climb to 18% for Nicaragua, 19% for countries like Indonesia and Pakistan, and 20% for countries like Indonesia and Pakistan, and 20% for Bangladesh, Vietnam, and others.

10% tariffs target countries such as the Falkland Islands, the United Kingdom, and others not explicitly listed.Tariffs climb to 18% for Nicaragua, 19% for countries like Indonesia and Pakistan, and 20% for Bangladesh, Vietnam, and others.

More severe penalties include 25–41% tariffs for countries like India, South Africa, Iraq, and Syria.

Switzerland faces a steep 39% duty, while Laos and Myanmar are hit with 40%.Syria tops the list at 41%.

Meanwhile, negotiations are still ongoing with China, Washington’s main trade rival.

Canada is facing a 35% tariff, while Mexico was hit with a trio of levies, including a 50% duty on metals. Brazil, previously under a 10% tariff, was slapped with an additional 40% charge on Thursday, bringing its total to 50%.

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EU accuses online giant Temu of selling ‘illegal’ products

EU regulators believe Temu is not doing enough to protect European consumers from dangerous products and that it may not be acting sufficiently to mitigate risks to users.

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The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc’s digital rules by not “properly” assessing the risks of illegal products.

AFP reports that TEMU, wildly popular in the European Union despite only having entered the continent’s market in 2023, Temu has 93.7 million average monthly active users in the 27- country bloc.

EU regulators believe Temu is not doing enough to protect European consumers from dangerous products and that it may not be acting sufficiently to mitigate risks to users.

Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform,” the European Commission said in its preliminary finding.

It pointed to a mystery shopping exercise that found consumers were “very likely to find non-compliant products among the offer, such as baby toys and small electronics.”

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