Business
Nigerian Breweries appoints Emmanuel Oriakhi as Sales Director
Emmauel Oriakhi joined Nigerian Breweries PLC in 2003 as a Commercial Management Trainee, where he has held increasingly senior roles within the Commercial Function of Nigerian Breweries and HEINEKEN N.V as an international assignee.
As the Sales Director, he is expected to lead the sales team in driving excellent trade execution, enhancing customer experiences, and increasing distribution efficiency and sales productivity.
Nigerian Breweries Plc has appointed Emmanuel Oriakhi as the Sales Director of the company.
The appointment was conveyed through a statement issued and signed by the Managing Director, Hans Essaadi.Since November 2024, Emmanuel has been leading the Sales Function in an interim capacity alongside his responsibilities as Marketing Director.
He is expected to continue to oversee the Marketing Function until 1st June when a new Marketing Director will take over.
As Sales Director, he is expected to lead the Sales team in driving excellent trade execution, enhancing customer experiences, and increasing distribution efficiency and sales productivity.
He will continue to spearhead initiatives aimed at sustaining a future-ready sales workforce by enhancing sales capabilities, championing Women in Sales (WIS) programs to advance diversity, equity, and inclusion, and fostering a leading innovative culture that ensures the company wins beyond limits in an increasingly volatile environment.
In that same role, he is responsible for managing the reintegration of Trade Marketing and Key Accounts from Marketing back to Sales to create a more holistic and fit-for-purpose Sales organization.
Until his assumption into the new role in official capacity, Emmanuel holds sway as Marketing Director, a position he has held since September 2018, leading successful innovations across the portfolio, including Desperados, Zagg, Legend Twist, Goldberg Black, and Heineken 45cl.
He championed the organisation’s premium drive, shaping its value strategy and boosting brand power for Heineken, Tiger and Desperados over the past couple of years.
Emmauel Oriakhi joined Nigerian Breweries PLC in 2003 as a Commercial Management Trainee, where he has held increasingly senior roles within the Commercial Function of Nigerian Breweries and HEINEKEN N.V as an international assignee.
Under his leadership, the team won the HEINEKEN Global Commercial Assertiveness Award for relaunching regional brands, stabilizing market share growth in Nigeria.
As a member of the management team, he has consistently fostered talent development by encouraging his team to pursue learning opportunities through stretching projects and Short-Term Assignments (STAs) within global and regional commerce teams.
Business
Illicit Financial Flows Draining National Resources – Adedeji
He emphasized the need to strengthen Nigeria’s domestic resource mobilisation to safeguard national wealth.
•Chairman of FIRS, Zacch Adedeji
On July 22, 2025, the Executive Chairman of FIRS, Zacch Adedeji, delivered the welcome address at the National Conference on Illicit Financial Flows in Abuja.
He emphasizied the need to strengthen Nigeria’s domestic resource mobilisation to safeguard national wealth.
He cited the recent tax reforms as a major step forward and highlighted the following as key points in his welcome address:
* Illicit Financial Flows through tax evasion, profit shifting and money laundering are draining national resources and threatening fiscal stability.
- The recent signing of four tax reform bills marks a critical step toward transparency, system overhaul, and stronger institutions.
- FIRS is responding with a multi-dimensional strategy: promoting voluntary compliance, embracing digital intelligence and enhancing enforcement under the Proceeds of Crime Act.
- * A need for unified, data-driven, and globally coordinated action to close fiscal gaps and protect Nigeria’s economic future.
Business
Just in: CBN Retains July Interest Rate at 27.5% , Says 8 banks meet recapitalisation target
The Governor of CBN, Mr. Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon.
The Central Bank of Nigeria (CBN) has maintained the July Monetary Policy Rate (MPR) of 27.5 percent with all policy parameters.
The Governor of CBN, Mr. Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon.
Mr Cardoso explained that the asymmetric corridor was retained at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity Ratio of 30 percent.
He said that the decision to maintain the current MPR was premised on the need to continue to ensure the ongoing inflation reduction while vigorously ensuring declining prices.
The CBN boss revealed that as of July 18, the nation’s foreign reserve stood at 40.1 billion, which could provide import cover of nine and a half months.
He also disclosed that eight banks had achieved the new recapitalisation requirements.
The governor said the monetary and fiscal authorities would continue to work together to reduce the nation’s inflation rate to a single digit.
Business
NCS Replacing 4% import charges with 1% CISS import levy
Adeniyi explained that the one percent CISS levy has been in place for several years and has been instrumental in facilitating trade and generating revenue for the government.
The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensive Import Supervision Scheme (CISS) levy.
The Comptroller -General of Customs (CGC), Adewale Adeniyi, made the revelation at an engagement held in Lagos to sensitize stakeholders in the B’Odogwu platform.
The CGC who is also the Chairperson of the World Customs Organization (WCO) explained that, though the introduction of the 4 percent FOB had been enshrined in the constitution.
He noted that the decision to reintroduce the levy was made after careful consideration and consultation with relevant stakeholders.
Adeniyi explained that the one percent CISS levy has been in place for several years and has been instrumental in facilitating trade and generating revenue for the government.
Illicit Financial Flows Draining National Resources – Adedeji
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