Business
RTD canned cocktail market size to hit USD33.3bn by 2033
Future Market Insights, has forecasted that the ready-to-drink (RTD) canned cocktail market will grow from an estimated US$18.822 billion in 2023 to US$ 33.247 billion by 2033.
In Nigeria, GZ Industries Limited is a key player in the manufacturing of the RTD cans.
Future Market Insights reported that by 2033 the RTD canned cocktail market will see a 6 per cent compound annual growth rate (CAGR), rising from a slower rate of 1.5% CAGR from 2018 to 2022, with its value rising from US$ 17.018 billion in 2018 to US$ 18.098 billion in 2022.
The report revealed that this growth is driven by trends in the food and beverage industry, which is pushing manufacturers to develop high-quality cocktails with a variety of flavour options.
Said the report: “The growing popularity of RTD canned cocktails among Gen-Zers and millennials is a significant factor in this market expansion, as these beverages offer a more convenient alternative to traditional spirits.
Manufacturers are responding to this demand by creating high-quality RTD canned cocktails in a variety of flavors, including sweet, tropical, and other unique combinations, with a hint of spirits.”
Business
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Business
Airtel launches data calculator to counter depletion complaints
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said that the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
Airtel Nigeria has launched the Airtel Web Data Calculator, a new digital tool designed to help customers estimate and better understand their internet data consumption based on real-life usage patterns.
Available through Airtel’s website, the calculator enables customers to estimate data usage across common digital activities such as video streaming, social media engagement, voice and video calls, and everyday web browsing.
Speaking on the launch, Oladokun Oye, Customer Experience Director, Airtel Nigeria, said that the initiative reflects Airtel’s commitment to customer empowerment and service transparency.
“As Nigerians become increasingly dependent on digital services for work, education, entertainment and communication, it is important that customers have clear visibility into how their data is consumed.
The Airtel Web Data Calculator was developed to help our customers understand their usage patterns better, make informed choices, and enjoy greater confidence in their digital experience,” he said.
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
“The future of telecommunications will be defined not only by network investments but also by how effectively operators help customers understand and manage their digital lives. The Airtel Web Data Calculator represents a practical innovation that places more information and control directly in the hands of our customers.” He said.
Business
Kingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
Bluecode Africa, the European payments infrastructure operator backed by leading US and European institutional investors, has named Prof Kingsley Chiedu Moghalu as Chairman of the Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited as the company formally enters the Nigerian market.
The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
He led the team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.
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