Business
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
The Meta Chief Executive Officer, Mark Zuckerberg, on Tuesday, was pictured training with UFC champions, Israel Adesanya and Alexander Volkanovski.
The picture of his training session with the UFC champions has further increased speculations on the possibility of an MMA fight between him and Twitter CEO, Elon Musk.
Recall that the prospect of an MMA showdown between the tech gurus started as an online banter some weeks back.
However, tension has heightened between the duo since Zuckerberg launched his Twitter-like app called Threads.
Threads launched on July 5, 2023, and has since gathered more than 100 million users worldwide.
However, Musk, the Tesla and SpaceX CEO believes Threads was only made possible by “cheating.”
Musk stated this while responding to a tweet reporting that Twitter was threatening to sue Facebook and Instagram’s parent company Meta for cheating with its new app Threads on Friday, July 7, 2023. Musk tweeted, “Competition is fine, cheating is not.”
As arguments heated over the new app online, the two tech moguls have once again renewed their banter challenge on having a showdown cage fight.
However, while some viewed the challenge for an MMA fight as playful banter between the influential figures, the anticipation surrounding this unlikely showdown continued to grow with both of them pictured training with MMA fighters.
Meanwhile, Zuckerberg while reacting to his picture with the UFC champions – Adesanya and Volkanovski wrote, “It’s an honour to train with you guys!”
Responding, “The Last Stylebender’ who posted photos of the training session, wrote, “No fugazi with Mark. This is Serious Business.”
Also, Volkanovski, the UFC featherweight kingpin responded, “@zuck you’re a beast! Always great to catch up.”
Musk also looks to be in a training session already as he was also spotted with UFC legend Georges St-Pierre on Tuesday, July 3, 2023.
Business
12 states harmonise new tax reforms, says Oyedele
“Let us stop using consultants to collect taxes. It undermines our ability to do what is right. The new tax law says you cannot use consultants to do the routine work of the tax authority and its autonomy must be guaranteed.”
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says that twelve states have so far adopted tax reform and harmonised the new acts with their laws.
Oyedele disclosed this during a presentation at the National Economic Council Conference in Abuja, yesterday.
Oyedele said that besides the 12 states, 13 states have the bills in their houses of assembly, while 11 states are in the final stages of presenting the bills.
He said it was important for the states to adopt and harmonise the new tax laws with their state tax laws to avoid multiple taxation.
He advised state governors to grant their internal revenue agencies autonomy.
“Let us stop using consultants to collect taxes. It undermines our ability to do what is right. The new tax law says you cannot use consultants to do the routine work of the tax authority and its autonomy must be guaranteed,” he said.
Business
Heineken to cut global workforce by 6,000 as beer demands falter
There are fears that Nigeria would be impacted as the company revealed that the cuts would be focused on non-priority markets offering fewer growth prospects.
• Heineken
Global brewer, Heineken, yesterday, said it would retrench 6,000 staff out of its 87,000 global workforce this year as it grapples with weak demand and rising costs.
The second biggest brewer by market value has promised to deliver higher growth with less resources as it looks to assuage investors who said it has fallen behind on efficiency.
This is coming right after the surprise January resignation of its current Chief Executive Officer, Dolf van den Brink, leaving the company scrambling for a new CEO.Also, sales across the sector are faltering amid strained consumer finances, geopolitical turbulence and bad weather.
The company said this productivity drive will unlock savings and reduce its global head count by 5,000 to 6,000 positions over the next two years, roughly seven percent of its global workforce of 87,000 people.
The company’s head of finance, Harold van den Broek, added that they are doing this to strengthen operations and to be able to invest in growth.
There are fears that Nigeria would be impacted as the company revealed that the cuts would be focused on non-priority markets offering fewer growth prospects.
He added that further cuts would also result from previously announced initiatives targeting Heineken’s supply network, head office and regional business units.
Outgoing-CEO van den Brink, who steps down in May, said that there was no update on the brewer’s search for a successor.
Along with weak demand, brewers are facing long-term declines in beer sales in some key markets, dented by issues such concerns over the health impact of alcohol consumption.
Heineken expects slower profit growth for 2026 of between 2 and 6 per cent against the 4 to 8 per cent growth it guided for last year.
Business
NAFDAC : FG directive to halt enforcement on sachet alcohol’s “False, Misleading “
“At no time has the Agency received any formal directive ordering the suspension of its regulatory or enforcement activities in respect of sachet alcohol products.”
The National Agency for Food and Drug Administration and Control (NAFDAC) has dismissed as false reports claiming that the Federal Government directed it to suspend enforcement actions against sachet alcohol and 200ml PET bottle alcoholic products.
In a statement signed by Mojisola Adeyeye, its director general, the agency described the publication as “false and misleading,” stressing that it had received no official communication from the Federal Government ordering such a suspension.
NAFDAC stated that it operates strictly within its statutory mandate and only acts on formally communicated government policies and directives.
According to the agency, “At no time has the Agency received any formal directive ordering the suspension of its regulatory or enforcement activities in respect of sachet alcohol products.”
The regulator reaffirmed its commitment to public health protection, regulatory compliance, and transparency in carrying out its responsibilities in line with established laws and due process. It emphasised that any decision affecting national regulatory actions would be conveyed through official government communication channels.
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