Friday, March 10, 2017

Krispy Kreme to open in Nigeria

Krispy Kreme Doughnut Corporation on Wednesday announced a development agreement with Quality Foods Africa. The agreement will bring 20 Krispy Kreme shops to Nigeria over a period of five years.

“We are thrilled to be expanding into Nigeria, and we are fortunate to be working with an exceptional group,” the Vice President of International at Krispy Kreme Doughnuts, Michael McGill said.

“The joy of a Krispy Kreme doughnut and coffee is beloved all over the world, and we cannot wait to introduce that joy to the people of Nigeria over the next several years.”

According to Business Week, Quality Foods Africa (QFA) is an African quick service restaurant business focused on providing a dining experience in accordance with top global standards and service quality to Africa’s rapidly growing consumer markets.

“We are delighted to be able to bring the Krispy Kreme brand to Nigeria,” the CEO of QFA, Edmond Sassine said.

“Nigeria is a huge market and we are truly excited about bringing the world’s best doughnuts to one of Africa’s biggest economies.”

This development agreement will make Nigeria the 31st nation with a Krispy Kreme presence worldwide. Nigeria is the second African nation to open Krispy Kreme shops. Krispy Kreme made its African debut in South Africa in 2015.

Krispy Kreme Doughnut Corporation is a global retailer of premium-quality sweet treats, including its signature original glazed doughnut. Headquartered in Winston-Salem, North Carolina, U.S.A., the company has offered the highest-quality doughnuts and coffee since it was founded in 1937.

Video - Air passengers struggle as Abuja airport closes for repairs



People travelling to Abuja will have to fly to an airport several hours away in the north of the country and then go by bus, accompanied by armed guards to the city.



Video - Nigeria government assures that country will overcome recession by end 2017




The Nigerian government hopes that the economy will be back on the growth path, and out of a recession by December. The Budget Minister, Udoma Udo Udoma, says that policies needed to ensure that happens are being put in place. He emphasized the need for the 2017 budget to be passed quickly so that its implementation can begin. Nigerian legislators are currently debating the proposed spending plans, for this fiscal year.

Video - President Buhari returns to Nigeria after a 2 month medical leave


Nigerian President Muhammadu Buhari has arrived back home. The president is said to have touched down at the new Kaduna international airport early Friday, amid tight security. Buhari has been on medical leave in London for nearly two months. No official pictures of him or his meetings in London had been posted until Thursday.

The presidency released photographs of him meeting the Archbishop of Canterbury Justin Welby. The 74 year old originally planned to stay in London for 10 days. He however, extended his stay twice, saying he needed further rest. His absence sparked concerns as rumours about his health continued to swirl. Vice President Yemi Osinbajo has been in charge during his absence.

Thursday, March 9, 2017

Video - Nigeria to start leasing national airports to private investors




Nigeria government says it would soon start leasing out all its airports to private investor management. The aviation ministry says the concession plan is aimed at modernizing infrastructure and management in Nigeria Airports.