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Heineken to Sack 8,000 Staff Amid Declining Sales

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By Ahmed Rahma

The Dutch brewing giant, Heineken, has declared that it would reduce its workforce worldwide by 8,000 as sales dropped due to the global pandemic caused b COVID-19.

The world’s number two brewer after Belgian-Brazilian AB InBev made the declaration to slash nearly 10 per cent of it workforce on Wednesday.

Heineken had announced in October that restructuring was needed to reduce personnel costs but gave no figure for layoffs at the time.

In a statement on Wednesday, the company said, “The overall restructuring programme will reduce our employee base by (about) 8,000 people. This includes cutting jobs at the head office in Amsterdam while other layoffs would depend on local circumstances.

“Heineken’s reshaping plan includes a focus on its iconic green-bottled namesake brand, plus fewer, bigger bets in local premium brands,” the statement further said.

Heineken reported a net loss of €204 million ($247 million) for 2020, compared with a net profit of €2.1 billion a year earlier, while sales fell 17 per cent to €23 billion as COVID-19 restrictions keep bars and restaurants closed in some countries where the firm operates.

The company’s CEO, Mr Dolf van den Brink, who took charge last April, said it had been a year of unprecedented disruption and transition for the company.

The Dutchman said the layoffs were part of efforts to reshape Heineken, whose brands include Strongbow and Amstel, targeting €2 billion of savings by 2023.

“The COVID-19 pandemic and governments’ measures continue to have a material impact on our markets and business,” he stated.

The brewer’s beer sales fell 8.1 percent for the year, although its core Heineken brand only dropped 0.4 percent, significantly outperforming the total market. The brand grew double-digits in 25 markets including Brazil, China and Britain.

However, The zero-alcohol Heineken 0.0 was a rare bright spot, with single-digit growth globally.

But other brands had a mixed performance with growth for Desperados tequila-flavoured beer and a slight rise for Birra Moretti, but Amstel and Sol sales were down.

According to the CEO, Like the rest of the drinks industry, Heineken suffered from the widespread closure of drinking holes around the world.

“The impact of the pandemic on our business was amplified by our on-trade (bars, cafes and restaurants) and geographic exposure,” said Mr van den Brink.

Less than 30 per cent of outlets were operating in Europe, in particular at the end of January, he added.

The brewer, founded in the 19th century in Amsterdam, now sells more than 300 brands worldwide and employs around 85,000 people globally.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

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Tinubu Picks Joseph Tegbe to Replace Adelabu as Power Minister

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Joseph Tegbe

By Modupe Gbadeyanka

Following the resignation of Mr Adebayo Adelabu as the Minister of Power a few days ago, President Bola Tinubu has nominated Mr Joseph Tegbe as his replacement.

A statement by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed on Thursday that Mr Tegbe’s name has been forwarded to the Senate for confirmation.

His nomination is expected to strengthen further ongoing efforts to reform the power sector, enhance grid stability, and attract sustainable investment in line with the Renewed Hope Agenda.

Upon confirmation, he is expected to bring his extensive expertise to bear to advance critical reforms and deliver improved outcomes for Nigerians in the power sector.

Mr Adelabu, a former Deputy Governor of the Central Bank of Nigeria (CBN), resigned last week to pursue his dream of becoming the Governor of Oyo State.

His replacement is also from Oyo State. He is a fiscal and economic reform expert with over 35 years of experience spanning the public and private sectors, according to the statement today.

He is a former Senior Partner and Head of Advisory Services at KPMG Africa, where he led wide-ranging initiatives in fiscal policy reform, institutional transformation, and governance. He has also advised key government institutions and private sector organisations on strategic reforms, regulatory frameworks, and investment structuring.

He is at present the Director General and Global Liaison for the Nigeria-China Strategic Partnership (NCSP), where he is responsible for strengthening bilateral development cooperation between Nigeria and the People’s Republic of China.

The NCSP also coordinates engagements with public sector stakeholders to advance economic and social development in line with FOCAC objectives.

Mr Tegbe’s experience includes significant engagements within the power sector, particularly in regulatory and institutional reform involving agencies such as the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Bulk Electricity Trading Company (NBET).

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Tinubu Elevates Bianca Ojukwu to Foreign Affairs Minister

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Bianca Ojukwu

By Adedapo Adesanya

President Bola Tinubu has named Mrs Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs, the latest in the cabinet reshufflement.

Mrs Odumegwu-Ojukwu replaces Mr Yusuf Tuggar, who recently resigned to pursue the Bauchi governorship election ambition in 2027 under the All Progressives Congress (APC).

Mr Sola Enikanolaiye has been appointed as the new Minister of State for Foreign Affairs, the position previously occupied by Mrs Odumegwu-Ojukwu.

In a statement on Wednesday night, the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that until his nomination, Mr Enikanolaiye, from Kogi State, served as senior Special Assistant to the President on Foreign Affairs and International Relations.

He is a career diplomat with over three decades of service in Nigeria’s foreign service.

He has previously served as permanent secretary in the Ministry of Foreign Affairs and held diplomatic postings in Addis Ababa, Ethiopia, Belgrade, Ottawa, London and New Delhi.

President Tinubu said the appointments are part of efforts to strengthen Nigeria’s foreign policy architecture, improve efficiency and deepen global engagement.

He urged the appointees to promote Nigeria’s national interest, advance economic diplomacy, strengthen regional stability and ensure the welfare of Nigerians abroad.

“The President noted that these appointments are part of ongoing efforts to reposition Nigeria’s foreign policy architecture for greater efficiency, strategic engagement, and stronger global partnerships,” the statement read.

Recent ministerial changes under President Tinubu reflect a cautious but deliberate attempt to recalibrate governance and strengthen economic management. In a minor cabinet reshuffle approved in April 2026, key portfolios were affected, most notably the removal of Finance Minister, Mr Wale Edun; and the Housing Minister, Mr Ahmed Musa Dangiwa.

Their exits paved the way for new appointments, including the elevation of Mr Taiwo Oyedele to oversee the critical finance ministry, a move widely interpreted as an effort to inject fresh direction into the country’s economic policy framework.

Beyond the cabinet reshuffle, the administration has also undertaken broader leadership adjustments across strategic sectors, particularly in energy and regulation, signalling a pattern of continuous review within government ranks, including the replacement of Mr Saidu Mohammed with Mr Rabiu Umar as the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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Tinubu Sacks Saidu Mohammed, Appoints Dangote Cement’s Rabiu Umar as NMDPRA CEO

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NMDPRA fee regulations

By Adedapo Adesanya

President Bola Tinubu has nominated Mr Rabiu Abdullahi Umar as the new chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), replacing Mr Saidu Mohammed.

This decision follows ongoing efforts to restructure the regulatory framework of Nigeria’s midstream and downstream oil sector.

The appointment was announced by Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, with the nomination subject to Senate confirmation.

The NMDPRA is responsible for the technical and commercial regulation of petroleum operations, including gas processing, transportation, and retail.

Mr Abdullahi, until his appointment, was the Group Sales and Marketing Director at Dangote Cement, part of the Dangote Group, which has interests in food, cement, energy, and other ventures.

He started his career in Oando Plc and rapidly rose to hold different management roles within the marketing business, and led the Sales and Marketing Transformation plan successfully.

In 2014, he moved to Lafarge Africa as the Energy and Power Director and subsequently managed the Strategy and Business Development portfolio for West Africa, where he led the development and execution of critical projects within Nigeria, Ghana and Cameroon. In 2016, he became the Managing Director/Chief Executive Officer of Ashaka Cement Plc and spearheaded the turnaround of the business until his departure in 2019 to join Dangote Industries Ltd as Group Chief Commercial Officer.

A graduate of Accounting from Bayero University, Kano and an Alumnus of Harvard Business School. He is also a member of the Institute of Directors.

According to the Presidency, Mr Abdullahi’s appointment was made pursuant to the Petroleum Industry Act 2021, aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector, in line with the Renewed Hope Agenda.

Pending Senate confirmation of the new nominee, the most senior official of the NMDPRA will oversee operations in an acting capacity.

“President Tinubu thanks the outgoing Authority Chief Executive for his service and wishes him well in his future endeavours.

“The President remains committed to ensuring capable leadership in key regulatory institutions to advance energy security, sector reform, and sustainable economic growth,” the statement added.

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