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Coca-Cola Nigeria System to Invest N560b in 5 years, Flags off 70th Anniversary

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L-R: Ekuma Eze, Public Affairs & Communications Director, Nigerian Bottling Company (NBC) Ltd.; Matthieu Seguin, Managing Director, Nigerian Bottling Company (NBC) Ltd.; Alfred Olajide, Managing Director, Coca-Cola Nigeria Limited and Amaka Onyemelukwe, Public Affairs & Communications Director, Coca-Cola Nigeria Limited, at the press briefing held today to flag off activities marking the 70th anniversary of the The Coca-Cola System in Nigeria.
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The Coca-Cola System in Nigeria, comprising Nigerian Bottling Company (NBC) Limited and Coca-Cola Nigeria Ltd, has flagged off activities marking its 70th anniversary celebration in Nigeria, with commitment to invest N560 billion in five years.

This was announced Thursday at a press briefing with key NBC and Coca-Cola Nigeria executives in attendance.

The Coca-Cola System, through the bottling arm NBC, was incorporated in 1951. Today the Coca-Cola system is a leader in the non-alcoholic category with a rich portfolio of brands and array of options across its product offering.

The system has kept growing with its customers with a stated vision to provide a beverage for every occasion around the clock, while positively impacting the nation and economy.

With 8 manufacturing plants, over 7000 dealers, skilled and dedicated employees, and a sophisticated distribution system across Nigeria, there is practically no community in Nigeria where a cold bottle of Coca-Cola is not within the close reach of consumers.

Commenting on the 70th anniversary milestone, Mathieu Seguin, Managing Director of NBC, said, “As we continued to grow, we have been very deliberate about investing heavily to make a positive impact in the lives of people in communities where we work and operate. We believe that our business is only as sustainable as the communities in which we do business, and this is why we have mainstreamed sustainability into every aspect of our business.

“For perspective, in the last 10 years alone, the Coke System has invested more than 9 billion naira in lifting the living standards of communities where we do business in Nigeria, through locally relevant initiatives.

Some of the areas we have had the most impact have been in education and youth development, women empowerment, water, environmental sustainability, sports and the promotion of commerce and entrepreneurship.”

Seguin went on to share some of the impact and notable accomplishments of the Coca-Cola system over the years. In youth development, the System has trained over 30,000 youths on entrepreneurship and employability skills across different cities in Nigeria in the last 5 years.

Under Education, its Tech Relevant Teacher (TRT) project has impacted 24,000 school pupils, with 648 school leaders and teachers trained and several classrooms blocks constructed or renovated in over 30 public schools in the last 5 years,  impacted over 30,000 students.

With regards to women development, from 2015 to 2019 alone the Coca-Cola 5by20 program impacted over 470,000 women, with 38,000 women supported to start up their own medium, small or micro businesses as Coca-Cola Distributors or Retailers.

The Lady Mechanic Initiative empowered 100 vulnerable young women with vocational, entrepreneurial and life skills, and equipped them to become certified professional automobile mechanics.

Furthermore, the Safe Birth Initiative, a wellbeing programme to support the efforts of the government towards reducing the alarming numbers of deaths by women and new-born babies from birth-related complication has impacted over 12,000 Mothers and Babies since inception.

Speaking also at the event, Alfred Olajide, Managing Director of Coca-Cola Nigeria remarked that, “Anniversaries are an important part of life. They remind us of important events, both personal and cultural.

“This celebration not only gives us an opportunity to look back at the brand’s storied history in Nigeria but is also an opportunity to highlight our plans for the future. This milestone anniversary is a testament to the possibilities and shared opportunities we have created in this great country.

Beyond an anniversary, this is a story of a company building and establishing long-lasting relationships with diverse groups, individuals, and organisations in a bid to ensure a better-shared future; it is years of system investments that have ensured the oiling of this country’s economic gears; it is years of initiatives that have ensured and fostered community resilience in communities seeking our intervention; it is years of instilling hope, open happiness, positive feelings and the magic of community in audiences.”

The 70th anniversary celebration will run all through the remaining part of 2021 with a line-up of activities designed to celebrate the milestone with the Coca-Cola System’s consumers, customers, employees, partners and the general public for their support towards the growth of the business which include the Anniversary Stakeholder Event, consumer seeding/giveback programmes among others.

“In emphasizing our current Real Magic philosophy, we will be kickstarting The Nigerians of Coca-Cola campaign, which will serve to tell a visual story of a diverse set of people across key regions in the country with different struggles and positive histories with Coca-Cola.

“These are people that have directly benefited from The Coca-Cola System’s sustainability initiatives – from our value system to our key programme areas such as women and youth empowerment, waste, wellbeing, and water stewardship.

“Through this activity, we will also highlight the long-term impact these partnerships and initiatives have had on the communities and individuals.

“To share fun and interesting stories about our beverages, we are also launching the My Coke Moments campaign, to encourage customers and stakeholders across demographics to share nostalgic moments and memories with their online network of friends.

“This further demonstrates Coca-Cola’s cultural relativism in Nigeria and showcases the brand’s longevity and love in the country

“We have also planned Share a Trip with Coke which is an activity that will be spreading Real Magic across four key Nigerian cities.

“Coca-Cola branded buses will be on major routes in Lagos, Kano and Port-Harcourt, and lucky customers that get on the buses will be rewarded with free rides and exclusive brand merchandise.

“To cap off the exciting activities, we will close the celebration with a celebratory dinner in November 2021 to delight our varied stakeholders”.

At the event, the Coca-Cola System presented Socio-Economic Impact Report for 2015-2019 which summarises the impact of the system, the value it has contributed to the Nigerian economy and the investments it is making in communities.

According to Mr. Seguin, “since 2007, we have invested $1.7billiion in the country and we will be investing an additional N560 billion or $1b in our operations in Nigeria.

“In the last five years, the Coca-Cola system has also supported the creation of 58,000 jobs along its value chain”.

In closing, Olajide remarked that, “as we prepare for more decades of excellence and enriching moments, I believe that there are opportunities for us to learn more, listen more, and continue to tailor our beverage solutions, to provide our consumers the brands they love at the different phases of their lives, done sustainably for a better shared future.

We will continue to enable economic empowerment for the people who need it most – downstream and upstream of our supply chain to truly uplift future generations.

Our environmental, social, and governance (ESG) goals are embedded in how we operate as a business – it has been the history and legacy of the business in Nigeria, and our consumers should not expect anything less than the promise of quality, personalization, and the optimism that our beverages inspire.”

Olajide noted that Coca-Cola has always been in the forefront of corporate support for the development of football in Nigeria. Over 10,000 players, from 500 schools and 50 celebrity football coaches have participated in the Copa Coca-Cola programme which has reached the 36 States and the FCT, Abuja since it launched in Nigeria in 2009.

In addition, on January 17, 2018, Coca-Cola Nigeria Limited announced its partnership with Nigeria Football Federation (NFF) as the Official Soft Drink Company and Sponsor of all the Nigeria National Football teams.

The partnership is worth $4 million and will run for five years. Partnerships such as these have brought the FIFA World Cup trophy to Nigeria three times, as part of the FIFA World Cup™ Trophy Tour and have given many consumers the opportunity to travel and watch football tournaments live.

Sustainable manufacturing was also highlighted as an ongoing priority for the System, with a focus on Energy use reduction, Water use reduction, Emissions reduction and World Without Waste through investments made in installations such as Combiner Heat and Power plant, Effluent treatment plants and hybrid solar power installations in its manufacturing plants.

The system also reinforced its global commitment to make all consumer packaging 100% recyclable by 2025 and to enhance the collection of all packaging material by 2030 through its World Without Waste program.

 


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BlueNoroff Targets Eecutives on Windows and MacOS Using AI-driven Tools

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At the Security Analyst Summit in Thailand, Kaspersky’s Global Research and Analysis Team (GReAT) unveiled the latest BlueNoroff APT activity through two highly targeted malicious campaigns ‘GhostCall’ and ‘GhostHire’. The ongoing operations have been targeting Web3 and cryptocurrency organisations across India, Turkiye, Australia and other countries in Europe and Asia since at least April 2025.

BlueNoroff, a subdivision of the notorious Lazarus group, continues to expand its signature ‘SnatchCrypto’ campaign, a financially motivated operation which targets crypto industries worldwide. The newly described GhostCall and GhostHire campaigns employ new infiltration techniques and customised malware to compromise blockchain developers and executives. These attacks affect macOS and Windows systems as primary targets and are managed through a unified command-and-control infrastructure.

The GhostCall campaign focuses on macOS devices, beginning with a highly sophisticated and personalised social engineering attack. The attackers reach out via Telegram, impersonating venture capitalists and in some cases using compromised accounts of real entrepreneurs and startup founders to promote investment or partnership opportunities. The victims are invited to fake investment meetings on phishing sites mimicking Zoom or Microsoft Teams during which they are prompted to “update” their client to fix an audio issue, this action downloads a malicious script and deploys a malware infection on the device.

“This campaign relied on deliberate and carefully planned deception. Attackers replayed videos of previous victims during staged meetings to make the interaction appear like a real call and manipulate new targets. The data collected in this process is then used not only against the initial victim but also exploited to enable subsequent and supply-chain attacks, leveraging established trust relationships to compromise a broader range of organisations and users,” comments Sojun Ryu, security researcher at Kaspersky GReAT.

Attackers deployed seven multi-stage execution chains, four which were previously unseen, to distribute a range of new customised payloads, including crypto stealers, browser credential stealers, secrets stealer, and Telegram credential stealers.

In the GhostHire campaign the APT targets blockchain developers by posing as recruiters. Victims are tricked into downloading and running a GitHub repository containing malware, presented as a skill assessment. GhostHire shares its infrastructure and tools with the GhostCall campaign, but instead of using video calls, it focuses on approaching hands-on developers and engineers through fake recruitment. After initial contact, victims are added to a Telegram bot that delivers either a ZIP file or a GitHub link, along with a short deadline to complete the task. Once executed, the malware installs itself on the victim’s machine, customised for the operating system.

The use of generative AI has enabled BlueNoroff to accelerate malware development and refine its attack techniques. The attackers introduced new programming languages and added additional features, complicating detection and analysis tasks. It further enables the actor to manage and expand its operations, increasing both the complexity and scale of attacks.

“Since its previous campaigns, the threat actor’s targeting strategy has evolved beyond simple cryptocurrency and browser credential theft. The use of generative AI has significantly accelerated this process, enabling easier malware development with reduced operational overhead.

“This AI-driven approach helps to fill the gaps in available information, enabling more focused targeting. By combining compromised data with AI’s analytical capabilities, the scope of these attacks has expanded. We hope our research will contribute to preventing further harm,” comments Omar Amin, senior security researcher at Kaspersky GReAT.

 


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Moniepoint Unveils Nigeria’s First Informal Economy AI Chatbot, As FG Lauds Fintech Giant for Powering Business Growth Across the Country

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L-r: Senior Special Assistant to the President on Digital Media and Emergency Management (OVP), Ahmed Ningi, Managing Director, Moniepoint MFB, Babatunde Olofin, Hon Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole and Special Adviser to the President on Job Creation & MSME, Temitola Adekunle-Johnson at the launch of M in Abuja recently.
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Moniepoint Inc, Africa’s leading business payments and personal banking servicing platform, has launched “M”, Nigeria’s first artificial intelligence-powered chatbot dedicated to demystifying the informal economy, while earning commendations from the Federal Government for its decade-long commitment to driving financial inclusion and business growth across Africa’s most populous nation.

Speaking at the launch of the second edition of Nigeria’s Informal Economy Report powered by Moniepoint, Vice President Kashim Shettima represented by Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment noted that the informal economy lies at the heart of Nigeria’s story of resilience, creativity, and enterprise, from market traders to artisans, service providers, and young digital entrepreneurs.

“Millions of Nigerians power commerce daily in ways that are unseen yet indispensable to our economy. This report gives an important window into the challenges and opportunities within the sector. It provides a stronger foundation for inclusive, evidence-based policymaking.

“The Tinubu-led administration places high priority on the informal sector, which has remained central to Nigeria’s economic resilience. I commend Moniepoint for its decade-long contribution to financial inclusion, supporting millions of informal businesses across Africa”, she said.

To bring the report’s insights to life, “M,” a friendly, AI-powered guide that helps users explore and understand Nigeria’s informal economy. Built on cutting-edge Large Language Model (LLM) technology, M provides conversational and easy-to-understand responses to complex queries. It represents Moniepoint’s belief that technology should serve people, especially the everyday entrepreneurs who keep the economy moving. “M” is designed to make data on small businesses and informal trade accessible, useful, and actionable for everyone from policymakers and researchers to journalists and the general public.

In his welcome remarks, Babatunde Olofin, Managing Director, Moniepoint MFB, noted that the Bank’s focus lies in providing millions of these informal operators with the tools they need to thrive sustainably.

“This year’s report dives deeper into unemployment, taxation, savings behavior, and business operations within the informal economy, and what we’ve found paints a picture of both resilience and fragility. These insights remind us that the informal economy is not just a tool for survival but a living ecosystem of innovation and adaptation.

“We are determined to help shape a more inclusive and sustainable Nigeria, not just for today, but for generations yet unborn. The informal economy is not the shadow of our nation’s progress, it is its pulse. Our job is to make sure it beats stronger”, he said.

The launch event also served to mark a significant milestone as Moniepoint commemorates 10 years of service to now over 10 million active businesses and individuals, processing more than one billion transactions monthly and facilitating payments exceeding $22 billion. The company aims to strengthen public-private collaboration in building a more data-driven, inclusive, and digitized economy aligned with Nigeria’s Renewed Hope Agenda of achieving a $1 trillion economy by 2030.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has grown from building financial solutions and infrastructure for Nigeria’s major banks to becoming the nation’s largest business payments platform and leading merchant acquirer, providing an all-in-one banking platform offering payments, banking, credit, business tools, and cross-border payment solutions.

Hon. Ayodele Olawande, Minister, Federal Ministry of Youth Development represented by Mrs. Ebiho Agun, Technical Adviser commended Moniepoint for its commitment to understanding and illuminating the dynamics of a sector that, though often overlooked, but remains the backbone of our national economy.

“While Moniepoint has aptly drawn attention to the vast potential of the informal economy, largely powered by youth, it is clear that realizing this potential requires strong synergy among government, private sector players, financial institutions, and development partners.

“Together, we must move from insight to action, designing and implementing strategies that will enable informal enterprises to access finance.”

During a panel session which was moderated by Vice President, Corporate Affairs, Moniepoint Inc, Didi Uwemakpan with the theme: Building an inclusive and sustainable economy for Nigeria, the panelists which included Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities, SANEF, Chinasa Collins-Ogbuo, Head, Inclusion for All Initiative, Enhancing Financial Innovation & Access (EFInA); Charles Odii, Director-General, Small and Medium Enterprises Development Agency of Nigeria  and MD, Moniepoint Microfinance Bank were emphatic about the need to increase access to finance, markets, and other structured interventions for the informal economy.

Speaking to its partnership with Moniepoint on the report, DG, SMEDAN expressed satisfaction that the report shows real progress with more businesses formalizing, accessing finance, and using digital tools, while acknowledging some challenges that persist, especially around rising costs and access to affordable credit.

“We are working with our partners and under this administration’s economic agenda to close these gaps: free CAC registration for 250,000 small businesses, a partnership with SEC to list 1,000 SMEs on the capital market, and new shared industrial hubs that make it cheaper to run a business. We are also working with state governments to deepen access to affordable finance and complement efforts of the Federal Government to create a regulatory environment that supports the growth of small businesses,” he said.

Some of the dignitaries who attended the event include Special Adviser to the President on Job Creation & MSME, Temitola Adekunle-Johnson, Senior Special Assistant to the President on Digital Media and Emergency Management (OVP), Ahmed Ningi, Registrar/ Chief Executive, The Chartered Institute of Bankers of Nigeria, Akin Morakinyo, Mohammed Bagudu, Special Adviser on Stakeholder Management and Finance, Federal Inland Revenue Service (FIRS), Deputy Director, Digital Economy, National Information Technology Development Agency (NITDA) Dr. Amina Sambo-Magaji, National Coordinator of the Office for Nigerian Digital Innovation (ONDI), and Investment Officer. IFC. Meissa Gueye.

Moniepoint’s transformative impact has earned recognition on the Financial Times’ Africa’s Fastest-Growing Companies list, TIME100 Most Influential Companies list, and CNBC’s World’s Top Fintech Companies. The Central Bank of Nigeria honored Moniepoint as Financially Inclusive Fintech of the Year, while the company received SME Microfinance Bank of the Year awards at the BusinessDay Banks & Other Financial Institutions (BAFI) Awards in both 2024 and 2025.


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Musk Launches Grokipedia to Rival Wikipedia

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Elon Musk’s company xAI has launched Grokipedia to compete with online encyclopedia Wikipedia, which he has accused of ideological bias.

Musk Launches Grokipedia to Rival Wikipedia

Elon Musk

The site dubbed version 0.1 had more than 885,000 articles by Monday evening, compared to Wikipedia’s more than seven million in English.

The launch came with the promise of a newer version, 1.0, which Musk said would be “10X better” than the current live site, which he claimed is already “better than Wikipedia.”

“The goal of Grok and Grokipedia.com is the truth, the whole truth, and nothing but the truth. We will never be perfect, but we shall nonetheless strive towards that goal,” he said on X following the launch.

Grokipedia’s release had been marked down for the end of September, but was delayed by the US entrepreneur to “purge out the propaganda,” Musk said in a separate X post.

Musk has been a regular critic of Wikipedia.

In 2024, he accused the site of being “controlled by far-left activists” and called for donations to the platform to cease.

In August, he said, “Wikipedia cannot be used as a definitive source for Community Notes, as the editorial control there is extremely left-biased.”

The content of Grokipedia is generated by artificial intelligence (AI) and the generative AI assistant Grok.

A Grokipedia article about Musk states that the Tesla and SpaceX CEO has “influenced broader debates on technological progress, demographic decline, and institutional biases, often via X,” amid what the page says are “criticisms from legacy media outlets that exhibit systemic left-leaning tilts in coverage.”

Created in 2001, Wikipedia is a collaborative encyclopedia managed by volunteers, largely funded by donations, and whose pages can be written or edited by internet users.

“Unlike newer projects, Wikipedia’s strengths are clear: it has transparent policies, rigorous volunteer oversight, and a strong culture of continuous improvement,” a spokeswoman from Wikimedia Foundation told AFP in an email.

It claims the site is written to inform “billions of readers without promoting a particular point of view.”

When asked about the launch of Grokipedia, the spokeswoman said Wikimedia is “still in the process of understanding how Grokipedia works.”

She highlighted that Wikimedia “is – and always will be – human.”

“This human-created knowledge is what AI companies rely on to generate content; even Grokipedia needs Wikipedia to exist.”

The birth of Grokipedia has been welcomed by several right-wing figures, including hardline Russian ideologue Alexander Dugin, who described the article about him as “neutral, objective, accurate,” whereas Wikipedia’s page, according to him, is “totally biased and defamatory.”


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