🇳🇬NigeriaWest Africa
Consumer-packaged goods manufacturers face rising inefficiencies despite AI adoption push
via Punch Nigeria3 min read
A new global study by Schneider Electric reveals that consumer-packaged goods manufacturers are experiencing a significant increase in production inefficiencies, which are projected to worsen over the next decade. The survey, involving 1,453 senior executives in food, beverage, and life sciences companies, highlights a growing disparity between the industry's ambition to implement industrial AI and its current operational readiness. Inefficiencies such as downtime, production delays, rework, and quality deviations currently account for 15.2 percent of manufacturing revenue losses and contribute 20.3 percent to the final cost of products. These losses are expected to reach 29.14 percent by 2030 if current trends persist. While only 13 percent of respondents currently have AI embedded end-to-end in production, 37 percent anticipate AI will be central to operations by 2030. Neil Smith, President of CPG at Schneider Electric, noted that manufacturers are projecting a tripling of end-to-end AI adoption by 2030, alongside a significant increase in expected returns, indicating a strong sense of urgency. However, many organizations still operate with fragmented data systems and legacy infrastructure, limiting AI's effectiveness. The report also indicates a mismatch between expectations and current performance, with 70 percent of current AI deployments generating less than 20 percent ROI, despite high expectations for future returns. Key barriers to scaling AI include skills shortages
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This summary was AI-generated from a story originally published by Punch Nigeria.
UAC of Nigeria Plc has listed its N54.03bn Series 1 bond on Nigerian Exchange Limited NGX, providing the company with access to long-term capital and highlighting NGX's role as a multi-asset platform. The seven-year senior unsecured instrument, admitted to trading on April 17, 2026, has a fixed coupon of 17.35 percent and was issued under UACN’s N150bn multi-instrument programme. Priced at par with 54.03 million units at N1,000 each, the bond will mature on December 15, 2032. Investors will receive semi-annual coupon payments on June 15 and December 15 throughout the tenor. The offer closed in December 2025. The bond includes a four-year moratorium on principal repayment, after which amortisation will begin, with an option for early redemption at the issuer’s discretion. David Adonri, Vice Chairman of Highcap Securities Ltd, noted that the listing demonstrates issuers' continued ability to access long-term funding, reflecting the depth of the domestic debt market and NGX's relevance for capital raising. The transaction was arranged by Stanbic IBTC Capital Limited, Chapel Hill Denham Advisory Limited, Quantum Zenith Capital & Investments Limited, and FCMB Capital Markets Limited, with Chapel Hill Denham Securities Limited as stockbroker. Stanbic IBTC Trustees Limited served as trustee, and Africa Prudential Plc was appointed registrar. This listing underscores NGX’s evolution beyond equities, strengthening its fixed income segment.
The Super Falcons of Nigeria have moved up one place to 36th in the latest women’s world rankings but have recorded their lowest FIFA ranking points total in three years, now at 1602 points. This marks a five-point drop from December 2025 and is their lowest points return since June 2023. Despite this decline, Nigeria remains Africa’s top-ranked side, significantly ahead of South Africa, Ghana, Morocco, and Zambia. Globally, Spain holds the first position, followed by the United States and England. The team's inconsistent international schedule, including missing the April international window and reported withdrawals from planned friendlies, has contributed to the points erosion. This inactivity has raised concerns among players like Captain Rasheedat Ajibade and goalkeeper Chiamaka Nnadozie regarding preparation for the 2026 Women’s Africa Cup of Nations and subsequent 2027 Women’s World Cup qualification. The Falcons have only assembled once since qualifying for the 2026 WAFCON last October.
Former Nigeria international Mutiu Adepoju has endorsed Kelechi Iheanacho's potential return to the Super Eagles. Despite an injury-plagued season with Celtic, Iheanacho has shown a resurgence in form, scoring six goals and providing one assist in 18 appearances for the Scottish club. His recent performances, including two goals in the Scottish Cup semi-final, have sparked discussions about his national team prospects. Adepoju highlighted Iheanacho's enduring quality and experience, stating that his current form could warrant a recall if sustained. Adepoju expressed happiness about Iheanacho's improved performance at Celtic and confidence in his ability to maintain it, emphasizing the importance of experience in the national team. Iheanacho, who has 58 caps for Nigeria, previously played for Manchester City and Leicester City. His recent form, with three goals in his last three matches, underscores his sharpness. He last played for Nigeria in May during the 2025 Unity Cup, and his fitness could be a key factor as head coach Eric Chelle considers squad selections for upcoming matches against Portugal and Poland.
Christabel Chukwuonye, a 17-year-old member of the Nigeria women’s national cricket team, is recognized for her exceptional fielding skills. She was recently named Best Fielder at the 2026 Nigeria Cricket Federation Women’s Invitational Tournament, also known as the Patricia Kambarami Cup. Her critical run-out in a match against Zimbabwe U-19 demonstrated her impact, shifting momentum and restoring control for the Nigerian side. Chukwuonye's journey into cricket began through a grassroots development program in Benin City, Edo State, where her coach, Peter Esewi, introduced her to the sport. She is part of what is described as a "golden generation" of Nigerian women’s cricket, a squad known for its talent, cohesion, and shared ambition. Chukwuonye emphasizes that her involvement is about creating a legacy for Nigerian women’s cricket, not just individual achievement. Beyond cricket, she is a Public Health student, balancing academics with her athletic career. Former Female Yellow Greens captain and current assistant coach, Blessing Etim, praised Chukwuonye's structured play and hard work, noting her potential as a dangerous batter in addition to her fielding prowess. Etim highlighted that Chukwuonye's influence, though not always reflected on scorecards, is crucial to shaping match narratives and anchoring team performance.