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Coca-Cola Celebrates 100 Years of Going Public
Coca-Cola, arguably the world’s most popular beverage company has celebrated its 100th anniversary of its initial public offering. An investment of $40 at that time, would be worth more than $18 million today!
James Quincey, who led senior executives and Board members of Coca-Cola Company (TCCC) to the New York Stock Exchange, on Monday 9th December, rang the opening bell, in commemoration of the centenary celebration.
Speaking on the landmark achievement, James Quincey, global CEO, said, “Not many brands make it this far and not many have been able to grow at the speed that we have.
“It is a testament to the work that goes on behind the scenes and also thanks to our loyal consumers and investors across the world. It’s a big day for us and it’s a good time to look optimistically into the future.”
With strong presence in over 200 countries, The Coca-Cola Company and its beverage brands continue to drive economic growth across markets, making it one of the most recognized brands globally.
However, the incredible story of Coca-Cola goes beyond profits and revenue. Over the years, The Coca-Cola Company has taken the lead in good business, committing huge resources in laudable sustainability initiatives across its markets.
In 2009, Coca-Cola launched Replenish Africa Initiative (RAIN) to improve access to safe drinking water for African communities.
A total of over 4 million people have been impacted under this initiative. With profits comes responsibility, and The Coca-Cola Company has continued to invest; in Women through its 5by20 global program that has committed to the empowerment of 5 million women by 2020, right up to its World Without Waste campaign which has committed to retrieve and recycle equivalent of every product package by 2030.
Nigeria is not left out of the beverage giants’ good efforts. With the launch of the Safe Birth Initiative, Coca-Cola Nigeria Limited, in partnership with the Federal Ministry of Health, the Office of the Senior Special Assistant to the President on Sustainable Development Goals and an NGO, Medshare International Inc., have provided equipment and supplies, capability development of biomedical engineers as well as resuscitation and repairs of abandoned medical equipment in 15 government hospitals across the country worth a total conservative value of about $10.8 million, i.e. over N3.8 billion.
The Safe Birth Initiative is a critical intervention that aims at tackle the high rate of maternal and newborn deaths in Nigeria.
Another critical intervention in the healthcare space is the Project Last Mile – a public private partnership working to make life-saving medicines available to people who need them most, to improve access to vaccinations by strengthening public sector refrigeration, or “cold chain” capacity using our vast experience in distribution and cold chain equipment management.
This partnership is working together to create a positive cycle that builds human capital, reduces future healthcare costs, and contributes to national development.
And so, celebrations are in order even in Nigeria. As the company continues to grow despite shifting economic scenarios, its prosperity has become a beacon of hope as it stretches its wings of sustainable and humanitarian action in Nigeria and beyond.
Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.
Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.
Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.
She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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