Pepsi Set Out To Cut Down On Sugar In Its Beverages


In 2015 almost half of PepsiCo’s $63 billion in revenue came from beverage sales alone. However, Pepsi says its out to cut sugar from its beverages. The company on Monday disclosed that two-thirds of its single serving drinks will have 100 or fewer calories by 2025 as it cuts back on sugar in its beverages while also pointing out that less than 40% of its drinks contains 100 calories or fewer currently.

The beverage company maintained the much needed change is coming on the heels of new dietary guidelines from the World Health Organizationand and shifting consumer needs.

Pepsi made public its resolve to quit using aspartame as an artificial sweetener  due to declining sales and health concerns as scientific surveys have linked artificial sweeteners to diabetes and obesity.

Heretofore, PepsiCo could not keep the pace as it reintroduced aspartame to some products in September, citing consumer demands as a reason. Coupled with its commitment to cut calories in its sugary drinks over the next 10 years, Pepsi also said it would reduce levels of saturated fat and sodium in the majority of its products.


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Aisha Abubakar Minister seeks U.S. support to attract investors into Nigeria

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Hajiya Aisha Abubakar, the Minister of State for Industry, Trade and Investment, has called on the U.S. to support Nigeria to attract more investors into the country. Abubakar made the call when the officials of Nigerian- American Chamber of Commerce paid her a courtesy visit in Abuja on Friday. ``America is a world leader in terms of investment and we will need your support in assuring investors that Nigeria is open and safe for business,’’ she said. Abubakar said there has been a lot of improvement in the relationship between the two countries in the last one year. She added that the country has put in place strategies to improve on its ranking on doing business. ``I thank you for the support in the area of doing business because as a result the easy of doing business committee has been constituted by President Muhammadu Buhari,’’ Abubakar said. She thanked the group for inviting and sensitising the ministry on the forthcoming U.S.-Nigeria Finance conference coming up in October. Abu...
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