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Is Nigeria getting a second Coca-Cola bottler?

These are interesting times in the beverage industry. It was the Greek philosopher, Heraclitus, who said that “change is the only constant in life.” The global beverage industry is moving fast to More »

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Nigeria’s Spirits market valued at $2bn

Nigeria’s spirit market is worth $2bn and growing at 6-per cent on average per year. That was the assessment of a recently published report by the United States Department of Agriculture (USDA) More »

Peak milk takes ‘PECADOMO’ campaign to neigbourhood markets across the country

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Peak milk, the country’s premier milk brand from FreislandCampina WAMCO Plc is determined to enlighten Nigerians on other ways to consume milk.

Weeks after launching the “Peak Can Do More” (PECADOMO) awareness campaign, the brand is taking the crusade across the country but starting at eight major markets around the Lagos metropolis in South Western Nigeria.

The 2016 Winner of Maltina Teacher of the Year to be announced October 20

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There is a high level of excitement and anticipation among teachers in the nation’s secondary schools and other education stakeholders as the October 20 date to reveal the 2016 winner of the Maltina Teacher of the Year draws near. In fact, Nigerians are anxiously awaiting the results of the work of the panel of judges who will choose the best teacher in Nigeria for 2016.

Nestle Nigeria appoints Mauricio Alarcon as new Managing Director

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Nestle Nigeria Plc has announced the appointment of Mr. Mauricio Alarcon as the new Managing Director of Nestle Nigeria Plc with effect from 1 October 2016. Mr. Alarcon replaces Mr. Dharnesh Gordhon, who has taken up a new position at Nestle Indonesia.

Mr. Alarcon joined Nestle Mexico in 1999 as an Area Sales Manager in the company’s Ice Cream business. From there, he moved up the ranks to Marketing Advisor at Nestlé’s Strategic Business Unit in Switzerland; then Marketing Manager for Nestlé’s Ice cream business in Australia; Business Executive Manager at Nestlé’s Ice Cream in Egypt. Under his leadership, the ice cream business turnover in Egypt more than doubled and the profitability improved in a challenging environment.

Guinness Nigeria gets lifeline loan to bridge FX shortages

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Guinness Nigeria Plc, said on Wednesday that it had received a $95m loan from parent company Diageo to help bridge dollar shortages caused by a decline in crude oil prices.

The company’s chief financial officer, Ronald Plumridge disclosed this during an analyst call. He said the company’s dollar needs were far much bigger than they could source locally or through exports, so Diageo stepped in with the loan.

Guinness Nigeria appoints John O’Keeffe Vice Chairman Board of Directors

Mr. John O'Keeffe, President Diagoe Africa and Vice Chairman, Board of Directors for Guinness Nigeria

Guinness Nigeria Plc has announced the appointment of Mr. John O’Keeffe as Vice Chairman of the Board of Directors.

Mr. O’Keeffe, who is the current President of Diageo Africa and had been a Non-Executive Director of Guinness Nigeria, will take over from Mr. Nick Blazquez who resigned as Vice Chairman of the board effective 4th July 2016.

Diageo optimistic of hitting growth target in 2017 fiscal year

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Drinks maker Diageo said on Wednesday it had good momentum going into 2017 fiscal year.

Ivan Menezes, the company’s CEO said “As expected, the momentum we created last year, strengthening our business through improved marketing, innovation, and commercial execution, has set us up to deliver a stronger performance. Key drivers of improved top-line growth are our fiscal 2017 priorities: Scotch, U.S. spirits and India,” Mr. Menezes said ahead of the company’s annual general meeting on Wednesday.

Guinness Nigeria losses widen amid market challenges, FX headwinds

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Guinness Nigeria Plc, said on Tuesday it recorded a net loss of N2bn for the full-year ending in June 2016, down from N8bn profit it made in the previous year. The brewer blamed the loss on weak economic environment and foreign exchange headwinds.

Irish Whiskey Association launches campaign to protect Irish Whiskey

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The Irish Whiskey Association has unveiled a new campaign to protect the category from products that are wrongly advertised, packaged, displayed or named in a way that makes them appear to be Irish Whiskey.

The group said that Irish whiskey must be distilled and matured in wooden casks on the Island of Ireland for at least three years for it to be called Irish whiskey. They add that the campaign is directed at whiskey producers, distributors and all who value Irish whiskey.

Kenya Breweries eyes the youth with introduction of Smirnoff Ice Electric Ginseng

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Kenya Breweries Limited (KBL), a Diageo company has introduced Smirnoff Ice Electric Ginseng into the Kenyan market targeting the youths.

KBL said on Monday Smirnoff Ice Electric Ginseng will be marketed to the youth who make up 54% of the total alcohol market volume in the country. It adds that there would be a focus on male consumers who have not been drawn to existing RTDs segment.

PepsiCo could be AB InBev’s next takeover target after SABMiller, says analyst

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Susquehanna (SIG), a Wall Street investment advisory firm has said that PepsiCo could be Anheuser-Bush InBev (AB InBev) next acquisition.

AB InBev recently merged with SABMiller and the transaction is expected to close on Oct 10.

“Conventional wisdom, rightly or wrongly, has it that after digesting SABMiller, AB InBev will make a move for Coca-Cola as it expands beyond beer,” Susquehanna said.