Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Guinness Nigeria, Wecyclers partner on waste management

Guinness Nigeria Plc, and Wecyclers, a for-profit social enterprise that promotes environmental sustainability, socioeconomic development, and community health, have signed agreement on waste management.

The partnership is expected to, among other things, help support the implementation of Guinness Nigeria’s 4R waste management strategy, covering Reduction, Reuse, Recovery and Recycle, while addressing increasing local and global concerns around the environmental issues of waste disposal.

Nestlé Nigeria unveils GOLDEN MORN® Puffs breakfast cereal

Nestlé Nigeria Plc, announced on Wednesday it had introduced a new breakfast cereal, GOLDEN MORN® Puffs. Made from grains and cereals, the company explained that it provides families with even more choices of tastier, healthier food. It noted that GOLDEN MORN® Puffs is proudly produced in Nigeria for Nigerians. It is fortified with vitamins and iron to contribute to the efforts to address micronutrient deficiency in the country.

Coalition of NGO Business Groups seek FGs reversal of new excise duty on alcohol, tobacco

The Federal Government has been urged to reconsider its decision to raise excise duty on locally produced alcohol and tobacco as the new policy risks threatening the over N420bn in investments so far made in the wine and spirits industry.

The call was made by a coalition of non-governmental organisations (NGOs) made up of the Business Renaissance Group and Sustained Development Collective while speaking with journalists in Abuja.

Nigerian Breweries honours distributors, trade partners at annual award event

Brewing giant Nigerian Breweries Plc, on Friday at an award ceremony celebrated its distributors and trade partners who excelled in the course of their business partnerships with the company in the last year.

In his remarks, the Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel hailed the partners for the long years of support and affirmed that the company looks forward to a more rewarding relationship with them in the years ahead.

Diageo’s EABL to start producing spirits locally as demand in Nigeria, Kenya grows

Kenya-based East African Breweries Limited (EABL), a subsidiary of Diageo Plc has announced plans to start producing spirits in its local market as demand for its products surge in Kenya and Nigeria.

The company which is known for its Tusker Lager said it will invest $13.88 million (approx. 1.4bn Kenyan shillings) to fund a 20,000 bottles per hour spirits line, which will double its production capacity at a plant in the outskirts of Nairobi.

The firm said it will start producing Captain Morgan locally to cut costs and make high-end offerings more widely accessible to both domestic consumers and for export.

Nigerian Breweries plans to lessen impact of new excise tax on consumers through cost savings initiatives

Nigerian Breweries Plc, said it will lessen the impact of the new excise tax on tobacco and alcohol on consumers that is set to come into effect on 4th June by intensifying cost saving initiatives.

The brewer said it would seek to increase its local sourcing of raw materials as well as attempt to obtain further improvements in its sorghum value chain.

The firm added that it will consolidate its earnings through improved consumer value engagement, market penetration, stocking to hedge against market volatility as well as ensuring a balance in the management of input costs and price consumers pay for its products.

Coca-Cola “Score a Trip to Russia” Promo produces winners

Nigerian Bottling Company Limited (NBC), bottlers of Coca-Cola products and Coca-Cola Nigeria Limited have presented World Cup tickets to two lucky winners in the ongoing “Score a Trip to Russia” Promo.

The winners who received their tickets earlier in the week at NBC head office, Iddo, Lagos were Fashola Moruf Adeyinka and Benjamin Muo.

CCBA gets new home in Port Elizabeth, South Africa

Coca-Cola Beverages Africa (CCBA), the continental beverage company based in Johannesburg, South Africa has relocated to a new headquarter in Port Elizabeth, South Africa.

According to a statement from the company, the facility will house the largest Coca-Cola bottler in Africa, accounting for around 40% of all coke volumes on the continent.

Amarula to launch limited Edition designs in celebration of Africa

Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity.

The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May.

Beta Glass ends year on a high

Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016.

The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year.