Challenges ahead for AB InBev as it debuts in Nigeria

Anheuser-Bush InBev (AB InBev) is set to make its debut on Tuesday 11th October as a unified company, after closing on the deal to acquire SABMiller a day earlier. There will be More »


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 »

Cadbury Nigeria posts 9-months loss of N842m


Cadbury Nigeria Plc, said on Thursday it recorded a net loss of N842m in the first nine months of 2016 ending 30 September. In the same period in 2015, the company made N29m in profit.

The maker of Bournvita has come under pressure on multiple fronts in a slowing economy that has seen inflation spike by 17.9% as of September, made worse by the June 20 naira devaluation (free floating of the naira by the CBN) that has made borrowing costs more expensive and cost of goods sold rise; continued difficulties with obtaining foreign exchange to buy needed raw materials, a weakened consumer purchasing power, and competition from rivals in the market. The losses reached N1bn in the third quarter (July – September).

Guinness Nigeria appoints Emmanuel Egerton-Shyngle Commercial Director


Guinness Nigeria Plc has announced the appointment of Emmanuel Egerton-Shyngle as its new Commercial Director, effective 1st November 2016. He will be taking over from Paul Costigan who will be moving into other roles within Diageo.

Peter Ndegwa, Managing Director/CEO, Guinness Nigeria Plc said: “I am really excited to have Emmanuel in this new role as he builds upon the work that Paul has started and continues the execution of our aligned commercial strategy over the coming period. I want to really thank Paul for his immense contribution to developing our sales organisation over the past two years.

Akwa Ibom Special Ed Teacher wins 2016 Maltina Teacher of the Year Award


A new Maltina Teacher of the Year winner has emerged in Mr. Imoh Essien, a Special Education teacher from the Special Education Center for Exceptional Children in Uyo, Akwa Ibom State.

The event which took place on Thursday in Lagos saw Mr. Essien beat other contestants from each state to win the coveted prize.

Intercontinental Distillers rewards distributors as Eagle Schnapps gets a new look


Intercontinental Distillers Limited (IDL) has rolled out a rebranded version of its famous brand, Eagle Schnapps. The unveiling took place at the company’s Annual Distributors Award at the Lagos Airport Hotel, Ikeja, on Thursday, 20 October.

The new Eagle Schnapps comes in 1-litre Emperor Pack, 75cl Majesty and 3cl Mini Pack.

According to the brand handlers, the need to rebrand came as a means to re-engage consumers and remind them of the brand’s proposition and value of Eagle Schnapps, which is one of the leading brands in the Schnapps segment.

Famous Grouse Scotch Whisky unveiled in Nigeria amid fanfare


Premium Scotch Whisky, The Famous Grouse was unveiled in its new bottle on Saturday, October 15, 2016 amid a celebratory mood at an exclusive all white event at the Federal Palace Hotel Gardens, Victoria Island, Lagos.

The event which marked the roll out of the brand’s new look and global campaign in Nigeria, “Famous For a Reason” – was meant to celebrate famous people from different works of life including music, media, movies, sports, fashion, technology, as well as everyday heroes who make an impact in society.

Coca-Cola Beverages Africa to have new partner by 2018, says Coke


Atlanta-based Coca-Cola said it hopes to have a new bottling partner to replace SABMiller in Coca-Cola Beverages Africa (CCBA) by 2018.

Coke announced last week that it would exercise its change-of-ownership rights to acquire SABMiller’s 57% stake in CCBA from AB InBev and find new suitable partners. The soft drinks giant said it expects about four months of negotiation with AB InBev before acquiring SABMiller’s stake and another 12 months to obtain regulatory approval from the South African authorities.

Remy Cointreau Q2 revenue rise on robust demand in the US, China


Remy Cointreau said on Tuesday that sales growth gained momentum in the second quarter, buoyed by strong demand for its premium cognac in the United States, its largest market, and improving cognac sales in China.

Producer of adulterated Peak milk caught in Calabar


The National Agency for Food and Drug Administration and Control (NAFDAC) said it has arrested a man, Christopher Nnabuihe, who is involved in the production and sale of fake Peak powdered milk in Calabar metropolis.

PepsiCo announces ambitious plan to reduce sugar level in most drinks by 2025


Soft drink giant PepsiCo said on Monday that two-thirds of its drinks will contain 100 calories or less from added sugar per 12 oz serving by 2025. The company added that it will put more effort to producing products with fewer or no calories.

PepsiCo’s CEO Indra Nooyi said, “Technology breakthroughs right now are resulting in better-tasting colas almost as good as the full-sugar colas, but with lower calories. So we’re now faced with [an] interesting opportunity to step the consumer down to lower sweetness levels.

Coke may split SABMiller’s stake in CCBA among several bottlers, says analysts


Atlanta-based Coca-Cola Company may split SABMiller’s 57% stake in Coca-Cola Beverages Africa (CCBA) among more than one franchise partner, according to analysts.

In a statement released by Coke after announcing its plan to buy-back SABMiller’s stake in CCBA, the company said, it would negotiate with “potential partners” to refranchise CCBA.