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 »

Krispy Kreme Nigeria gets a boost from US envoy’s visit

Krispy Kreme Nigeria received a visit on Thursday from the American Ambassador to Nigeria, Stuart Symington.

The envoy extolled the doughnut company for its quality process. During the visit which gave Ambassador Symington a close-up view of Krispy Kreme’s operational processes, he commended the management for the quality of work in the production of doughnuts.

Chi introduces Exotic Pineapple Coconut in 150ml pack

Chi Exotic Nectar has launched its pineapple Coconut variant in 150ml pack size.

According to the company, the taste and refreshment is the same as its bigger pack sizes. The new pack is price friendly at N50 retail. The firm said it is the result of deploying innovation to drive brand growth in a dynamic market environment.

Coca-Cola targets Q1 2019 to complete acquisition of Nigerian juice maker Chi Ltd

Atlanta-based Coca-Cola said on Wednesday it is on track to complete the acquisition of Nigeria’s largest juice maker, Chi Limited by the first quarter of 2019.

In a wide ranging interview with Reuters in Lagos, the soda giant reaffirmed its plans to acquire the remaining 60% stake in Chi Ltd it doesn’t already own as it seeks to diversify its product offerings from its core sugary drinks.

Malta Guinness named official drink of Durbar festival in Sokoto, Zaria

Malta Guinness, a malt brand from Guinness Nigeria Plc has been named the official dink of the Durbar festival in Sokoto and Zaria.

In a statement, Omotola Bamigbaiye-Elatuyi, Marketing Manager, Malta Guinness and Non-Alcoholic Drinks, said: “Malta Guinness has been recognised as the Official Malt drink for the Durbar festivals in Sokoto and Zaria as a premium non-alcoholic malt brand that has been fueling the greatness of Nigerians with its goodness.

“Malta Guinness is packed with energy-giving vitamins B1, B2, B3, B5 and B6, and we are proud to be associated with such a landmark event to refresh guests and attendees,” she said.

Appointment: Guinness Nigeria appoints Yemisi Ayeni as a Non-Executive Director

Guinness Nigeria Plc, has announce the appointment of Mrs Yemisi Ayeni to its Board as a Non-Executive Director effective 1st September, 2018.

According to a statement released by the company, Mrs Ayeni will take the place of Prof Joe Irukwu SAN who retired from the Board as a Non-Executive Director on 28th August, 2018.

Mrs Ayeni is the immediate past Managing Director of Shell Nigeria Closed Fund Administrator Limited. A position she held for 10 years until her retirement in April 2015. She is a 1985 honors graduate of Accounting and Business Finance from the University of Manchester, UK: 1989 Chartered Accountant and member of the Institute of Chartered Accountant in England and Wales.

Life Continental Beer unveils 2018 edition of “Progress Booster”

Life Continental Lager Beer, a brand from the stable of Nigerian Breweries Plc, has concluded plans to launch the fourth edition of its “Life Progress Booster” promo, an initiative by the brand to promote small and medium scale enterprises (SMEs) in the South Eastern states of Abia, Anambra, Enugu, Ebonyi, Imo, Delta and Rivers, where the brand is the market leader.

According to the brand handlers, the scheme is meant to boost the entrepreneurial spirit of Igbo men and women across the South East states of Nigeria as the brand launched the 2018 edition of its famous Life Beer Progress Booster in Enugu.

Distell records full year revenue and profit rise despite challenging market conditions

Distell Group, South Africa’s leading cider, spirits and wine producer reported revenue growth of 10.4% for the full-year ending in June 2018. Revenue grew to R24.2bn rand ($1.9bn) on a 4.6% volume lift.

The company reported a strong growth of 10.1% in South Africa, its home market on 4.4% higher volumes amid low GDP growth and higher cost of living putting increased pressure on consumer disposable income.

Distell derives 74% of its revenue in South Africa.

Grand Oak CEO, Odesile, to step down

Aare Fatai Odesile, the CEO of Grand Oak Limited is to step down from his post effective end of September.

His resignation comes after 27 years of meritorious service at the Nigerian Distilleries Limited (NDL) and Grand Oak Limited (GOL), two indigenous spirits firms owned by the Lexcel Group of Companies.

Odesile started his career with the Lexcel Group as a Quality Control/Production Officer with NDL in 1992 and rose through the ranks to the position of Managing Director/CEO of Grand Oak Limited, the marketing arm of Nigerian Distilleries Limited in 2016.

NB seeks to expand leadership in premium lager, scale-up mainstream and drive malt growth

Nigerian Breweries Plc (“NB Plc”), the country’s largest brewer by volume and sales has set a goal to expand its leadership in premium lager, build scale in mainstream segment (formerly value segment) and drive malt growth as it counters stiff competition from rivals – International Breweries Plc, a subsidiary of AB InBev and Guinness Nigeria Plc.

Wild Africa Cream Liqueur unveiled in Nigeria

South African wines, spirits and liqueur producer, KWV has announced the launch of Wild Africa Cream Liqueur into the Nigerian wine market. The introduction took place at an event held at the Radisson Blu Hotel, Ikeja, Lagos on Friday, 7th September 2018.

Speaking at the event, the Brand Manager RTDs Liqueurs, KWV SA, Barry Badenhorst, said the entrance of Wild Africa is to celebrate Nigeria and to satisfy the yearnings of the consumers who want the products.