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 »

Heads of FrieslandCampina, Heineken commit to increased investments in Nigeria

The leadership of Dutch firms in Nigeria have pledged to increase their investments in the country.

The commitments were made when Nigeria’s President Muhammadu Buhari, met with some of the CEOs of the Dutch firms during his official visit to The Hague, Netherlands.

Nestlé Nigeria MD, Mauricio Alarcon appointed second VP of NECA

Nestlé Nigeria’s Managing Director and Chief Executive Officer, Mr. Mauricio Alarcon has been appointed as second Vice President of Nigeria Employers Consultative Association (NECA). The announcement was made at the Annual General Meeting (AGM) of the association in Lagos on Tuesday. Mr. Alarcon has been involved in the direction of the association for the past one year as a member of governing council. He will play a key role in the governing council and management committee.

Cadbury makes gaining bigger market share a focal point of sustaining profitability

Cadbury Nigeria Plc, said it will make growing market share and bolstering the efficiency of its distribution system a focal point of sustaining growth and delivering better returns to shareholders.

The company’s chairman, Mr Atedo Peterside, outlined the firm’s plans while addressing shareholders at the company’s Annual General Meeting (AGM) at the weekend in Lagos.

He added that the company will focus on four strategic areas to drive its growth ambition in 2018, after emerging from loss last year.

Maltina Teacher of the Year 2018 extends entries deadline

Nigerian Breweries Plc, the organizer of the annual Maltina Teacher of the Year Award has extended its deadline for entries from Monday 2nd July 2018 to Friday 20th July 2018.

According to the Corporate Affairs Adviser, Nigerian Breweries Plc, Mr Kufre Ekanem, the extension was due to pressure from teachers across the country who wanted more time to participate in the award process.

Coca-Cola to sell alcohol spirits in Kenya

Crown Beverages Limited, a subsidiary of Coca-Cola Beverages Africa (CCBA), the continental Coke bottler based in South Africa but with footprints in over a dozen African countries including Kenya announced it has signed a deal with Italy-based Gruppo Campari to distribute premium spirits brands in Kenya , heightening up competition in that market.

Tasty Time disavows misuse of its products; warns public against product abuse

Tasty Time Nigeria Limited, a Lagos-based manufacturer of fruit flavoured drinks has denied any responsibility or support for the misuse of its products and has warned the public against using some of its products for substance abuse.

The warning follows a recent arrest by the police in Lagos of some youths who were alleged to be involved in cultism and substance abuse.

PepsiCo’s Q2 profit slumps on sluggish sales of trademark soda

PepsiCo on Tuesday reported a 2.4% revenue growth for the second quarter of 2018 to $16.09bn.

However, the results did not mirror the performance of its North American Beverages unit, its largest segment, which declined by 1% to $5.1bn.

The firm’s North American beverages unit has been posting declining sales for four consecutive quarters (since third quarter of 2017), a worrisome trend for the soda giant to consider operating it as a separate unit or spinning it off into a stand-alone public entity or do what its main rival Coca-Cola has done by refranchising them to multiple franchisees.

Labour union, Distillers Association, others reject FG’s proposed excise duty rate increase on alcohol at Senate hearing

Stakeholders in the alcohol beverage industry on Monday declared their opposition to the recent 500% increase in excise duty rates on alcohol by the Federal Government.

The stakeholders, which includes the Nigerian Labour Congress (NLC), Manufacturers Association of Nigeria (MAN), Distillers and Blenders Association of Nigeria (DIBAN), and the Association of Food, Beverage and Tobacco Employers of Nigeria (AFBTE) expressed their displeasure over the rate hike to a Senate Committee on Finance at a public hearing on the matter.

NBC highlights business activities as it holds mid-year media brief

The Nigerian Bottling Company (NBC) has said it will continue to improve on the quality and standard of its products to meet the needs of Nigerians.

The sole bottler of Coca-Cola products in Nigeria gave the assurance while holding a mid-year media briefing in Lagos to draw attention to its major activities since it came into the country.

The NBC Legal, Public Affairs and Communications Director, Sade Morgan, said that the company believes in customer satisfaction, and will continue to invest in the wellbeing of the consumer and improve on the quality of its products to meet their target.

Golden Guinea releases year end results for 2018

Golden Guinea Breweries Plc, earlier on Thursday released its full year statement of affairs for the year ending 31 March 2018.

The Umuahia-based brewer which has not been active for 15 years following a fire outbreak at its facility in 2003 said in its report that it has not resumed its principal activities of brewing during the year under review as a result of the ongoing reactivation activities.