Monthly Archives: May 2015

FrieslandCampina celebrates 60 years of Peak in Nigeria

FrieslandCampina WAMCO Nigeria Plc, makers of Peak Milk and other brands marked the 60th Anniversary of Peak Milk at an event at Eko Hotel and Suites, Victoria Island, Lagos on Saturday, 23rd of May, 2015.

Many people graced the occasion, including consumers from various works of life, media personalities, children and notables celebrities like former Nigerian International and Olympic Gold Medalist, Kanu Nwankwo and singer, Yemi Alade, among others.

The Managing Director of FrieslandCampina WAMCO, Rahul Colaco said “Over the last 60 years, Peak has continued to be strong throughout the several changes in the market.”

FrieslandCampina WAMCO to invest N4 bn in Nigeria Annually

FrieslandCampina WAMCO Nigeria Plc, a leading company in the dairy sector and makers of such products as Peak milk, Three Crown, Friso, among others is poised to inject at least N4bn (€20 million) into their operation in the country to maintain their lead position in the dairy market.

The company, which is investing the money to upgrade their facilities to international standards and help to achieve minimum national adequate consumption of milk products, is also set to unveil a new campaign in Lagos on Saturday May 23rd to celebrate the 60th Anniversary of Peak milk.

Champion Breweries posted a N9.2 million profit in (Q1) 2015 results

Champion Breweries Plc, the Akwa-Ibom based brewer said that it recorded a 9.2 million profit after tax (PAT) in the first quarter or period ending March 31, 2015, compared to a (N391.50) million loss it recorded for the same quarter in 2014.

In addition, the company reported a profit before tax (PBT) of N13.4 million for the first quarter (Q1), compared to a loss of (N391.50) million in the preceding year.

Revenue grew by 41.01 percent to N245.6 million, compared to N174.2 million it earned for the same quarter in 2014.

Diageo unveils Smirnoff Ice Double Black with Guarana

Smirnoff, a name synonymous with the best in vodka, from the stables of Diageo brands Nigeria, has unveiled a new variant called Smirnoff Ice Double Black with Guarana amid fanfare.

The Double side party was held at the most unconventional of places, a thriving auto workshop turned into a party venue.

Arriving at the party located in Lagos, guests were eager to experience a different type of fun holding a party at the most unusual of places, an auto workshop.

Nestle Nigeria’s first Quarter (Q1) 2015 profit decline 51% as consumer spending weakens

Nestle Nigeria’s first quarter (Q1) 2015 net income declined by 51% as the consumer goods company struggled with a sluggish consumer spending, insecurity in the North of the country and skyrocketing borrowing cost.

The company’s profit was N2.95bn, compared with N6bn in 2014. Sales also fell by 34.40 percent to N27.55bn, from N33.bn in 2014.