Monthly Archives: June 2015

XLR8 wins Guinness Nigeria Plc Corporate PR account

XLR8 has been chosen by Guinness Nigeria Plc to oversee its Corporate brand. The appointment follows an extensive selection process that included an open pitch for credentials presentations followed by panel discussions.

According to the Corporate Relations Director, Mr. Sesan Sobowale, “Throughout the selection process, we were impressed by XLR8’s industry and market knowledge and we feel confident that the organisation possesses the wherewithal to add value and provide support as we partner to achieve our business objectives.”

Valmont Premium Table water enters the market

Giant Beverages Limited, a Lagos based company and a new entrant in the beverage industry has just unveiled Valmont, super-premium bottled water brand.

The company is of the resolve that Nigerian brands join the league of internationally renowned brands. Ayo Afolabi, General Manager of the company said that a brand is a mark of quality which is a key characteristic of the company.

He added that Valmont is produced to attain a super-premium brand status in taste, look and feel. “Our water is produced to the best of international standards. It goes through our ultra-purification processes without being exposed to air until it enters our unique bottles, thus preserving its freshness and purity. It is called Valmont for its strong, rich, luxurious and sophisticated background.

GSK Nigeria posts higher results; shareholders applaud bonus dividend payout

GlaxoSmithkline Consumer Nigeria plc (GSK Nigeria) has announced a strong growth in its audited results for the year ended 31 December 2014, even as it approved bonus shares for its shareholders.

The company also declared a N717.5 million dividend for its shareholders for the year ended December 2014.

Speaking at the 44th Annual General Meeting (AGM) held in Lagos, Edmund Onuzo, Chairman GSK Nigeria Board of Directors stated that although the year 2014 was challenging, the company remains committed in ensuring shareholders get the best returns on their investments.

FrieslandCampina invests additional €180 million in its Nigerian subsidiary

Royal FrieslandCampina, the parent company of FrieslandCampina WAMCO Nigeria Plc has increased its equity stake in its Nigerian subsidiary, FrieslandCampina WAMCO from 54.58 per cent to 67.61 per cent, a 13.03 per cent additional shares worth approximately €180 million euros.

The CEO of Royal FrieslandCampina, Roelof Joosten said “The size of the market, the growth outlook and the commitment of the Nigerian people to bolstering the stability and economy of the country are two reasons why FrieslandCampina will continue to invest in its subsidiary, FrieslandCampina WAMCO.”