Monthly Archives: November 2016

Nigerian Breweries, FRSC embark on annual “Don’t Drink and Drive” Campaign

Nigerian Breweries Plc, said it has begun the ninth edition of the ‘Don’t Drink and Drive’ campaign in some parts of the country, in partnership with the Federal Road Safety Corps (FRSC).

In a statement released by the company, it said the programme, which began in the Federal Capital Territory, Abuja was part of its efforts to promote responsible consumption of alcoholic beverages among road users, particularly commercial drivers and riders.

Heineken unveils Ivoire in new Ivory Coast brewery

Heineken N.V on Monday unveiled the first beer brewed in its new Brassivoire brewery in Ivory Coast even though the plant won’t open until 2017.

The Dutch brewer partnered with French trading firm CFAO to build a new brewery in Abidjan at a cost of 100 billion CFA francs ($172m). The deal was first announced last year with Heineken holding 51% stake in the joint-venture to CFAOs 49%.

Avon Crowncaps extends loss to Q2

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry reported a net loss of N86m for the third quarter ending 30th September. In the same period in 2015, it recorded a net loss of N16m.

Heineken to reappoint its CEO to fourth term

Amsterdam-based Heineken N.V announced in October that it would seek a rare fourth, four-year term for its Chief Executive Officer, Jean-Francois van Boxmeer at the company’s next Annual General Meeting set to be held in April 2017.

Mr. van Boxmeer, who started working for Heineken in 1984, would be the second CEO in the company’s history to have had such a long tenure. Only the late Freddy Heineken, the grandson of the company’s founder had a longer tenure.

Fourth Quarter will be just as tough for Nigerian Consumer Firms – Analysts

Some of Nigeria’s biggest companies suffered losses in the third quarter as the naira continued to depreciate against major world currencies and with inflation spiking to 18.3% as of October, amid a drop in consumer spending and foreign currency scarcity.

FC WAMCO to partner Benue State on School Feeding Programme

FrieslandCampina WAMCO, makers of Peak milk, Three Crowns milk and Frisco milk, among others is seeking to partner with the Benue State government on a Federal Government endorsed School Feeding Programme.

NAFDAC to prosecute supermarkets selling imported fruit juices in 2017, says Oni

The Acting Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mrs. Yetunde Oni, has thrown down the gauntlet, stating that the agency will begin to prosecute supermarkets and stores found selling imported fruit juices as well as importers of the said product come January 2017.

Guinness Nigeria unveils new spirits production line in Benin City

Guinness Nigeria Plc, on Tuesday commissioned a new spirits production line in its Benin City facility. The new line, which is valued at £12m (N4.8bn), will enable the company to produce previously imported spirits locally.

Speaking at the unveiling of the new line, the Chairman of the Board of Guinness Nigeria Plc, Mr. Babatunde Savage, disclosed that the company had a long history in Nigeria and in Benin since it built its brewery in 1974. He noted that the production line, with a design capacity of 1.2m cases and the first of its kind in Nigeria, would offer a wider opportunity to provide quality products for its numerous customers.

The rise and sudden demise of SABMiller

This article is part-2 of a two-part story we first published on Wednesday chronicling the events leading up to the takeover of SABMiller by AB InBev. The original story first appeared in the Financial Mail, a South African publication and authored by Ann Crotty. We give credits to the author and the team at Financial Mail.

Remy Cointreau’s profit jumps in half-year on U.S. and China strength

French spirits group Remy Cointreau posted a 15% rise in profit in the first-half of the year (Apr – Sept) to €76m ($80.3m), from €68.6m last year. The lift was driven by “robust” demand for its highest end products.

Remy Martin, the group’s flagship brand delivered a 5.1% sales growth in organic terms on “outstanding performances” in the Americas and renewed growth in Greater China.