Monthly Archives: March 2017

“33” Export Lager unveils friendship party experience

“33” Export Lager Beer, a product of Nigerian Breweries Plc (“NB”), has launched a new initiative called “33” Export Friendship Experience parties to provide its teeming consumers an opportunity to meet with their friends and share experiences.

According to NB, it plans to host friends in popular bars and clubs around the nation and reward them with experiences to remember in honour of the friendships they have.

Nigeria ranked 4th largest market in soft drinks sales globally in 2016

According to a recent released statistics, 38.68 million litres of soft drinks were sold in Nigerian in 2016.

This was disclosed by Mrs. Martina Claus, Head of Market Development, German Engineering Federation, on Wednesday at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos.

Champion Breweries finishes year stronger

Champion Breweries on Monday reported its full year results for 2016 with net income surging 203% to N530m, from N77m in the previous year.

The maker of Champ Beer and champ malt saw a 10.37% rise in revenue for the year to N3.9bn, from N3.5bn in 2015.

While selling and distribution expenses rose 26% to N322m, from N256m in the previous year, administrative expenses fell 73% to N160m in the period under review.

Coca-Cola defends integrity of its brands – Sprite, Fanta

The Coca-Cola Company (TCCC) has said that its beverages – Fanta and Sprite are safe for human consumption.

Commenting for the first time on the Fanta and Sprite controversy in Nigeria, the Atlanta-based soft drinks giant said that the ruling by a Lagos High Court that its brands – Fanta and Sprite are unfit for consumption when combined with Vitamin C is “inaccurate and unsupported by science”. It added that both benzoic acid and ascorbic acid (vitamin C) are ingredients approved by international food safety regulators.

Bob Geldof, Irish musician, activist takes minority stake in Blue Skies

Eight-Miles (8 Miles), a private equity firm with interest in Agriculture and technology and founded by Bob Geldof, the Irish singer known for his social activism and anti-hunger efforts in Africa, announced on Tuesday it had taken a minority stake in Blue Skies, an ethical fruit juice business with operations in Ghana, Egypt, South Africa and with sights set on expanding to Nigeria.

AB InBev targets 100% renewable energy in the future

The world’s largest brewing company, Anheuser-Busch InBev (AB InBev) announced on Tuesday a commitment to source 100% of its electricity usage from renewable energy.

The brewer said that the initiative will reduce its operational carbon footprint by 30% and help “transform the energy industry” in some of its key markets in places like Argentina, Brazil, India, and across markets in Africa.

Fijabi Adebo, the businessman at the center of the NBC- Fanta, Sprite controversy speaks

Fijabi Adebo and his firm Fijabi Adebo Holdings Limited has become synonymous with the ongoing dispute between the Nigerian Bottling Company (“NBC”), the National Agency for Food and Drug Administration and Control (“NAFDAC”), a Lagos High Court and the Federal Ministry of Health. Mr. Adebo recently spoke on his travails and events that led up to the recent court judgement.

University Don pokes holes in FG’s Fanta, Sprite safety claims

The Vice-Chancellor of the Benson Idahosa University, Edo State, Prof. Ernest Izevbigie, has challenged the Federal Ministry of Health claims that Fanta and Sprite, both products of the Nigerian Bottling Company (“NBC”) are safe for human consumption.

Prof. Izevbigie, who spoke at a media parley in Benin City, said that the Health Ministry’s claims did not fully address the safety raised by the court ruling.

A Lagos high Court had instructed the National Agency for Food and Drug Administration and Control (NAFDAC) to compel the NBC to insert a written warning on its products that Fanta and Sprite could not be consumed with Vitamin C.

Promasidor supports government, private sector partnership to ensure a healthy environment

Dairy firm Promasidor Nigeria Limited, said that there needs to be a partnership between government and the private sector in order to achieve a healthy environment free from pollution.

The Head, Legal and Public Relations, Promasidor Nigeria Limietd, Mr. Andrew Enahoro disclosed this during an interview in Lagos recently. He said that maintaining a healthy environment was very important for any business to grow, adding that for this to take place, there needs to be compliance with laws governing environmental regulation.

International Breweries appoints new Board Chairman, COO

International Breweries Plc, the Ilesha-based brewer owned by AB InBev has named Mr. Sunday Akintoye Omole as its new Board Chairman effective 22 March, 2017.

Mr. Omole takes over from the erstwhile Managing Director and Board Chairman, Otunba Michael Daramola, who retired in line with the company’s Articles of Association.