Monthly Archives: November 2018

Nigerian Breweries speaks on the recent dispute with NLRC

Nigerian Breweries Plc, on Wednesday released a statement on the ongoing dispute with the National Lottery Regulatory Commission (NLRC).

In the statement, the company confirmed the sealing of its Corporate Headquarters in Lagos and two other offices in the Federal Capital Territory (FCT), Abuja on the 12th and 13th of November by officials of the National Lottery Regulatory Commission.

NLRC strongly condemned for shutting down NB’s offices over alleged infraction

beer

The Nigerian Employers’ Consultative Association (NECA) has condemned the actions of the Director-General of the National Lottery Regulatory Commission (NLRC), Mr Lanre Gbajabiamila, for what it sees as his high handedness and lack of regard for the rule of law, to close down the offices of Nigerian Breweries Plc.

Coca-Cola HBC sees tepid growth in nine months

Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC), with operations in 27 other European countries, said it posted a 2.6% revenue growth in the third quarter of 2018 to €1.87bn and 1.2% sales rise in nine months to €5.09bn.

Nigerian Breweries, FRSC Hold Mega Rally on “Don’t Drink and Drive” Campaign in Lagos

Following the successful mega rally of the 11th edition of the Don’t Drink and Drive campaign in Uyo, Akwa Ibom State, Nigerian Breweries and the Federal Road Safety Corps (FRSC) held another mega rally on road safety in Lagos, as part of efforts aimed at ensuring reduction in road accidents.

XLR8 emerges winner of International Breweries Plc Public Relations Account

International Breweries Plc, the Nigerian subsidiary of AB InBev, the world’s largest brewer has appointed leading communications consultancy, XLR8 to manage its public relations. The appointment which is sequel to a competitive bid, will see XLR8 taking responsibility for all of the company’s corporate as well as brand-related communications.

Coke to launch Energy drinks under its name

The Coca-Cola Company (TCCC) announced on Thursday it plans to launch its own Energy drinks under its trademark name.

In an e-mail statement, the soft drinks giant said the new drinks would be called “Coca-Cola Energy” and “Coca-Cola Energy No Sugar.” The company has not said when the drinks would become available in the market.

The announcement signals yet another move by the soft drinks maker to diversify away from its mainstay sugary drinks.

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

International Breweries Plc (“IB Plc”) has announced the appointment of Mr. Andrew Scott Murray as a Non-Executive Director of the Company.

According to a statement from the company, Mr. Murray is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB InBev Africa operations, based in Johannesburg, South Africa. Prior to that, he was the Global Director, AB InBev M&A based in New York with exceptional track record of handling transactions and corporate disposals of different description and magnitude. He was also part of the AB InBev’s focused group on Budgeting and Business Performance Optimization.

Coca-Cola, FG partner to launch N4bn ‘Safe Birth Initiative’ to tackle high infant mortality and maternal rates

The Coca-Cola Company has partnered the Federal Government to launch an initiative worth N4bn to address the country’s high infant mortality and maternal rates.

The initiative tagged ‘Safe Birth initiative’ (SBI), which is also done in conjunction with the Office of the Senior Special Assistant to the President on Sustainable Development Goals (SDGs) and Medshare International Inc, a non-Governmental organisation donated four units of 40’ foot shipping containers of life-saving medical equipment for the inaugural project to the National Hospital, Abuja.

Guinness promises extraordinary football experience as football great Rio Ferdinand visits Nigeria

Guinness Nigeria Plc recently unveiled an exciting new partnership with legendary premier league footballer, Rio Ferdinand. The Manchester United defender will be visiting Nigeria from 30th November to 1st December to join Guinness’ efforts to find and celebrate Nigerian football fans that are Made of More.

In anticipation of Rio’s visit, Guinness Nigeria will be running a promo to select winners to join Rio at a live international match in Cameroon. The promotion will be launched on 9th November 2018. You are welcome to participate by sending an SMS of the code under the crown of your Guinness Promotional Bottle to 1759.

Champion Breweries reports profit decline in nine months amid disappointing sales

Champion Breweries Plc reported a 21% drop in profits for the first nine months of 2018 to ₦120 million. In the same period in 2017, the company earned ₦152 million. The profit decline accelerated in the third quarter by 40% to ₦40 million, from ₦66 million in the previous year.

The drop in earnings was attributed to disappointing sales despite higher selling and distribution expense. Net revenue declined by less than 1% in nine months to ₦3.2bn, but grew by 7.5% in the third quarter to ₦1.1bn.