Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: News

CCBA acquires Zambian producer of fermented maize beverage, the latest in its consolidation journey

Coca-Cola Beverages Africa (CCBA), South Africa-based Coke bottler said it has obtained the necessary regulatory approval to acquire the assets of Fairy Bottling Zambia Limited, a maker of Super Maheu (fermented maize beverage), Aqua Savana and other soft drinks trademarks.

Resignation: Paul Gallagher resigns from Guinness Nigeria Board

Guinness Nigeria Plc has announced the resignation of Mr. Paul Gallagher from the Board of Directors of Guinness Nigeria Plc. The company said that Mr. Gallagher’s resignation as a Non-Executive Director of Guinness Nigeria is effective from 29 January 2019.

Peak milk donates wheelchair accessible bus to Nigeria Para-powerlifting Federation

FrieslandCampina WAMCO Nigeria Plc, makers of Peak milk, presented a new mobility bus with wheelchair access to the Nigeria Para-powerlifting Federation on Tuesday, February 5, at the company’s headquarters in Lagos thus fulfilling its promise to the Para-powerlifters.

Cadbury collaborates with UNHC, donates Bournvita to IDP camps

Cadbury Nigeria Plc has announced the donation of Bournvita products, its flagship brand to some Internally Displaced Persons (IDP) camps in Nigeria, working in collaboration with the United Nations High Commission for Refugees.

In a statement, the company’s Corporate and Government Affairs Director for West Africa, Mr Bala Yesufu, said Cadbury was moved to make the donation by the plight of IDPs living in various camps in the country.

Buhari signs Competition and Consumer Protection bill into law

President Muhammadu Buhari, on Wednesday assented to the Federal Competition and Consumer Protection Act 2019.

The anti-trust bill which was first proposed by the Bureau for Public Enterprise (BPE) fifteen years ago will seek to eliminate monopoly and ensure competitive trade in Nigeria.

FG develops five new standards for indigenous foods

As part of the Federal Government’s effort to promote agriculture as the basis of the economic diversification agenda, the Standards Organisation of Nigeria (SON) has coordinated the drafting of five new standards on indigenous foods.

The on-going development of the Standards also promotes the application of research and technology to boost the production of foods for local consumption and export.

International Breweries delivers on Social Investment Projects to communities in Osun, Ogun and Oyo states

International Breweries Plc, the Nigerian unit of global beer company, Anheuser-Busch InBev has recently completed a number of projects, under its corporate social investment initiatives, across several communities in Osun, Ogun and Oyo states. These projects were recently delivered to the communities.

According to the company, the projects were part of the its strategic policy of impacting the communities where it operates, especially in the areas where basic amenities are either lacking or inadequate. The projects include solar-powered boreholes, an adequately equipped primary healthcare centre and a sanitary facility.

PZ Cussons denies reports it is leaving Nigeria

Leading consumer goods company PZ Cussons Nigeria Plc has denied reports that it is pulling out of Nigeria.

In a series of reports that appeared online earlier in the week, first at online platform, Nairaland, with the heading, “PZ pulls out from Nigeria,” and yet at another online platform with the caption, “Nigeria PZ Cussons to withdraw amid tough conditions,”

Diageo half-year sales boosted by strong demand in Asia, U.S.

Diageo Plc, on Thursday reported a 6% sales growth for the first-six months of its financial year ending on 31st December 2018.

The British drinks maker behind such brands as Johnny Walker Scotch whisky and Guinness Stout said that revenue rose to £6.9bn ($9.07bn) compared to £6.5bn in the previous year, driven by stronger demand from China, India and the U.S.

Coca-Cola takes 100% ownership of CHI Limited

Coca-Cola has taken full ownership of CHI Limited.

In a statement issued on Wednesday, the soft drinks giant said that it has acquired the remaining 60% stake in CHI it does not already own.