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

Coca-Cola “Score a Trip to Russia” Promo produces winners

Nigerian Bottling Company Limited (NBC), bottlers of Coca-Cola products and Coca-Cola Nigeria Limited have presented World Cup tickets to two lucky winners in the ongoing “Score a Trip to Russia” Promo.

The winners who received their tickets earlier in the week at NBC head office, Iddo, Lagos were Fashola Moruf Adeyinka and Benjamin Muo.

CCBA gets new home in Port Elizabeth, South Africa

Coca-Cola Beverages Africa (CCBA), the continental beverage company based in Johannesburg, South Africa has relocated to a new headquarter in Port Elizabeth, South Africa.

According to a statement from the company, the facility will house the largest Coca-Cola bottler in Africa, accounting for around 40% of all coke volumes on the continent.

Amarula to launch limited Edition designs in celebration of Africa

Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity.

The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May.

Beta Glass ends year on a high

Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016.

The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year.

Police raid illegal brewery in Lagos

The Lagos State Police Command on Wednesday raided an illegal brewery in the Egbe-Afa, Igbobo area of Ikorodu, where counterfeit malt drinks and stout are produced.

A team of investigators from the Lagos State Police Command led by the Commissioner of Police, Imohimi Edgal arrested five suspects.

International Breweries sees higher revenue and earnings growth at year end

International Breweries Plc (IBPlc) reported a 12% growth in revenue for the nine months to the end of December 2017. Sales grew to ₦36.5bn from ₦32.7bn in the previous year.

Cost of sales rose 30% in the period to ₦22.86bn from ₦17.5bn, impacted by a 33% increase in net finance cost to ₦6.9bn. Administrative costs also weighed on the firm’s earnings, rising 117% to ₦4.5bn from ₦2bn in the preceding year.

Campari Nigeria holds Annual Trade Partners Award 2018

Campari Nigeria held its Annual distributors Award for the 2017 financial year on Saturday 24th March 2018 at the Radisson Blu Hotel, Ikeja, Lagos.

The glamorous event which was hosted by Brian Munro Limited, the sole distributor of Campari in Nigeria lived up to its billing as everyone in attendance was giving a first class treat.

Cadbury launches new lifestyle programme for families

Cadbury Nigeria Plc on Thursday announced the launch of a healthy lifestyle programme aimed at bringing nutrition education, active play and fresh foods to at-risk children and their families in Nigeria.

The firm said it was joining nine other countries in the Mondelez International family in this initiative, which would involve $50m a-year commitment to promote healthy lifestyles and address obesity.

UK launches sugar tax on sweetened beverages

The United Kingdom on Friday became the latest country to join a growing list of countries that have enacted ‘sugar tax’ laws on sweetened beverages as a way to fight obesity among children which is the leading cause of cardiovascular diseases later in life such as hypertension, high cholesterol, diabetes among others.

The UK is said to have the highest level of obesity in Western Europe.

South Africa sugar tax comes into force

South Africa’s proposal to tax sugar sweetened beverages which was first announced in 2016 finally came into effect on Sunday 1st April 2018.

The new sugar tax called the ‘Sugary Beverages Levy” and a part of the “Health Promotion Levy” is set at 2.1 cents per gram of sugar content that exceeds 4g per 100ml. According to the new law, the first 4g per 100ml are levy free.

“Sugar” refers to intrinsic and added sugar and other sweetening matter. However, fruit juice is exempt.