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

Ajeast rolls out Big Volt Energy Drink

Ajeast Nigeria Limited, makers of Big Cola soft drinks have introduced yet another brand into the Nigerian market called – Big Volt Energy Drink.

At the unveiling of Big Volt in Lagos recently, Theo Williams, Country Manager, Ajeast Nigeria Limited, said that Big Volt is locally produced, and that consumers would have a viable alternative to existing foreign brands.

CPC calls for review of levels of additives in soft drinks

The Consumer Protection Council (CPC) on Tuesday released its results of findings on the level of benzoic acid and sunset yellow found in Fanta and Sprite as well as other soft drink brands bottled in the country.

The Council said it was compelled to launch an investigation following the public outcry after a Lagos High Court ruled in the case of Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC).

Sesan Sobowale, long-serving Director at Guinness Nigeria resigns post

Sesan Sobowale, long-serving director at Guinness Nigeria Plc and its Corporate Relations Director is said to have left the company.

The former face of Guinness Nigeria, who left the company two weeks ago, is said to have mutually agreed to part ways with the brewing company. There has been no word from the beverage giant on his replacement.

Sobowale spent 12 years at Guinness Nigeria, having joined the company in April 2005 as its Corporate Secretary.

Moët Hennessy begins year with strong momentum

Moët Hennessy, the wine and spirits arm of French luxury goods maker Louis Vuitton Moët Hennessy (LVMH) reported its first quarter 2017 results on Monday, with the unit posting a 16% rise in revenue to €1.2bn euros, surpassing all other units in the group. The unit saw a 13% organic growth in the period.

FG Panel reports on Fanta, Sprite investigation this week – Health Minister

The investigative panel set up by the Federal Government to look into the controversy surrounding certain acids in Fanta and Sprite, products of the Nigerian Bottling Company (“NBC”) will report its findings this week.

The Minister of Health, Prof Isaac Adewole, revealed this to the media in Abuja.

NAFDAC nabs eight involved in production of fake drinks

The National Agency for Food and Drug Administration and Control (NAFDAC) on Saturday raided the Ogbaru Relief Market, near Onitsha and arrested eight persons including a nursing mother who were involved in the production and sale of adulterated alcoholic beverages.

The agency shut three shops in the market and seized counterfeit drinks and production materials worth millions of naira.

Distell raises stake in Kenyan Wine & Spirits firm

Distell Group, South Africa’s largest wine and Spirits Company on Tuesday announced it has acquired a 26.43% stake in KWA Holdings East Africa Limited (KWAL), Kenya’s largest wine and spirits manufacturer and distributor, from Centum Investment Company Limited, increasing its ownership in the firm to 52.43%.

Distell first acquired a stake in KWAL, when in 2014, it took a 26% shareholding in the Industrial and Commercial Development Corp (ICDC).

Beta Glass maintains momentum as year-end profit surge 91%

Beta Glass Plc, the glass container and metal crowns company on Friday reported its results for the 2016 financial year, with the firm maintaining the same momentum it experienced in the first nine months of the year.

The company said that full year profit grew 91% to N3.8bn, from nearly N2bn in the previous year, driven by a surge in local demand as foreign exchange headwinds force a drop in imports.

Heineken officially commissions Ivory Coast brewery

Heineken officially opened its Ivorian brewery, Brassivoire, a joint-venture partnership between the Dutch brewer and CFAO.

The event was graced by top Ivorian government officials, including the Vice President, Mr. Daniel Kablan Duncan and the Prime Minister, Mr. Amadou Gon Coulibaly. Also in attendance were the CEO of Heineken, Mr. Jean-Francois van Boxmeer and representatives of CFAO, among others.

Coca-Cola Icecek withdraws bid for CCBA partnership

Coca-Cola Icecek (CCI) said on Tuesday it was withdrawing its interest in bidding for SABMiller’s former stake in Coca-Cola Beverages Africa (CCBA).

The Turkey-based firm, which is the fifth largest Coke bottler in the world, with operations in 10 Middle Eastern countries and employs 10,000 people, said that it has completed a “comprehensive evaluation into buying the 54% stake from The Coca-Cola Company (TCCC).