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

Alcohol manufacturers mull price increase as new excise tax takes effect

Alcohol manufacturers in the country are set to raise prices on their goods following the increase in excise duty by the Federal Government on the product which came into effect on Monday June 4, 2018.

According to a report on Friday by the Punch Newspaper, manufacturers said their price increase will take effect immediately and in tandem with the new excise duty regime ushered in by the government.

Distillers, MAN urge FG to reconsider new duty on alcohol, tobacco

The Distillers and Blenders Association of Nigeria (DIBAN) has appealed to the Federal government to suspend the implementation of the new excise duty increase on alcohol and tobacco, warning that its imposition could affect the industry’s fortunes and lead to massive job losses.

The association was speaking on Wednesday at a joint news conference held with the Manufacturers Association of Nigeria (MAN) at their Lagos office to protest the new excise duty increase on wines and spirits. The group vowed to resist what they described as “astronomical hike in the excise duty”, lamenting that it will endanger over 250,000 jobs and put at risk investments worth over ₦420bn.

Nestle Nigeria lists initiatives taken to reduce plastic waste as it marks World Environment Day

Nestle said it has set a bold global ambition of making 100% of its packaging either recyclable or re-usable by 2025, as part of its pledge to play an active role in combating plastic pollution.

The company said it aims to help consumers dispose of used materials in the right way, while promoting a market for recycled plastics by continuing to increase the proportion of recycled plastics in its packaging.

Central Bank Gov pushes for better recycling of plastic waste

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday called for a better recycling of plastic waste in the country.

He made the proposal while speaking at an event to mark this year’s World Environment Day (WED) in Abuja.

This year’s theme for the World Environment Day is: ‘Beat plastic pollution’.

FrieslandCampina WAMCO celebrates World Environment Day, marks 2000 days LTA free

FrieslandCampina WAMCO Nigeria PLC, makers of Peak and Three Crowns milk has announced its safety feat of achieving 2000 days of Lost Time Accident (LTA) free operations.

Announcing this in Lagos, the Managing Director, Mr. Ben Langat, emphasized that the company attained five years plus 175 LTA-free days on World Environment Day, June 5, 2018.

Group takes FG to court over new excise duty rates increase on alcohol, tobacco

A Non-Governmental Organisation (NGO), the Business Renaissance Group (BRG) has dragged the Federal Government to court to prevent it from implementing the new excise duty rate increase on alcohol and tobacco which went into effect earlier on Monday.

The suit was brought to court by Christian Hon, from the Law firm of J-K Gadzama (SAN), on behalf of the group.

BRG had in in May staged a protest at the National Assembly, calling the new excise duty rate increase, ‘Killer Taxes on alcohol and beverages’.

Budweiser Nigeria makes audacious offer; free beer if Eagles make Quarter Finals

Budweiser Nigeria, a brand of International Breweries plc will be celebrating Nigeria’s Russia 2018 World Cup outing with the most daring offer. As part of its global campaign “Light Up the FIFA World Cup,” the brand is challenging the national team to make it to the world-cup quarter finals and the drinks would be on the house. Every Nigerian gets a free beer.

To be a part of this excitement, fans are asked to go to Budweiser Nigeria’s Twitter page @BudweiserNG and visit www.freebudforeverynigerian.com. Once on the site, you can register to get your unique QR code for redeeming your free beer at any Spar outlet nationwide.

Phyno becomes new Brand Ambassador for Life Lager

Phyno has signed to become the new brand ambassador for Life Continental Lager beer.

The music crooner joins Flavour N’abania as brand ambassadors for the beer produced by Nigerian Breweries Plc.

The deal which was signed on 31st May 2018 at the brewer’s corporate headquarters in Lagos will see the new brand ambassador featuring in Life Continental Beer advertising and marketing campaigns and will also make special appearances at events.

New Excise Duty rates for alcohol, tobacco comes into effect

The Federal Government’s new excise duty rate on alcohol and tobacco came into effect on Monday, June 4, 2018.

Speaking in Abuja on Sunday, the Minister of Finance, Mrs Kemi Adeosun explained that the new excise duty rates which was first announced in March was spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the products.

The minister further said that the 90-day grace period given by the president to all manufacturers before the commencement of the new excise duty regime ended on Sunday.

Coca-Cola Nigeria, others seek collaboration on water sustainability

Stakeholders drawn from water related field in the public sector, NGOs, corporations, including Coca-Cola Nigeria have highlighted the importance of partnerships to address water usage, and shortages in the country.

Speaking at a Sustainable development symposium organized by Pan Atlantic University, part of the Lagos Business School in Lekki, Lagos with the theme ‘From Global Goals to Local Action: Catalyzing Action Towards Sustainable Water Development’, the group declared there was need for increased partnership among government, corporations and non-profit organisations to work together in promoting sustainable water provisions and management in Nigeria which they noted would go a long way in bridging the demand gap for water access in communities.