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 Nigeria trains Internally Displaced Women to start small scale businesses

Coca-Cola Nigeria Limited said it has provided 50 Internally Displaced (IDP) women with quality personal development and small business appreciation training as part of its 5by20 Women Economic Empowerment Initiative.

At a two-day programme tagged ‘IDP Women Value Chain Integration Programme’ held at Sesor Empowerment Foundation training complex in Igbo-Efon, Lekki, Lagos, on the 18th and 19th December 2017, the women were provided with adequate training that will enable them to start their respective small-scale businesses.

Nampak year-end result weighed by weak consumer demand, tough operating environment

Nampak Limited, South Africa-based beverage can, bottle and paper producer said that its full year results ending on 30th September were negatively impacted by economic headwinds, leading to decreased consumer spending characterized by trading down, product substitution and downsizing to smaller sizes.

The firm which is Africa’s largest manufacturer of cans, bottles, plastic and paper packaging for the food and beverage industry with operations in several African countries including Nigeria and the UK said that revenue for the 2016/2017 financial year fell 2% to R18.8bn ($1.37bn) with Operating profit before capital profit on sale and leaseback of properties growing 14% to R961m ($70m). However, net profit declined 76% to R356m ($26m), caused by the one-off comparison of R1.36bn ($99m) capital profit on sale and leaseback in 2016.

Rights Lawyer/Activist back FOBTOB; calls on AFBTE to meet workers’ demands

Human rights activist and labour lawyer, Mr. Femi Aborisade, has called on employers in the Food, Beverage and Tobacco sector, Association of Food, Beverage and Tobacco Employers (AFBTE) to accede to the demands of workers in the sector, (Food, Beverage and Tobacco Senior Staff Association) FOBTOB, by granting them the 20% pay rise they have sought and bring to an end the industrial strike.

Campari buys Distell’s Bisquit Cognac

Italy-based Gruppo Campari said it has signed an agreement to buy cognac brand Bisquit from South Africa’s Distell Group for €52.5m ($62m).

Commenting on the acquisition, Campari CEO Bob Kunze-Concewitz said, “We are very pleased to have acquired Bisquit Cognac, as it gives us the opportunity to expand our offering into the premium and growing cognac category.”

Schweppes Novida unveiled in Nigeria

Schweppes Novida Pineapple, a product of the Coca-Cola Company was recently launched in Lagos on 15th December 2017 amid fanfare.

The brand threw an extravagant, classy black carpet party headlined by music crooner DBanj, which also had performances from Ayo Drums and very lively, classic tunes from Godwin the violinist.

The new variant of Schweppes is a fruity flavoured Non-alcoholic malt beverage. According to the brand handlers, Novida means New Life in Portuguese.

Promasidor holds Annual Distributors Award in Dubai

Promasidor Nigeria Limited, makers of Cowbell and Loya Milk, Top Tea and others held its Annual Distributors Award Forum this year in Dubai.

The event was attended by the company’s top officials including its Managing Director, Mr. Anders Einarsson, Regional Sales Manager, North Central, Mr. Fakulude Bamidele and its most valued distributors.

Football great Thierry Henry unveiled as Guinness Nigeria Brand Ambassador

Guinness Nigeria Plc on Sunday unveiled Arsenal and France legend Thierry Henry as the ambassador for their ‘Made of Black’ campaign.

The unveiling ceremony took place along with a media press conference at the Landmark Event Centre, Victoria Island, Lagos.

Nigerian Breweries wins Consumer Goods Award for the Breweries Sector

Nigerian Breweries Plc, was recently awarded the 2017 Sectoral Leadership Award in the ‘Breweries Category’.

The Performance Earnings and Returns Leadership (PEARL) Awards recognizes and rewards publicly quoted companies for outstanding operational and stock performance in order to enhance the vibrancy, growth and development of the capital market. Criteria for the PEARL Awards are based on verifiable indices, facts and figures published in the Nigerian Stock Market Annual (NSMA).

While commenting on the award, Corporate Affairs Adviser, Nigerian Breweries Plc, Kufre Ekanem, stated: “We view this award as recognition of our previous performances and as our call to duty to keep delivering value.

AB InBev ready to take on NB, Guinness

International Breweries Plc (“IBPLC”), the Nigerian unit of Belgian brewer, Anheuser-Busch InBev said, it was battle-ready to take on its competitors in the Nigerian market – Nigerian Breweries Plc and Guinness Nigeria Plc. IBPlc on Thursday finalized a three-way merger with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited.

International Breweries completes three-way merger; lists 5.3bn additional shares on Stock Exchange

International Breweries Plc, on Thursday notified the Nigerian Stock Exchange (NSE) that it has listed 5.3bn additional shares on the Exchange, capping what has been a grueling six months for the firm to merge with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited.

The brewing company which is an indirect subsidiary of Anheuser-Busch InBev and the only listed company on the NSE out of the three merging entities notified dealing members of the Nigerian Stock Exchange of the additional share listing.