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: Segment

Agric Minister commends FC WAMCO as biggest investor in local milk production in Nigeria

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has donated a portable motorized milking machine to FrieslandCampina WAMCO, while lauding the company as the biggest investor in Nigeria’s dairy sector.

The machine has a capacity to milk 50 cows a day. Chief Ogbeh made the symbolic donation while declaring open the National Livestock Conference organized by the Federal Ministry of Agriculture and Rural Development (FMARD) in collaboration with the Food and Agriculture Organization (FAO) taking place at the International Conference Centre, Abuja.

International Breweries to change its financial Year-end to December

International Breweries Plc (“IBPlc”) announced on Wednesday that it would be changing its financial year-end from 31 March to 31 December of every year.

In a statement released to the Nigerian Stock Exchange, the firm said that the first application would be for a nine months period ending 31 December, 2017.

Guinness Nigeria Makes Four New Executive-Level Appointments

Guinness Nigeria Plc has announced the appointment of four directors, as the foremost brewer re-energizes to optimize performance and execute its strategic growth plans. The appointments have taken effect.

The appointees are Bola Olajomi-Otubu, Human Resources Director; Colman Hanna, Supply Chain Director; Adenike Adebola, Marketing and Innovation Director (Guinness and Spirits) and Jody Samuels-Ike, Marketing and Innovation Director (Innovation, Lager, Consumer Connections and APNADS).

Guinness Nigeria appoints Mark Sandys to its Board as Non-Executive Director

Guinness Nigeria Plc, on Monday announced the appointment of Mark Sandys to its Board as a Non-Executive Director effective 30th August 2017.

Sandys, a long-serving executive of Diageo Plc with over 20 years’ experience has an MA degree in English and French from Balliol College, Oxford University in 1996.

In the over 19 years he has been with Diageo, he has served as a Senior Marketing Executive in different capacities including as Global Marketing Strategy & Innovation Director Baileys, Marketing & Innovation Director, Diageo Russia & Eastern Europe (based in Moscow), Category Director, Whiskey & Reserve, Asia Pacific.

NBC pledges commitment to government’s resolve to reduce unemployment

Nigerian Bottling Company (“NBC”), the bottler of Coca-Cola products in Nigeria has said it remains committed to supporting government’s efforts to reducing unemployment in the country.

The firm which is a subsidiary of Coca-Cola Hellenic Bottling Company (CCHBC) and the largest soft drinks company in Nigeria recently unveiled a management trainee programme.

Distell’s full-year revenue grew 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.

Anheuser-Busch pledges to create 10,000 jobs in South Africa by 2021

South African Breweries (SAB), a subsidiary of Anheuser-Busch InBev in South Africa, on Monday unveiled an ambitious programme to create 10,000 jobs in South Africa by 2021.

AB InBev which last year acquired SABMiller, a brewer with deep roots in South Africa said the jobs to be created would come from the company’s various entrepreneurship schemes such as SAB Kickstart, SAB Foundation, SAB Thrive and SAB Accelerator, as well as its agriculture programmes to grow emerging farmers.

Guinness Nigeria posts 23% revenue growth, returns to profitability in full-year

Guinness Nigeria Plc, said on Tuesday that revenue for the full-year ended 30th June 2017 grew 23% to ₦126bn, up from ₦102bn in the previous year.

The maker of Guinness Foreign Extra Stout and Dubic Lager said it returned to profitability for the first time in four quarters, posting a profit of ₦1.9bn, from a loss of ₦2bn.

Table water producers threaten to leave Lagos State over multiple levies

Producers of table water in Lagos State are threatening to leave the state en masse for neigbouring Ogun and Oyo states if Lagos does not take steps to harmonise its tax collection system.

“Our members are poised to relocate to Ogun and Oyo. We have 2,600 members, with each employing at least 20 workers,” Clementina Ativie, president, Association of Table Water Producers of Nigeria (ATAWAP), Lagos State chapter, said in Lagos.

Goldberg unveils Isedowo empowerment scheme in Ile Ife

Goldberg Lager beer, a brand of Nigerian Breweries Plc, on Thursday launched the much anticipated Isedowo Youth Empowerment Scheme at the palace of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi Ojaja II amid fanfare.

The event brought together other prominent Obas and chiefs from the Southwest as his Majesty Oba Ogunwusi commended Nigerian Breweries for the initiative which he said is a bold step at improving the lot of small scale entrepreneurs in the South West region.