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

Alcohol ban is not against Nigeria’s constitution – Kano State Hisbah DG

The Kano State Government has said that the ban of alcohol sales in the state does not contradict Nigeria’s constitution.

Dr. Abba Sufi, Director-General, Kano State Hisbah Board, an agency of the state government made the comments while responding to questions surrounding the recent seizure and destruction of over 30 trailer loads of beer in Kano State during the Christmas period.

Nigerian Stock Exchange downgrades NB’s Stock to Medium-Priced Status

The Nigerian Stock Exchange (NSE) on Tuesday reclassified Nigerian Breweries stock from its special status of high-priced stock to medium-priced stock after the leading brewer’s stock price fell below the required threshold for continuing to be held as a high-priced stock.

In a circular, the Exchange said that a review of Nigerian Breweries price trade activity in the last six months provided the basis for the reclassification of the company’s stock from high-priced to medium-priced.

The NSE classifies quoted companies into three categories, high-priced, medium-priced and low-priced, based on their market price.

Zim Delta Beverages raises beer prices by 25% as inflation soars

Delta Beverages of Zimbabwe announced on Monday that prices for its beers would go up by 25% as it tries to stem escalating prices of local materials and services.

Delta which is 40% owned by AB InBev and 14% by Old Mutual Zimbabwe, said that the price increase was effective from Monday. However, it added that it had not made a decision on new pricing for its soft drinks and other products.

CWAY branches out into alcoholic beverage line with Cheers Cocktail

CWAY Foods and Beverages Nigeria Limited, a company best known for its wide array of fruit-flavoured milk drinks such as Nutri-Milk and the more recent Nutri-Yo, a drinking yoghurt, as well as drinking water and dispensers has recently branched out into the alcoholic Ready-to-drink (RTDs) or mixed spirit drinks segment with the launch of “Cheers Cocktail.”

The company said their target markets are adults as they wind down after work or on a night out with friends in party and events.

Delta Zimbabwe withdraws plan to start charging customers in U.S. dollars only

Delta Beverages Limited, Zimbabwe’s largest brewer and a subsidiary of AB InBev has withdrawn plans to exclusively start charging its wholesale and retail customers in U.S. dollars following an intervention by the government and the country’s Central Bank.

Valio Lactose-Free Milk Powder launched in Nigeria

Valio milk powder was launched in Nigeria recently .

The lactose-free product which is a product of Finland was introduced into the country by Thompson & Grace Pharmaceuticals Limited (T & G Pharma), a leading pharmaceutical company in Lagos.

At the unveiling of the four variants of the milk product at separate events in Abuja and Lagos respectively recently, Managing Director/Chief Executive Officer of T & G Pharma, Dr. Isaac Amos declared that Valio milk produced in Finland by Valio Limited, and other dairy products from the company are easy to digest and they contain low carbohydrates and high protein content.

Zimbabwe’s Delta Beverages to start selling soft drinks in U.S. dollars

Delta Beverages Limited, a subsidiary of Delta Corp of Zimbabwe, said on Wednesday it will start accepting U.S. dollars as the only payment option for its soft drinks from wholesale and retail customers starting Friday, 4th January.

The company said that the move was necessary to protect its $600 million investment in plant and equipment, vehicles and ancillary services.

Cost saving initiatives lifts PZ Cussons Nigeria half-year profit

PZ Cussons Nigeria Plc, the maker of a wide range of consumer goods, said that half-year profit for period ending 30th November 2018 grew by 107% to N1.22bn from N589.5m, helped by cost management initiatives and improvement in net finance costs.

The company saw a 48% drop in administrative expense to N1.98bn from N3.8bn in the previous year. Net finance cost declined by 119% to N95m from N501m in the previous year, boosted by improvement in foreign exchange loss by 80%.

Recycling critical to environmental preservation, jobs – FBRA

The Food and Beverage Recycling Alliance (FBRA) has emphasised waste recycling, especially those of food and beverage packaging, as vital in environmental preservation.

According to FBRA, the value chain in the recycling process leads to job and wealth creation.

Kano State Religious Police destroy 30 trailer loads of beer

The Kano State Hisbah Board has seized and destroyed more than 30 trailer loads of beer.

The Board’s Public Relations Officer, Malam Adamu Yahaya, disclosed this in a statement in Kano on Tuesday.

Yahaya said that the cartons of beer were destroyed on Monday evening after interception at Kalebawa on Danbata Road in Dawakin Tofa area.