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: Coffee & Tea

Drinking hibiscus tea may help reduce cardiovascular disease risk, says new study

A team of scientists from Nigeria and Britain studying the effects of consumption of hibiscus tea on cardiovascular health has found significant increase in ‘flow-mediated dilation’ of the brachial artery after participants consumed hibiscus tea after a meal. Flow-mediated dilation refers to the widening of an artery when blood flow increases in that artery, considered a gold standard to measure vascular endothelial function.

Cadbury Nigeria celebrates 30 employees with long service

Cadbury Nigeria Plc has celebrated some of its employees that have been with the company for a long time during its annual Long Service Awards.

The Director, Corporate and Government Affairs, West Africa, Bala Yesufu, said in a statement that Cadbury rewarded 30 employees for their length of service to the organization.

Giving a breakdown of the awardees, Yesufu said that 18 of the employees had spent more than 10 years with the company; nine employees were in the 20 years category; while three awardees had at least 30 years length of service with the firm. He added that 11 out of the 18 awardees in the 10 years category were from the company’s Ondo plant.

Nestle Nigeria reaffirms commitment to responsible sourcing

Nestle Nigeria Plc has reaffirmed it is committed to responsible sourcing at its last Supplier’s Day event held in Lagos.

The event brought together major players who supply raw materials, packaging materials, services and indirect materials to Nestle. It was an opportunity to consolidate existing relationships as well as ensure best practices in sourcing.

FIIRO develops technology to commercially extract Thaumatin, a natural sweetener

The Federal Institute of Industrial Research (FIIRO), Oshodi, Lagos, said it has developed a technology that can aid in the commercial extraction and optimization of high-grade Thaumatin, a low-calorie sweetener and flavor modifier.

The Director-General of FIIRO, Gloria Elemo, made this known at the International Conference on Alternative Sweeteners which held in Lagos recently,themed: “Harnessing of the Economic Potential of Thaumatin (Thaumatococcus danielli) in Africa”.

Unilever agrees to buy GSK Indian Consumer Nutrition Business, including Horlicks

Unilever announced on Monday it has agreed to buy GlaxoSmithKline Consumer Nutrition business in India, including hot malted drink Horlicks.

The deal is expected to cost Unilever €3.3bn ($3.8bn) and will be paid through shares of its Indian unit Hindustan Unilever as well as cash of no more than €639m.

Chivita Ice Tea rebrands

CHI Ice Tea, one of many brands from the stable of CHI Limited, is now Chivita Ice Tea. As part of the rebranding, seen as a strategic move to integrate with the Masterbrand Chivita, the brand handlers say that Chivita Ice Tea now comes in a new product pack that is more aspirational, modern and trendy, with the promise of the same refreshing goodness.

Food, Beverage & Tobacco Union lament high rate of retrenchment in sector

The Food, Beverage & Tobacco Senior Staff Association (FOBTOB) has expressed sadness over the increased rate of retrenchment of workers by employers in the sector.

The union urged the Federal Government to engage employers in the sector so as to halt the looming crisis the mass lay-offs in the sector may engender in the near future.

Lower finance charge, sales growth lifts Nestle Nigeria’s 9-months profit

Nestle Nigeria Plc reported a net profit growth of 44% in the nine months to the end of September.

The maker of Milo chocolate drink said that profit hit ₦33bn in nine months, with the growth accelerating in the third quarter, helped by an 85% drop in net finance cost to ₦1.27bn from ₦8.6bn.

Krispy Kreme Nigeria gets a boost from US envoy’s visit

Krispy Kreme Nigeria received a visit on Thursday from the American Ambassador to Nigeria, Stuart Symington.

The envoy extolled the doughnut company for its quality process. During the visit which gave Ambassador Symington a close-up view of Krispy Kreme’s operational processes, he commended the management for the quality of work in the production of doughnuts.

Coca-Cola expands into coffee as it acquires Costa Coffee chain for $5.1bn

The Coca-Cola Company (TCCC) said it has agreed to acquire British coffee chain Costa Coffee for $5.1bn expanding its reach into the global coffee market, where it has little presence. The acquisition also allows the soda giant to diversify away from its coke brand which has been experiencing declining sales as increasingly health-conscious consumers seek alternatives away from fizzy and sugary drinks.