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: Dairy

Nestle Nigeria reaffirms commitment to youth entrepreneurship as it marks International Youth Day

Nestle Nigeria Plc said in a statement on Sunday that it is committed to providing support to young people by fostering youth entrepreneurship and helping the talented ones through training and job opportunities.

The message was conveyed by the company’s Corporate Communications and Public Affairs Manager, Victoria Uwadoka, on Sunday to mark this year’s International Youth Day on 12th August. Uwadoka in her statement said the company wanted to ensure the youths gained skills that would enable them contribute positively towards building peace in the society.

Chi launches Hollandia Choco Malt 3-in-1 Ready-to-Drink

Chi Limited, a leading Nigerian juice and dairy maker has unveiled a new product called Hollandia Choco Malt, a ready-to-drink chocolate, milk and malt drink to the market.

The product also referred to as “3-in-1 Yo” is said to appeal to a youthful consumer segment and is an innovative blend of chocolate, milk and malt that comes in trendy pack sizes of 135ml and 315ml. It can be consumed immediately after opening and delivers instant nutrition to consumers.

According to the company, Hollandia ChocoMalt drink is rich in vitamins and minerals, takes away the hassles and inconvenience involved in preparing Choco-based beverage drink the traditional way.

Promasidor Nigeria names Einarsson as new Managing Director

Promasidor Nigeria Limited announced on Tuesday the appointment of Mr. Anders Einarsson as its new Managing Director, taking over from Mr. Olivier Thiry, who has now been moved up to the chief executive officer position.

A statement from the company, said that until his elevation, Einarsson served the organization diligently as chief operating officer (COO). He joined PNG in 2013 as Strategy Director and was later promoted to the Finance Director position.

CWAY’s Nutri-Milk celebrates 10 year anniversary, unveils new logo

Nutri-Milk beverage, a brand of CWAY Foods and Beverages Nigeria Limited marked its 10th Year Anniversary recently in Lagos, as the brand unveiled a new logo.

At the event, the General Manager, CWAY Foods and Beverages Nigeria Limited, Figo Zheng, said the decade anniversary celebration was quite important for the company because it offered the management the opportunity to appreciate loyal customers who had stood with the company through thick and thin.

Chellarams suffers sales decline in full-year

Chellarams Plc, said on Friday that revenue for its combined packaged dairy business known as FMCG and its bulk milk ingredients business fell 44.5% to N4.5bn for the full-year ended 31 March, down from N8.1bn in the previous year.

The FMCG business alone which includes packaged Oldenburger, Regal and Real milk brands, as well as its Real Active malted food drink declined 39% to N3.8bn.  The firm recorded N6.3bn in sales in 2016.

Nestle Nigeria’s half-year profit boosted by revenue growth, lower finance cost

Nestle Nigeria Plc, reported a nearly 3000% increase in profits for the first-half of 2017. Net profit rose to N16.5bn from N535m in 2016.

The company which makes products such as Milo cocoa drink and Nescafe coffee, among others said that profit was boosted by a 54% surge in revenue to N121.9bn, from N80bn in the previous year.

Cadbury Nigeria slides to record N766m loss in half-year

Cadbury Nigeria Plc, the bournvita maker on Wednesday reported a half-year loss of N766m for the period ended June 30. In the same period a year ago, the company recorded a profit of N147m.

Despite growth in revenue of 16.9%, rising cost of sales which grew 33% in the period to N13bn, from N9.8bn, driven by inflation and higher foreign exchange rates had an adverse impact on gross profit, and on net finance cost, leaping 348% to N274m.

Dangote Group to expand into dairy production

Dangote Group, Nigeria’s largest company by market value, with interest in cement manufacturing, oil and gas, sugar, among others is planning to go into dairy manufacturing.

The company has confirmed plans to commence dairy farming in 2018, starting with 50,000 cows, with milk production to begin in 2019.

FG applauds FC WAMCO for pioneering local milk sourcing, development

The Federal Minister of Agriculture and Rural Development (FMARD), Chief Audu Ogbeh, has commended FrieslandCampina WAMCO, makers of Peak and Three Crowns milk, for laying the groundwork for local milk sourcing and development in the country, and for uplifting the lives of Nigerian dairy farmers.

The Minister made these comments on Monday July 10, while visiting the company’s state-of-the-art local milk collection facilities in Fashola Village and Iseyin town, both in Oyo State. The centres support the company’s Dairy Development Programme (DDP).

Chellarams forms strategic partnership with DMK Group

Chellarams Plc, a diversified food, beverage and industrial chemical manufacturer and distributor announced on Thursday it had entered into a new strategic joint-venture agreement with its long-time business partner, German-based dairy producer, DMK Limited. The new venture will be called Chellarams DMK Limited.

According to a statement released by the company, the primary goal of the new venture will be to manage the production, marketing, sales and distribution of a full range of dairy products across Nigeria.