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

Nearly all dairy products consumed in Nigeria are imported, says Dangote

Aliko Dangote, Chairman, Dangote Group, says 98% of all dairy products consumed in Nigeria are imported.

“Ninety-eight per cent of all the milk and dairy products we consume in Nigeria are imported.

“This is why Dangote Group has planned to develop dairy plants, and develop homegrown milk production, to reduce importation,” he said.

PZ Cussons Nigeria suffers first quarter loss

PZ Cussons Nigeria Plc, makers of a wide range of consumer products including electricals, personal and homecare products, dairy brands, among others reported a loss of N123m in the first quarter of its 2018 financial year ending on 31 August 2017.

The company blamed its poor performance on higher cost of sales, driven by foreign exchange loss of N1.8bn. Cost of sales rose 17.6% to N12.9bn, while administrative expenses skyrocketed 42% to N1.87bn.

Price increases help lift PZ Cussons Nigeria’s year-end results

PZ Cussons Nigeria Plc, manufacturers of a wide range of consumer goods including Nutricima brands such as Yo, Coast, Nunu and Olympic yoghurt and milk brands reported a 15% rise in revenue for the full-year ending 31 May 2017. Sales reached N79.6bn from N69.5bn in 2016.

Profit for the year rose 73.1% to N3.7bn, helped by price increases implemented through the year to mitigate the effects of inflation caused by Naira devaluation and poor liquidity.

FrieslandCampina WAMCO Inspires 8 Young Researchers at 47th AGM and Scientific Conference of the Nutrition Society of Nigeria

FrieslandCampina WAMCO, makers of Peak and Three Crowns milk awarded cash prizes to eight young Nigerian nutritionists for their excellent scientific research presentations at the just concluded 47th Annual General Meeting and Scientific Conference of the Nutrition Society of Nigeria.

The awardees are all MSc & PhD students below age 35. They are Ifeoma Ezeh, Yetunde Ogundairo, Chukwuka Oluebube and Joy Amadi. Others are Michael Oderinde, Ebunoluwa Odeyinde, Chinenye Ekwueme and John Ebenezer.

Nestle Nigeria rolls-out Milo RTD as competition heats up in the RTD Cocoa, milk and malt segment

Nestle Nigeria Plc on Tuesday at its Lagos Headquarters unveiled a ready-to-drink version of MILO, the company’s flagship brand.

The company which launched the new RTD at a Retailers’ Conference said that the product is made from natural products like cocoa, malt and milk, adding that it contains no preservatives and provides essential nutrients such as proteins as well as Nestle’s blend of vitamins, ACTIVE-GO (vitamins B3, B2, B6, B12, Vitamins C & D) and minerals including calcium and iron.

Nestle Nigeria appoints Jagdish Kumar Singla as new Finance & Control Director

Nestle Nigeria Plc has announced the appointment of Mr. Jagdish Kumar Singla to the position of Finance & Control Director effective 1 January 2018.

Mr. Singla will be taking over from Mr. Syed Saiful Islam, the current Finance & Control Director who is being transferred to Nestle Pakistan with effect from 1 January 2018.

Mr. Singla who has been the Country Controller of Nestle Sri Lanka since 2014 joined Nestle India in 1990 and served in various roles at the company’s Moga Factory and in Management Accounting at Nestle’s Head Office in Switzerland. He also worked as Nestle’s Factory Controller in Shuangcheng, China from 1997 and later as Business Controller for Nestle Milks and Nutrition for Greater China Region.

Top Cows’ Milk Producing Countries In The World

Cow milk is a nutritious liquid and known to be consumed by humankind for centuries. Its consumption had probably started with the domestication of the cow. Nowadays, milk is processed before packaging to ensure that harmful bacteria in the milk are killed. Apart from being popular as a beverage, cows’ milk is used to make a large number of products, including cheese, cream, butter, yogurt, liquid milk, ice cream, whey protein, and many more. In cows’ milk’s raw state, more than 87 percent of its chemical composition is water, while the other 13% consists of such dietary components as butterfat, whey and casein proteins, lactose (milk carbohydrates/sugars), and ash (vitamins and minerals).

Nigerian cows produce less milk than cows in other countries – Minister of Agriculture

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said that cows bred in Nigeria top the list of worst milk producing cows in the world.

The minister made the assertion at the 79th anniversary of Ikoyi Club 1938 in Lagos on Thursday.

He said that an average Nigerian cow produces less than one litre of milk per day compared to its counterparts in other countries where they produce as much as 100 litres per day.

Royal FrieslandCampina announces leadership change; CEO Roelof Joosten to step down next year

Netherlands-based Royal FrieslandCampina N.V., one of the world’s leading dairy firms and the parent company of FreislandCampina WAMCO, announced on Wednesday that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO).

Schumacher became a member of the Executive Board and Chief Financial Officer (CFO) of Royal FrieslandCampina in January 2015. Prior to this, he worked at Heinz in both financial and general management positions in the Netherlands, the United States, the UK and China.

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.