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

FOBTOB launches empowerment scheme for members’ children

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has launched a N1million empowerment scheme for children of its members who graduate with first class.

The union’s President, Quadri Olaleye, who revealed this at a luncheon in Lagos in honour of the media for their support for the union’s activities, explained that the award of N1million to brilliant youths was aimed at promoting academic excellence.

Cadbury Nigeria names Oyeyimika Adeboye as new Managing Director, Ogaga Ologe as Finance Director

Cadbury Nigeria Plc on Tuesday announced the appointment of Mrs Oyeyimika Adeboye as the company’s new Managing Director effective 1st April 2019. Mrs Adeboye takes over from Mr Amir Shamsi, who will take on a new role within Mondelēz International, the parent company of Cadbury Nigeria.

Mrs Adeboye would be the first woman Managing Director in Cadbury Nigeria history. Her appointment attests to the Company’s commitment to promoting gender equality, diversity and inclusion.

Cadbury Nigeria sustains growth momentum at full year

Cadbury Nigeria Plc reported a net earnings growth of 174% in 2018. Profit skyrocketed to ₦823m from ₦300m in 2017. The leap in profit was helped by a 9% sales growth to ₦35.9 from ₦33bn, with its flagship Bournvita and 3-in-1 Hot Chocolate, which contributed 59% of Group sales recording 17.55% sales increase.

FrieslandCampina WAMCO partners IFDC to increase milk production in Nigeria

FrieslandCampina WAMCO has partnered with the International Fertilizer Development Center (IFDC), a science-based public organization, in a project that aims to boost milk production for pastoralist milk producers in Nigeria.

Along with IFDC, the company said it will work together with pastoralist milk producers in Oyo State, to boost the quality and quantity of local milk and improve the livelihoods of farmers.

Nestle Nigeria posts 28% profit rise in 2018

Nestle Nigeria Plc, on Wednesday reported a 28% increase in profit for the full year 2018. The food and beverage giant said that profit rose to N43bn from N33.7bn in the previous year, benefiting from a 90% reduction in net finance cost to N900m. In the same period in 2017, finance cost was N8.9bn.

Revenue in the period grew 9% to N266bn from N244bn helping boost operating profit by 9%.

Kaduna State Govt commissions DFID-assisted milk, yoghurt processing plant

Kaduna State Government has commissioned a 500 litre per day capacity rural milk processing plant in Ladugga grazing reserve.

The plant commissioned by Deputy Governor of Kaduna State, Dr. Hadiza Balarabe, has the capability of processing 500 litres of raw milk into yoghurt.

Union hails FG for addressing high number of ‘Expatriates’

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) has commended the Federal Government for tackling the influx of expatriates in the country.

NUFBTE President, Comrade Lateef Oyelekan, was quoted as saying that prior to the election of President Muhammadu Buhari, the country was bedeviled with influx of foreigners, who disguised as expatriates to corner the scanty jobs meant for Nigerians, thereby making more competent Nigerians second class citizens.

Chellarams DMK unveils Real Active Chocolate Malted Drink

Chellarams DMK Limited, the dairy arm of Chellarams Plc, has extended its Real Activ product line with the launch of Real Activ Chocolate Malted food drink.

According to the company, the drink which contains twelve essential nutrients with immense nutritional benefit is targeted at children who need to be active in school and at play and adults who require constant energy for work even as it contains the appropriate amount of sugar needed.

Peak milk donates wheelchair accessible bus to Nigeria Para-powerlifting Federation

FrieslandCampina WAMCO Nigeria Plc, makers of Peak milk, presented a new mobility bus with wheelchair access to the Nigeria Para-powerlifting Federation on Tuesday, February 5, at the company’s headquarters in Lagos thus fulfilling its promise to the Para-powerlifters.

Cadbury collaborates with UNHC, donates Bournvita to IDP camps

Cadbury Nigeria Plc has announced the donation of Bournvita products, its flagship brand to some Internally Displaced Persons (IDP) camps in Nigeria, working in collaboration with the United Nations High Commission for Refugees.

In a statement, the company’s Corporate and Government Affairs Director for West Africa, Mr Bala Yesufu, said Cadbury was moved to make the donation by the plight of IDPs living in various camps in the country.