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

Arla Foods restates commitment to safe, affordable food as it unveils Global Innovation Centre

Leading global dairy firm, Arla Foods has reaffirmed its commitment to addressing the growing need of people around the world, including Nigeria, for nutritious, tasty, safe and affordable food products. The company also promised to continuously participate in finding solutions for the global challenges related to obesity, under-nutrition, environment and climate.

FrieslandCampina WAMCO commissions new milk collection centre in Saki, Oyo State

FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns and Friso brands of milk and the pioneer milk manufacturer in Nigeria, has commissioned a fifth milk collection facility for its Dairy Development Programme (DDP) in Saki, Oyo State.

The facility was launched by his Excellency, the Executive Governor of Oyo State, Governor Abiola Ajimobi, on June 8, 2017 in Saki community, Oyo State.

FrieslandCampina WAMCO marks World Milk Day 2017 by engaging students on the versatility of milk

Nigeria’s leading dairy firm FrieslandCampina WAMCO, makers of Peak milk commemorated World Milk Day 2017 by bringing attention to the different ways milk can be used through the cook-with-milk 2017 Pecadomo Nutrition Contest. The event promoted the health benefits of milk and drew attention to the importance of preparing healthy, nutritious meals.

Nestle Nigeria mulls new investments to boost growth

Nestle Nigeria Plc, said it is weighing new investment proposals to bolster its nationwide production and distribution networks to drive growth.

The company made this known at its Annual General Meeting (AGM), which held recently in Lagos. Speaking at the event, the chairman of Nestle Nigeria Plc, Mr. David Ifezulike told shareholders that the company was considering a lot of investment proposals that should strengthen its operations.

Dano raises awareness of milk in combating malnutrition in celebration of World Milk Day 2017

Leading dairy firm, TG Arla, makers of Dano milk has partnered with the Nutrition Society of Nigeria (NSN) to help fight malnutrition in the country.

Speaking at a press briefing in Lagos to announce 2017 ‘World Milk Day’ theme – ‘Raise a Glass’ and the role milk plays in curbing malnutrition in society, President, Nutrition Society of Nigeria (NSN), Dr. Bartholomew Brai lauded Dano milk for taking the bold initiative to partner with NSN and contribute to the well-being of Nigerians.

FrieslandCampina WAMCO sustains growth despite harsh economic environment

Nigeria’s leading dairy firm FrieslandCampina WAMCO reported higher sales and profits in its full-year financial results for 2016.

At the company’s 44th Annual General Meeting, which held at the Muson Center, Onikan, Lagos on Thursday May 18, 2017, shareholders acknowledged the efforts of the Board of Directors and Management for the consistent performance despite the decline in economic activities and increased pressure on the naira.

Cadbury Nigeria’s CEO urges manufacturers to innovate to survive

The Managing Director and Chief Executive Officer of Cadbury Nigeria Plc, has advised colleagues in the Fast Moving Consumer Goods sector (FMCGs) to adopt flexibility to survive in the current economic climate in Nigeria.

Speaking at the April ‘Members’ evening of the Institute of Directors in Lagos, he advised manufacturers to embrace innovation.

In his speech titled ‘Proffering Solutions to the Challenges of the FMCG/Manufacturing Sector of the Nigerian economy’, the MD emphasized that manufacturers should not be frustrated at the various challenges facing them. Instead, they should be flexible to adopt new ways of doing things in the current economic condition.

Nestle Nigeria gains momentum as Q1 sales surge 69%

Nestle Nigeria Plc, appears to have the worse behind it as first quarter results showed a 69% increase in sales to N61bn, from N36bn in the same period last year.

The company which makes Milo, Nescafé coffee, among others saw a 32% jump in gross profit despite a skyrocketing cost of sales, which grew 105% to N38bn, from N18bn, fueled by inflation and a weakened naira.

Cadbury returns to profitability, posts N93m profit

Cadbury Nigeria Plc, the maker of Bournvita on Tuesday reported a 13% growth in revenue in its first quarter 2017 results. Sales climbed to N8bn from N7bn in the previous year.

The company which had posted back-to-back losses in the past two quarters due to declining sales caused by a weakened economy and competition declared N93m in net profit, albeit a drop of 86% when compared to last year’s N673m.

Peak launches N40 sachet milk

Leading dairy brand, Peak, a product of FrieslandCampina WAMCO has launched a new Peak milk sachet into the market at N40, a way to cushion the effects of the current recession and reach a broader market segment.

The new price scheme would also create a more heightened competitive environment in the Nigerian powdered milk market.

In a released statement to the media, the dairy giant noted that its customers deserve premium regardless of what the economy says.