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

FrieslandCampina WAMCO brings Dutch farmers for dairy knowledge transfer

Leading dairy firm FrieslandCampina WAMCO, makers of Peak milk and Three Crowns Milk is set to revolutionise the dairy industry in Nigeria. The company which is the leading firm in Dairy Development Programme in the country said, for the first time, it will bring the Farmer2Farmer programme to Nigeria. The Farmer2Farmer programme is a unique programme where certified dairy farmers from the Netherlands train and advice Nigerian farmers on best dairy farming practices, under the milk giant’s Dairy Development Programme (DDP).

Nestle to close DRC factory

Swiss food giant Nestle SA announced on Sunday that it would close its factory in Kinshasa, the Democratic Republic of Congo (DRC), a potential market of 80 million but one plagued by poverty and political instability.

“We will close our factory and offices by the end of January and continue developing our economic distribution model through third parties,” a company spokeswoman said.

Kebbi State seeks partnership with FrieslandCampina WAMCO on dairy development

As part of efforts to boost internally generated funds and improve the lives of its farmers, the Kebbi State Government has sought the assistance of dairy giant FrieslandCampina WAMCO, makers of Peak and Three Crowns milk, to explore the potential for livestock breeding, local sourcing and development in the state.

The Governor of Kebbi State, His Excellency Senator Abubakar Atiku Bagudu paid a courtesy visit to the dairy maker on Thursday, 9th November 2017.

Nestle Nigeria commits to increasing use of local raw materials

Nestle Nigeria Plc, has reiterated its commitment to growing the economy by simplifying its ingredients list and using more local raw materials.

The firm has also set a goal to source only eggs from cage-free hens for all its food products globally by 2025.

Cadbury Nigeria’s losses narrow as company struggles to return to profitability

Cadbury Nigeria Plc on Thursday reported a net loss of ₦64 million for the nine months to the end of September. The loss was an improvement from 2016 when the company posted a net loss of ₦842 million. The firm said that its fortune improved in the third quarter as it posted a net profit of ₦702 million, helping narrow the cumulative loss.

The Bournvita maker said that it saw a 14% increase in sales in the nine months to the end of September. Sales climbed to ₦24.3 billion (USD$66.9m) from ₦21.3 billion (USD$58.7m) in the previous year.

Cost savings initiatives, operating efficiencies boost Nestle Nigeria’s nine months profit

Nestle Nigeria Plc, one of the country’s largest Fast Moving Consumer Goods Companies (FMCG) said on Monday that revenue for the nine months to the end of September grew 43% to ₦185bn ($510 million), from ₦129bn ($355 million) in the same period last year.

The company behind such brands as Milo Cocoa drink, Nescafe Coffee, and Golden Morn among others said that the boost in sales was fueled by a strong consumer and distribution-led activities as well as benefits from last year’s price increases.

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.