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 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.

Promasidor supports government, private sector partnership to ensure a healthy environment

Dairy firm Promasidor Nigeria Limited, said that there needs to be a partnership between government and the private sector in order to achieve a healthy environment free from pollution.

The Head, Legal and Public Relations, Promasidor Nigeria Limietd, Mr. Andrew Enahoro disclosed this during an interview in Lagos recently. He said that maintaining a healthy environment was very important for any business to grow, adding that for this to take place, there needs to be compliance with laws governing environmental regulation.

FC WAMCO and Sahel Capital Partners Sign MOU on Collaboration to further Nigeria Dairy Development Programme

FrieslandCampina WAMCO Nigeria PLC and Sahel Capital Partners & Advisory have signed a Memorandum of Understanding (MoU) to collaborate on Nigeria Dairy Development Programme (NDDP).

The Nigeria Dairy Development Programme is a processor-led dairy programme collaboration between FrieslandCampina WAMCO Nigeria PLC, Nigeria’s leading dairy company and Sahel Capital Partners & Advisory Limited. The programme aims to strengthen the Dairy Transformation Agenda of the Government by demonstrating proof-of-scale in Nigeria’s processor-led initiatives for dairy development as modelled by FrieslandCampina WAMCO’s Dairy Development Programme (DDP).

Year ends with loss for Cadbury Nigeria

Cadbury Nigeria Plc, the Bournvita maker on Tuesday reported its full year results for the 2016 financial year, ending the year with a net loss of N296m, compared to N1.2bn profit in 2015.

The company which has been experiencing declining sales and low profitability in the last few years said that revenue grew 8% in the year ended to nearly N30bn. In 2015, the company recorded N28bn in sales. The sales growth in addition to a tax credit of N266m helped narrow the company’s losses from N842m in the 9-months to December.

FrieslandCampina WAMCO inspires its female employees, marks International Womens Day

FrieslandCampina WAMCO Nigeria PLC celebrated its female workforce to mark 2017 International Women’s Day.

The forum featured two leading women in Nigerian business who are inspiring young career ladies on their journey of discovering themselves and struggling to strike a work-life balance.

FrieslandCampina WAMCO receives National Productivity Merit Award

Nigeria’s foremost dairy nutrition company, FrieslandCampina WAMCO Nigeria PLC, has been conferred with the illustrious National Productivity Merit Award.

This recognition by the Federal Ministry of Labour was made during the National Productivity Order of Merit (NPOM) awards, which held at the conference hall, NICON Luxury Hotels, Abuja on 21st February, 2017.