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

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.

Nestle Nigeria suffers earnings slump as unfavourable FX translation takes its toll

Nestle Nigeria Plc, on Wednesday reported its full-year results for the period ending December 2016, which showed net profit decline by 67% to N7.9bn, down from N23.7bn in 2015.

The chocolate drinks and coffee maker blamed the drop in profit on a combination of the impact of naira devaluation which caused the company’s net finance cost to skyrocket to N16.7bn, from N4.4bn in the previous year and the effect of the expiration of its pioneer “tax” status.

Viju Industries introduces new range of drinks

Milk-based drinks maker Viju Industries Nigeria Limited has unveiled its new and improved drinks, packaged in 150ml, 300ml and 330ml PET bottles respectively.

According to the company’s management, the new improved milk drinks come in different range – 300ml is offered in chocolate, wheat and yoghurt flavours, while the fruits and flavour milk range are packaged in 150ml and 330ml PET bottles. The company adds that the new drink and package sizes will enable both children and adults have value for their money.