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: Fruit Juices

CWAY’s Nutri-Milk celebrates 10 year anniversary, unveils new logo

Nutri-Milk beverage, a brand of CWAY Foods and Beverages Nigeria Limited marked its 10th Year Anniversary recently in Lagos, as the brand unveiled a new logo.

At the event, the General Manager, CWAY Foods and Beverages Nigeria Limited, Figo Zheng, said the decade anniversary celebration was quite important for the company because it offered the management the opportunity to appreciate loyal customers who had stood with the company through thick and thin.

Bob Geldof, Irish musician, activist takes minority stake in Blue Skies

Eight-Miles (8 Miles), a private equity firm with interest in Agriculture and technology and founded by Bob Geldof, the Irish singer known for his social activism and anti-hunger efforts in Africa, announced on Tuesday it had taken a minority stake in Blue Skies, an ethical fruit juice business with operations in Ghana, Egypt, South Africa and with sights set on expanding to Nigeria.

Avon Crowncaps posts loss despite strong revenue growth in Q3

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry and others said that revenue for the third quarter (Oct – Dec) rose 67% to N6.4bn, from N3.8bn in the prior period.

However, a higher cost of sales of N5.8bn, an 87% increase from the prior year’s N3.1bn left little gain in the form of operating profit to cover expenses.

No tariff increase on food items, luxury goods as earlier reported – FG

The Federal Ministry of Finance, on Friday, clarified that import duties on luxury goods and food items have not been raised, as was earlier reported.

In a statement issued by the Director of Information, Salisu Dambatta, the ministry said that contrary to some media reports that tariffs on such items have been raised, the government had no such plans at this critical period.

Dambatta further said that instead of increasing import duties, what the government did was to reduce most of the items based on the fiscal measures for 2016.

FG cuts import tariffs on 115 items including milk, tea

The Federal Government said on Wednesday it had approved the reduction of import duties on 115 items in various sectors of the economy as part of its effort to promote development in critical sectors of the economy.

The tariff reductions were approved by President Muhammadu Buhari as part of its fiscal policy measures of the Federal Government for the country.

The Minister of Finance, Mrs. Kemi Adeosun communicated the measures through a circular, which she said was in line with the provisions of the Economic Community of West African States Common External Tariff.

Health industry accused of sabotaging efforts to reduce sugar content in sweetened beverages

Advocates of sugar-tax on sweetened beverages such as Carbonated Soft Drinks (CSDs) in Nigeria say that health organisations as well as medical and public health institutions have been enabling the rise in new cases of diabetes and other non-communicable diseases (NCDs) in the country by accepting billions of naira in donations from soft drink manufacturers in the form of Social Responsibility donations.

Two die as policemen shoot at protesting Chi Limited workers

Two casual workers at Chi Limited, makers of fruit and dairy-based juices and yoghurt died when policemen who were called to the scene of protesting workers at the company’s factory in Ajao Estate, Lagos opened fire on them.

The deceased, a 19-year old Daniel Osikoya, and another worker, whose name is not yet known, died from wounds sustained from being shot in the thigh and leg.

Retailers of imported fruit juices come under increased pressure as NAFDAC enforcement spreads nationwide

Distributors and retailers of foreign made fruit juices are feeling more heat as the National Agency for Food and Drug Administration and Control (NAFDAC) spreads its enforcement tentacles across the country to remove the prohibited items from the markets.

NAFDAC declares war on fruit juice importers, retailers; raids shops in Kaduna, Onitsha

The National Agency for Food and Drug Administration and Control (NAFDAC) on Friday moved against importers and retailers of fruit juices in what the agency called a “mop-up” exercise of foreign banned juices in the country.

In Kaduna State, where the exercise was in full-swing, the agency’s Coordinator for the state, Mr. Natim Mullah-Dadi, said that the exercise was as a result of Federal Government import prohibition list with emphasis on super and central markets in the state.

Egypt raises tariffs on imports including fruit Juices, Ice cream

Egyptian Government has begun the process of implementing higher tariffs on 320 commodities including fruit juices and ice cream with the aim to reduce imports and boost local production, the Finance Ministry said.

The Government of President Abdel Fattah al-sisi passed a decree to increase tariffs with the objective of creating the necessary climate to attract investment into the country and give a strong boost toward increasing productivity, as well as cutting imports.