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: Segment

La Casera unveils ‘Full Option SKUs’ of famous Apple drink as it marks International Fruit Day

The La Casera Company (TLCC) has announced the launch of ‘Full Option SKUs’ of its famous apple drink. The soft drinks company said that the unveiling of different sizes of the same product is to ensure that everyone can enjoy premium apple at affordable prices.

According to the firm, the flagship brand (La Casera Apple drink) is now available in 35cl, 50cl and 60cl PET bottles.

Newly opened Krispy Kreme store in Lagos shuttered over alleged use of expired ingredients

The Consumer Protection Council (CPC) announced on Wednesday through its twitter handle that it had shut down the Victoria Island, Lagos store of Krispy Kreme.

The consumer watchdog disclosed that it, in collaboration with the National Agency for Food and Drug Administration and Control (NAFDAC) carried out a quality inspection of products, facilities and operations of the doughnut company.

AB InBev to build new brewery in Mozambique, set to open new Nigerian brewery

AB InBev has announced it will start the construction of a new brewery in Mozambique in the second-half of 2019, putting it in direct competition with rival Heineken N.V. which announced in December it will build a $100 million brewery in the Southern African country.

The Belgian-based brewer said that the new facility will produce about 2-million hectoliters of beer a year, but declined to disclose the size of the investment. However, it noted that the land acquired for the project would be big enough for further expansion in the future.

UK firm takes majority stake in Ajeast Nigeria

A UK-based private equity firm, Duet Private Equity (DPEL), has acquired a majority stake in Ajeast Nigeria Limited, a subsidiary of Peru-based AJE group.

DPEL is said to have invested over US$50 million in the acquisition and a significant share will be used to expand Ajeast’s presence in Nigeria.

PepsiCo’s Nooyi to leave post

Indra Nooyi, the long-serving Chief executive Officer of Purchase, New York based PepsiCo is to step down from her post after 12 years.

The 62-year old Nooyi, who has been with the company for 24 years, will cede the CEO role to 54-year old Ramon Laguarta, a Spaniard and 22-year veteran of the soft drinks giant.

Heineken agrees to Cross-Shareholding deal with China Resources

Heineken N.V has agreed to sell its China business to China Resources Beer Holding Company Limited (CRH Beer Ltd) in exchange for a 40% stake in the company. CRH Beer is the parent company of CR Beer, China’s largest beer company and maker of popular Snow beer in China.

The $3.1bn investment will give Heineken a strong local partner in a market where it has struggled to break into ever since entering the market in 1983.

FBRA, Lagos State partner on plastic waste clean-up and recycling

The Food and Beverage Recycling Alliance (FBRA), a group made up Coca-Cola Nigeria Limited, Nigerian Bottling Company, Nestle Nigeria plc, Seven-Up Bottling Company and Nigerian Breweries Plc has announced a partnership with the Lagos State government, through its Ministry of Transportation, to rid the states waterways of plastic and packaging waste.

Nestle Nigeria sustains growth as half year profit rise 30%

Nestle Nigeria Plc, said that its profits grew 30% to ₦21.4bn in the six months to the end of June 2018. In the previous year, the food and beverage firm recorded a profit of ₦16.5bn.

The growth in profit was helped by an 11% growth in sales to ₦135bn, from ₦121.9bn in 2017. The beverage segment which accounted for 37% of group sales recorded a 15% rise in sales to ₦50.1bn, while the food segment which accounted for 63% of group sales saw a 9% sales lift to ₦85.1bn.

Nestle Nigeria sees immense export potential in AFCFTA

Nestle Nigeria Plc has said it sees huge export opportunities in the African Continental Free Trade Agreement (AFCFTA).

In a media briefing in Lagos recently, the Head of Communications and Public Affairs, Nestle Nigeria Plc, Gloria Nwabuike, said, there is a lot of potential in the AFCFTA.

Nigerian Breweries records 22% profit decline in half year as new tariff regime, weak sales, currency headwinds impacts sales

Nigerian Breweries Plc has said that the impact of the new excise duty rate on alcohol has shaved-off 22% from its net profit for the first six months of the 2018.

The company best known for its Star Lager beer said that profit after tax fell to N18.4bn, from N23.7bn earned in the first half of 2017. The impact was felt more in the second quarter when net profit dropped 33% to N8.22bn, from N12.3bn in the prior year.