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: Ready-to-drink

Soaring finance charge takes shine off Cadbury Nigeria’s profit

Cadbury Nigeria Plc, said if it wasn’t for soaring net finance charges, shareholders would have found more to cheer about in its first quarter results.

The Bournvita maker said that revenue grew 2% in the first three months of 2018 to ₦8.2bn, from ₦8bn in the previous year.

Guinness Nigeria sustains nine months growth as profits surge

Guinness Nigeria Plc, on Friday reported results for the first nine months of its financial year through March 2018, with revenue rising 17.39% to ₦105bn from ₦90bn in the previous year, sustaining a growth momentum begun in June ending 2017, when the firm regained profitability.

Nigeria to adopt African Standards on Sugar, Glucose

Nigeria is set to harmonize its standards with other African countries by adopting the African Standards on sugar and sugar products as well as develop Nigeria Industrial Standards for Glucose and Sucrose.

A technical committee chaired by the Standards Organisation of Nigeria (SON) met recently at its Lagos office to consider adoption of some African Standards under the aegis of African Organisation for Standardization (ARSO) and the development of other Nigeria Industrial Standards.

Nestle Nigeria restates its commitment to Ogun State

Nestle Nigeria Plc, has reaffirmed its resolve to the development of Ogun State, host of two of its three factories in Nigeria.

The consumer goods and beverage company restated its commitment while marking the 4th Edition of Ogun State Investors Forum, which is a collaborative effort between the company and the host government.

Sweet Nutrition introduces ‘Choco Love’ into the Chocolate drinks market

Sweet Nutrition Limited, a consumer goods company based in Ogun State and formerly known as Bayswater Industries Limited, has relaunched its chocolate malt drink, “Choco Love” into the market.

This unveil was marked with three landmark launch events in three different states around the country starting from Abuja to Port Harcourt, and finally Lagos. These events were masterfully organized to communicate the new brand’s presence to all stakeholders involved, as well as brand aspirations and a promise of quality.

Cadbury Nigeria returns to profit in full year 2017

Cadbury Nigeria Plc, reported its full year 2017 results on Monday, with the Bournvita maker posting a net profit of ₦300m ($826,000). In the same period in 2016, the company recorded a net loss of ₦296m.

The positive performance was driven by a 10% growth in sales to ₦33bn ($90 million) from ₦29.9bn. The firm also benefited from cost savings initiatives which saw selling & distribution costs as well as administrative costs decline by 7% and 23% respectively.

SON convenes stakeholder’s meeting to review standards for beverages

The Standards Organisation of Nigeria (SON) has stressed the need for Nigeria to generate her own data on Benzene level in soft drinks in order to arrive at the safe maximum level of benzoic acid or opt for alternative preservatives.

Mr. Osita Aboloma, the Director General of Standards Organisation of Nigeria (SON), stated this at the Technical Committee meeting on water, alcoholic and non-alcoholic drinks held in Abuja.

Coca-Cola to venture into alcoholic drinks

Coca-Cola has announced it would start making alcopops in Japan.

Alcopops are a special type of alcoholic beverages that mixes flavoured or real fruits such as apples, citrus, lemon and others with spirits like vodka, rum, etc.

Nestle Nigeria sustains growth at full year 2017

Nestle Nigeria Plc, said on Friday that revenue for the full year 2017 grew by 34% to ₦244bn ($674 million). In the previous year, the food and beverage giant posted ₦182bn in sales.

Net profit in the period under review jumped 326% to ₦33.7bn ($91 million), thanks to a 46% rise in Operating Profit and a nearly 50% reduction in net finance cost to ₦8.9bn ($24.5m) from ₦16.6bn.

Nestle opens new N4.1bn Milo RTD factory in Ogun

Nestle Nigeria Plc on Thursday opened its new Milo Ready-to-drink (RTD) factory in Agbara Industrial Area, Ogun State.

The new factory is said to have cost N4.1bn.

The Vice President of Nigeria, Yemi Osinbajo commissioned the new plant which is part of the company’s existing factory at Agbara for the past 37 years.