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

Cadbury Nigeria Half-Year revenue fall 1.6% on headwinds, competitive pressure

Cadbury Nigeria Plc, said on Wednesday that revenue for the six months ending in June 30, 2016 fell by 1.6% to N13.9bn, from N14.1bn in the same period a year ago.

While revenue was off by 1.6%, the maker of Bournvita posted a healthy profit after tax of N147m for the period, a 159% increase from 2015.

GSK Nigeria shareholders vote to sell beverage business to Suntory

Ribena and Lucozade brands

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria”) said on Monday that shareholders of the company have approved the sale of its beverage unit to Suntory Beverage & Food Nigeria Limited.

Euro Global Introduces Power Bitters Lite

Power-Bitters-lite

Euro Global Foods and Distilleries Limited, makers of a wide range of alcoholic and non-alcoholic beverages such as Sabrina Gin, Amphora range of wines, Julius Tonic wine, among others has introduced yet another drink into the market, Power Bitters Lite.

Power Bitters Lite is a lighter version of Power Bitters, which was introduced into the market in February. According to the company, the Lite version has lower alcohol content.

GSK Nigeria dispels rumours of pending lay-offs after sale of beverage business

GlaxoSmithKline Consumer Nigeria Plc (GSK Nigeria) has put to rest fears of planned lay-offs post sale of its beverage business to Suntory.

Speaking to journalists in Lagos, GSK’s company Secretary, Mr. Uchenna Uwechia, said that the company’s Board of Directors has accepted Suntory Beverage & Food Limited offer to buy its beverage bottling and distribution business.

He noted that the Nigerian Stock Exchange (NSE) has been informed of its proposed plan to sell its beverage business as part of a post listing requirement of the exchange.

GSK Nigeria agrees to sell beverage unit to Suntory

GlaxoSmithKline Consumer Nigeria Plc (“GSK Nigeria”) said on Wednesday, it has accepted and is recommending to its shareholders, a binding offer from Suntory Beverage & Food Nigeria Ltd, a subsidiary of Suntory Beverage and Food Limited (“SBF”) of Japan, for the sale of its beverage unit, which includes bottling and distribution of Ribena, Lucozade and part of its Agbara plant.

Cadbury Nigeria’s Q1 revenue rise 6%

bournvita

Cadbury Nigeria Plc, makers of Bournvita, said revenue for the first quarter (Q1 2016) rose 6% to N7.1bn, from N6.7bn a year earlier.

Why do Nigerians Consume bitters?

In recent times, the Nigerian market has been flooded by all kinds of bitters and they enjoy high patronage among consumers. However, so much is not known about the origins and effects of these bitters on the body. The News Agency of Nigeria (NAN) conducted a qualitative survey of consumers all across Nigeria recently to get their take on why they consume bitters.

Some of them include Yoyo, Alomo, Orijin, Agbo, Action, Washing and Setting, Baby-Oku, Skelewu, Man-Power, Swedish, Goko Cleanser, Ruzu, kola nuts, bitter kolas as well as Chinese and India bitters, among others. Such bitters are sold in all manner of places which include markets, stores/department stores, supermarkets, highways, roadsides, buses/vehicles and more.

GSK Consumer Nigeria posts 37% profit decline in the latest quarter

GlaxoSmithKline Consumer Nigeria Plc, the company behind beverage brands Lucozade and Ribena, among others, said on Thursday that its net income for the period January – March 31 2016 declined 37% to N188m, from N297m in the same quarter a year earlier.

Nestle Nigeria’s first quarter net profit jump 126%

It should be all smiles at Nestle Nigeria Plc as the consumer goods company posted one of its best quarterly performances in years with a 126% rise in net profits to N6.7bn, from N3bn in the same period a year ago.

Nestlé’s revenue trajectory for the first quarter rose 31% to N36bn, from N28bn in the same period a year ago.

Nigerian Breweries flags-off 2016 Edition of Maltina Teacher of the Year Awards

Nigerian Breweries Plc flagged-off the 2016 Edition of Maltina Teacher-of-the-Year Awards in Lagos on Wednesday, April 26th 2016.

The Award is meant to recognize and celebrate exceptional teachers in ALL Secondary schools in Nigeria.