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: Soft drinks

PepsiCo’s earnings boosted by higher prices, healthier drinks and snacks

PepsiCo received a strong boost in earnings as higher prices helped lift first quarter results. The company best known for its Pepsi cola brand said that revenue grew 2% to $12bn in the first three months of the year, while profits jumped 41% to $1.32bn, from $931m in the previous year.

The soda giant said that there was a strong demand for its healthier drinks and snacks and it also kept a lid on costs as selling and administrative expenses fell 5% from the previous year’s period.

Coca-Cola suffers sales and profit slump in Q1 on refranchising costs, headwinds

Atlanta-based Coca-Cola said on Tuesday that revenue for the first quarter ending on March 31, 2017 fell 11% to $9.1bn, while profit dropped 20% to $1.18bn. The poor performance was blamed on headwinds related to acquisitions, divestitures and costs associated with the ongoing North American bottling refranchising programme, as well as foreign exchange headwinds.

Ebonyi State bans serving of Coca-Cola branded Soft drinks at State functions

The Ebonyi State Government has become the first State in Nigeria to restrict the consumption of Coca-Cola products in the state.

Concerned with the recent ruling by a Lagos State High Court against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC) on the alleged health effects of consuming Fanta and Sprite, Ebonyi State Governor, David Umahi on Tuesday issued an order, banning the serving and consumption of Coke, Sprite and Fanta at government functions in the state.

CPC gets new head in major agency shake-up

President Muhammadu Buhari has replaced the Director-General of the Consumer Protection Council (CPC) and 22 other Federal Government agencies in what appears to be a major agency shake-up.

The CPC was formerly headed by Mrs. Dupe Atoki, who earlier this week released the results of her agency’s investigation on the level of additives contained in soft drinks produced in Nigeria.

Suntory defends integrity of its brands – Lucozade

Suntory Beverage & Food Nigeria Limited, makers of Lucozade has guaranteed its customers that Lucozade does not contain benzoic acid as stated in a recent laboratory report by the Consumer Protection Council (CPC). The company went on to say that its products are safe and healthy for human consumption.

The beverage giant, which took control of Lucozade and Ribena brands from GlaxoSmithKline Consumer Nigeria Plc (“GSK Nigeria Plc”) last year said it became necessary to clarify the contents of its drink after media reports claimed that laboratory analysis conducted by the CPC showed high levels of benzoic acid in Lucozade, above the Nigerian Industrial Standard (NIS) which is 250mg per kg.

Fijabi Adebo appeals court ruling, seeks compensatory damage from NBC

Fijabi Adebo, the man at the center of the Fanta, Sprite High Court ruling has appealed the lower court’s judgement to an appellate Court seeking unspecified damages from the Nigerian Bottling Company (“NBC”).

In the appeal filed at a Lagos Apellate Court, his counsel, Mr. Abiodun Onidare, argued that the trial judge failed to award damages and grant the reliefs sought by the petitioner, Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against NBC.

Ajeast rolls out Big Volt Energy Drink

Ajeast Nigeria Limited, makers of Big Cola soft drinks have introduced yet another brand into the Nigerian market called – Big Volt Energy Drink.

At the unveiling of Big Volt in Lagos recently, Theo Williams, Country Manager, Ajeast Nigeria Limited, said that Big Volt is locally produced, and that consumers would have a viable alternative to existing foreign brands.

CPC calls for review of levels of additives in soft drinks

The Consumer Protection Council (CPC) on Tuesday released its results of findings on the level of benzoic acid and sunset yellow found in Fanta and Sprite as well as other soft drink brands bottled in the country.

The Council said it was compelled to launch an investigation following the public outcry after a Lagos High Court ruled in the case of Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC).

FG Panel reports on Fanta, Sprite investigation this week – Health Minister

The investigative panel set up by the Federal Government to look into the controversy surrounding certain acids in Fanta and Sprite, products of the Nigerian Bottling Company (“NBC”) will report its findings this week.

The Minister of Health, Prof Isaac Adewole, revealed this to the media in Abuja.

Beta Glass maintains momentum as year-end profit surge 91%

Beta Glass Plc, the glass container and metal crowns company on Friday reported its results for the 2016 financial year, with the firm maintaining the same momentum it experienced in the first nine months of the year.

The company said that full year profit grew 91% to N3.8bn, from nearly N2bn in the previous year, driven by a surge in local demand as foreign exchange headwinds force a drop in imports.