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

Coca-Cola Nigeria to host second edition of ‘Customer Appreciation Week’

Coca-Cola Nigeria Limited has announced it will host the second edition of its annual Customer Appreciation Golf Tournament as part of its global Customer Appreciation Week, to celebrate and acknowledge its loyal customers across Nigeria.

According to the beverage giant, the golf tournament will be held across three cities in Nigeria – Lagos, Ibadan and Abuja, and will be attended and contested by key stakeholders, distributors, customers and the media. There will be six winners emerging from the well contested 18 hole tournament for customers. The winners will get to travel on an all-expense paid trip to Mauritius to participate in the AfrAsia Mauritius Open Pro-Am Tournament in November.

Coca-Cola, Lagos State Government partner to empower 1,000 women

The Lagos State Employment Trust Fund (LSETF), Coca-Cola Nigeria Ltd and its bottling partner, the Nigerian Bottling Company, have announced a partnership to empower 1,000 women in Lagos State.

The group said that through this partnership framework, the selected women would receive training in financial literacy and business skills as well as start-up capital to integrate them into the Coca-Cola value chain as retailers of the company’s beverage products.

Beta Glass names Ayobami Adebisi as new Company Secretary

Beta Glass Plc announced on Thursday the appointment of Ms. Adebola Ayobami Adebisi as its new Company Secretary effective 5 July 2018.

According to the company, Ms. Adebisi will replace Ms. Y. Titi Talabi.

Beta Glass sees growth acceleration continue in the second quarter

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

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.

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.

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.

TransCorp to divest from fruit juice concentrate maker, Teragro

Transnational Corporation of Nigeria (“TransCorp”) announced on Wednesday it will seek to divest its interest in fruit juice concentrate maker, Teragro Commodities Limited.

In a press release, TransCorp said a careful review of the long term proposition of its play in the juice concentrate market revealed a number of issues. As a result of this, the Board decided to exit its investment in Teragro Commodities Limited and is currently working together with the Benue State Government, a key stakeholder, towards identifying suitable partners to drive the value proposition of the business going forward.

Coca-Cola sustains growth in Q2, with help from reformulated Zero sugar drinks

Coca-Cola on Wednesday reported its second quarter results for 2018, with a profit growth of 69% to $2.3bn, from $1.37bn in the previous year, sustaining a momentum that began in the first quarter.

The Atlanta-based soft drinks giant credits its strong performance to rising volume of its trademark Coke as well as sparkling soft drinks. Volumes of its Coke branded soft drinks grew 2%, helped by growth of Coca-Cola Zero Sugar and Diet Coke, while sparkling soft drinks rose 2%, with water, enhanced water and sports drinks growing 4%.