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

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.

Coca-Cola Icecek withdraws bid for CCBA partnership

Coca-Cola Icecek (CCI) said on Tuesday it was withdrawing its interest in bidding for SABMiller’s former stake in Coca-Cola Beverages Africa (CCBA).

The Turkey-based firm, which is the fifth largest Coke bottler in the world, with operations in 10 Middle Eastern countries and employs 10,000 people, said that it has completed a “comprehensive evaluation into buying the 54% stake from The Coca-Cola Company (TCCC).

Nigerians still Drinking Fanta, Sprite – CNN Poll

According to a recent poll conducted by CNN, majority of Nigerians are still drinking Fanta and Sprite despite the controversy surrounding the beverage brands with the recent High Court ruling.

The poll which was conducted by CNN Africa through its Twitter handle @CNNAfrica showed that 61% of respondents said that the news surrounding the brands has not changed their opinion about the drinks, while 39% of the respondents indicated they would no longer consume the drinks.

Nigeria ranked 4th largest market in soft drinks sales globally in 2016

According to a recent released statistics, 38.68 million litres of soft drinks were sold in Nigerian in 2016.

This was disclosed by Mrs. Martina Claus, Head of Market Development, German Engineering Federation, on Wednesday at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos.