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: Water

No tariff increase on food items, luxury goods as earlier reported – FG

The Federal Ministry of Finance, on Friday, clarified that import duties on luxury goods and food items have not been raised, as was earlier reported.

In a statement issued by the Director of Information, Salisu Dambatta, the ministry said that contrary to some media reports that tariffs on such items have been raised, the government had no such plans at this critical period.

Dambatta further said that instead of increasing import duties, what the government did was to reduce most of the items based on the fiscal measures for 2016.

Sachet water producers’ balk at illegal fees

Producers of sachet water, also known as ‘Pure water’ in Lagos State are presently embroiled with the Lagos State Water Regulatory Commission (LSWRC) over a newly introduced collection of all water related fees by the agency.

A spokesperson for the Association of Table Water Producers (ATWAP) in the state accused the Executive Secretary of the Commission, Mr. Ahmed Abdullahi of allegedly diverting hundreds of millions of naira paid to the state into a private account owned by ‘Expanse Resources Consulting Limited’.

Nestle Nigeria marks 150 years Anniversary of company’s founding with factory tour

Nestle Nigeria Plc on Friday celebrated the 150th year anniversary of the company’s founding with a factory tour of its Agbara, Ogun State plant, with key stakeholders, in what the company described as “good nutrition”.

The tour which took place where the company manufactures Cerelac and Maggi Seasoning cubes gave Nestle an opportunity to discuss how its commitment to Creating Shared Values (CSV) meets some of the main societal nutrition and health needs of people in Nigeria.

Dansa Foods embarks on lay-offs, suspends juice production as recession takes its toll

Dansa Foods, a unit of Dangote Industries Plc, one of Nigeria’s largest conglomerates and private employer is reported to have sacked half of its workforce amid dwindling sales, tight liquidity and high cost of production attributed to the high foreign exchange costs in the country.

GSK Consumer Nigeria completes sale of drinks business to Suntory

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria Plc”) announced on Friday, 30 September that it had completed the divestment of its drinks business including bottling and distribution to Suntory Beverage & Food Nigeria Limited.

The transaction was originally expected to close on 31 August 2016, but GSK requested for additional time to enable both parties to comply with the terms of the Asset Purchase Agreement entered into on 31st March 2016.

Nestle Nigeria appoints Mauricio Alarcon as new Managing Director

Nestle Nigeria Plc has announced the appointment of Mr. Mauricio Alarcon as the new Managing Director of Nestle Nigeria Plc with effect from 1 October 2016. Mr. Alarcon replaces Mr. Dharnesh Gordhon, who has taken up a new position at Nestle Indonesia.

Mr. Alarcon joined Nestle Mexico in 1999 as an Area Sales Manager in the company’s Ice Cream business. From there, he moved up the ranks to Marketing Advisor at Nestlé’s Strategic Business Unit in Switzerland; then Marketing Manager for Nestlé’s Ice cream business in Australia; Business Executive Manager at Nestlé’s Ice Cream in Egypt. Under his leadership, the ice cream business turnover in Egypt more than doubled and the profitability improved in a challenging environment.

NUFBTE commissions second phase of Food Union Hotels amid pomp

The National Union of Food Beverage and Tobacco Employees (NUFBTE) celebrated the commissioning of the second phase of the Food Union Hotels and Suites, on August 12, 2016 in Ojodu-Berger, Lagos State.

The project which was conceived by NUFBTE was officially commissioned by Honourable Minister of Labour and Employment, Dr. Chris Ngige, alongside the President of the Nigerian Labour Congress (NLC), Comrade Dr. Ayuba Wabba.

Nestle opens new Water plant in Abaji, Abuja

Nestlé Waters has opened a new manufacturing plant in Abaji, Abuja. The N5.6 billion factory will produce Nestlé Pure Life water.

President Muhammadu Buhari on Thursday inaugurated the factory with a promise to make Nigeria an investment destination in Africa.

Giant Beverages Unveils Vitamin Water to the Nigerian Market

Giant Beverages Limited, makers of Valmont Premium bottled water has unveiled Giant Vitamin Water to the Nigerian market.

The brand which is a breakthrough product with a range of unique variants was introduced at a media briefing, which took place on Wednesday at La Maison Fahrenheit in Lagos.

Coca-Cola HBC sees shifting trend in consumer needs

Coca-Cola HBC said in its 2015 Integrated Annual Report that tough macro-economic environment have brought about changes in the way consumers shop, according to research done by the company.

The Switzerland-based bottler of Coca-Cola products in 28 countries, including Nigeria said in its Annual Report that consumer behaviour have shifted towards small baskets for top-up shopping, rather than larger stock-up shops. It blames the shift on the effects of the global financial crisis.