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

UAC Foods appoints Oladele Ajayi as new Managing Director

The Board of UAC Foods Limited has appointed Dr Oladele Ajayi as its new Managing Director.

Dr Ajayi holds a PHD in Mechanical & Process Engineering from the University of Strathclyde, United Kingdom and an alumnus of the Advance Management Program of Harvard Business School.

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.

Rite Foods attains ISO 9001 certification as it seeks growth

Rite Foods Limited, the Ososa, Ogun State-based food and beverage manufacturer said it has received the Quality Management System certification also known as ISO 9001:2015 from the Standard Organisation of Nigeria, the country’s representative of the International Organisation for Standardisation.

The certificate is an international standard that is given to organisations that demonstrate the ability to consistently provide products and services that meet customer and regulatory requirements.

Nestle Nigeria lists initiatives taken to reduce plastic waste as it marks World Environment Day

Nestle said it has set a bold global ambition of making 100% of its packaging either recyclable or re-usable by 2025, as part of its pledge to play an active role in combating plastic pollution.

The company said it aims to help consumers dispose of used materials in the right way, while promoting a market for recycled plastics by continuing to increase the proportion of recycled plastics in its packaging.

Central Bank Gov pushes for better recycling of plastic waste

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday called for a better recycling of plastic waste in the country.

He made the proposal while speaking at an event to mark this year’s World Environment Day (WED) in Abuja.

This year’s theme for the World Environment Day is: ‘Beat plastic pollution’.

Employers Union decries high cost of doing business

Food, Beverage and Tobacco Employers (AFBTE) Union have lamented the rising cost of doing business in Nigeria.

The group said that the last one year had been toxic, pointing out that although Nigeria has emerged from a 15-month recession, the economy was still fragile.

Nestle partners FG to launch “Nestle for Healthier Kids” global Initiative

Nestle Nigeria plc, with assistance from the Federal Government has launch its “Nestle for Healthier kids” in Nigeria, a global initiative the food and beverage company unveiled on May 15, 2018 to fight acute malnutrition in children.

The programme was unveiled in Abuja to commemorate the International Day of Families, which includes further development of healthier products and advice for families on nutrition and exercise and aims at helping 50 million children worldwide to lead healthier lives by 2030.

Nestle Nigeria confident about the future

Food and beverage giant Nestle Nigeria plc, has said that it is optimistic the ongoing economic reforms and diversification agenda of the Federal government will lead to better performance and returns to shareholders in future years.

This was the view of the company’s chairman, David Ifezulike, while addressing Nestle’s shareholders at its Annual General Meeting (AGM) held on Tuesday in Lagos. He said that the current economic trend eases production constraints in manufacturing and agriculture and key government reforms continue to diversify the economy, an all-around improvement in the economy is expected.

Soaring finance cost puts a squeeze on Nestle Nigeria’s Q1 profit

Nestle Nigeria Plc, reported its first quarter results for 2018 on Friday, with the food and beverage company posting a net profit of ₦8.6bn, from ₦8.4bn in the previous year, a nearly 3% increase.

The company blamed the nearly flat rise in earnings on rising finance cost which includes interest expense and foreign exchange loss. Finance charge grew 182% to ₦879 million.

FOBTOB hails court judgement against Union busting firms

The National President, Food, Beverage and Tobacco Senior Staff Association (FOBTOB), Comrade Quadri Olaleye, has applauded the judgement of the National Industrial Court (NIC), ordering two Jos-based firms to recall 28 workers who were sacked three years ago for engaging in union activities.