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

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.

Nestle Nigeria restates its commitment to Ogun State

Nestle Nigeria Plc, has reaffirmed its resolve to the development of Ogun State, host of two of its three factories in Nigeria.

The consumer goods and beverage company restated its commitment while marking the 4th Edition of Ogun State Investors Forum, which is a collaborative effort between the company and the host government.

New study claims presence of micro plastics in bottled water

A new study released on Thursday by Orb Media, a non-profit journalism organization working with scientists from the State University of New York in Fredonia claims that 93% of sampled global bottled water tested show ‘some sign of micro-plastic contamination’.

The study examined 259 bottles from nine countries and 11 brands produced by transnational companies including Aquafina (PepsiCo), Dasani (Coca-Cola), Evian (Danone), Nestle Pure Life and San Pellegrino (Nestle).

CWAY urges table water distributors to maintain proper hygiene

CWAY Nigeria Drinking Water Science & Technology Company Limited, has tasked its water distributors to constantly embrace proper hygiene within their premises.

The company noted that although government has set hygiene standards but operators of water depots should go above the sanitation standards set by the government.

SON convenes stakeholder’s meeting to review standards for beverages

The Standards Organisation of Nigeria (SON) has stressed the need for Nigeria to generate her own data on Benzene level in soft drinks in order to arrive at the safe maximum level of benzoic acid or opt for alternative preservatives.

Mr. Osita Aboloma, the Director General of Standards Organisation of Nigeria (SON), stated this at the Technical Committee meeting on water, alcoholic and non-alcoholic drinks held in Abuja.

UACN to liquidate Warm Spring Waters Nigeria Limited

United Africa Company Nigeria Plc (“UACN Plc”), a diversified conglomerate and one of Nigeria’s oldest companies announced on Thursday that it will wind up the assets of one of its subsidiary businesses, Warm Spring Waters Nigeria Limited, makers of ‘Gossy’ Table Water based in Ikogosi, Ekiti State.

The company cites weak operational performance due to problems associated with the rural location of the plant at the source of the spring water, logistical challenges, 100% reliance on company-generated power and a difficult operating environment as reasons to shut the business.

Warm Springs Waters commenced business in 2002 in Ikogosi, Ekiti State, in partnership with the Ekiti State Government and some private investors to produce premium quality spring water under the ‘Gossy’ brand.

Coca-Cola Nigeria unveils 50cl Eva Twist Bottle

Coca-Cola Nigeria has announced the launch of a 50cl Eva Twist Bottled Water as it seeks to bolster its presence in the market.

The soft drinks maker noted that the new bottle uses 18% less plastic which is in furtherance of its commitment to secure a friendly environment as well as serving consumers better. All up till now, Coca-Cola Eva bottled water only came in 75cl plastic bottles.

Table water producers threaten to leave Lagos State over multiple levies

Producers of table water in Lagos State are threatening to leave the state en masse for neigbouring Ogun and Oyo states if Lagos does not take steps to harmonise its tax collection system.

“Our members are poised to relocate to Ogun and Oyo. We have 2,600 members, with each employing at least 20 workers,” Clementina Ativie, president, Association of Table Water Producers of Nigeria (ATAWAP), Lagos State chapter, said in Lagos.