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 »

Coca-Cola HBC CEO Dimitris Lois passes on

Coca-Cola Hellenic Bottling Company (HBC AG), one of the world’s biggest Coke bottlers and the parent company of the Nigerian Bottling Company (“NBC”) have announced the death of its long-serving CEO Dimitris Lois.

The company which is based in Zug, Switzerland said in a statement on Tuesday: “We are deeply saddened by the news of Dimitris’s death. It was a great privilege to know him personally and to work alongside him for so many years,” said Anastassis David, Chairman of the Board of Directors of Coca‑Cola HBC. “Dimitris will always be remembered for his dedication to our people and for the values he stood for.”

Nigerian Breweries, FRSC partner on safety campaign during ember months

Nigerian Breweries (NB) Plc says it has entered into a partnership with the Federal Road Safety Corps (FRSC) to ensure safety on the highways by discouraging habit of drinking while driving.

Mr Kufre Ekanem, the Corporate Affairs Adviser, NB Plc, made this known at a news conference on the campaign tagged: “Don’t Drink and Drive” in Lagos on Thursday.

Ekanem said that the partnership was part of the company’s long-term agenda on responsible consumption campaigns.

Top Cows’ Milk Producing Countries In The World

Cow milk is a nutritious liquid and known to be consumed by humankind for centuries. Its consumption had probably started with the domestication of the cow. Nowadays, milk is processed before packaging to ensure that harmful bacteria in the milk are killed. Apart from being popular as a beverage, cows’ milk is used to make a large number of products, including cheese, cream, butter, yogurt, liquid milk, ice cream, whey protein, and many more. In cows’ milk’s raw state, more than 87 percent of its chemical composition is water, while the other 13% consists of such dietary components as butterfat, whey and casein proteins, lactose (milk carbohydrates/sugars), and ash (vitamins and minerals).

Nigerian cows produce less milk than cows in other countries – Minister of Agriculture

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said that cows bred in Nigeria top the list of worst milk producing cows in the world.

The minister made the assertion at the 79th anniversary of Ikoyi Club 1938 in Lagos on Thursday.

He said that an average Nigerian cow produces less than one litre of milk per day compared to its counterparts in other countries where they produce as much as 100 litres per day.

Nigerian Beer Festival Kicks-off amid Merrymaking

The First Nigerian Beer Festival got underway on Monday evening as billed amid an atmosphere of celebration at the Atlantic City Waterfront, Victoria Island, Lagos.

The event opens daily with hundreds of fun seekers trooping to the waterfront to enjoy the excitement, fun and entertainment of the carnival.

Nigeria now second leading producer of Sorghum in the world

Nigeria’s agricultural production of sorghum has leaped to the second place, now trailing only the United States in annual production.

Data obtained from the United States Department of Agriculture (USDA) forecasts world sorghum production at 59.34 million metric tonnes for 2017/2018.

Of this number, USA’s output is projected to reach 8.4m metric tonnes while Nigeria is second with 6.4m metric tonnes, and Mexico comes in the third position with 6.0m metric tonnes.

Coca-Cola Nigeria to spend $600 million on new products by 2020

Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks.

The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings to include flavoured and condensed milk, ice tea and bottled water to meet demand, said Peter Njonjo, the President of Coca-Cola West Africa, in an interview with Bloomberg Business in Lagos.

Intafact Hero’s Foundation Rewards new set of budding Entrepreneurs

The Intafact Hero’s Foundation Kickstart Programme; a CSI initiative of Intafact Beverages Limited has just concluded its 2nd award ceremony which rewarded 40 budding entrepreneurs’ with the sum of eighty two million naira.

Now in its second year, the Intafact Hero’s Foundation continues to promote and instill a culture of entrepreneurship among Nigerian youths to enable them reach their full potentials via the intensive training, seed capital and mentoring provided through its Kickstart programme.

Royal FrieslandCampina announces leadership change; CEO Roelof Joosten to step down next year

Netherlands-based Royal FrieslandCampina N.V., one of the world’s leading dairy firms and the parent company of FreislandCampina WAMCO, announced on Wednesday that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO).

Schumacher became a member of the Executive Board and Chief Financial Officer (CFO) of Royal FrieslandCampina in January 2015. Prior to this, he worked at Heinz in both financial and general management positions in the Netherlands, the United States, the UK and China.

Nigerian Breweries – Financial Market Forum Wrap-Up

Nigerian Breweries Plc, the nation’s largest brewer held its ‘2017 Financial Market Forum’ on 14th September 2017 at the company’s Iganmu-Lagos facility, where the new CEO Johan Doyer and Finance Director, Mark Rutten held a briefing of the company’s business and gave analysts a tour of the Iganmu plant.

The company posted a 15% revenue growth in the first-half of 2017, driven partly by earlier price increases. Beer volumes in the period declined mid-single digit. The brewer said it has implemented further marginal price increases in the N220 to N230 price range for select brands at the start of the third quarter of 2017 with the aim boosting margins amidst local input cost pressures.