Tag Archives: La Casera Company Limited

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 biggest soft drinks maker in Nigeria and bottler of the famed Coca-Cola brand have raised its prices across the board as it continues to battle macroeconomic challenges such as continued naira devaluation, inflation and higher input cost of imported raw materials.

La Casera shuts down firm, lays off 700 workers

Hundreds of workers of the La Casera Soft drinks company staged a protest on Monday in front of the company’s premises in Amuwo Odofin section of Mile-2, Lagos as company officials said they have sacked all employees for what they described as an invasion of its premises by “hoodlums.”

The workers say the trouble started when they tried to form a union to protect their rights. The Senior Assistant General Secretary of the National Union of Food, Beverage, and Tobacco Employees, Mike Olanrenwaju, said that they made overtures to engage the company but were rebuffed.