Tag Archives: Mirinda

Ebonyi State bans serving of Coca-Cola branded Soft drinks at State functions

The Ebonyi State Government has become the first State in Nigeria to restrict the consumption of Coca-Cola products in the state.

Concerned with the recent ruling by a Lagos State High Court against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC) on the alleged health effects of consuming Fanta and Sprite, Ebonyi State Governor, David Umahi on Tuesday issued an order, banning the serving and consumption of Coke, Sprite and Fanta at government functions in the state.

7Up posts higher profits on aggressive market penetration

Seven-Up Bottling Plc’s year end results shows the company’s aggressive market penetration across various product lines as profit nudged up to 10.64 percent despite a hard biting economic environment that has seen stunted growth in consumer product firms in the country.

The company declared a profit of N7.12 billion for the year ended March 2015, compared with N6.43 billion, a year ago. Sales were up by 5.93 percent to N82.45 billion.

The growth in sales was attributed to the company’s aggressive penetration in the rural areas than urban Nigeria. This gave the company higher market leverage than newer fringe players competing with the products in the cities.