Tag Archives: Nigeria

FG Partners L&Z Farms To Develop The Dairy Sector

The Nigerian Government and local dairy firm, L&Z Integrated Dairy Farms based in Kano have signed a Memorandum of Understanding (MoU) aimed at developing the dairy sector and helping to tackle the recurring Fulani herdsmen and farmers clashes in Nigeria.

The MOU signing which took place in Abuja had the Minister of Agriculture and Rural Development, Chief Audu Ogbeh sign for the Federal Government, while L&Z Integrated Dairy Farm chairman Keith Richards signed for the company.

FC WAMCO to partner Benue State on School Feeding Programme

FrieslandCampina WAMCO, makers of Peak milk, Three Crowns milk and Frisco milk, among others is seeking to partner with the Benue State government on a Federal Government endorsed School Feeding Programme.

South Africa’s Nampak posts 11% revenue growth despite currency losses

South Africa-based Nampak, maker of glass bottles, metal cans and a range of cardboard boxes for the beverage industry among others, said on Monday that full-year results ending 30th September 2016 was positive, with revenue rising 11% to R19.1bn ($1.4bn) and group trading profit up 4% to R1.9bn ($139m).

The performance was due to the turnaround at Glass, good trading in Nigeria and Zimbabwe, volume increases from new customers and benefits from operational improvements that resulted in improved efficiencies and cost savings. The group-wide comprehensive performance improvement plan is delivering good results,” said Nampak CEO, André de Ruyter.

Denmark commits to helping Nigeria boost local milk production

Denmark’s Minister Counsellor in Nigeria, Jacob Erikstrup, on Wednesday said his government and some Danish companies are committed to helping Nigeria bridge the gap in local milk production.

While speaking to the News Agency of Nigeria (NAN) in Lagos, the minister said that despite the large importation of milk produce from Denmark to Nigeria, there was a need to increase local milk production.

Coca-Cola HBC revenue dips 2% in Q3; company remains confident in meeting full year target

Coca-Cola HBC AG reported its third quarter results on Thursday, with net sales revenue falling 1.9% to €1.74bn ($1.92bn), down from €1.77bn in the prior year. Total volumes declined 1% to 571.6m cases versus 577m cases in the previous year quarter.

Beta Glass sustains profitability as 9-months profit soar 81%

Beta Glass Plc, the glass container and metal crowns company on Thursday reported a profit surge of 81% for the first 9-months of 2016, rising to N2.9bn, from N1.6bn in 2015.

Despite the macroeconomic difficulties hampering the activities of some of its trading partners, Beta glass said that revenue for the 9-months ending 30th September grew 16% to N13.3b, from N11.5bn in the preceding year.

Famous Grouse Scotch Whisky unveiled in Nigeria amid fanfare

Premium Scotch Whisky, The Famous Grouse was unveiled in its new bottle on Saturday, October 15, 2016 amid a celebratory mood at an exclusive all white event at the Federal Palace Hotel Gardens, Victoria Island, Lagos.

The event which marked the roll out of the brand’s new look and global campaign in Nigeria, “Famous For a Reason” – was meant to celebrate famous people from different works of life including music, media, movies, sports, fashion, technology, as well as everyday heroes who make an impact in society.

Progress Booster show moves to Owerri as Life Continental Lager Beer rewards 30 more entrepreneurs with N7.5m

L-R Chioma Chime, a winner from Life Continental Beers Progess Booster Show with the Senior Brand Manager, Regional Mainstream, Nigerian Breweries Plc, Mr. Funso Ayeni in Owerri

Life Continental Lager beer, a product of Nigerian Breweries Plc has moved its Progress Booster show to Owerri, the Imo State Capital, where 30 more entrepreneurs were rewarded with a total of N7.5m on its popular radio program, Life Progress Booster Show, a scheme designed to assist innovative businessmen and women in the Southeast of the country.

Coca-Cola HBC optimistic on full year after half-year profit rises

Coca-Cola HBC on Thursday reported a 3.4% revenue decline for the first-half of 2016 to €3.04bn ($3.4bn) down from €3.2bn recorded in the first-half of 2015. The company blamed adverse currency conditions for the drop. On a neutral currency basis, revenue would have risen 2.4%.

Buhari decries culture of agricultural waste in the country due to poor preservation, meets with Global CEO of FrieslandCampina

President Buhari shaking hands with Global CEO of FrieslandCampina, Roelof Joosten at State House, Abuja on Tuesday

President Muhammadu Buhari has lamented on the culture of waste in the country due to poor preservation of agricultural produce.

The President was speaking while meeting with the Global Chief Executive Officer of Royal FrieslandCampina of the Netherlands, Mr. Roelof Joosten, at State House, Abuja on Tuesday.