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 »

Legend Extra Stout unveils new 45cl bottle as it seeks to broaden its product offering

Legend Extra Stout, a leading stout brand from the stable of Nigerian Breweries Plc has introduced a new 45cl bottle as it seeks to expand its market penetration.

The unveiling took place at a special celebration ceremony at Radisson Blu, Ikeja, Lagos on Friday, July 12, 2019.

The event which was tagged the “Power Of 45” attracted hundreds of guests and consumers as they got a chance to get a first look at the new product offering.

Cocoa farmers wants FG to include Cocoa drink in national School Feeding programme

The Cocoa Farmers Association of Nigeria (CFAN) has called on the Federal Government to include cocoa drink as part of the school feeding programme across the country.

“It will be better if the FG can include it in the Home Grown School Feeding Programme for our school children.”

AB InBev cancels plans for Hong Kong listing

Global brewer, AB InBev on Friday withdrew its plans to sell 1.6bn shares of its Asian business to investors, citing “prevailing market conditions”.

The company had been seeking to sell a minority stake in Budweiser APAC, which markets over 50 brands including its premium brands, Budweiser, Stella Artois and Corona in China, Australia, South Korea and Vietnam, but had to shelve the plans due to weak investor demand for its stated price. AB InBev was seeking to raise between US$8.3bn to US9.8bn from the Initial Public offering (IPO).

Ogun State partners Irish Dairy firm; to build world-class cattle ranch

Ogun State Governor, Prince Dapo Abiodun, has said that very soon the State would be exporting milk to China once the current arrangement between the Irish Diary Milk and the State Government becomes operational.

Abiodun made this known when the management of Irish Dairy Milk paid him a courtesy visit on Wednesday in Abeokuta.

He added that plans are on by his administration to have a world class ranch that would be created through the Public-Private Partnership.

NAFDAC clears Eva bottled water safe for drinking

The National Agency for Food and Drug Administration and Control (NAFDAC) has given the all-clear on its investigation of Eva bottled water. The regulatory agency said that following its default in two batches of Eva bottled water produced and bottled by the Nigerian Bottling Company (NBC), it has determined that Eva bottled Water is safe for consumption.

Lagos State Governor calls on manufacturers to find alternatives to plastic bottles

The Lagos State Governor, Babajide Sanwo-Olu has appealed to manufacturers to develop alternatives to plastic bottles and other non-degradable items, which are threatening the environment.

Sanwo-Olu made the call at an environment forum in Lagos, with the theme ‘’The earth, our business, our future’’.

FrieslandCampina WAMCO partners 2Scale to transform local milk production in Nigeria

The Netherlands’ Minister for Foreign Trade and Development Cooperation, H.E. Mrs. Sigrid Kaag has affirmed that given the consistent result FrieslandCampina WAMCO has recorded in local milk sourcing, Nigeria has the right partner to stimulate growth in the industry.

Maltina Teacher of the Year extends entries deadline

Nigerian Breweries Plc on Wednesday announced the extension of deadline for submission of entries for the Maltina Teacher of the Year award. The deadline which was initially scheduled to end on 12th July has been extended to 26th July, 2019.

Speaking on Wednesday on the decision to extend the deadline, Nigerian Breweries’ Corporate Affairs Director, Mrs Sade Morgan, said the decision was done in response to calls by teachers and other stakeholders to allow for additional time for more teachers to submit their entries.

PepsiCo sustains growth in Qtr2 with boost from snack and beverage sales

PepsiCo on Tuesday reported a 2.2% net revenue growth for the second quarter of 2019 ending on June 15. The beverage giant which recorded $16.4bn in sales in the quarter said it had its Frito-Lay North America snack business and PepsiCo North America Beverage unit to thank for the growth with 4.5% and 2.5% sales lift respectively.

Beta Glass to pay shareholders N1.30 per share dividend for 2018 full year

Beta Glass Plc said it will pay its shareholders N1.30 per 50 kobo of ordinary shares for 2018 full-year. The company reached the resolution at its 45th Annual General Meeting (AGM) which held on 4th July 2019 at the Federal Palace Hotels, Victoria Island, Lagos.

The company at the meeting also resolved to re-elect Otunba Abimbola Ogunbanjo, Chairman of the Board of Directors, Mr. Darren Bennett-Voci, Managing Director and Mr. Nikolaos Mamoulis as a Director of the Company.