Monthly Archives: September 2015

Gulder Ultimate Promo 2015 – Three cars won, 12 more to go

The first leg of the Gulder ultimate Promo in Enugu has just ended and there are two more winners of brand new Hyundai Elantra cars and many others won consolation prizes.

The winners of the two brand new Hyundai Elantra cars are Chinedu Odimgbe, 23 and Francis Njoku, 31.

Odimgbe, an undergraduate awaiting his NYSC call up beat hundreds of other contestants to win the Enugu leg of the Ultimate Chase contest on Saturday, September 26. Njoku, on the other hand, won it through the first raffle draw held on Sunday, September 27, 2015.

Eastern Distilleries introduces VARGA Super Premium Dry Gin

Eastern Distilleries and Food Industries Limited, Onitsha based maker of premium spirits has launched VARGA Super Premium Dry Gin into the market.

VARGA Premium dry gin is distilled under strict industrial condition and can compete favourably with the best gins from London and elsewhere with a rich gin culture.

Nigerian Breweries Plc establishes N100bn Commercial paper programme

Nigerian Breweries Plc (NB), on Monday, Sept. 29th, established a N100 billion Commercial Paper (“CP”) programme.

It is the largest commercial paper programme to be established in Nigeria by a (non-financial institution) corporate issuer since the 2009 guidelines on commercial paper from the Central Bank of Nigeria (CBN).

According to the company, the launch of the inaugural commercial paper issue under the programme would kick off on or before Thursday, Oct. 8th.

Diageo’s sales growth hampered by currency weakness

Diageo, the world’s largest distiller and maker of key brands like Guinness stout and Johnnie Walker, said that it expected sales growth in 2015 than in the previous year but was being hampered by currency weakness in emerging markets, which would lower operating profits by about £150 million.

In a trading update for its annual meeting, the drinks maker said that it sold more drinks in the first three months of its financial year than a year earlier.

Drinking coffee does not cause irregular heartbeat, a new study says

Atrial fibrillation, a common type of irregular heartbeat is not caused by drinking too much coffee, according to a new study by a Swedish University and published in the journal BMC Medicine.

The study from Karolinska Institute in Sweden showed that neither men nor women faced an increased risk of atrial fibrillation.

In addition to looking at their own data, the team at the Karolinska Institute also looked at six other studies on atrial fibrillation and drinking coffee, and they all confirmed the same results.

Maltina gets endorsement from the Nutrition Society of Nigeria

Maltina, a malt drink from the stable of Nigerian Breweries Plc has received an endorsement from the Nutrition Society of Nigeria (NSN).

The Non-governmental Association said that it was giving the malt drink a stamp of quality because the product quality has been consistent for 39 years and the product is rich in nutrients, specifically calcium and vitamin A.

AB InBev’s offer for SABMiller could come as early as this week, say insiders

AB InBev could make an offer to acquire SABMiller as early as this week, with reports over the weekend saying a preliminary offer of $106bn was made.

Reports say that the two beer giants have begun ‘friendly talks.’

Earlier this month, AB InBev and SABMiller confirmed that a merger was being discussed, with AB InBev intending to make an offer to acquire SABMiller, though no offer has yet being received.

Heineken, CFAO partner to build a $172 million brewery in Ivory Coast

Heineken NV, the third largest brewing company in the world has announced a joint venture with CFAO in Ivory Coast to produce and market beer in the country, under the name Brassivoire.

Heineken will hold 51 percent ownership of the new venture, while CFAO holds 49 percent.

Nampak to build glass bottle factory in Nigeria

Nampak Limited, a South African glass maker for the beverage industry has agreed with partners to build glass bottle manufacturing plants in two of Africa’s most populous countries, Nigeria and Ethiopia.

The company said that it wants to take advantage of growing demand for packaged consumer goods and bottled drinks in Nigeria and Ethiopia.

Brewers highlight health benefits of beer

In a bid to correct the growing negative perception some may have about beer, brewers within and outside the country are rallying together in a sensitizing campaign to correct the notion that beer is bad for ones health.

Beer makers are concerned that if the negative views held by some about beer  are not countered, it would have an adverse effect on the industry.