Monthly Archives: April 2019

Heineken sees increased beer volumes in Q1, with growth across all regions

Heineken N.V said on Wednesday that beer volumes in the first quarter grew 4.4% to 52.7 million hectoliters, with growth seen across all regions.

The company said that brand Heineken® saw 8.9% growth with double digit boost coming from Brazil, South Africa, Russia, China, the UK, Nigeria, Mexico, Romania and Germany.

Coca-Cola post strong Q1 results, driven by innovation and revenue management initiatives

The Coca-Cola Company said on Tuesday that first quarter revenue grew by 5% to $8.02bn (€6.17bn) from $7.6bn in 2018.

The company noted that concentrate sales growth of 1% and price mix growth of 5% in the first quarter were driven by consumer-centric innovation and solid revenue management initiatives in the marketplace.

Commenting on the results, the CEO of The Coca-Cola, James Quincey, said: “We’re encouraged by our first quarter results as our disciplined growth strategies continue to deliver strong underlying performance.

Former Barcelona captain Puyol wraps up his Nigeria Tour amid fanfare

The three-day UEFA Championship tour which brought former Barcelona defender Carles Puyol to Nigeria came to an end on Thursday, 18th with a lush party at the Cubana, Lagos.

The event attracted celebrities who came out to honour Puyol, the Spanish football icon and former captain of the Barcelona Football Club, who had been in Nigeria since the 16th for the coveted UEFA Champions League Tour presented by Heineken.

PepsiCo hails a strong start to the year, thanks to boost from its snack business

PepsiCo Inc, on Wednesday reported sales growth of 2.5% for the first three months of the year to $12.9bn, thanks in part to strong revenue growth in its Frito-Lay North America snack business, which posted 5.47% sales rise. The company’s North American Beverages unit also helped fuel the quarterly growth with a 2.15% sales lift.

Commenting on the results, PepsiCo Chairman & CEO, Ramon Laguarta, said: “We are pleased with our results for the first quarter.

Coca-Cola Nigeria says Private Public Partnerships key to realising MDG

Coca-Cola Nigeria said on Monday that private public partnership (PPP) was crucial to the realisation of the United Nations (UN) Sustainable Development Goals (SDGs) in the country.

This was made known by the Director, Public Affairs and Communications, Coca-Cola West Africa Business Unit, Clem Ugorji, who spoke at the Federal Medical Centre (FMC), Ebute Metta, Lagos during the donation of medical equipment. He said such intervention will not only promote mother/child health but will reduce drastically their mortality rates.

Golden Guinea dispels rumours of commencement of full operation

Golden Guinea Breweries Plc on Tuesday issued a statement to dispel rumours it has resumed full operation.

In a statement released to the Nigerian Stock Exchange (NSE), the Umuahia, Abia State-based brewer said its attention has been drawn to several unauthorized recent online publications on commencement of full operations by the company.

Golden Guinea Breweries reopens for business

Golden Guinea Breweries Plc, the Umuahia, Abia State-based company which has been closed for 17 years is finally back to business.

According to a statement by the Abia State Commissioner for Information, John Okiyi Kalu, he drank his first glass of Golden Guinea beer on Friday after more than 17 years.

Hollandia Yoghurt touts its other uses

Hollandia Yoghurt, a brand from the stable of CHI Limited, Nigeria’s market leader in fruit juices and yoghurt drinks, said it is seeing an increased use of yoghurt, either consumed directly or as a taste-enhancing mixer.

Explaining further, the brand said that Hollandia Yoghurt Mixology has become a centrepiece for consumers who are increasingly embracing yoghurt and drink-mixing culture as their taste evolve.

It stated that since its launch in 2016, consumers have commended Hollandia Yoghurt Mixology for its novel taste, smooth texture and its versatility to be used as a mixture with variety of beverages.

Nigerian Breweries seeks N15bn short-term funding through Commercial Paper Programme

Nigerian Breweries Plc on Thursday announced the issuance of a N15bn Commercial Paper (CP), part of the company’s N100 billion commercial paper programme to support its short-term funding.

The company is offering 90-day and 182-day Commercial papers to investors with a view to raising short-term funds for its operations. The 90-day CPs carry effective and discount yields of 11.590 per cent and 11.2680 per cent respectively while the 182-day CPs carry 14.430 per cent and 13.4614 per cent respectively.

Two arraigned for stealing 93 cartons of beer

The police on Thursday arraigned two men before an Ikeja, Lagos Chief Magistrate court for stealing 93 cartons of beer valued at N180,000.

The two, Ebuka, 24, and Olalekan, 25 were charged with two counts of conspiracy and stealing.

The Prosecutor, ASP Benson told the court that the defendants committed the crime on 29th March at 4:00PM in Mushin, Lagos.