Monthly Archives: August 2019

CCBA acquires majority stake in Swaziland Coke bottler

Coca-Cola Beverages Africa (CCBA) said it has acquired a 60% stake in Swaziland beverage firm, Eswatini Beverages Limited.

Eswatini is the new name of the country of Swaziland which officially changed its name in 2018.

The remaining 40% shares is held by Tibiyo Taka Ngwane, an Eswatini Sovereign Wealth fund with interest in telecommunications, commercial real estate, sugar, dairy, beverages, hotels, and transportation.

Commercial banks told not to extend loans to milk importers – CBN


The Central Bank of Nigeria (CBN) has given a new directive to commercial banks to stop providing loan facilities to milk importers in the country.

In a circular to banks on Tuesday, the CBN said milk imports will no longer be eligible under payment terms known as “bills for collection” which allowed the importer to buy on credit. Instead, importers would need to fund their naira accounts and open letters of credit, bankers said.

Life Lager Hi-Life Fest draws to a close with a new King, other winners

Leading brewer, Nigerian Breweries Plc, makers of Life Lager beer, among others has concluded the 2019 edition of Hi-Life Fest amid fanfare. The brewer rewarded the winners with N20m in prizes in different categories.

According to the company, the competition which is its corporate social responsibility has been a huge success with various regional performances across the South Eastern states.

“33’’ Export Lager unveils 40th anniversary label in Calabar

Nigeria’s premium beer, “33” Export Lager, unveiled its limited edition 40th anniversary label at the ‘City of Friends’ event in Calabar, Cross River state at the weekend.

In an atmosphere of camaraderie, the foremost beer brand unveiled a special limited-edition bottle label to mark the historic milestone.

Nigerian Breweries reaffirms support for Team Nigeria ahead of 2020 Tokyo Olympics

The Nigerian Olympic Committee (NOC) and Nigerian Breweries Plc on Friday reaffirmed their continued partnership leading-up to the Tokyo 2020 Olympic Games.

The agreement which was cemented in 2018 will have two of Nigerian Breweries’ biggest brands, Star Lager Beer and Amstel Malta being official sponsors of Team Nigeria in the 2020 games.

Malta Guinness wins Africa’s Best Premium Non-alcoholic Malt Brand Award

Leading premium malt drink, Malta Guinness, from the stables of Guinness Nigeria Plc, has been recognised as “Africa’s Best Premium Non-alcoholic Malt Brand of the Year at the 2019 Edition of the African Brand Leadership Merit Awards held, which on Friday at Sheraton Hotel, Ikeja, Lagos.

The Chairman of the Organizing Committee, Dada Ajai-Ikhile, said Malta Guinness was recognized for its relentless effort in fueling the greatness of Africans. He noted that the brand was selected from a pool of other brands in its category through an independent, thorough and painstaking research across the African market.

Guinness Nigeria donates a mini-water project to Albarka Community in Nasarawa State

As the world counts down to the 2030 United Nations’ clean water and sanitation goal, Guinness Nigeria, as part of its sustainable development strategy, has maintained its commitment towards the provision of potable water across communities in Nigeria. For Guinness, achieving this objective is sacrosanct for attaining the desired global wellbeing.

Nosak Distilleries to start exporting ethanol to Ghana

Leading ethanol manufacturer, Nosak Distilleries Limited, a subsidiary of Nosak Group has concluded plans to commence the exportation of refined ethanol to Ghana as part of its export expansion plans. This came to bare after securing the certificate of registration from the Food and Drugs Authority of the Republic of Ghana in Accra.

Microplastics are in our water, but no proof they’re harmful – WHO

The World Health Organisation (WHO), has said that its research into the effects of microplastics on human health has shown it does not seem to pose any health risk to humans, but more research was needed.

Microplastics are the tiny particles or plastic bottle fragments about five millimetres long most often found in bottled water.

Employer’s Union appeal to government to engage private sector in talks on forex ban on food import

The Association of Food, Beverage and Tobacco Employers (AFBTE) has called on the Federal Government to go into talks with the Organised Private Sector (OPS) and other concerned stakeholders in the food industry in a bid to find lasting solutions to the government’s plan to restrict foreign exchange on food imports.