Daily Archives: February 27, 2020

Nigerian Senate wades into Rites Foods, 7-Seven Up controversy

soft drinks

The Nigerian Senate last week tried to mediate between two warring soft drinks companies who are fighting for market share and economic survival.

According to the Senate Committee on Ethics, Privileges and Public Petitions, it said it received a petition from the management of Rites Foods Limited, an indigenous soft drinks company and makers of Bigi soft drinks over alleged threat to its security and existence by Seven-Up Bottling Company Limited, bottlers of Pepsi cola, Mountain Dew and others.

Nigerian Breweries ends year with lower profits


Nigerian Breweries Plc reported yet another decline in profit for the full year 2019. The company said that profits fell by 17% to N16.1bn from N19.4bn in 2018. It would be the eight consecutive quarterly declines by the company.