Cream Liqueur sees growth with new players, more flavours

Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »

Category Archives: News

Nigerian Breweries bolsters safety around facilities to protect staff against Corona Virus

Sade Morgan

Nigerian Breweries Plc has stressed the importance of safety and security of its staff. The brewing company made this claim when its Corporate Affairs Adviser, Sade Morgan spoke to newsmen over the weekend.

“At Nigerian Breweries Plc, safety is a key priority for us at this point in time. Since the outbreak, we took proactive measures to ensure that our employees are protected during this difficult period.

“Personal safety and security of our staff are of utmost priority to us. We have in place a work safety programme for those on essential services,” she said.

EABL to increase stake in Tanzania’s Serengeti Breweries

serengeti Breweries logo

Kenya-based East African Breweries Limited (EABL) has announced plans to increase its ownership in Serengeti Breweries Limited (SBL) based in Tanzania to 85% from 55%.

In a statement, the company said “EABL intends to enter into a conditional transaction to purchase an additional 30% shareholding in Serengeti Breweries. Completion of the transaction is subject to various regulatory approvals in Kenya and Tanzania.”

Nigerian Breweries unveils Series 7 and 8 of Commercial Paper Programme

Nigerian Breweries logo

Nigerian Breweries Plc announced on Thursday the continuation of its Commercial Paper Programme with the launch of N48bn Series 7 and 8 of the programme which is set to open on the 6th of April, 2020.

In a statement, the company said that while Series 7 would be for a tenor of 182 days, Series 8 would be for 270 days, and the aim is to raise up to N48 billion to support the Company’s short terms funding needs.

Peterside resigns from Nigerian Breweries Board

Nigerian Breweries corporate Headquarters in Iganmu, Lagos

Nigerian Breweries Plc has announced the resignation of Mr Atedo Peterside from its Board of Directors.

In a statement, the brewing company said that Mr Peterside tendered his resignation to focus on the Anap foundation Covid-19, a Think Tank he formed following the outbreak of the Corona Virus pandemic in Nigeria.

Cadbury Nigeria appoints Nigel Parsons as a Non-Executive Director

cadbury

Cadbury Nigeria Plc has announced the appointment of Mr Nigel Parsons to its Board as a Non-Executive Director.

In a statement, the company said that Mr Parsons appointment which takes effect from April 1, 2020 will fill the casual vacancy created by the resignation of Mr Gawad Abaza from the company’s Board on April 1, 2020. Mr Abaza had been on the company’s Board since 2016 and had served on a number of Board committees.

La Casera launches three new variants of its Bold soft drink

La Casera Bold variants

The La Casera Company (TLCC) has bolstered its Bold soft drinks brand with the addition of three new flavours – Orange, Tropical and Ginger in addition to the existing Bitter Lemon flavour.

The unveiling took place at a grand event at Eko Hotels & Suites, Victoria Island, Lagos.

CHI Limited introduces Chi Exotic and Chivita Ice Tea in Cans

chi_exotic_chivita_ice_tea_in_cans

CHI Limited, Nigeria’s leading fruit juice company has announced the launch of Chi Exotic fruit juice and Chivita Ice tea in new hip, trendy and convenient cans.

According to the company, the launch once again demonstrates the company’s continuous quest for innovation that meets the dynamic needs of Nigerian consumers. It would be the first time a mainstream juice brand is available in cans.

PZ Cussons Nigeria set to exit dairy business with proposed sale of Nutricima to FrieslandCampina WAMCO

nutricima

British-based consumer goods company PZ Cussons Plc has announced the proposed sale of its Nutricima Nigeria dairy business.

In a statement, the company said it has exchanged contracts for the sale of the assets associated with Nutricima’s business to FrieslandCampina WAMCO Nigeria Plc, an affiliate of Royal FrieslandCampina in the Netherlands. Under Nigerian law, completion of the transaction is subject to merger clearance in Nigeria, the statement read.

Champion Breweries post strong profit growth in full year, driven by surge in sales

champion breweries logo

Champion Breweries Plc reported strong profit growth for the full year 2019. The company’s profit rose to N169m from a loss of -N264m in the previous year, driven by a 45% rise in revenue.

Gross profit jumped by 62% to N1.92bn reflecting the strong revenue growth.

Selling and distribution expenses surged by 47% to N778m, helping boost revenue and profit.

Nigerian Breweries marks International Women’s Day; calls for gender balance

International Women's Day 2020

Nigerian Breweries Plc, the nation’s largest brewer celebrated International Women’s Day on March 9, 2020 at its corporate headquarters.

As part of activities commemorating the event, it organized a symposium at its headquarters, which was livestreamed across nine of its brewery locations and business units.