Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: News

Three Crowns Milk partners Nigerian Heart Foundation to deepen market penetration

Three Crowns Milk, a leading dairy brand from the stables of FrieslandCampina WAMCO has received an endorsement from the Nigerian Heart Foundation (NHF) to promote healthy eating habits and active lifestyle. The partnership is happening on the 30th Anniversary of the milk brand.

The brand handlers said that the foundation’s logo now endorses Three Crowns milk offering of heart friendly, complete nourishment.

Hospitality industry reacts to ban of alcohol by Kwara State

The hospitality industry have called on the Kwara State Government to lift the ban on the sales, production and consumption of alcohol in the state.

They said the enforcement of such a law would have far reaching effect on the nation’s economy and the hospitality industry.

They spoke with newsmen in separate interviews on Friday in Lagos.

NUFBTE chides FG’s new excise duty on alcoholic beverages, tobacco

The National Union of Food Beverage and Tobacco Employees (NUFBTE) has criticised the Federal Government and threatened to go on a labour strike over the planned increase on the excise duty rates for alcoholic beverages and tobacco.

While speaking at a meeting by the organised labour, President of NUFBTE, Lateef Oyelekan, said that more than 20,000 workers are presently employed in the alcoholic and tobacco sector and may lose their jobs if the amendment takes effect.

AB InBev to divest seven of its beer brands to CCU in Argentina

AB InBev has agreed to transfer seven of its beer brands in Argentina to Compania Cervecerias Unidas S.A. (CCU) as part of a post-merger condition for its takeover of SABMiller in 2016, Argentina’ production ministry announced on Wednesday.

As part of the proposed divestment by AB InBev which received the blessing of the Argentine National Competition Defense Commission, the brewer will transfer seven of its brands, notably – Isenbeck, Dioasa, Norte, Iguana and Baltica beer brands, as well as the licenses to Warsteiner and Grolsch brands to CCU, a Chilean brewer with operations in Argentina.

AB InBev commits to affordable beer brands for Nigerian consumers

Beer giant AB InBev has said it will serve Nigerians with various beer brands at affordable prices.

The Marketing Manager of AB InBev, Mr. Arne Bruse disclosed this at a conference held at the Radisson Blu Hotel in Lagos. He said that consumers of beer will be able to buy some of the company’s beer brands at about ₦100 to ₦150.

PZ Cussons issues profit warning amid weak sales

PZ Cussons Plc, the British maker of a wide range of consumer products and parent company of PZ Cussons Nigeria Plc, issued a profit warning on Thursday ahead of the release of its full year results in May 2018.

The group which trades across the world, including Nigeria, its biggest market, said that pre-tax profit will come in lower than expected in the £80m-£85m range.

House of Rep orders NBC, others to print expiry dates, warnings on their products

The House of Representatives on Wednesday directed the Nigeria Bottling Company (NBC) Limited, makers of Coca-Cola soft drinks, as well as other producers of carbonated and non-carbonated soft drinks sold in Nigeria to as from January 2019, print expiry dates on all their products.

The bottling company was also directed to print labels on Fanta and Sprite drinks, warning that the products were harmful when consumed with ascorbic acid (Vitamin C).

CHI Foundation commissions two water treatment plants in Lagos

As part of its Corporate Social Responsibility (CSR) initiatives, TGI Group, through its CSR arm, CHI Foundation, has commissioned two ultra-modern water treatment plants in Isolo and Ejigbo Local Government Areas of Lagos State.

CHI Foundation is the Corporate Social Responsibility vehicle of Tropical General Investment (TGI) Group, the parent company of CHI Limited, WACOT and other affiliate companies, manufacturers of products such as Chivita, Hollandia, Big Bull Rice, Renew starch etc.

CWAY urges table water distributors to maintain proper hygiene

CWAY Nigeria Drinking Water Science & Technology Company Limited, has tasked its water distributors to constantly embrace proper hygiene within their premises.

The company noted that although government has set hygiene standards but operators of water depots should go above the sanitation standards set by the government.

Kwara State bans alcohol sale, consumption

Kwara State Government has banned the sale and consumption of alcohol. Governor Abdulfatah Ahmed, has signed into law a bill banning the sale and consumption of alcohol in certain areas of the state.

The bill known as the Prohibition Against the Production, Sale, and Consumption of Liquor in Certain Areas Law 2018, was passed by the State Assembly and signed into law by the governor.