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: Segment

Coca-Cola HBC buys Italian mineral water and sparkling beverage firm, Lurisia

coca-cola hbc logo

Coca-Cola Hellenic Bottling Company (HBC), which bottles Coca-Cola products in Nigeria and 27 European countries, said it has reached an agreement to acquire Italian mineral water and sparkling beverages firm, Lurisia for €88 million euros ($97 million).

According to the company, the purchase was made with the global bottling group, The Coca-Cola Company (TCCC) and would allow it to add Italian premium brands to its portfolio which already includes iced teas and plant-based drinks.

International Breweries seeks Rights Issue to pare down mountain debt

Budweiser beer

International Breweries Plc (IB PLC) has notified the Nigerian Stock Exchange (NSE) of its intention to seek a “Rights Issue” following a meeting of the company’s Board of Directors on 18th September 2019.

In a statement sent to the NSE on Wednesday, the company said that the “Board of Directors of International Breweries Plc at its Board meeting held on 18 September, 2019 considered and approved a proposal for a Rights Issue as a form of Capital Raising for the Company.”

A rights issue is an issue of shares offered at a special discounted price by a company to its existing shareholders in proportion to their holding of old shares.

Circular Economy: Stakeholders urge Effective Plastic Waste Management

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As countries across the world sustain the drive towards mitigating the dangers of non-degradable waste, participants at the CEO Roundtable on Sustainability have hinted that Nigeria stands a good chance of bending the curve in good time, only if the private and public sector can collaborate strategically. Aside policy making, the panel recommended strategic timelines for executing each step of the national plan on circular economy.

Guinness Nigeria recaps 2019 performance, lays out plans for the new year

Guinness Nigeria brands

Guinness Nigeria Plc has stated its must-dos in the new financial year which began in July to include: winning with a total beverage portfolio, strengthening and accelerating its premium core brands, winning in value and mainstream, innovating at scale to make new leads, building and constantly extending its route to consumer, driving out costs constantly to invest in growth and guaranteeing its plan with the right people and capabilities.

Tolulope Adedeji appointed to International Breweries Board of Directors

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The Board of Directors of International Breweries Plc has appointed Tolulope Adedeji to its Board effective 18 September 2019.

In a statement released by the brewing company, it said that Ms Adedeji has extensive experience in building brands and businesses from scratch to market leadership.

She is currently the Marketing Director of International Breweries Plc where she leads the marketing teams in Nigeria and AB Inbev brands in Ghana. Some of the iconic brands under her leadership include Budweiser, Trophy, Hero, Club beer and Beta Malt.

Int’l Breweries’ Trophy, Hero Lager receive Gold Quality Awards at 2019 Monde Selection

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Trophy Lager and Hero Lager, two of International Breweries Plc’s leading brands have both received Gold Quality Awards in the Beers, Waters and Soft Drinks category by the Monde Selection, 2019 edition.

The Monde Selection is an international body that evaluates, tests and awards a large number of consumer products with its unique quality label. It is one of the oldest quality institutes in the world and aims to deliver the most impartial and independent evaluation.

Coca-Cola HBC again wins the Dow Jones Sustainability Index

coca-cola hbc logo

Coca-Cola HBC, a leading anchor bottler of Coke soft drinks in 28 countries including Nigeria and the parent company of the Nigerian Bottling Company (NBC) has again won the Dow Jones Sustainability Index.

The 2019 Dow Jones Sustainability Index – a leading global benchmark for sustainability in business – rated Coca-Cola HBC Europe’s most sustainable beverage company. This is the 6th time in 7 years that the company has been ranked number 1 in the index and the 9th year in a row that it has been ranked in the top three Global and European beverage companies.

Guinness Nigeria unveils new Guinness Smooth Stout

new guinness smooth

Guinness Nigeria Plc has introduced its newest brand, Guinness Smooth stout into the market.

According to the company, Guinness Smooth is a new expression of Guinness developed by Guinness master brewers, local and international, to deliver an exciting and stand out beer that is perfect for casual social occasions.

Commenting on the new brew, Adesina Adewole, Guinness Nigeria master brewer adds: “Guinness Smooth is a perfect partner for spicy foods and BBQ. The smooth refreshing taste balances the spicy heat, while the distinctive characterful flavour ensures Guinness Smooth is a beer that doesn’t get overshadowed by the food.”

MAN appoints Anegbe as Food Sectoral Group Chairman

The Manufacturers Association of Nigeria’s (MAN) Food Sectoral Group has appointed Chief Patrick Anegbe as its new chairman.

According to a statement released by MAN, Anegbe now holds the new office alongside his position as the President, Association of Food, Beverages and Tobacco Employers (AFBTE) as well as the Chairman, Blenders and Distillers Association of Nigeria (DIBAN), a sub-sectoral group of MAN.

A-B InBev resurrects plans for Hong Kong listing

Global brewer, Anheuser-Busch InBev (A-B InBev) has revived plans to list a minority stake of its shares in its Asia Pacific business unit, Budweiser Brewing Company APAC Limited, on the Hong Kong Stock Exchange.

The resumption follows its withdrawal in July not to go forward with an Initial Public Offering (IPO) in Hong Kong following what it said was unfavourable “market conditions”.