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

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.

Nestle Nigeria appoints Juliet Ehimuan to its Board as an Independent Non-Executive Director

Juliet Ehimuan

Nestle Nigeria Plc has announced the appointment of Mrs Juliet Ehimuan to its Board as an Independent Non-Executive Director. According to the company, the appointment became effective on 24 February 2020.

The company said that Mrs Ehimuan, who is the Country Manager for Google in Nigeria since 2011 has over 25 years of professional work experience.

She started her career in 1995 and has worked for several companies in Nigeria and abroad including Shell Petroleum and Microsoft United Kingdom, Strategic Insight Consulting Limited, which she started and Chams Plc Strategic Business Unit.

Nestle Nigeria ends fiscal 2019 with higher revenue and profit

nestle

Nestle Nigeria Plc has reported earnings growth of 6% for the full year 2019. The food and beverage giant said that profit rose to N45.6bn from N43bn in 2018.

The company benefited from a 6.7% growth in revenue to N284bn. Nestle was also helped by operating profit rise of 19% to N72bn.

Nigerian Breweries fetes trade partners at 2020 Distributors Award

Nigerian_breweries_2020_distributors_award

Nigerian Breweries Plc has restated its commitment to business partners across the country. The brewing company made this known when it held its 2020 Distributors Award ceremony on Friday, 21 February 2020 at the prestigious Eko Hotel and Suites in Lagos. The event honoured and rewarded the company’s outstanding trade partners who excelled in 2019.

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.