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: Coffee & Tea

Nestle Nigeria half-year profit rise 22%

Nestle Nigeria Plc said on Friday that its net profit for the first-half of the year ending on 30 June, 2019 grew by 22% to N26.2bn from N21.5bn in the previous year.

The profit rise was helped by a nearly 5% increase in revenue to N141.9bn from N135.2bn in 2018, and a 21% decrease in finance cost.

Green Tea reduces blood sugar in diabetes sufferers – Expert

A Nutritionist and Biochemist, Dr. Ochuko Erikainure, said on Wednesday that green tea has great health benefits and components that reduce blood glucose in diabetics.

Erukainure, a Senior Research Officer at the Federal Institute of Industrial Research, Oshodi, said this in an interview with the News Agency of Nigeria in Lagos.

Cocoa farmers wants FG to include Cocoa drink in national School Feeding programme

The Cocoa Farmers Association of Nigeria (CFAN) has called on the Federal Government to include cocoa drink as part of the school feeding programme across the country.

“It will be better if the FG can include it in the Home Grown School Feeding Programme for our school children.”

Coca-Cola rolls-out Costa Coffee RTD

Coca-Cola has announced the launch of its much awaited Costa Coffee RTD as the soda giant forges ahead with further broadening of its portfolio.

The company best known for its trademark Cola said that the new offerings will come in variants of Classic Latte, Caramel Latte, and Black Americano.

Food & Beverage Exhibition set for June 18th – 20th in Lagos

More than 150 exhibitors are expected to take part in the Food and Beverage West Africa (FAB) show, which opens its doors from June 18 to 20 at the Landmark Centre in Victoria Island.

Over a third of exhibitors are from Nigeria, while more than 20 countries will be represented, with Benin, Morocco, South Africa and Kenya among the participating African countries.

Nestlé Opens Research & Development Innovation Challenge in Nigeria

Nestlé’s has announced the launch of a Research and Development (R&D) Innovation Challenge in Lagos after it kicked off earlier in the week in Ghana.

The company said the launch was part of the company’s efforts to contribute to the local innovation ecosystem.

“It is expected that the challenge will help to boost local entrepreneurship, as well as provide a platform for start-ups, researchers and developers to contribute to local sustainable growth by bringing breakthrough ideas to the market.

Nestle Nigeria aims for increased market share

Nestle Nigeria Plc said it plans to introduce brand loyalty programmes as a way to grow its market share in the country.

The company’s Managing Director, Mauricio Alarcon, disclosed this during the firm’s Annual General Meeting held in Lagos recently.

Alarcon said that Nestle had continued to focus on creating demand as well as strengthening its brand loyalty so as to increase market penetration.

FBRA Encourages Waste Recycling, Launches Buy-back Initiative at Orile Community

The Food and Beverage Recycling Alliance (FBRA) has called on citizens of Lagos State to imbibe the culture of recycling. This is as it reinstated its unwavering commitment to a cleaner environment through its buy-back campaign on recyclable waste launched at Orile community, Lagos on Saturday, May 25, 2019.

On that day, FBRA, the Producer Responsibility Organisation (PRO) of companies in the food and beverage sector will embark on reward-for-waste initiative at Market Bus Stop, Ojora Street (former Baale Street) Orile, Lagos. The event is to commence by 10am.

Nestle Nigeria’s Q1 profit rise 49%

Nestle Nigeria Plc on Tuesday reported a 49% increase in net income for the first quarter of 2019. Profit rose to N12.8bn from N8.6bn, driven by a reduction in finance cost to N469m from N1.1bn, a 60% decrease as well as a 79% gain in finance income, which rose to N504m from N281m.

Coca-Cola prepares to launch Coca-Cola coffee blend

Coca-Cola has announced plans to make a push into coffee with the launch of Coca-Cola coffee later this year.

The company will unveil the new drink in more than 25 markets around the world later in 2019.

Commenting on its plans, Coca-Cola CEO, James Quincey, said: “Coke Coffee was designed to reach consumers during specific occasions and channels like the mid-afternoon energy slump at work.”