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: Coffee & Tea

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.”

Drinking hot tea nearly doubles risk of cancer, says new report

People who like to drink their tea piping hot have a greater risk of getting oesophageal cancer, according to a new report.

Researchers found that people who like to consume their tea above 60 degrees Celsius and drink about 700ml of tea per day had a 90% risk of oesophageal cancer when compared to those who drank less tea and at cooler temperatures.

The study which was reported on Cable News Network (CNN) and published in the Journal of Cancer looked at more than 50,000 people in Golestan, a province in northeastern Iran.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

FTN Cocoa Processors fights to fend off liquidation

FTN Cocoa Processors Plc is facing threat to its existence as bankruptcy looms.

The once thriving enterprise, which has fallen on hard times in recent years said in a statement released to the Nigerian Stock Exchange (NSE), that it had not held an Annual General Meeting (AGM) or declared dividends over the last two years due to financial difficulties sourcing working capital to procure cocoa beans.