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

Drinking tea regularly lowers risk of cardiovascular disease – new study

Green tea in a cup

A recent study has shown that drinking green tea three times a week could prolong people’s life and reduce their risk of having a heart attack or stroke by 25%.

The study which was published in the European Journal of Preventive Cardiology, found that the antioxidants in the drink could help protect the heart and keep people healthier for longer.

Nestle SA to invest 2bn Swiss francs in recycled plastics

Nestle SA

Swiss food and beverage giant Nestle SA on Thursday announced an ambitious programme to invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over the next five years to reduce its use of virgin plastics in favour of food-grade recycled plastics.

The company said it also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.

Nestlé Nigeria fetes suppliers at 2019 Suppliers’ Day

Nestle Nigeria logo

Nestlé Nigeria has been at the forefront of supporting the growth of SMEs in Nigeria through its local sourcing and backward integration and supplier development initiatives. The company reiterated this commitment at its 2019 Suppliers’ Day, an annual event that brings together key suppliers of its raw materials, packaging materials, services and indirect services to share best practices.

Mambilla Beverages launches Highland Tea in Lagos

Highland Tea Launch in Lagos

Mambilla Beverages Limited, a subsidiary of the Taraba Investment and Properties Limited (TRIP) has unveiled Highland Tea and Green Tea in the Lagos market.

The launch which took place on Thursday in Lagos was unveiled by the Governor of Taraba State, Darius Dickson Ishaku, who noted that the Highland Tea and Highland Green Tea are 100 percent made in Nigeria.

Nwuneli quits Nestle’s Board

Nestle logo

Nestle Nigeria Plc has announced the resignation of one of its Board members.

In a letter released to the Nigerian Stock Exchange (NSE) on 29 October 2019, the food and beverage firm said that Mrs Ndidi Okonkwo Nwuneli, an independent non-executive director of the company has by a letter dated 20 October 2019 informed the Board of her decision to resign as a Director of the Company effective from that date, due to her ongoing fellowship at the Harvard Kennedy School.

Nestle Nigeria sees modest growth in nine months

Nestle brands

Nestle Nigeria Plc reported modest gains in sales and profit for the nine months to the end of September.

The food and beverage giant posted an 11% increase in net profit for the period, helped by a 4% sales growth. Revenue climbed to N211.3bn from N203bn in the previous year. Sales in the third quarter grew marginally by 2% resulting in a quarterly net profit decline of 9%.

The company benefitted from a sharp drop in net finance cost, which fell to N496m from N1.3bn, a 61% decline.

NECA urges Federal Government to foster dialogue to ease doing business in Nigeria

NECA logo

The Nigeria Employers’ Consultative Association (NECA) has appealed to the Federal Government to encourage dialogue and engagement to resolve issues in a friendly and peaceful manner within the provisions of the law when dealing with businesses.

The Pro-business group made the call in Lagos on Tuesday following the recent sealing of the premises of Nestlé Nigeria Plc by officials of the National Lottery Regulatory Commission (NLRC).

NLRC unseals Nestlé’s head office after firm agrees to pay disputed lottery fees

Nestle logo

The National Lottery Regulatory Commission (NLRC) has agreed to reopen the corporate headquarters of Nestle Nigeria Plc following an agreement reached with the food and beverage firm to pay a disputed N65m lottery commission stemming from lottery promos the company held between 2012 and 2014.

According to the NLRC, the company’s office was sealed for violating the National Lottery Act, 2005 and National Lottery Regulations, 2007. The NLRC, which is an agency of the Federal Government, regulates sales promo operated by companies.

Nestle Nigeria half-year profit rise 22%

Nestle Nigeria Plc said on Friday that 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

Green tea in a cup

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.