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

March 09, 2020   Editor   1 Comment
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.

Read More

Nestle Nigeria ends fiscal 2019 with higher revenue and profit

March 03, 2020   Editor   No comments
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.

Read More

Cadbury Nigeria posts higher sales and profits in full year

February 05, 2020   Editor   No comments
cadbury

Cadbury Nigeria Plc on Thursday reported higher sales and profit for the full-year 2019.

The beverage giant said that sales grew by 16% in Q4 to $10.4bn and by 9.3% in full-year to $39.3bn.

Gross Profit grew by 3% in the twelve months to $8.2bn, driven by an 11% increase in cost of sales. Costs jumped by 27% in Q4 resulting in an 11% decline in gross profit for the quarter.

Read More

Drinking tea regularly lowers risk of cardiovascular disease – new study

January 17, 2020   Editor   No comments
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.

Read More

Nestle SA to invest 2bn Swiss francs in recycled plastics

January 17, 2020   Editor   No comments
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.

Read More

Nestlé Nigeria fetes suppliers at 2019 Suppliers’ Day

December 20, 2019   Editor   No comments
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.

Read More

Mambilla Beverages launches Highland Tea in Lagos

December 07, 2019   Editor   No comments
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.

Read More

Nwuneli quits Nestle’s Board

October 31, 2019   Editor   No comments
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.

Read More

Nestle Nigeria sees modest growth in nine months

October 31, 2019   Editor   No comments
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.

Read More

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

October 16, 2019   Editor   No comments
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).

Read More
« Older posts

  • Archives