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: Dairy

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.

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.

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.

CBN grants forex waivers to five dairy companies to import milk; restrictions remain in place for others

milk

The Central Bank of Nigeria (CBN), on Monday, issued a circular granting foreign exchange waiver to five dairy companies to import milk into the country.

The companies which received forex waivers include FrieslandCampina WAMCO Nigeria; CHI Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC and Integrated Dairies Limited.

Cadbury’s Oreo cookie makes Guinness World Records

cadbury

Oreo cookie, one of the brands of Mondelez International, the parent company of Cadbury Nigeria Plc, has made it into the Guinness World Records.

In a statement, Cadbury Nigeria noted that the Oreo cookie brand reached a major milestone of $3.1bn in annual net revenues by the end of 2019.

Cadbury Nigeria posts higher sales and profits in full year

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.

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.

Hollandia Yoghurt appoints Yemi Alade as brand ambassador to mark 15 Years Anniversary

Yemi Alade

Hollandia Yoghurt, Nigeria’s leading drinking yoghurt brand, has announced a partnership agreement with Miss Yemi Alade, a multiple award-winning artiste of international repute, as part of a new campaign to celebrate the brand’s 15 years of nourishing Nigerians and reinforcing its market leadership.

According to the brand, the partnership aims to celebrate the values of consistency, hard work and talent which the brand and the artiste have in common. Hollandia Yoghurt is the leader of the yoghurt category, a position it attained through innovation and continuous passion for excellence. Similarly, Miss Yemi Alade has continuously innovated herself and has risen to the top of her music career with various award winning hits.

Lagos State, FBRA, Green Janitors Partner to Rid Badagry of Plastic Waste through Pick-a-Plastic Campaign

FBRA,Green Janitors

The Food and Beverage Recycling Alliance (FBRA) has partnered Green Janitors Sustainability Initiative to rid Badagry Community of plastic waste during three months Pick-a-Plastic campaign which was launched on Saturday, December 21, 2019.

The sensitisation for the campaign at Badagry, which was initiated by Green Janitors and LAWMA, commenced on Saturday, December 14, as part of efforts at reinforcing the Blue Box programme of Lagos State Government aimed at ensuring a cleaner environment.