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: Dairy

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.”

Ogun State partners Irish Dairy firm; to build world-class cattle ranch

Ogun State Governor, Prince Dapo Abiodun, has said that very soon the State would be exporting milk to China once the current arrangement between the Irish Diary Milk and the State Government becomes operational.

Abiodun made this known when the management of Irish Dairy Milk paid him a courtesy visit on Wednesday in Abeokuta.

He added that plans are on by his administration to have a world class ranch that would be created through the Public-Private Partnership.

FrieslandCampina WAMCO partners 2Scale to transform local milk production in Nigeria

The Netherlands’ Minister for Foreign Trade and Development Cooperation, H.E. Mrs. Sigrid Kaag has affirmed that given the consistent result FrieslandCampina WAMCO has recorded in local milk sourcing, Nigeria has the right partner to stimulate growth in the industry.

CHI’s Hollandia Foundation donates milk to children at IDP Camp

Hollandia No Kid Hungry Foundation, the Corporate Social Responsibility (CSR) arm of CHI Limited, makers of Hollandia yoghurt and other milk brands, has donated dairy products to more than 500 vulnerable children at the Bogije Internally Displaced Person’s camp in Ibeju-Lekki, Lagos State.

The organization said it is determined to fight child hunger and malnutrition in Nigeria, hence its donation.

Chellarams ends year with N2.8bn loss amid rising cost, competitive pressure

Chellarams Plc, the diversified conglomerate with significant interest in the dairy sector as well as in industrial chemicals and machinery reported a net loss of ₦2.8bn for the full year ending on 31st March 2019.

The maker of Oldenburger, Regal and Real milk brands said that rising costs of sales hurt margins leading to a net loss. Despite a 28% rise in sales to ₦11.2bn, cost of sales skyrocketed by 55% to ₦10.7bn from ₦6.9bn in the previous year leading to a Gross Profit decline of 71% to ₦527m.

Cadbury Nigeria assures shareholders of commitment to creating more value for investors

The Board of Directors of Cadbury Nigeria Plc at its recent Annual General Meeting (AGM) held in Lagos reaffirmed to shareholders of its commitment to creating more value for investors.

The Board restated its commitment to sustaining the company’s dividend policy as shareholders approved the distribution of N471 million as cash dividend for the 2018 business year. Shareholders will receive 25 kobo per share for the 2018 financial year compared to 16 kobo per share in 2017.

FrieslandCampina WAMCO posts 6% revenue growth in 2018

FrieslandCampina WAMCO Nigeria PLC, makers of high quality milk brands, Peak and Three Crowns, reported its full year 2018 results on Tuesday, with revenue growing 6% to N149.2bn compared to N140.1bn it recorded in 2017.

The nation’s largest dairy producer said it faced macroeconomic, infrastructural and security challenges during the the year under review despite slight improvement in the economy from the previous year. It highlighted improvements to include economic growth of 1.93% from 0.82% in 2017, according to the National Bureau of Statistics. Foreign exchange rates also remained stable except for the fourth quarter when the Central Bank of Nigeria (CBN) reduced intervention, forcing manufacturers to source for FX from Investor & Exporter Window, which drove up input costs for manufacturers.

AFBTE posts 22.3% income growth in 2018

The Association of Food, Beverage and Tobacco Employers (AFBTE) said that its full year income in 2018 grew by 22.3% to N102m from N83.4m in 2017.

The trade union organization which represents the interest of companies in the food, beverage and tobacco industries said that the sector was beset by influx of imported finished products, which negatively impacted the patronage of locally made goods and thus affected the organisation’s profit margin.

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.

Fan Milk marks World Environment Day with ‘One planet one health’ initiative

Fan Milk, a leading manufacturer of dairy products, has carried out a series of activities as its way of showing its care for public health and environment. To mark the World Environment Day in Lagos, the company launched One Planet One Health, an initiative borne out of the belief that a healthy body needs healthy food, while healthy food needs a healthy planet and ecosystem in which to grow.