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

Promasidor honours employees with long service

Promasidor Nigeria Limited, makers of Cowbell Milk, Top Tea, Onga and other quality products, at the weekend, celebrated 254 of its staff who have been with the company for over 10 years. The award ceremony, which was held in Lagos, brought together the company’s employees, relatives, and distributors from different parts of the country.

Cadbury Nigeria returns to profit in full year 2017

Cadbury Nigeria Plc, reported its full year 2017 results on Monday, with the Bournvita maker posting a net profit of ₦300m ($826,000). In the same period in 2016, the company recorded a net loss of ₦296m.

The positive performance was driven by a 10% growth in sales to ₦33bn ($90 million) from ₦29.9bn. The firm also benefited from cost savings initiatives which saw selling & distribution costs as well as administrative costs decline by 7% and 23% respectively.

Three Crowns Milk partners Nigerian Heart Foundation to deepen market penetration

Three Crowns Milk, a leading dairy brand from the stables of FrieslandCampina WAMCO has received an endorsement from the Nigerian Heart Foundation (NHF) to promote healthy eating habits and active lifestyle. The partnership is happening on the 30th Anniversary of the milk brand.

The brand handlers said that the foundation’s logo now endorses Three Crowns milk offering of heart friendly, complete nourishment.

PZ Cussons issues profit warning amid weak sales

PZ Cussons Plc, the British maker of a wide range of consumer products and parent company of PZ Cussons Nigeria Plc, issued a profit warning on Thursday ahead of the release of its full year results in May 2018.

The group which trades across the world, including Nigeria, its biggest market, said that pre-tax profit will come in lower than expected in the £80m-£85m range.

Krispy Kreme makes its debut in Nigeria

U.S.-based Food and Beverage firm Krispy Kreme has opened its first store in Nigeria at the Ikeja City Mall in Lagos, in what marks as the start of an expansion plan across the country.

The company said it has signed a development agreement with Quality Foods Africa (QFA) to open 20 Krispy Kreme stores across the country in the next five years.

Three Crowns introduces Evap Creamer

Three Crowns, a leading milk brand from the stables of FrieslandCampina WAMCO has introduced yet another product into the market called Three Crowns Evaporated Creamer.

FrieslandCampina WAMCO is Nigeria’s largest dairy producer with over 60 years in the country and has other iconic brands in its portfolio including Peak milk and Friso.

FG sets up committee to create policy framework to boost dairy industry

The Federal Government said it has constituted a stakeholder’s committee to develop a policy framework to boost the dairy industry.

The Minister of State for Industry, Trade and investment Hajia Aisha Abubakar, said that the objective is to attract and achieve local participation in the dairy business; ensure local content development of dairy; encourage joint venture opportunities across strategic segments of the dairy industry and provide financial relief to boost local growth through the participation of women and youths in the sector.

Nestle Nigeria sustains growth at full year 2017

Nestle Nigeria Plc, said on Friday that revenue for the full year 2017 grew by 34% to ₦244bn ($674 million). In the previous year, the food and beverage giant posted ₦182bn in sales.

Net profit in the period under review jumped 326% to ₦33.7bn ($91 million), thanks to a 46% rise in Operating Profit and a nearly 50% reduction in net finance cost to ₦8.9bn ($24.5m) from ₦16.6bn.

Dolait Yoghurt formally unveiled to the Nigerian market

Dolait Yoghurt, a brand well known to citizens of neigbouring West African countries such as Cameroun, Benin Republic and others has formally been introduced to the Nigerian market.

The General Manager of Sotibe Nigeria Limited, the company behind Dolait, Mr. Monah Chalabi said, that the brand is a natural and heathy yoghurt drink which had consistently served other African countries for years without compromising quality.

Senate seeks FG intervention to halt downward review of import tariff on milk powder

The Senate has condemned the downward review of import duty on milk powder by the Federal Government from 10% to 5%.

The Upper House of the National Assembly went further to request its committees on Agriculture, Finance and Customs Excise and Tariff to investigate the ministries, departments and agencies involved in the reduction.