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

PZ Cussons Nigeria reaffirms confidence in Nigerian economy as it marks 120 Years in the country

PZ Cussons Nigeria Plc has reiterated its commitment to the Nigerian economy, noting that it will continue to invest in growing its business for better returns for its shareholders.

The company which is celebrating its 120 years in Nigeria said that it believes that the Nigerian economy has enormous potential, adding that it will continue to partner with the Federal Government for the development of the economy.

FBRA Encourages Waste Recycling, Launches Buy-back Initiative at Orile Community

The Food and Beverage Recycling Alliance (FBRA) has called on citizens of Lagos State to imbibe the culture of recycling. This is as it reinstated its unwavering commitment to a cleaner environment through its buy-back campaign on recyclable waste launched at Orile community, Lagos on Saturday, May 25, 2019.

On that day, FBRA, the Producer Responsibility Organisation (PRO) of companies in the food and beverage sector will embark on reward-for-waste initiative at Market Bus Stop, Ojora Street (former Baale Street) Orile, Lagos. The event is to commence by 10am.

FrieslandCampina WAMCO Opens World-class Dairy Training Academy

FrieslandCampina WAMCO Nigeria Plc, leading dairy giant and producers of Peak and Three Crowns milk, has unveiled WAMCO Academy, a world class training centre, as part of the company’s efforts to promote its business and employees’ growth. The unveiling ceremony took place on Tuesday April 30 within the company premises in Lagos.

Nestle Nigeria’s Q1 profit rise 49%

Nestle Nigeria Plc on Tuesday reported a 49% increase in net income for the first quarter of 2019. Profit rose to N12.8bn from N8.6bn, driven by a reduction in finance cost to N469m from N1.1bn, a 60% decrease as well as a 79% gain in finance income, which rose to N504m from N281m.

Cadbury Nigeria off to a strong start in 2019 on higher sales, steep drop in net finance charge

Cadbury Nigeria Plc got off to a strong start in 2019 with a 2,200% jump in net profit in the first quarter, driven by higher sales and lower finance charge.

The Bournvita maker said that first quarter sales grew by 13% to N9.2bn from N8.2bn in the previous year.

Gross Profit grew 32% to N2.4bn, while Operating Profit jumped 236% to N714m from N213m. Finance cost fell sharply by 87% thus providing a boost to net income which rose to N507m from N22m in 2018.

Hollandia Yoghurt touts its other uses

Hollandia Yoghurt, a brand from the stable of CHI Limited, Nigeria’s market leader in fruit juices and yoghurt drinks, said it is seeing an increased use of yoghurt, either consumed directly or as a taste-enhancing mixer.

Explaining further, the brand said that Hollandia Yoghurt Mixology has become a centrepiece for consumers who are increasingly embracing yoghurt and drink-mixing culture as their taste evolve.

It stated that since its launch in 2016, consumers have commended Hollandia Yoghurt Mixology for its novel taste, smooth texture and its versatility to be used as a mixture with variety of beverages.

Promasidor hints at strong demand for Sun Vita

The head of Marketing at Promasidor Nigeria Limited, Mr Abiodun Ayodeji, has revealed that sales of its newly launched Sun Vita cereal has been strong, making it one of the most sought after brands by consumers.

Ayodeji disclosed this during an interview at the company’s head office in Isolo, Lagos.

Sun Vita cereal was launched into the market in December 2018, with 75% locally sourced material.

NAFDAC refutes claims of “Fan Yogo Gin & Ginger” in circulation

The National Agency for Food and Drug Administration and Control (NAFDAC) has said that its attention has been drawn to images of Fan Milk “Fan Yogo Gin & Ginger” supposedly containing 12.5% alcohol volume being circulated widely to the general public via social media.

The food and drugs regulator said that no such product is registered by the agency, is not known to the agency and is not in circulation in Nigeria. The agency further said that it has carried out a thorough investigation at the facility of Fan Milk PLC and can confirm that no such product is being developed by the company and no stock of packaging materials of the said “FanYogo Gin & Ginger” were found in the premises.

Nestle Nigeria trains 30,000 farmers on sorghum, millet farming

Nestle Nigeria Plc, said it has partnered with the International Fertiliser Development Centre (IFDC) to train 30,000 Nigerian farmers on resilient farming of sorghum and millet over the past two years as part of its effort to source 100% of its raw materials locally.

This was disclosed by the company’s Corporate Communications and Public Affairs Manager, Victoria Uwadoka, during a media briefing at the company’s corporate headquarters in Ilupeju, Lagos, recently.

PZ Cussons Nigeria profit drops 40% as weak consumer demand impact sales

Consumer Goods Company PZ Cussons Nigeria Plc continues to feel the impact of a lingering recession with low patronage of its goods due to subdued consumer disposable income.

The company reported a 40% decline in profits for the nine months to the end of February, blamed on weak consumer demand, which saw sales fall by 13% to N55bn from N63bn in the previous year. The company said that profits fell to N807m from N1.3bn in the same period in 2018 despite the company’s best effort to manage costs.