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: Energy drinks

Lucozade unveils ‘Lucozade Under-the-Cap Airtime National Promotion’

In line with its commitment to reward and appreciate loyal consumers, Suntory Beverage and Food Nigeria Limited (SBFN), makers of Lucozade, has set aside ₦200million worth of Instant Airtime to reward consumers in the 3rd edition of its “Lucozade Under-the-Cap Airtime National Promotion”.

At the media launch of the promotion in Lagos, the Managing Director, SBFN, Mr. Chinedum Okereke, announced the kick-off of the 2018 Lucozade Airtime promotion during his opening address. “We are proud to announce the return of the successful Lucozade Airtime Promotion for the third time since its launch in 2016. The promotion is an avenue for us to attain nationwide reach as far as rewarding our consumers is concerned, and the modality of the promotion gives us a great opportunity to target millions of consumers.”

Suntory Nigeria seeks to boost sales with new product launches, expanding distribution

Suntory Beverage & Food Nigeria Limited, said it is seeking to double its revenue over the next five years by introducing new products and expanding its distribution network.

The Nigerian unit of Japanese food and beverage company, Suntory Beverage & Food Ltd, said it planned to increase sales to ₦40bn ($111 million) from about ₦20bn, the company’s Managing Director, Chinedum Okereke said on a Monday interview with Bloomberg in Lagos. The boost in sales will increase the local unit’s contribution to its parent company’s sales in Africa, Middle East and the Caribbean by as much as 65%, he said.

Rite Foods holds maiden Beverage Award for Distributors, Trade Partners

Rite Foods Limited, a new player in the Food and Beverage sector with such brands as Bigi Cola, Bigi Orange, Fearless Energy drinks, among others held its very first distributors and trade partners award on 26 April 2018 in Oregun, Ikeja, Lagos.

The forum, themed the 1st National Consumer Forum for Beverage, was a platform for the company to appreciate its loyal customers for their patronage over the last 10 years.

UK launches sugar tax on sweetened beverages

The United Kingdom on Friday became the latest country to join a growing list of countries that have enacted ‘sugar tax’ laws on sweetened beverages as a way to fight obesity among children which is the leading cause of cardiovascular diseases later in life such as hypertension, high cholesterol, diabetes among others.

The UK is said to have the highest level of obesity in Western Europe.

South Africa sugar tax comes into force

South Africa’s proposal to tax sugar sweetened beverages which was first announced in 2016 finally came into effect on Sunday 1st April 2018.

The new sugar tax called the ‘Sugary Beverages Levy” and a part of the “Health Promotion Levy” is set at 2.1 cents per gram of sugar content that exceeds 4g per 100ml. According to the new law, the first 4g per 100ml are levy free.

“Sugar” refers to intrinsic and added sugar and other sweetening matter. However, fruit juice is exempt.

SON convenes stakeholder’s meeting to review standards for beverages

The Standards Organisation of Nigeria (SON) has stressed the need for Nigeria to generate her own data on Benzene level in soft drinks in order to arrive at the safe maximum level of benzoic acid or opt for alternative preservatives.

Mr. Osita Aboloma, the Director General of Standards Organisation of Nigeria (SON), stated this at the Technical Committee meeting on water, alcoholic and non-alcoholic drinks held in Abuja.

Sona Group to unveil ethanol plant in January 2018

Barring any unforeseen hiccups, Sona Group, a diversified conglomerate with interests in the beverage industry, biscuits, food and allied products among others said it has set a January 2018 date for the completion of a N3 billion ethanol plant it is constructing.

The group hopes to meet local demand of ethanol with a daily production capacity of 120,000 litres, which translates to 43.8 million litres per year.

Tasty Time MD arrested for manufacture of unregistered beverages

The Managing Director of Tasty Time Nigeria Ltd, Isaac Kole, was arrested on Thursday and arraigned before a Federal High Court in Lagos over alleged manufacture of fake and unregistered products.

The National Agency for Food and Drug Administration and Control (NAFDAC) arraigned the accused alongside his company on a four-count charge bordering on producing fake products.

AB InBev buys Energy drinks firm Hiball

Anheuser-Busch InBev on Thursday announced the acquisition of Hiball Inc – an energy drinks company based in San Francisco, California. The terms of the deal were not disclosed.

Hiball was founded in 2005 and makes a line of energy drinks with ingredients such as guarana and ginseng, as well as Alta Palla, a line of sparkling juices.

AB InBev said it plans to deliver Hiball products to new markets, while preserving their culture and brand identities.

No tariff increase on food items, luxury goods as earlier reported – FG

The Federal Ministry of Finance, on Friday, clarified that import duties on luxury goods and food items have not been raised, as was earlier reported.

In a statement issued by the Director of Information, Salisu Dambatta, the ministry said that contrary to some media reports that tariffs on such items have been raised, the government had no such plans at this critical period.

Dambatta further said that instead of increasing import duties, what the government did was to reduce most of the items based on the fiscal measures for 2016.