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: Segment

AB InBev seeks to raise cash from Asia Business unit

Anheuser-Busch InBev (AB InBev) said on Friday that it has applied to the Hong Kong stock exchange to sell shares in its Asia business unit known as Budweiser Brewing Company APAC.

The world’s largest brewing company is looking to sell 15% of its Asia unit to investors to raise about $5bn to $6bn dollars in an Initial Public Offering (IPO), according to sources close to the deal.

Nigerian Breweries plans to raise prices on beer as impact of excise duty hits earnings

Nigerian Breweries Plc said it plans to raise prices on its products to boost revenue and profit as the impact of the new excise duty rate increase hit earnings.

While speaking at the company’s Pre-Annual General Meeting (AGM) on Tuesday, the Managing Director of Nigerian Breweries Plc, Jordi Borrut Bel, said that with the second wave of excise duty rate increase set to come into effect in June 2019, the company needs to increase prices to offset inflationary pressure and the impact the excise duty rate increase would have on the bottom line.

AB InBev Q1 performance weighed by low consumer demand, Easter timing in key markets

AB InBev reported first quarter sales decline of 3.9% on Tuesday despite posting strong sales growth in key markets around the world. Revenue fell to $12.59bn from $13bn, adversely impacted by lower volumes in markets such as South Africa and Argentina, where the consumer remains under pressure due to challenging macroeconomic conditions.

Nigerian Breweries promises improved returns despite challenging operating environment

Nigerian Breweries Plc has assured stakeholders of a positive return on investment in 2019 despite a challenging operating environment for manufacturers.

The brewing giant made this known on Tuesday while briefing the media at its Pre-Annual General Meeting (AGM) held in Lagos.

The company said that the challenging operating environment continued into the first quarter of 2019, similar to what was seen in 2018, but feels strong with its clear strategy to deliver good returns to all of its stakeholders.

Heineken boosts its brand identity with launch of new Crown Cork

Heineken, the world’s premier international beer brand on Monday announced an innovation to boost its brand identity with an alluring all-green crown cork.

The Marketing Director, Nigerian Breweries Plc, Emmanuel Oriakhi, made the disclosure at a news conference in Lagos.

According to him, the innovation still has the great taste of Heineken in every bottle, the same quality and the same price.

“There is no fake Heineken in the market. Heineken is an international premium beer and associated with quality and thus, the need to take it to the next level.

Nigerian Breweries restates commitment to education, agriculture, healthcare, others

Nigerian Breweries Plc has restated its commitment to making an impact in education, agriculture, health and the environment in the communities in which it operates as well as across the country.

This was made known by the company’s Corporate Affairs Director, Sade Morgan, during a media briefing at the weekend. She added that Nigerian Breweries is a socially responsible corporate organisation with a good track record of corporate social initiatives.

Morgan said that the company’s Corporate Social Responsibility (CSR) since its founding in 1946 is driven by a vision to always “Winning with Nigeria” and that over the years, NB Plc has been very active in supporting national development aspirations in line with that vision.

Coca-Cola stretches its boundaries as it preps to launch alcohol mixers

Coca-Cola is set to launch a new set of premium mixers under its signature Coke brand as it expands into the premium mixer market.

The new mixers will have four flavours produced to be mixed with dark spirits, which will be unveiled in the UK in June, supported with a fully integrated marketing campaign.

Coca-Cola HBC Q1 results boosted by Emerging markets

Switzerland-based Coca-Cola HBC reported a 4.4% increase in first quarter net revenue on Thursday, helped by strong growth in emerging markets.

Net sales grew to €1.4bn ($1.58bn), from €1.35bn on the back of a 3.5% volume lift. Total unit case volumes sold rose to 469.2 million cases, from 453.2 million cases in 2018.

The company’s emerging market segment saw sales growth of 6.4% to €612.9m, boosted by a 5.7% volume lift. The growth in emerging market was driven by activities in Nigeria and ongoing expansion in Russia, Romania and Ukraine.

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.

Beta Glass opens year with 9% profit growth

Beta Glass Plc announced a net profit growth of 9% for the first quarter of 2019 ending in March. Net earnings rose to N1.24bn from N1.14bn in 2018, driven by 11% revenue growth. Sales grew to N7.2bn from N6.4bn.