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: Ready-to-drink

Smoov Chapman marks Mother’s Day with big Celebration

SMOOV Chapman, a product of The La Casera Company held its much anticipated mother’s day party, ‘SMOOV moms’ day out on Sunday, the 12th of May 2019, at the prestigious Radisson Blu Hotel with over 180 Chapmoms in attendance. Attendees were treated to an exciting time from the entrance into the hall with red carpet sessions and a 360 phototainment booth with different costumes.

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.

FOBTOB launches empowerment scheme for members’ children

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has launched a N1million empowerment scheme for children of its members who graduate with first class.

The union’s President, Quadri Olaleye, who revealed this at a luncheon in Lagos in honour of the media for their support for the union’s activities, explained that the award of N1million to brilliant youths was aimed at promoting academic excellence.

Nigerian Breweries releases statement on lawsuit filed against it by the Nigerian Copyright Commission

Nigerian Breweries Plc on Monday released a statement on a pending legal case brought against it by the Nigerian Copyright Commission (NCC). The company stated that it was defending the action filed against it and its former Managing Director/Chief Executive Officer, Mr Johan A. Doyer, by the NCC. The case is pending at the Federal High Court in Abuja.

According to the company, the case is not new as it was instituted in October, 2017 by one Mr Paul Allen Oche, who is laying claims to the copyright supposedly contained in a book he “wrote” and which book has, as part of its title the Amstel Malta trademark which is well known as one of the brands in the company’s portfolio.

FTN Cocoa Processors fights to fend off liquidation

FTN Cocoa Processors Plc is facing threat to its existence as bankruptcy looms.

The once thriving enterprise, which has fallen on hard times in recent years said in a statement released to the Nigerian Stock Exchange (NSE), that it had not held an Annual General Meeting (AGM) or declared dividends over the last two years due to financial difficulties sourcing working capital to procure cocoa beans.

Nestle Nigeria posts 28% profit rise in 2018

Nestle Nigeria Plc, on Wednesday reported a 28% increase in profit for the full year 2018. The food and beverage giant said that profit rose to N43bn from N33.7bn in the previous year, benefiting from a 90% reduction in net finance cost to N900m. In the same period in 2017, finance cost was N8.9bn.

Revenue in the period grew 9% to N266bn from N244bn helping boost operating profit by 9%.

Distell sustains half-year revenue growth with 9% lift

Distell Group, a leading South African-based cider, spirits and wine producer with foot prints in several African countries including Nigeria and across the globe reported half-year revenue growth of 9.1% through the end of December. Revenue rose to R14.4bn rand (US$1bn) on -0.5% volumes.

In South Africa, revenue was up 7.4% on a negative 2.2% volume. The growth was led by a 10.6% sales boost in the spirit segment, particularly Gin and Vodka, with whisky recovering. Cider and RTD (ready-to-drink) performed strongly with revenue growing 7.6%, led by Savanna, Extreme and Bernini.

SONA Group Opens Water treatment Plant

The Sona Group of Industries has inaugurated effluent treatment plants in Sango -Ota, Ogun State. The treatment plants were inaugurated in four of subsidiary units of Sona Group, namely: Euro Global Foods and Distilleries Limited, Sona Agro Allied Foods Limited, Food, Agro and Allied Industries Limited and Shongai Packaging Industries Limited were also inaugurated.

The treatment plants are expected to treat the wastewater produced by the industries, which are undesirable by- products before release into the environment.

Anjan Patole takes over as MD at Suntory Nigeria

Suntory Beverage and Food Nigeria Limited (SBFN) has appointed Anjan Patole as its new Managing Director. His appointment became effective on 15th December, 2018, as he took over from Gauthier Leveque.

Prior to joining SBFN, Anjan was the chief executive officer at Sameer Agriculture and Livestock Limited, Nairobi, manufacturers of FMCG brands in dairy products, ice-cream and water since 2014, where he oversaw seven East African countries.

CCBA acquires Zambian producer of fermented maize beverage, the latest in its consolidation journey

Coca-Cola Beverages Africa (CCBA), South Africa-based Coke bottler said it has obtained the necessary regulatory approval to acquire the assets of Fairy Bottling Zambia Limited, a maker of Super Maheu (fermented maize beverage), Aqua Savana and other soft drinks trademarks.