Cream Liqueur sees growth with new players, more flavours

Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »

Category Archives: Ready-to-drink

Guinness Nigeria posts Q1 loss amid challenges, impact of excise duty increase

Guinness logo

Guinness Nigeria Plc said that a challenging macroeconomic environment, coupled with competition, unfavourable mix performance and excise duty increases on both beer and mainstream spirits negatively impacted its first-quarter results ending in September.

Revenue for the drinks company fell by 4% to N26.9bn from N28bn in the same period in 2018. Operating Profit declined by 59% to N682m, from N1.67bn, driven by the drop in revenue.

NECA urges Federal Government to foster dialogue to ease doing business in Nigeria

NECA logo

The Nigeria Employers’ Consultative Association (NECA) has appealed to the Federal Government to encourage dialogue and engagement to resolve issues in a friendly and peaceful manner within the provisions of the law when dealing with businesses.

The Pro-business group made the call in Lagos on Tuesday following the recent sealing of the premises of Nestlé Nigeria Plc by officials of the National Lottery Regulatory Commission (NLRC).

FBRA appoints Executive Secretary to deepen commitment towards a sustainable recycling economy

Agharese (Arese) Lucia Onaghise, Executive Secretary, Food and Beverage Recycling Alliance

The Food and Beverage Recycling Alliance (FBRA) has announced the appointment of Agharese (Arese) Lucia Onaghise, as the Executive Secretary of the Alliance to drive its ambitious goal towards building a sustainable recycling economy for food and beverage packaging waste in Nigeria.

Onaghise will drive the various campaigns and initiatives of FBRA as a Producer Responsibility Organisation (PRO) to fruition, with her wealth of experience. This would further strengthen the recovery of food and beverage packaging waste in compliance with the Extended Producer Responsibility (EPR) policy of the Federal Government.

NLRC unseals Nestlé’s head office after firm agrees to pay disputed lottery fees

Nestle logo

The National Lottery Regulatory Commission (NLRC) has agreed to reopen the corporate headquarters of Nestle Nigeria Plc following an agreement reached with the food and beverage firm to pay a disputed N65m lottery commission stemming from lottery promos the company held between 2012 and 2014.

According to the NLRC, the company’s office was sealed for violating the National Lottery Act, 2005 and National Lottery Regulations, 2007. The NLRC, which is an agency of the Federal Government, regulates sales promo operated by companies.

Lagos Cocktail Week returns

drinks - lagos cocktail week

Africa’s largest cocktail experience is almost here again! Lagos Cocktail Week 2019 (LCW) is set to take place from October 16th-October 17th 2019.

The first Lagos Cocktail event held on October 2014 as a week-long event known as The Lagos Cocktail Week (“LCW”).

AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

Symrise opens new Lab in Nigeria

Flavoring and fragrance manufacturer, Symrise has opened its new application laboratory in Lagos. The launch which took place on 4th September 2019 was attended by the company’s management team from Germany as well as customers and guests.

According to the company, the launch of the new lab is meant to deepen the company’s presence in West Africa and to service Nigeria’s consumer demands by sourcing production inputs locally.

Currency devaluations and liquidity restrictions hit Distell Group’s full-year earnings

Distell Group, South Africa’s largest spirits, cider and wine producer with operations in several African countries including Nigeria reported a 45.5% drop in earnings for the full year ending on 30th June 2019. Net profit fell to R909.8m rand, from R1.7bn in the previous year.

Despite an 8% revenue growth in the full-year to R26.2bn (US$1.7bn), from R24.2bn in the previous year, sales volume in its home market declined by 0.9%. The drop was blamed on low consumer confidence as disposable income remained subdued and with increased value offerings by competitors, particularly in beer.

Flavourings Company, Symrise set to open new facility in Nigeria

German-based Symrise, a global manufacturer of flavourings, fragrances, cosmetic active ingredients, and raw materials has announced it will be opening a new laboratory in Lagos on 4th September, 2019 following a media tour of the facility.

The event will mark a new chapter in the company’s interaction with Nigeria, having maintained a sales presence in the country for more than 30 years.

Guinness Nigeria reports lower results for 2019 as slow lager, RTD sales and impact of excise duty drag down revenue and profits

Guinness logo

Guinness Nigeria Plc has reported declines in revenue and profit for the full-year ending on 30th June 2019.

The company blamed sluggish sales in the lager and ready-to-drink segment as well as the impact of the second wave of a new excise duty on alcohol and tobacco that went into effect in June 2018 for the lower results. Revenue declined by 8% to N131.5bn from N143bn in the previous year.