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: Soft drinks

House of Rep orders NBC, others to print expiry dates, warnings on their products

The House of Representatives on Wednesday directed the Nigeria Bottling Company (NBC) Limited, makers of Coca-Cola soft drinks, as well as other producers of carbonated and non-carbonated soft drinks sold in Nigeria to as from January 2019, print expiry dates on all their products.

The bottling company was also directed to print labels on Fanta and Sprite drinks, warning that the products were harmful when consumed with ascorbic acid (Vitamin C).

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.

FIFA World Cup Trophy Tour wraps-up in Lagos amidst excitement and festivities

Lagosians came out in droves of excitement on Saturday to celebrate the arrival of the FIFA World Cup Trophy in the city and get a view of the coveted World Cup.

The Trophy which arrived Nigeria on Wednesday, courtesy of Coca-Cola, and was received by President Muhammadu Buhari in Abuja, after which it continued on the second leg of its two-city tour of Nigeria, landing in Lagos on Friday.

Nigeria Welcomes FIFA World Cup Trophy Tour

The much anticipated FIFA World Cup Trophy Tour arrived in Nigeria on Wednesday, with a first stop in Abuja, Nigeria’s capital and was received by the President, Muhammadu Buhari at the Presidential Villa. Also present at the welcoming ceremony were other stakeholders such as the President of the Nigeria Football Federation (NFF), Amaju Pinnick, Minister of Sports, Solomon Dalung, officials of the Coca-Cola Company including the Managing Director of Coca-Cola Nigeria Limited, Bhupendra Suri and his counterpart and Managing Director at the Nigerian Bottling Company (NBC), Georgios Polymenakos.

Coca-Cola to venture into alcoholic drinks

Coca-Cola has announced it would start making alcopops in Japan.

Alcopops are a special type of alcoholic beverages that mixes flavoured or real fruits such as apples, citrus, lemon and others with spirits like vodka, rum, etc.

Coca-Cola to cut jobs in Atlanta

Beverage giant Coca-Cola announced on Monday that it will be reducing its head count by about 350 personnel over the next few months, most of which will come from its Atlanta, Georgia United States headquarters.

The company is making the cuts from its North American business unit, which has about 8,000 employees overall, as part of ongoing changes in the shape of the business, according to Kent Landers, company spokesman.

Coca-Cola announces six winners of “Sweet Story Challenge”

The Coca-Cola Co has announced the six winners of the “Sweet Story Challenge” that it launched last August, which invites people from around the world to “submit written anecdotes and videos about their favourite, tried-and-true-methods of naturally sweetening foods or beverages in their cultures, communities or families.”

According to the company, each winner will get $20,000 grand prize for their submission of personal stories that shaped new sweetener ideas. The winning submissions were selected by a panel of judges based on the novelty of the ideas and the quality of the contestant stories.

Food & Beverage Union urges government to review tariff increase on alcohol and tobacco

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has asked the Federal Government to re-evaluate the advice to increase tariff on alcohol and tobacco to protect job losses.

Speaking to the media, the General Secretary of FOBTOB, Mr. Iji Solomon made the call to the government.

Coca-Cola full year results hurt by refranchising costs, tax charge

Leading beverage maker Coca-Cola said that full year net revenues for 2017 declined 15% to $35.4bn and by 20% in the fourth quarter alone to $7.5bn from $9.4bn in the previous year.

The soda giant blamed the revenue decline on “structural headwinds” related to costs associated with the ongoing refranchising of its North American bottling operations which is now complete.

Coca-Cola HBC full year results lifted by volume growth in developing, emerging markets

Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC) reported its full year results for 2017 on Wednesday, with the soft drinks giant posting a 24% increase in profit to €426 million. Revenue grew 4.9% in the period to €6.5bn from €6.2bn in 2016.