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: Soft drinks

Employer’s Union appeal to government to engage private sector in talks on forex ban on food import

The Association of Food, Beverage and Tobacco Employers (AFBTE) has called on the Federal Government to go into talks with the Organised Private Sector (OPS) and other concerned stakeholders in the food industry in a bid to find lasting solutions to the government’s plan to restrict foreign exchange on food imports.

NBC, Enyo partner to provide Coca-Cola products to consumers

The Nigerian Bottling Company (NBC), bottlers of Coca-Cola products said it has partnered with Enyo Retail & Supply Limited, a downstream oil and gas firm to boost customer experience through the provision of the NBC chillers at selected Enyo service stations nationwide.

According to the NBC, the collaboration aligns with Enyo’s vision of making its retail outlets one-stop centres where customers can do more than fuelling their cars.

Goldberg, La Casera to support 2019 Udiroko Festival

Two major beverage brands, Goldberg Lager beer, produced by Nigerian Breweries Plc, and La Casera Apple drink, made by The La Casera Company Nigeria Limited are some of the sponsors billed to take part in the 2019 edition of the Udiroko Festival, a cultural celebration of the Ado-Ekiti people as a collective entity that dates back to 1310 AD.
Both sponsors are said to have taken notice of the importance of the festival celebrated annually in Ado-Ekiti, South West Nigeria.

“We have reached over 16,000 young people with business and life skills” – NBC

The Nigerian Bottling Company Limited (NBC), the bottlers of Coca-Cola soft drinks in the country has said that its Youth Empowered programme has trained 16,000 entrepreneurs.

The company’s Public Affairs and Communications Director, Ekuma Eze, made this known while speaking at a three-day training workshop in Calabar. He said that the soft drinks giant is involved in the initiative because the government alone cannot solve the problem of unemployment.

Coca-Cola HBC half-year profit hit by poor weather, challenging prior year comparable

Coca-Cola HBC on Thursday reported a 10.1% decline in profit for the first half of the year ending on 30th June 2019, adversely impacted by unseasonably wet and cold weather conditions in the second quarter as well as a challenging comparable from the previous year when Coca-Cola was one of the main sponsors of the FIFA World Cup tournament and benefitted immensely from the sales promo.

Recipient of 7Up Harvard Business School Scholarship 2019 unveiled

Seven-Up Bottling Company Limited (“SBC”), makers of Pepsi, 7Up, Teem, Mirinda, Mountain Dew, Aquafina and H2Oh! have restated its commitment to consistently invest in the Nigerian youth.

At the unveiling of Miss Anyanwu Maureen Uzoamaka as the recipient of the 7Up Harvard Business School MBA Scholarship for 2019, Managing Director of SBC, Mr. Ziad Maloof said the future of Nigeria belongs to the youths urged Uzoamaka to use the global MBA and leadership training she will acquire from Harvard Business School to make a positive impact in Nigeria.

Beta Glass grows revenue 10% in half-year amid cost pressure

Beta Glass Plc on Tuesday reported revenue growth of 10% for the first half of the year through 30th June 2019, sustaining its growth momentum.

Revenue rose to N14.5bn from N13.1bn in 2018.

Coca-Cola Nigeria gets a new Managing Director – Yebeltal Getachew

Coca-Cola Nigeria Limited (CCNL) has announced the appointment of Yebeltal Getachew as its new Managing Director.

According to a statement by Nwamaka Onyemelukwe, Coca-Cola Nigeria Public Affairs and Communications Manager, Getachew would take over from Bhupendra Suri. His responsibilities include leading and optimising profitable revenue and volume growth of Coca-Cola’s business in Nigeria under the West African Business Unit (WABU).

Coca-Cola reports 6% revenue growth in Q2, helped by innovation, brand performance and strong market execution

Coca-Cola on Tuesday reported a 6% revenue growth to $10bn for the second quarter of 2019, driven by consumer-centric innovation, solid core brand performance and improved execution in the marketplace.

The company said it continued to gain global value share, which led to an update of its full year guidance for 2019 to 5% organic revenue growth.

Commenting on the results, the CEO of The Coca-Cola Company, James Quincey, said: “Our strategy to transform as a total beverage company has allowed us to continue to win in a growing and vibrant industry.

PepsiCo acquires South African juice maker Pioneer Foods in an expansion drive into Africa

PepsiCo, Inc, U.S.-based food and beverage giant has agreed to acquire Pioneer Foods of South Africa in a deal valued at US$1.7bn, both companies said on Friday in South Africa.

The acquisition gives PepsiCo a foothold for expansion into the rest of Africa. PepsiCo will gain brands and manufacturing facilities in Nigeria, Kenya, and South Africa.