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: Wines & Spirits

Guinness promises extraordinary football experience as football great Rio Ferdinand visits Nigeria

Guinness Nigeria Plc recently unveiled an exciting new partnership with legendary premier league footballer, Rio Ferdinand. The Manchester United defender will be visiting Nigeria from 30th November to 1st December to join Guinness’ efforts to find and celebrate Nigerian football fans that are Made of More.

In anticipation of Rio’s visit, Guinness Nigeria will be running a promo to select winners to join Rio at a live international match in Cameroon. The promotion will be launched on 9th November 2018. You are welcome to participate by sending an SMS of the code under the crown of your Guinness Promotional Bottle to 1759.

Guinness Nigeria appoints Ajogwu, Gallagher as Non-Executive Directors

Guinness Nigeria Plc has announced the appointment of Professor Fabian Ajogwu, SAN and Mr. Paul Gallagher to its Board as Non-Executive Directors.

PROFILE OF PROFESSOR FABIAN AJOGWU SAN

According to a statement released by the company, Fabian Ajogwu, a Senior Advocate of Nigeria, practices law at Kenna Partners; and is a Lagos Business School Professor of Corporate Governance. He is an Alumnus of the Said Business School of Oxford University, and an Alumnus of the Lagos Business School. He holds a Doctorate degree in Law from University of Aberdeen, Scotland; an MBA from the IESE Business School, Barcelona; and Law degrees from the University of Nigeria, and University of Lagos.

Food, Beverage & Tobacco Union lament high rate of retrenchment in sector

The Food, Beverage & Tobacco Senior Staff Association (FOBTOB) has expressed sadness over the increased rate of retrenchment of workers by employers in the sector.

The union urged the Federal Government to engage employers in the sector so as to halt the looming crisis the mass lay-offs in the sector may engender in the near future.

Beta Glass earnings surge 58% in nine months on strong revenue growth

Higher sales boosted net earnings of Beta Glass Plc in the first nine months of 2018.

In the release of its financial results, the company said that net income rose 58% to ₦3.5bn in the periods, January-September, from ₦2.2bn in the same period last year.

Guinness Nigeria Qtr1 profit surge on lower finance charge, productivity gains

Guinness Nigeria Plc, said its profit for the first quarter (Jul – Sept) surged 1,919% to ₦836m from ₦41.3m.  The surge was as result of an 83% reduction in net finance charge to ₦436m from ₦2.6bn in the previous year, benefiting from a ₦40bn rights issue the brewing company launched in 2017.

McDowell’s No. 1 Whisky transitions to new name, Mr. Dowell’s

McDowell’s No. 1, the largest selling whisky in Nigeria and a brand produced and marketed by Guinness Nigeria Plc under licensing agreement from Diageo Plc, its parent company, has announced a name change to ‘Mr. Dowell’s No.1’.

Speaking on the name change, Temitope Adenle, Brand Manager, Mr. Dowell’s No.1, said, the new name was the overwhelming favourite of Nigerians who joined in a unique social media campaign for a name change which lasted for two weeks.

Kelvin Oduntan shakes up Nigerian Special at World Class Global Competition in Berlin

Kelvin Oduntan, World Class Nigeria Winner represented Nigeria at the just concluded World Class Global Competition in Berlin, Germany. The contest attracted 56 of the finest bartenders from across the world vying for the title of Bartender of the Year.

Known for his traditional style which he expresses through his fashion and mixology, Kelvin stayed true to his roots by delivering a truly Nigerian spin to the classic cocktail, Dutch Mule. Instead of the usual ginger beer, his recipe combined ginger-infused palm wine and lime juice with the meticulous sophistication of Ketel One Vodka. His serve was very well received by the audience in Berlin who kept coming back to experience the original Nigerian Mule.

Euro Global Foods rewards distributors, marketers at Champions Awards

Euro Global Foods and Distilleries, a subsidiary of Sona Group Nigeria Limited, recently celebrated its distributors and marketers who excelled in the course of their business partnerships with the company through the year.

Mr. Arjan Mirchandani, Chairman of Sona Group of Industries, while delivering his goodwill message noted that the award is a reward for hard work, passion and dedication.

Trader arrested for producing adulterated alcohol brands

The Lagos State Police Command announced the arrest of a trader, Emmanuel Nwodo, for allegedly distributing adulterated alcoholic beverages in the Iju area of the state.

Nwodo, who is 38, was reportedly apprehended with chemicals suspected to be ethanol and other materials used in the production of fake drinks.

Distell records full year revenue and profit rise despite challenging market conditions

Distell Group, South Africa’s leading cider, spirits and wine producer reported revenue growth of 10.4% for the full-year ending in June 2018. Revenue grew to R24.2bn rand ($1.9bn) on a 4.6% volume lift.

The company reported a strong growth of 10.1% in South Africa, its home market on 4.4% higher volumes amid low GDP growth and higher cost of living putting increased pressure on consumer disposable income.

Distell derives 74% of its revenue in South Africa.