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: Wines & Spirits

IDL holds annual distributors award, relaunches Teezers Cocktail

Intercontinental Distillers Limited (IDL), makers of a wide range of alcoholic spirits drinks has held its annual distributor’s award in a bid to appreciate their hard work and sustain their loyalty. The event which took place on the 19th of October in Lagos also saw the spirits company re-launch her alcopop brand, Teezers.

Monument Distillers appoints Godwin Oche as CEO

Godwin Oche, CEO, Monument Distillers

Monument Distillers Nigeria Limited (MDN) has announced the appointment of Mr Godwin Oche as its Chief Executive Officer (CEO).

Mr Oche joins MDN from AB InBev where in January 2016 as a result of the integration of SABMiller and AB InBev, Mr Oche was made the Regional Director/ General Manager of AB InBev’s brewery in Onitsha. In 2017, he was appointed National Sales Director of AB InBev’s Nigerian business and is credited with championing the business’s growth agenda to delivering significant volume and market share growth, ultimately contributing to growing the company from fourth- to second-largest beer company in Nigeria.

Stakeholders harp on need to harness cassava value chain

cassava

The Nigerian Cassava Growers Association (NCGA) has said that the crop has the capacity to generate N10 trillion and save Nigeria over N1.2 trillion from import of derivatives such as ethanol, starch and sweetener.

The Association’s President, Mr Segun Adewunmi, who spoke in Abuja recently, lamented that the huge potential in cassava value chain had not been well explored. He said in spite of being adjudged the highest producer of cassava in the world, Nigeria was not reaping enough from the commodity.

Beta Glass maintains growth momentum in nine months with strong boost from Qtr3

Beta Glass Guinea Plant, Agbara, Ogun State

Beta Glass Plc reported 15% revenue growth for the first nine months of its financial year through 30th September 2019.

Sales increased to N21.9bn from N19.2bn in 2018. The third quarter was particularly strong with an N7.5bn rise in sales, a 24% growth.

The company continued to keep costs down with selling and distribution expenses as well as admin expenses declining by 14% and 30% respectively. Operating profit grew by 17% in the nine months to N4.9bn and by 49% in the third quarter alone.

Pernod Ricard unveils Seagrams Imperial Blue Whisky in Nigeria

Pernod Ricard Seagrams Imperial Blue Whisky

Pernod Ricard has introduced Seagrams Imperial Blue whisky brand into the Nigerian market with an aim to further bolster its presence in Sub-Saharan Africa.

The Whisky brand which is a perfect blend of quality grain spirits and imported scotch malts was unveiled at an exclusive launch event before a select audience of consumers, lovers of the brand and media personalities recently in Lagos.

Brewers groan under the weight of excise duty increase amid revenue and profit declines

beer

Brewers in the country have called on the Federal Government to review its position on the excise duty increase that took effect in June 2018 as it is severely impacting their operations.

As quarterly results trickle in, one complaint has remained constant, the impact of the new excise duty on revenue and profits.

Unease in Zaria over bill to ban sale, consumption of alcohol

spirits, wine and beer

There was fear on Thursday as the Sabon Gari Local Government Area in Zaria, Kaduna State proposed a bill to ban the sale and consumption of alcohol within the local government area.

The hearing on the proposed bill to outlaw the sale and consumption of alcohol took place at the Sabon Gari Local Government secretariat where tensions were high.

Sabon Gari is an area in Zaria, Kaduna State reserved for non-natives.

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.

Ghana’s Alomo Bitters maker counts losses as Nigerian border closure takes a toll

Kasapreko products

Ghana’s largest beverage manufacturer and maker of widely consumed Alomo Bitters in Nigeria is feeling the effects of the recent border closure by Nigeria.

Kasapreko Company Limited, a pioneer of alcoholic bitters in the Nigerian market said it has lost US$2m in sales following the closure of the Seme border by the Nigerian government.

Danish spirits firm, Spivi launches SMA SHOTS in Nigeria

SMA SHOTS

The Danish Spirit Factory has launched a new product, SMA SHOTS in Nigeria, with consumers’ refreshment its focal point.

Packaged in an angelic bottle, SMA SHOTS has been made in a way that takes especially the young crowd to the world of flavours.

The CEO and Export Manager of SMA SHOTS, Sebastian Gronskov, explained that every bottle of SMA SHOTS is a promise kept.

“We are the company that have arrived to export SMA SHOTS out into the world, we have been exporting in several countries like Denmark, Norway, Sweden, Finland, Germany, Japan, Iceland and now Nigeria, we chose Nigeria as the first African country to penetrate because we have a very high hope for Nigeria and we see it as one of the transcending countries in Africa, and we also wanted to make sure our brand works well in African market.