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 »
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 »
Beta Glass Plc reported higher sales and profit for the full year ended 31 December 2019.
The glass bottle maker said that sales grew by 12% to N29.4bn from N26.3bn in the previous year. Cost of sales rose by 9% to N22bn.
Selling and administrative expenses saw a modest increase of 19% and 5% respectively.
Guinness Nigeria Plc said that its revenue and profit continued to face market challenges in the first half of the year.
The drinks company reported a tepid rise in sales for the six months to the end of December. Sales rose by 1% to N68.3bn from N67.8bn in the same period in 2019.
Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to £7.2bn from £6.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands.
It noted that all regions contributed to the growth, driven by productivity benefits from everyday cost efficiencies and strong price/mix, partially offset by cost inflation and up weighted marketing investment.
Wines and spirits producers under the umbrella body, Distillers and Blenders Association of Nigeria (DBAN) have announced the launch of a six months campaign against underage and irresponsible drinking across the country.
The Chairman of the association, Chief Patrick Anegbe, announced the initiative on Thursday while addressing the media and other stakeholders.
He noted that underage and irresponsible drinking were serious social problems that needed to be addressed even it affects the bottom line of the association members.
Guinness Nigeria Plc said it has re-signed football great Rio Ferdinand as brand ambassador for a second season as it unveils a new football campaign.
In a statement, the company said that the campaign was on the Guinness Night Football, which would feature a series of diverse and immersive football experiences.
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 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.
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 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 N7.5bn rise in sales, a 24% increase.
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 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.
