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

Nigerians spent N208bn on Alcohol in 2016, says NBS

Nigerians spent a total of N208bn on alcohol in 2016, according to the latest data from the National Bureau of Statistics (NBS).

A breakdown of the nation’s consumption pattern shows that the South-South zone consumed the most alcohol in the country, with N74.4bn spent on alcohol. This covers the states of Delta, Edo, Bayelsa, Rivers, Akwa Ibom, and Cross Rivers.

AFBTE posts 22.3% income growth in 2018

The Association of Food, Beverage and Tobacco Employers (AFBTE) said that its full year income in 2018 grew by 22.3% to N102m from N83.4m in 2017.

The trade union organization which represents the interest of companies in the food, beverage and tobacco industries said that the sector was beset by influx of imported finished products, which negatively impacted the patronage of locally made goods and thus affected the organisation’s profit margin.

Best Global Brands launches new cream liqueur

Nigerbev Limited, makers of Best spirits brands in Nigeria have introduced a new premium cream liqueur in the market – Best Honey Cream Liqueur.

According to the company, “Best alcohol premium beverage aims to satisfy the taste buds of our esteemed customers and consistent with our pledge to provide Best products and exciting choices at all times, we have recently introduced a new variant called Best Honey Cream Liqueur made from soothing and comforting honey flavor which can be served chilled or with ice,” a statement from the company read.

Monster Beverage weighs venturing into alcohol, soft drinks business

Energy drinks maker Monster Beverage Corp is considering expanding its business line beyond energy drink.

The US-based company said at a shareholder’s meeting on Thursday that it was looking to grow its portfolio into different categories beyond energy drinks.

Nigerian spirits brands make Top 100 fastest growing spirits brands

Nigerian alcohol spirits brands have made the list of the world’s Top 100 fastest growing spirits brands, according to International Wines and Spirits Record (IWSR). The 100 brands come from across the major spirits categories, including whiskey, gin and vodka among others.

Food & Beverage Exhibition set for June 18th – 20th in Lagos

More than 150 exhibitors are expected to take part in the Food and Beverage West Africa (FAB) show, which opens its doors from June 18 to 20 at the Landmark Centre in Victoria Island.

Over a third of exhibitors are from Nigeria, while more than 20 countries will be represented, with Benin, Morocco, South Africa and Kenya among the participating African countries.

“We launched Guinness Gold because we’ve seen Premium tip back into growth” – Diageo

Diageo Plc has said it introduced Guinness Gold in the Nigerian premium beer segment because the category was returning to growth.

While commenting on the group’s activities in Africa at the recently concluded Diageo – Capital Markets Day in New York, John O’Keeffe, Diageo’s Africa President, said: “I think our decision to launch Guinness Gold is because, even though Value beer is still growing because of that consumer distress in Nigeria, we’ve actually seen Premium tip back into growth, which is very encouraging for us, because we haven’t seen that in a while in Nigeria”.

Nosak Distilleries acquires 6,000 hectares of farmland in Edo to develop Cassava value chain

Nosak Distilleries Limited, a leading ethanol refiner, has announced the acquisition of 6,000 hectares of arable farmland in Edo State as part of its effort to source its raw materials locally.

The company made the announcement at the fourth Cassava and Starch Africa Summit which held in Accra, Ghana recently.

While expressing his delight about the summit to the organisers, the Group Executive Director, Corporate Services, Nosak Distilleries, Osagie Ogunbor, said: “The two-day summit was a good ground to learn new trends in the exploration of cassava and its many by-products. We participated in this year’s summit as a result of our diversification in the agricultural sector and to explore the option of cassava to ethanol locally”.

NAFDAC makes arrests at site of illegal distilleries in Akwa Ibom

The National Agency for Food and Drug Administration and Control (NAFDAC) said it has discovered the site of an illegal factory in Akwa Ibom that makes and distributes adulterated alcoholic beverages.

The agency’s Director General, Prof. Moji Adeyeye, in a statement on Friday in Abuja, disclosed that the factory was discovered in Afaha Obong in Abak Local Government Area of the state.

Diageo rolls out global parental leave revamp

British-based drinks maker Diageo Plc on Thursday unveiled its new global parental leave, offering several regional businesses at a minimum 26-weeks fully paid leave to both parents.

The parent company of Guinness Nigeria is offering all female employees in all markets at least 26 weeks of fully paid maternity leave, and has committed to offering four weeks of fully paid paternity leave worldwide.