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 Nigeria’s revenue decline 4% amid low beer sales, impact of new excise duty

Guinness Nigeria Plc said on Thursday that net sales for the third quarter and nine-months to the end of March declined by 4% respectively. The company recorded N33.6bn in net sales in the third quarter and N101.4bn in nine months.

Johnnie Walker introduces White Walker

Johnnie Walker, the world’s best-selling Scotch whisky, in collaboration with HBO Game of Thrones unveiled the new White Walker.

At the launch event held at the FCA Showroom in Victoria Island Lagos, the winter-themed event treated celebrities, media influencers and fans of the hit show to an unprecedented immersive experience with a live orchestral performance of the GOT Theme song as arranged by Johnnie Walker.

FG to review excise duty rate on alcoholic beverages as firms struggle amid drop in profits

The Federal Government has said it is reviewing excise duty rates on wines and spirits.

The review is coming nine months after President Muhammadu Buhari approved incremental tariff increase on alcohol and tobacco products.

According to a Tuesday report in Bloomberg, Paul Abechi, a spokesman for Finance Minister Zainab Ahmed, said in emailed response to questions, without giving a time frame.

Guinness Nigeria launches new Baileys Delight, a light and lush Cream Liquor

Guinness Nigeria Plc on Friday 29th March unveiled its latest addition to its alcoholic beverage portfolio – Baileys Delight, a light and lush cream liquor which blends the luscious taste of African honey with real dairy cream, from the makers of Baileys Original Irish cream.

According to the company, Baileys Delight is a new fusion of flavours with an African twist and perfect for that pause at the end of the day – a moment of pure pleasure in the busyness and buzz of modern life.

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

NUFBTE urges beverage firm not to engage expatriates

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) President, Comrade Lateef Oyelekan, has advised the management of La Casera Company not to allow foreign workers take over positions that are meant for Nigerians.

The union boss gave the advice when the new Managing Director of The La Casera Company, Mr. Chinedum Okereke, visited NUFBTE executives in Lagos.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

Kensington Distillers & Vintners buys 1960 Rootz

London-based Kensington Distillers and Vintners Limited (KDV) has acquired the 1960 Rootz brand in Nigeria from AB InBev. The purchase includes the state-of-the-art manufacturing plant used to produce 1960 Rootz.

Kensington Distillers & Vintners said a new business name has been formed – Monument Distillers and the production facility will soon be moved from AB InBev’s Port Harcourt production facility to Lagos where Kensington Distillers’s offices are based.

FOBTOB launches empowerment scheme for members’ children

The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has launched a N1million empowerment scheme for children of its members who graduate with first class.

The union’s President, Quadri Olaleye, who revealed this at a luncheon in Lagos in honour of the media for their support for the union’s activities, explained that the award of N1million to brilliant youths was aimed at promoting academic excellence.

Distell sustains half-year revenue growth with 9% lift

Distell Group, a leading South African-based cider, spirits and wine producer with foot prints in several African countries including Nigeria and across the globe reported half-year revenue growth of 9.1% through the end of December. Revenue rose to R14.4bn rand (US$1bn) on -0.5% volumes.

In South Africa, revenue was up 7.4% on a negative 2.2% volume. The growth was led by a 10.6% sales boost in the spirit segment, particularly Gin and Vodka, with whisky recovering. Cider and RTD (ready-to-drink) performed strongly with revenue growing 7.6%, led by Savanna, Extreme and Bernini.