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

Nosak Distilleries to start exporting ethanol to Ghana

Leading ethanol manufacturer, Nosak Distilleries Limited, a subsidiary of Nosak Group has concluded plans to commence the exportation of refined ethanol to Ghana as part of its export expansion plans. This came to bare after securing the certificate of registration from the Food and Drugs Authority of the Republic of Ghana in Accra.

Employer’s Union appeal to government to engage private sector in talks on forex ban on food import

The Association of Food, Beverage and Tobacco Employers (AFBTE) has called on the Federal Government to go into talks with the Organised Private Sector (OPS) and other concerned stakeholders in the food industry in a bid to find lasting solutions to the government’s plan to restrict foreign exchange on food imports.

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 who do not like alcohol. The flavour variants and cream masks the taste of whisky or other distilled spirits, and compared to other spirits categories, the alcohol base volume (ABV) is usually tame, between 13% – 17%, which is more tolerable for the target market. Also, the drink does not require a mixer to consume. It can be consumed straight out of the bottle either chilled or with ice.

Beta Glass grows revenue 10% in half-year amid cost pressure

Beta Glass Plc on Tuesday reported revenue growth of 10% for the first half of the year through 30th June 2019, sustaining its growth momentum.

Revenue rose to N14.5bn from N13.1bn in 2018.

Wines of South Africa marks Nelson Mandela Day at Annual Grand Tasting

Wines of South Africa (WOSA) held its seventh Wine Grand Tasting event in Lagos recently.

The annual event which brings together producers of wines from South Africa with lovers or wines, entrepreneurs, distributors, and other tradesmen together to network also celebrates Nelson Mandela Day.

The year’s event began with South African Introductory Wine Course, which is meant to teach people in the hospitality and tourism industry to better understand wines.

Diageo full year results boosted by broad-based sales growth across all regions

Diageo Plc, on Thursday, reported on its full-year results for the 2018/2019 financial year ending on 30th June 2019. The spirits maker said it recorded broad-based growth across all regions with sales growing by 5.8% to £12.9bn from £12.2bn in the previous year. The growth was driven by improved price/mix,  new product innovations and productivity benefits from everyday cost efficiencies.

Beta Glass to pay shareholders N1.30 per share dividend for 2018 full year

Beta Glass Plc said it will pay its shareholders N1.30 per 50 kobo of ordinary shares for 2018 full-year. The company reached the resolution at its 45th Annual General Meeting (AGM) which held on 4th July 2019 at the Federal Palace Hotels, Victoria Island, Lagos.

The company at the meeting also resolved to re-elect Otunba Abimbola Ogunbanjo, Chairman of the Board of Directors, Mr. Darren Bennett-Voci, Managing Director and Mr. Nikolaos Mamoulis as a Director of the Company.

NAFDAC, Police intensify fight against producers of adulterated alcoholic drinks; raid markets in Lagos, Aba

The Lagos State Police Command said it has arrested three suspects involved in the production of fake alcoholic drinks in the Apongbon area of Lagos.

The Command’s Spokesperson, DSP. Bala Elkana, said on Sunday in Ikeja, that the suspects were arrested based on a tip-off received by the police.

NAFDAC impounds adulterated alcoholic wines in Edo

The National Agency for Food and Drug Administration and Control (NAFDAC) has confiscated nearly 90 cartons of fake ‘Fidossi Spunmante’ drinks, a brand of alcoholic wine, without registration number in Edo State.

Mrs Itua Esther, Assistant Director of NAFDAC in Edo disclosed this in an interview with News Agency of Nigeria (NAN) in Benin City on Saturday.

She said said the seizure followed a raid on five shops at Upper Sakponba, Mission Road, Benin on Friday.

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.