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 »

Nigerian Breweries seeks N15bn short-term funding through Commercial Paper Programme

Nigerian Breweries Plc on Thursday announced the issuance of a N15bn Commercial Paper (CP), part of the company’s N100 billion commercial paper programme to support its short-term funding.

The company is offering 90-day and 182-day Commercial papers to investors with a view to raising short-term funds for its operations. The 90-day CPs carry effective and discount yields of 11.590 per cent and 11.2680 per cent respectively while the 182-day CPs carry 14.430 per cent and 13.4614 per cent respectively.

Two arraigned for stealing 93 cartons of beer

The police on Thursday arraigned two men before an Ikeja, Lagos Chief Magistrate court for stealing 93 cartons of beer valued at N180,000.

The two, Ebuka, 24, and Olalekan, 25 were charged with two counts of conspiracy and stealing.

The Prosecutor, ASP Benson told the court that the defendants committed the crime on 29th March at 4:00PM in Mushin, Lagos.

Promasidor hints at strong demand for Sun Vita

The head of Marketing at Promasidor Nigeria Limited, Mr Abiodun Ayodeji, has revealed that sales of its newly launched Sun Vita cereal has been strong, making it one of the most sought after brands by consumers.

Ayodeji disclosed this during an interview at the company’s head office in Isolo, Lagos.

Sun Vita cereal was launched into the market in December 2018, with 75% locally sourced material.

NAFDAC refutes claims of “Fan Yogo Gin & Ginger” in circulation

The National Agency for Food and Drug Administration and Control (NAFDAC) has said that its attention has been drawn to images of Fan Milk “Fan Yogo Gin & Ginger” supposedly containing 12.5% alcohol volume being circulated widely to the general public via social media.

The food and drugs regulator said that no such product is registered by the agency, is not known to the agency and is not in circulation in Nigeria. The agency further said that it has carried out a thorough investigation at the facility of Fan Milk PLC and can confirm that no such product is being developed by the company and no stock of packaging materials of the said “FanYogo Gin & Ginger” were found in the premises.

Nampak to sell Nigerian carton business

Nampak Limited, the South Africa-based packaging company with footprints in 11 African countries said it has reached an agreement with AR Packaging Group AB, a Swedish cigarette pack maker to sell Nampak Cartons Nigeria, a producer of high quality folding carton products for the tobacco, food and consumer goods segments.

Champion Breweries honours distributors, trade partners at Distributor’s Award

Champion Breweries Plc recently held its 2018 Distributors Award ceremony in Uyo, Akwa Ibom State, where dozens of distributors in different categories were rewarded with various gift prizes, including tricycles, fans, among others.

Speaking at the award ceremony, the Managing Director of Champion Breweries, Mr Patrick Ejidoh, said that for the first time since the company’s founding in 1979, it was becoming profitable and ready to start paying dividends to shareholders.

Soft drinks industry likely to grow 15% in 2019 – La Casera MD

The Nigerian soft drinks industry is on a growth path after experiencing declines in the last few years, said Mr Chinedum Okereke, Managing Director of La Casera Company, one of the leading players in the sector.

Okereke disclosed this recently in a wide ranging interview with the media covering the performance of the sector and his company’s activities over the last year as well as projections through 2019.

La Casera Apple drink felicitates with Christians at Lent

The makers of La Casera Apple drink have congratulated Christians all over Nigeria who are currently observing the Lenten fast leading up to Easter celebrations.

The apple soft drink brand which is the flagship brand of The La Casera Company has urged Christian faithful to imbibe a healthy living habit through fruit consumption during this Lenten period, according to a statement from the firm.

It noted that using fruits to break during fasting helps to ensure the body got rehydrated quickly.

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.

Nigerian Breweries cleared of environmental degradation in Kaduna

The Kaduna State Environmental Protection Agency (KEPA) has expressed satisfaction with Nigerian Breweries Plc Kaduna plant’s safety standards after an inspection of the plant.

Southern indigenes of Kaduna State under the aegis of Arewa Youth Movement for Good Governance (AYMGG) had complained to the State Government and other relevant authorities to come to their aid and save them from the discharge of harmful toxic wastes into the environment by the brewing company.