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 »

Coca-Cola CEO James Quincey visits Nigeria, South Africa to reinforce its commitment to the continent

Coca-Cola CEO James Quincey meets with Aliko Dangote in Nigeria

Coca-Cola global CEO James Quincey and his extended leadership team toured Africa last week with stop-overs in Nigeria and South Africa. According to the company, the visit was a testament to Coca-Cola’s commitment to Africa and its interest in the vast opportunity that the continent presents in driving the beverage company’s overarching growth strategy over the next decade.

FBRA donates boats, equipment to Lagos State Government

FBRA donates boats to Lagos State

The Food and Beverage Recycling Alliance (FBRA) has donated over six boats and equipment to the Lagos State Government through the Lagos State Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA).

Mr. Adekunle Olusuyi, Vice Chairman FBRA, who led the delegation of the alliance expressed satisfaction on the progress made so far with the partnership kick-off with Lagos state government through LAWMA and LASWA.

Danish firm FOSS Analytical partners Nigerian firm PAGI to boost food production and safety

Foss Analytical Business

FOSS Analytical Business, a leading manufacturer of innovative high-end analytical instruments from Denmark has partnered Prime Atlantic Global Instruments Ltd (PAGI), an indigenous firm to boost production, food safety and chemical analysis.

The launch of the partnership between FOSS Analytical Business and PAGI took place in Lagos on Monday.

Speaking at the launch, Mr Michael Moller, the Area Sales Manager of FOSS, said that the decision to partner with Prime Atlantic Global Instruments Ltd. (PAGI), a Nigerian company, was because of professionalism.

Budweiser rewards employees, trade partners

Budweiser

Budweiser, a premium brand of International Breweries Plc, a proud member of the AB InBev family has concluded plans to sponsor top-performing sales staff and distributors to watch select European Premier League matches as a way of rewarding and appreciating them for their hard work and commitment.

The company is rewarding a total of 54 persons for their performance in the recent financial year and to encourage them to do better.

AB InBev set to inject N123bn in Nigerian operation

International Breweries logo

Anheuser-Busch InBev (AB InBev) is said to have committed to investing more than N123bn in its Nigerian operation.

According to a report by the Nations’ Newspaper, sources at the weekend said AB InBev was in support of the rights issue planned by International Breweries Plc, its Nigerian subsidiary and had committed to participating fully in the new capital raising exercise.

The capital raising comes on the heels of growing debt at the brewing company as it seeks to grow its presence in the Nigerian beer market and take market share from its rivals, Nigerian Breweries Plc and Guinness Nigeria Plc. The company recorded a net loss of N4bn in fiscal year 2018 and the losses have continued into the first-nine months of 2019, recording N16.4bn in net loss.

CHI Limited launches Hollandia Lactose Free Easy-to-Digest Milk

Hollandia Lactose free digestable milk

CHI Limited, a leading juice and dairy company has announced the launch of Hollandia Lactose Free Easy-to-Digest Milk.

The company said that research has shown that majority of Nigerians are lactose intolerant and are unable to digest lactose present in milk. This gives rise to symptoms varying from bloating to flatulence, nausea, cramps, diarrhea, and stooling. Most consumers may not connect these symptoms with lactose intolerance since the awareness is low. For those who are aware, they may stop taking milk, thereby losing out on all the benefits of milk, such as calcium, proteins and vitamins.

IDL holds annual distributors award, relaunches Teezers Cocktail

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.

RC Cola launches 60cl bottle as it felicitates with trade partners

RC Cola Nigeria Management team

RC Cola, the soft drinks firm which introduced its products into the Nigerian market over a year ago has launched a 60cl bottle of the popular brand as it seeks to excite consumers.

At the launch which took place at the company’s multimillion naira facility in Agbara, Ogun State, the Commercial Director, Firstbev Limited, makers of RC Cola premium brands, Mr. Steve Edeki, said that the company embarked on the introduction of the 60cl size due to feedback from trade partners.

Monument Distillers appoints Godwin Oche as CEO

Godwin Oche, CEO, Monument Distillers

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.

Int’l Breweries to raise $458m through ‘rights issue’

International Breweries Plc products

International Breweries Plc said it plans to raise N165bn ($457.7m) in a share sale as it seeks to pay down mountain debt and reverse losses.

According to a Friday report by Bloomberg, current shareholders of the company may get share offers in November if the company gets clearance from Nigerian regulators, the company said in an email presentation on Thursday.

The company’s losses hit N16.4bn in the nine months through the end of September, from N7bn in the previous year, primarily driven by high finance cost.