Month: April 2018

Borno PDP Governorship Aspirant Appeals For Release of His Wife WhoLoss Pregnancy in Police Detention …. 21 Other Family Members in Police Custody.. Threatens to Go to Court, Call PDP Hqtrs for Intervention

AFRICA, AGBOR NEWS, BLOGS, lagos, Local News, News, Newspaper, NIGERIA, politics
The Borno State 2019 PDP Gubernatorial Aspirant, Comrade Grema Terab who is a former Executive Chairman, Borno State Emergency Management Agency, SEMA under the administration of Governor Kashim Shettima has appealed for the release of his wife w ...Powered by WPeMatico

Nigerian Breweries ‘uncages’ Tiger Lager as competition heats up in the nations’ beer market

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Breweries Plc (“NB Plc”), on Friday, 27th April 2018 unveiled Tiger Lager into the Nigerian market, heightening competition in the nation’s beer market. The brand which is an International Premium (“IP”) Asian beer will be paired up with Heineken’s own brand Lager beer as Nigerian Breweries assembles ‘the big guns’ to defend its turf in what appears to be a beer war against AB InBev’s International Breweries Plc, who last weekend launched Budweiser beer into the market. According to a Press briefing by NB, Tiger has an 86 year history, dating back to 1932 in Singapore. Today, it is considered one of the world’s fastest growing premium beer brands, growing by 24% (2016) year-on-year, and is currently marketed in over 60 countries, including UK, US, Singapore, China, Vietnam, Austra

Nigeria to adopt African Standards on Sugar, Glucose

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigeria is set to harmonize its standards with other African countries by adopting the African Standards on sugar and sugar products as well as develop Nigeria Industrial Standards for Glucose and Sucrose. A technical committee chaired by the Standards Organisation of Nigeria (SON) met recently at its Lagos office to consider adoption of some African Standards under the aegis of African Organisation for Standardization (ARSO) and the development of other Nigeria Industrial Standards. The Director-General, Standards Organisation of Nigeria (SON), Mr.Osita Aboloma, said that “the draft standards on sugar are very important as they affect everyday life to their wide usage as sweeteners for human consumption and as raw materials along the food value chain”. “It is therefore imperative for Nige

LaLiga, Big Cola Nigeria sign regional partnership

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
LaLiga and AJEAST Nigeria Limited, the makers of Big Cola soft drinks, have announced the signing of an agreement under which the multinational beverage company has become LaLiga’s latest regional partner in Nigeria. The strategic partnership was announced at a press conference in Lagos, on Thursday April 26th, 2018. Present at the signing ceremony were Gregory Bolle, LaLiga’s Head of global partnership sales; Mr. Theo Williams, Country Director of AJEAST Nigeria; and Perpetual Ohiri, Marketing Manager Big Cola Nigeria. Others were Philip Diwan, CEO of Legacy Sports, Javier Del Rio, LaLiga’s Delegate in Nigeria, and LaLiga Ambassador, Mutiu Adepoju. The partnership agreement grants AJEAST Nigeria, makers of Big Bola soft drinks rights to use LaLiga’s name in promoting its brands. Such woul

PepsiCo reports strong start to year despite struggles with soda business

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
PepsiCo on Thursday reported its first quarter results for 2018, with revenue growing 4% to $12.6bn from $12bn in 2017. The growth was helped by a 3% sales rise in its Frito-Lay North American snacks business. On the International front, the company reported strong growth in Latin America and Europe Sub-Saharan Africa, which reported 14% and 15% growth, respectively. The soft drinks giant said its Quaker Foods North American division had flat sales, while its North American Beverages unit, which houses its soda drinks declined by 1%. “North American beverages sector continues to work through some challenges,” said the company’s CEO Indra Nooyi. “The overwhelming driver is that, despite moderately increasing our media on trademark Pepsi over the past three years, our share … has fallen dram

Coca-Cola sees improvement in first quarter as profits rise despite declining sales

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
The Coca-Cola Company reported a profit increase of 16% in the first quarter of 2018 to $1.37bn, thanks in part to initiatives implemented to drive profitability through revenue growth management initiatives. The company said that unit case volume grew 3%, with a relaunch of its Coke Zero and Diet Coke brands in a bid to revive their sales. Diet Coke has faced declining popularity as consumers opt for low-sugar drinks with fewer calories that are healthier. The firm noted that Diet Coke returned to volume growth in North America following a full brand restage. The introduction of four bold, new flavours along with contemporary, sleek packaging and marketing helped boost sales. The growth was also helped by not only sodas but teas and coffees driving much of the gains. Coke said that unit c...

Nigerian Breweries blames falling beer sales on low consumer demand

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nigerian Breweries Plc, on Monday reported a 9% drop in first quarter sales (Jan – March) to ₦82.9bn ($230 million) from ₦91.2bn in 2017. The brewing giant said that consumer spending has yet to recover despite signs of improvement in the country’s macroeconomic conditions. In the release of its first quarter results on Thursday, Heineken N.V., the parent company of Nigerian Breweries blamed the decline in sales at its Nigerian unit partly on destocking at the distributor’s level. Destocking is when a distributor reduces the quantity of stock held due to weak demand. Net finance charge in Q1 grew 37% to ₦2.4bn, adding to the firm’s challenges. Profit after tax declined 11% to ₦10.2bn ($28 million) from ₦11.4bn in the previous year. Despite the disappointing results, the company said that i