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Nestle Nigeria sustains growth at full year 2017

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Nestle Nigeria Plc, said on Friday that revenue for the full year 2017 grew by 34% to ₦244bn ($674 million). In the previous year, the food and beverage giant posted ₦182bn in sales. Net profit in the period under review jumped 326% to ₦33.7bn ($91 million), thanks to a 46% rise in Operating Profit and a nearly 50% reduction in net finance cost to ₦8.9bn ($24.5m) from ₦16.6bn. Commenting on the results, Nestle said “We are pleased with the growth which is a result of multiple factors; the continued loyalty and trust of our consumers in our brands, the dedication of our people and the efficiency of our distribution network. “In line with our strategic roadmap, we will continue to invest behind brands and route-to-market activities while proactively managing input cost pressures to stay on t

Coca-Cola to venture into alcoholic drinks

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Coca-Cola has announced it would start making alcopops in Japan. Alcopops are a special type of alcoholic beverages that mixes flavoured or real fruits such as apples, citrus, lemon and others with spirits like vodka, rum, etc. The beverage giant said it would launch a version of “Chu-Hi” canned sparkling flavoured drinks that is mixed with a local spirit called Shochu for the Japanese market. Coke is hoping to cash-in on the popularity of Chu-Hi alcopops in Japan. Sales of the drink, which ranges in alcohol content from 3% to 8%, have surged over the last five years, thanks in part to its popularity among female drinkers. Other Japanese beverage firms such as beer companies Kirin, Asahi and Suntory have all joined in on the bandwagon and have their brands in this category. Jorge Garduño,

Ekiti 2018: Ojudu a “scammer” using guber ambition to raise fund, he won’t even get APC ticket – Fayose’s Aide

AFRICA, AGBOR NEWS, BLOGS, lagos, Local News, News, Newspaper, NIGERIA, politics
Special Assistant to the Ekiti State Governor on Public Communications and New Media, Lere Olayinka has described the Special Adviser (Political) in the office of the Vice President, Senator Babafemi Ojudu as a scammer, who is only using his decl ...Powered by WPeMatico

Omoyele Sowore, Sahara Reporters Publisher and activist declares intention to contest 2019 presidential Election

AFRICA, AGBOR NEWS, BLOGS, lagos, Local News, News, Newspaper, NIGERIA, politics
Mr Omoyele Sowore, an activist and publisher of Sahara Reporters an online newspaper, has announced his intention to contest the 2019 presidential elections. ldquo;It will be the largest mobilization of Nigeria rsquo;s ignored and dispossess ...Powered by WPeMatico