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Lipton kicks-off Third Edition of ‘Selfless Acts’ campaign

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
Lipton Yellow Label Tea from Unilever Nigeria Plc has commenced the third edition of its ‘Don’t Just Think, Do,’ campaign in mosques across Nigeria. The tea brand said the initiative is meant to encourage Nigerians to show commitment to selfless acts during the month of Ramadan and beyond. With activation unveiled in several mosques across Lagos and Kano states, Lipton said it has successfully built the ‘Do more Cities tour’ executed last year in Osun, Kwara, Abuja, Nasarawa, Kano, Kaduna, Sokoto, Yola, Bauchi, Borno states amongst others – with the objective of promoting love and care in local communities. The brand Manager, Lipton, Mrs Damilola Dania, said “We owe it to one another by going beyond the norm in order to spread love and show care to people all around us. We understand that

Coca-Cola HBC Q1 sales hit by emerging markets currency headwinds

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Coca-Cola HBC said on Friday that first quarter net sales revenue fell by 1.7% to €1.35bn, impacted by a 6.2% adverse currency translation, mainly from the depreciation of the Nigerian Naira and the Russian Rouble. The soft drinks giant, which operates in 28 mostly European countries and Nigeria and groups its businesses into three market segments suffered a big decline in its emerging markets segments, where net sales revenue fell by 8.4% to €576.1m from €628.9m in the prior year. The decline was blamed on currency depreciation of the Nigerian Naira and the Russian Rouble, two of its biggest markets. The company notes that volumes fell by 10% in Nigeria due to tough comparative in both volume and price compared to the prior year quarter as well as availability issues in certain packs. It

Suntory Nigeria seeks to boost sales with new product launches, expanding distribution

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Suntory Beverage & Food Nigeria Limited, said it is seeking to double its revenue over the next five years by introducing new products and expanding its distribution network. The Nigerian unit of Japanese food and beverage company, Suntory Beverage & Food Ltd, said it planned to increase sales to ₦40bn ($111 million) from about ₦20bn, the company’s Managing Director, Chinedum Okereke said on a Monday interview with Bloomberg in Lagos. The boost in sales will increase the local unit’s contribution to its parent company’s sales in Africa, Middle East and the Caribbean by as much as 65%, he said. “We have made a lot of investments in what we call in-store visibility,” he said, adding that he wants consumers to see the company’s drinks in both open markets and new shopping malls. The company s

AB InBev off to a strong start in Q1 as revenue grows 4.7%

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Anheuser-Busch InBev on Wednesday reported a 4.7% revenue growth for the first three months of 2018, driven by strong performance of its global premium brands and revenue management initiatives. The company said that total volumes declined by 0.2%, while its own beer volumes rose by 0.5%. Combined revenues of its three global premium brands – Budweiser, Stella Artois and Corona grew by 7.9%, with Corona outperforming other brands by 25.1% growth, followed by Stella Artois at 12.3% and Budweiser 2.5%. The brewer said that its integration with SABMiller which it acquired in 2016 is progressing well, with synergy capture and cost savings of $160 million during Q1 2018. Net profit for the period fell to $1.02bn from $1.45bn in the preceding year. Looking at the performance of the company on a

Senate seeks suspension of proposed excise duty rate increase on locally produced alcoholic beverages

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The Senate, on Tuesday called on the Federal Government to suspend the planned excise duty increase on locally produced alcoholic beverages set to go into effect on June 4th. The Upper Chamber of the National Assembly said that the increase which would raise the excise duty rate on alcoholic beverages from the current rate of 20% to 67% represents a 300% increase and should be suspended until there is a better understanding of the new policy by all stakeholders in the interest of the national economy. According to the senate, the measure to suspend the proposed rate hike is meant to safeguard the sector from complete collapse. The legislative body said it will initiate a stakeholder’s public hearing by referring the motion to the relevant committee for a full discussion with the Federal Go

Budweiser unveils ‘Light Up the FIFA World Cup’ campaign

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Budweiser, a brand from the stables of International Breweries Plc, a subsidiary of Anheuser-Busch InBev, the Official Beer of the 2018 FIFA World Cup, on Tuesday launched its new global campaign “Light Up the FIFA World Cup.” The major highlights of the campaign feature drones delivering bottles of cold Budweiser to fans across the world in what the company refers to as “the largest beer delivery to date”. It plans to create a selection of integrated experiential, digital and social programs happening worldwide during the World Cup in Russia. The TVC features the journey of thousands of drones as they carry Budweiser bottles and kegs from the company’s St Louis brewery and a stopover in Lagos with the ultimate goal of delivering a stadium full of fans in Moscow. The commercial highlights

Coca-Cola sweetened with 100% Stevia launches in New Zealand

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Coca-Cola has announced the unveiling of its flagship Coke sweetened with 100% Stevia sweetener in place of sugar in New Zealand, its chosen pilot market on 7 May 2018. The company said the launch is evidence of its continued efforts to encourage people to consume less sugar. Coca-Cola has been using Stevia, a plant-based sweetener that has zero calories with cane sugar in Coca-Cola Life which has 35% less calories than Classic Coke since 2013. It is now being marketed in 30 countries around the world. However, the challenge with Stevia has always been how to eliminate a bitter aftertaste which is why Coca-Cola Life is blended with sugar. The company said the difference now is that for the first time, it is using a specific part of the Stevia leaf that tastes great and has a clean aftertas...

Coca-Cola Nigeria unveils ‘Share-a-Coke-with-Super-Eagles’ campaign ahead of World Cup

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Coca-Cola Nigeria has launched yet another spectacular campaign to get fans behind the Super Eagles on the road to Russia for the FIFA 2018 World Cup tournament. Coca-Cola which is the Official Soft drinks sponsor of the Super Eagles and which has been rewarding fans in the ongoing “Score-a-Trip-to-Russia” promo for the past six weeks has announced it is giving fans another chance to join in the excitement of the games and show their love for the Russia bound team with the release of a special edition Super Eagles branded Coca-Cola packaging. The special edition Super Eagles branded 35cl and 60cl PET Coca-Cola original bottles will be released as an extension of the globally acclaimed Share-a-Coke campaign. Tagged ‘Share-a-Coke-with-Super-Eagles,’ the new campaign sets images of each playe

Professor develops new cattle feed that boosts milk yield

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University Professor Moshood Belewu of University of Ilorin, Ilorin, has developed new cattle feed pellets that are capable of increasing the quantity and quality of milk produced by lactating cows. The University of Ilorin Bulletin, which was issued on Monday, stated that Belewu of the Department of Animal Production, Faculty of Agriculture, disclosed the innovation in a report he sent to the Vice-Chancellor of the university, Prof. Sulyman Abdulkareem. The publication said that the new feed was the outcome of Belewu’s research visit to Uka Tarsadia University, India, on the platform of the N. G. Patel Fellowship grant which was recently won by the Professor of Animal Production. It stated that on arrival at the Uka Tarsadia University, Belewu obtained the needed materials for the researc

Obaseki to push for non-punitive tax system for local companies

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The Edo State Governor, Mr. Godwin Obaseki, has said local companies looking to invest should be given more incentives to do so, including a non-punitive tax regime to encourage investments and boost the nation’s economic growth. The Governor made the case while receiving the management team of Guinness Nigeria Plc., led by the Chairman, Babatunde Savage, who paid a courtesy visit to the governor, at the Government House in Benin City, the Edo State capital. According to Obaseki, local companies willing to invest and contribute to the economic growth of the country should be giving incentives such as a non-punitive tax regime. He said the state government will continue to encourage local investors, noting that “such measure will attract other investors to locate their businesses in the sta