News

Nigerian Breweries wins Consumer Goods Award for the Breweries Sector

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Nigerian Breweries Plc, was recently awarded the 2017 Sectoral Leadership Award in the ‘Breweries Category’. The Performance Earnings and Returns Leadership (PEARL) Awards recognizes and rewards publicly quoted companies for outstanding operational and stock performance in order to enhance the vibrancy, growth and development of the capital market. Criteria for the PEARL Awards are based on verifiable indices, facts and figures published in the Nigerian Stock Market Annual (NSMA). While commenting on the award, Corporate Affairs Adviser, Nigerian Breweries Plc, Kufre Ekanem, stated: “We view this award as recognition of our previous performances and as our call to duty to keep delivering value. “As Nigeria’s foremost brewer, our commitment to our shareholders and other stakeholders drives

International Breweries completes three-way merger; lists 5.3bn additional shares on Stock Exchange

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International Breweries Plc, on Thursday notified the Nigerian Stock Exchange (NSE) that it has listed 5.3bn additional shares on the Exchange, capping what has been a grueling six months for the firm to merge with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited. The brewing company which is an indirect subsidiary of Anheuser-Busch InBev and the only listed company on the NSE out of the three merging entities notified dealing members of the Nigerian Stock Exchange of the additional share listing. In a note sent to the exchange, International Breweries Plc said, “Dealing Members are hereby notified that 5,301,612,656 ordinary shares of International Breweries Plc (“International Breweries” or “the Company”) were today, 14 December 2017 listed on the Daily Offici

AB InBev ready to take on NB, Guinness

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International Breweries Plc (“IBPLC”), the Nigerian unit of Belgian brewer, Anheuser-Busch InBev said, it was battle-ready to take on its competitors in the Nigerian market – Nigerian Breweries Plc and Guinness Nigeria Plc. IBPlc on Thursday finalized a three-way merger with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited. Speaking with the media recently, Annabelle Degroot who is the Managing Director of IBPlc (the merged company), said that while the firm has just consolidated its holdings in the country, it was not new in the market. “We have been competing in the market for eight years now and so we know our competitors and we know them well.” The MD said that the company has been able to take away market share from its rivals, noting that it has very stron

Coca-Cola Nigeria to empower 15,000 youths in 2018

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Coca-Cola Nigeria has said it will empower 15,000 youths in 2018 through its youth empowerment and personal development initiatives. The Director, Legal, Public Affairs and Communications, Nigerian Bottling Company, Sade Morgan, made this known while speaking at a press conference in Lagos on Monday. She said the vision of Coca-Cola was to impart over 100,000 youths with entrepreneurship and employability skills. Morgan stated that despite the achievements in 2017, Coca-Cola aimed to do more next year by intensifying efforts on its initiatives, noting that the youth empowerment and personal development initiatives were open to only people between the ages of 18 and 30. According to her, there are other empowerment initiatives that people who do not fall within the age range can benefit fro...

Nestlé Nigeria partners ITC to boost youth entrepreneurship

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With the high rate of unemployment in the country and need to engage the youth meaningfully, Nestlé Nigeria has partnered with Imperial Integrated Consulting in their annual capacity building programme called the National Career Fair. The fair slated to hold in several states across the country started on December 7 at the University of Lagos. Other States include Oyo, Akwa-Ibom, Kaduna and the Federal Capital Territory. Career development coaches and youth leaders expected at the event include Nestlé Nigeria’s Eniola Joshua who will be moderating the panelist that will discuss the theme, ‘The Bold Move for Corporate Governance and Leadership.’ The programme in its 6th edition is aimed at empowering the youth to become successful employees, entrepreneurs, agripreneurs and game changers in

Striking workers in Food and Beverage sector suspend strike following mediation by Labour Ministry

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Workers in the nation’s food and beverage sector called-off their strike on Wednesday following an intervention by the Federal Ministry of Labour and Employment to mediate between the warring groups. The strike which began on Monday when members of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB) downed their tools to protest their inability to reach a new collective agreement on wages and other fringe benefits with the employer’s association, the Association of Food, Beverage and Tobacco Employers (AFBTE). Members of FOBTOB were seeking among other things an upward review of their salaries by 20% instead of the 14% agreed to by AFBTE. In a statement released by the General Secretary of FOBTOB announcing the suspension of the strike action, Solomon Iji said: “This is to inf

Arla Dano adds excitement to milk taste with the introduction of chocolate and strawberry flavours

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TG Arla Nigeria, makers of Dano Milk has upped the stakes with the introduction of chocolate and strawberry flavoured milk powder variants into the Nigerian market. According to the company, the newly introduced strawberry and chocolate milk powder were launched following intense consumer research that informed increasing desire for a convenient and exciting Milk product among families especially kids. The flavored milk powder is said to be rich in protein, carbohydrate, Vitamin D and other vital nutrients which are required for energy, vitality and a healthy growth. Mr. Mads Burmester, Managing Director, TG Arla Nigeria said, that the variants are an extension of Dano filled milk powder offered in chocolate and strawberry flavours, specially developed to meet the needs of discerning consu...

Trade Union Congress blames employers in food & beverage sector for strike as it enters day 2

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Trade Union Congress of Nigeria (TUC) yesterday blamed the ongoing strike in the food and beverage sector on the employers under the aegis of Association of Food, Beverage and Tobacco Employers (AFBTE). The strike which is in its second day has grounded activities in the food and beverage sector. Workers in the sectors under the aegis of Food, Beverage and Tobacco Senior Staff Association (FOBTOB) began an industrial action on Monday following inability to reach a collective bargaining agreement with AFBTE to review upward their salaries and other fringe benefits. General Secretary of FOBTOB, Solomon Iji, said on Tuesday that the strike had achieved 100% success rate, adding that a “meeting was held on Friday 8th December 2017 with AFBTE in an effort to reconcile our interest after several

Food, Beverage and Tobacco workers to embark on Strike

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Workers in the food, beverage and tobacco sector are set to begin a nationwide strike at the stroke of midnight Monday over what the workers say is a “failure by employer’s body to review salary.” According to the President of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), which is the umbrella organization for the workers, Mr. Quadri Olaleye and its General Secretary, Solomon Iji, said on Monday that they had signed a letter urging members in the multinational companies to embark on a nationwide strike to press home their demands. On Thursday, the workers had stormed the premises of some of the multinational companies that are members of the Association of Food, Beverage and Tobacco Employers (AFBTE) including Nigerian Breweries Plc (NB), Flour Mills of Nigeria Plc, Sev