Tag: SABCO

NLRC responds to critics of its recent actions, blames NB for actions that led to office closures

BUSINESS, New Products, News, NIGERIA, Nigerian state programs, wazobia companies
The National Lottery Regulatory Commission (NLRC) at the weekend responded to critics of its recent action to temporarily close the offices of Nigerian Breweries Plc (“NB”), instead blaming the brewing company for the events that led to the closure. The commission said that Nigerian Breweries owes it N326 million in taxes and continued to rebuff all attempts by the agency to enforce the National Lottery Act, 2005. Giving its version of events that led to the temporary closure of Nigerian Breweries offices, NLRC said that NB had conducted promotional lotteries valued at about N1.3bn and failed to regularize such promo lotteries as required by the National Lottery Act, 2005. In a statement, the Director-General of the NLRC, Mr Lanre Gbajabiamila, said that the commission was disturbed by fla

Nigerian Bottling Company discontinues use of eco-unfriendly trucks

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The Nigerian Bottling Company, makers of Coca-Cola soft drinks, said it has phased out trucks considered not to be friendly to the ozone layer. The soft drinks giant stated that the decision to phase out such trucks that could pollute the atmosphere through the emission of ozone depleting fumes was in line with the company’s continued implementation of its corporate social responsibility content. The Country CSR Manager, NBC, Mr Ekuma Eze, who made these remarks while speaking with newsmen in Port Harcourt on Friday, said the firm’s refrigerators had never contributed to the depletion of the ozone layer. Eze maintained that apart from youth empowerment through award of scholarships and skills acquisition programmes, the firm had ensured that it was not contributing to the pollution of the

Food and Beverage regulator applauds NBC, Coca-Cola for meeting compliance standards

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The National Agency for Foods and Drug Administration and Control (NAFDAC) has commended the Nigerian Bottling Company (NBC) Limited and Coca-Cola Nigeria for compliance and adherence to the standards, guidelines and regulations necessary for food safety and quality. The Director General, National Agency for Foods and Drug Administration and Control (NAFDAC) Professor Moji Adeyeye, gave this commendation shortly after a tour of the NBC Limited Ikeja Plant with her high-powered delegation from the agency in Lagos on October 8, 2018. Adeyeye expressed satisfaction with NBC and Coca-Cola Nigeria on their continued investment in world-class facilities and upgrade of their production lines in line with the global best practice. She noted that the visit and tour of the facility is in line with i...

Coca-Cola Nigeria launches ‘Mama’, the affordable 1litre PET bottle of Coke

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Coca-Cola Nigeria on Saturday unveiled ‘Mama’, the affordable 1Litre PET bottle of Coke. Mama, which embodies the spirit of generosity and kindness of the Nigerian mother, is created to bring families closer by encouraging intimate family moments and making every moment worth sharing for the Nigerian family. Gbolahan Sanni, Franchise Marketing Manager explains: “Mama is a family sized, 1Litre bottle, of the nation’s favourite beverage, priced at the refreshingly affordable price of N200, as part of Coca Cola’s commitment to fostering intimacy, sharing, and happiness in the Nigerian family. This family pack of refreshing Coca-Cola, like the 1Litre variants of Fanta, Sprite and Coca-Cola Zero Sugar, is perfect for intimate family moments, including mealtimes.” Mama is further demonstration o

Grand Oak CEO, Odesile, to step down

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Aare Fatai Odesile, the CEO of Grand Oak Limited is to step down from his post effective end of September. His resignation comes after 27 years of meritorious service at the Nigerian Distilleries Limited (NDL) and Grand Oak Limited (GOL), two indigenous spirits firms owned by the Lexcel Group of Companies. Odesile started his career with the Lexcel Group as a Quality Control/Production Officer with NDL in 1992 and rose through the ranks to the position of Managing Director/CEO of Grand Oak Limited, the marketing arm of Nigerian Distilleries Limited in 2016. Remarking on his time at the company, Odesile said, “I have enjoyed every bit of my stay in both NDL and GOL having risen to become the first entry level graduate to become the managing director of the company. “I remain eternally grate

‘There is no fake Pepsi in circulation’ – Seven-Up Bottling Co.

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Seven-Up Bottling Company, the bottlers of Pepsi-Cola in Nigeria has denied there is a fake Pepsi in the market. The manufacturer which also bottles Mirinda and Mountain Dew soft drinks among others explained that the Pepsi-Cola in white caps which is what has been the source of concern to consumers is genuine and the same with the Pepsi packaged in blue caps. Speaking further, the firm revealed that economic hardship in the country compelled it to switch to white caps when the cap suppliers could not get imported materials to make blue caps. The white caps are used as a temporary measure until the manufacturer can supply the blue caps. Confirming the message, a spokesperson for the firm, Mr. Mike Nzeagwa, invalidated the stories of fake Pepsi. “There is no fake Pepsi in circulation. The d

Employer Union decries high cost of doing business

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Food, Beverage and Tobacco Employers (AFBTE) Union have lamented the rising cost of doing business in Nigeria. The group said that the last one year had been toxic, pointing out that although Nigeria has emerged from a 15-month recession, the economy was still fragile. Speaking at the association’s Annual General Meeting (AGM) in Lagos, the President of AFBTE, chief Patrick Anegbe, listed part of the challenges to running a business in the country to include, high infrastructural cost due to non-availability or inadequate infrastructure, inconsistent imposition of multiple taxes, foreign exchange scarcity and disruption of petroleum products supply. “In general, the business environment has remained uninspiring. Due to this, the industry recorded quite a number of job losses in 2017 becaus

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

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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