Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Nigeria

Nigeria Articles

Finance

Cadbury Nigeria has submitted an application with the Nigerian Stock Exchange for a rights issue worth NGN22bn (US$150mn) as it makes a concerted effort to trim the estimated US$100mn... 2009-07-02


Industry

The government of Cameroon has announced that it will cut prices of essential food staples such as rice, salt and fish by up to 25% effective from July 1 2009. The measures are aimed... 2009-06-29


Companies

Nigerian Bottling Company (NBC) - a subsidiary of Greece-based bottling giant Coca-Cola Hellenic (CCH) - has reported Q109 net income of NGN1.05bn (US$7.2mn). The posting reflected... 2009-06-26


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Companies

Nestlé Nigeria has announced that it expects to report net income of NGN2.22bn (US$14.9mn) in Q309. Although this would represent a 59.6% decline on a year-on-year basis, it would... 2009-06-25


Companies

Unilever Nigeria has forecast its Q209 net income to rise 17% year-on-year (y-o-y) and reach NGN2.01bn (US$13.8mn), while turnover is expected to increase 9.3% y-o-y to NGN21bn. (In... 2009-06-23


Companies

UAC - the parent company of leading Nigerian convenience foods company UAC Foods - has reported a 44% year-on-year (y-o-y) increase in its FY08 turnover to NGN53.48bn (US$362.6mn).... 2009-06-12


Companies

The emerging market focused beer giant SABMiller has made a belated low-key entrance into the lucrative Nigerian market by acquiring Pabod - a brewer based in the country's south... 2009-05-15


Companies

Cadbury Nigeria (a subsidiary of UK-based Cadbury Schweppes) has posted a net loss of NGN2.8bn (US$19mn) for FY08 despite a 22% uptick in turnover to NGN24.3bn. The reported loss... 2009-05-06

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