Nigeria

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

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

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

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

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

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

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