Nigeria

PepsiCo franchise bottler Seven-Up Bottling Company (SBC) has reported promising first half (to September 30 2009) earnings, particularly in turnover growth. Pre-tax income increased... 2010-01-12

Nestlé's Nigerian unit has reported a 24% year-on-year (y-o-y) increase in pre-tax profit to NGN10bn (US$65.8mn) over the nine months through to September 30 2009. A leading food... 2009-11-12

Cadbury Nigeria has extended the deadline for its NGN22bn (US$167mn) rights issue by one week to October 30 2009 after many of its shareholders failed to receive the circular. In... 2009-10-23

With a population of 160mn, Nigeria is potentially one of Africa's most dynamic markets for low-cost fast-moving consumer goods. Although it is perhaps best known for the dynamism... 2009-09-28

Diageo's prized West African unit Guinness Nigeria continues to stride promisingly in the 160mn-populated market, reporting an 11% year-on-year (y-o-y) increase in net income to NGN18.99bn... 2009-09-23

Frustrated with Nigeria's notoriously poor regulatory environment, Coca-Cola bottler Nigerian Bottling Company (NBC) has shut down its inefficient Ogun-state soft drinks concentrate... 2009-09-22

Seemingly unperturbed by the economic downturn, fast-moving consumer goods giant Unilever Nigeria has confidently forecast its year-end (through to December 31 2009) net income to... 2009-09-07

Nestlé Nigeria has firmly dispelled any lingering doubts that Nigeria's less-than-stellar near-term economic outlook would significantly affect the company's financial results, turning... 2009-08-06

Heineken's increasingly important Nigerian subsidiary Nigerian Breweries has reported a 37% year-on-year (y-o-y) increase in net income for its second quarter through to June 30 2009.... 2009-07-21

With Nigeria's beer industry emerging as possibly Africa's most promising, SABMiller has announced plans to build on its belated entrance by pursuing an eightfold capacity increase... 2009-07-17