Drinking Alcohol | www.drinks.ng

Alcohol Prices to Increase as Finance Minister Proposes New Tariffs

Alcohol drinkers in Nigeria may have to pay extra to enjoy their favourite brands as Kemi Adeosun, minister of finance, is proposing increased tariff for alcohol and cigarette. Adeosun’s proposal is in line with the implementation of the ECOWAS common external tariff (CET), which is aimed at strengthening a common market among member states as agreed upon…

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Did You Know Coca-Cola Nigeria Now Distributes Alcohol?

Nigerian Bottling Company, bottlers of Coca-Cola Coke in Nigeria, is partnering with Scotland-based spirit firm Edrington to oversee the management and distribution of its premium spirits category. Under its business division, Premium Spirits Nigeria, the giant beverage company will promote a wide range of premium Scotch whiskies such as Macallan, Famous Grouse, and Highland Park….

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Bacardi Names New Managerial Appointments for Asia Pacific, Middle East & Africa

Bacardi Limited has appointed Vijay S. Subramaniam as the new Managing Director overseeing Asia Pacific, the Middle East & Africa (AMEA). Subramaniam will lead the company’s commercial operations in the region for the premium spirits, effective immediately. The 49-year old reports to Bacardi CEO Mahesh Madhavan and automatically becomes a member of its global leadership…

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Guinness Nigeria | www.drinks.ng

Guinness Nigeria Posts Increased Earnings in Q2 Report

Guinness Nigeria yesterday posted the company’s Q2-17/18 results showing a net profit of NGN2.09 billion (vs. NGN2.44 billion loss last year). According to the report, the net profit was possible due to continued revenue growth, better margin, and lower opex and finance charges. The net profit was equally higher compared to Q1-17/18’s NGN41.4 million but…

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