Consumer Goods
Food Processing, Household Goods and general consumer sector news
GlaxosmithKline Plc reports profit after tax of N62.79 million in Q3 2021
GlaxoSmith Kline Plc released its unaudited financial results for the third quarter of the year ended 30th of September, 2021....
Okomu Oil shares appreciate by 8.23%, market cap gains N9.06 billion
At the end of today’s trading session, Okomu Oil Plc share price appreciated by 8.23% to close at N125.00 per...
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake
Renowned Dutch brewing company, Heineken N.V, has launched a mandatory takeover bid for the acquisition of up to 1,196,799,164 ordinary...
Champion Breweries gains N1.80 billion in market value, up 10%
At the end of today’s trading session, Champion Breweries Plc share price appreciated by 10.00% to close at N2.53 per...
Presco Plc, others drive gains in NGX consumer goods index
At the end of Thursday’s trading session, the Consumer Goods Index, which tracks the daily performance of quoted FMCG companies,...
Helios Investment exits ownership of GB Foods Africa after almost 5 years
Helios Investment Partners has announced the sale of its investment in GB Foods Africa after almost 5 years of maintaining...
Flour Milling Association urges FG to suspend 15% cassava levy
The Flour Milling Association of Nigeria (FMAN) has urged the federal government to suspend the 15% levy on cassava production....
Nigerian Breweries pays-off ₦27.7 billion in loans in the first half of 2021
Nigeria Breweries makers of Heineken Beer, Star Lagger and Maltina reported it paid off about N27.7 billion of its loans...
The playing field is becoming harsher, micro-scale manufacturers cry out
Despite the growth of Nigeria’s manufacturing sector in recent times, Nigerian manufacturers have faced mounting bottlenecks as they navigate the...
Cost of cooking gas in Nigeria jumps to highest in over 2 years – NBS
The average cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria spiked by 7.16% year-on-year in July...
