The Nation Newspaper

Tag: FMCG

  • Chi wins most Innovative FMCG company award

    Chi Limited was recognised as the ‘’Most Innovative Fast Moving Consumer Goods (FMCG) Company’’ at the Businessday Top 25 Most Innovative companies and Institutions in Nigeria Awards 2017.

    Chi Limited came out tops in a keenly competitive category that included other major FMCG companies like AJE, makers of BIG Cola and Dufil foods, makers of Indomie Instant Noodles.  According to the Businessday award committee, ‘Chi Limited’s visionary stride in innovating and launching a portfolio of new and existing brands into the consumer market including Chivita 100%, Chivita Active Vegetable & Fruit Nectar, Happy Hour by Chivita Fruit Drink, Hollandia Evaporated Milk, Hollandia Yoghurt and others provide ground-breaking innovations that have resulted, in no small measure, in making commercial and socio-economic impact, as well as value creation for clients and consumers’

    Offering high quality products, Chi Limited is the first company to launch major mass market ready to drink products in aseptic sachet packaging in West Africa. Its flagship brand Chivita 100% is the only locally produced 100% fruit Juice made from real natural fruits with no added sugar, no artificial colours and no preservatives. Chivita Active Vegetable and Fruit is an innovative product that offers consumers in Nigeria for the first time choices in fruit juices made from the goodness of vegetable with the lip smacking goodness of fruit. While Chi Exotic Nectar is the definitive standard in its category in terms of its unique fruit mixes and taste offerings.

    Happy Hour by Chivita is rated the fastest growing juice brand with innovative variants that keep consumers refreshed. Hollandia Yoghurt’s constant innovation, a peculiar rich mouth feel, variety of flavours and healthy goodness, has seen it rise to become the generic name for drinking Yoghurts amongst consumers, while Hollandia Evaporated Milk is the first Nigerian Milk brand to be packaged in aseptic packaging, which is renowned globally as a benchmark for quality. It is one of the most admired and innovative offerings in its category. These brands have also built enduring consumer loyalty through their impressive array of variants and market promotions.

    Chi Limited’s Managing Director, Mr Deepanjan Roy stated that: ‘’We have received this industry recognition as the most innovative FCMG company award by consistently delivering innovative products that have become household names in Nigeria. It also validates our commitment to ensuring that our range of products continue to be admired for its highest quality, nutrition & health standards’’

    The Businessday Top 25 Most Innovative companies and institutions in Nigeria Awards 2017 seeks to acknowledge, celebrate and promote extensively the organisations and institutions that have developed the most inventive and ground-breaking products, ideas and services in 2016 and thus, contributed immensely to the sustainability of its customer-base, bottom-line, overall organisational growth, as well as the socio-economic development of our country.

  • Chi wins ‘Most Innovative FMCG Company’ Award

    Chi Limited has been given the ”Most Innovative Fast Moving Consumer Goods (FMCG) Company” Award at the Businessday Top 25 Most Innovative companies and Institutions in Nigeria Awards 2017.

    Chi Limited came out tops in a competitive category that included other major FMCG companies like AJE, makers of BIG Cola and Dufil foods, makers of Indomie Instant Noodles.

    According to the Businessday award committee, ‘Chi Limited’s visionary stride in innovating and launching a portfolio of new and existing brands into the consumer market including Chivita 100%, Chivita Active Vegetable & Fruit Nectar, Happy Hour by Chivita Fruit Drink, Hollandia Evaporated Milk, Hollandia Yoghurt and others provide ground-breaking innovations that have resulted, in no small measure, in making commercial and socio-economic impact, as well as value creation for clients and consumers’

    Offering high quality products, Chi Limited is the first company to launch major Mass market Ready to Drink products in aseptic sachet packaging in West Africa. Its flagship brand Chivita 100% is the only locally produced 100% fruit Juice made from real natural fruits with no added sugar, no artificial colours and no preservatives. Chivita Active Vegetable and Fruit is an innovative product that offers consumers in Nigeria for the first time choices in fruit juices made from the goodness of vegetable with the lip smacking goodness of fruit. While Chi Exotic Nectar is the definitive standard in its category in terms of its unique fruit mixes and taste offerings.

    Happy Hour by Chivita is rated the fastest growing juice brand with innovative variants that keeps consumers refreshed. Hollandia Yoghurt’s constant innovation, a peculiar rich mouth feel, variety of flavours and healthy goodness, has seen it rise to become the generic name for drinking Yoghurts amongst consumers, while Hollandia Evaporated Milk is the first Nigerian Milk brand to be packaged in aseptic packaging, which is renowned globally as a benchmark for quality. It is one of the most admired and innovative offerings in its category. These brands have also built enduring consumer loyalty through their impressive array of variants and market promotions.

    Chi Limited’s Managing Director, Deepanjan Roy stated that ‘We have received this Industry recognition as the most innovative FCMG company award by consistently delivering innovative products that have become household names in Nigeria. It also validates our commitment to ensuring that our range of products continue to be admired for its highest quality, nutrition & health standards’

    The Businessday Top 25 Most Innovative companies and Institutions in Nigeria Awards 2017 seeks to acknowledge, celebrate and promote extensively the Organisations and Institutions that have developed the most inventive and ground-breaking products, ideas and services in 2016 and thus, contributed immensely to the sustainability of its customer-base, bottom-line, overall organisational growth, as well as the socio-economic development of our country.

  • Nigeria 2016 FMCG games begins

    Nigeria 2016 FMCG games begins

    THE opening ceremony of the 2016  Fast Moving Consumer Goods (FMCG) Games was held yesterday at the Digital Bridge Institute, Cappa, Oshodi, Lagos.

    The 3rd edition of The Nigeria FMCG Games is the flagship sporting event of the FMCG sector. The opening ceremony will feature March Past, side-attractions, fan engagement activities, football matches and other sporting events.

    Speaking on the event, Jimmy Sogbesan, Chief Operating Officer of MediaVision Limited (Organizers of the event) said: “This year’s edition of the FMCG Games will exceed expectation as several elements have been added to make it more rewarding for the teams, fans and supporters.”

    The FMCG Games commenced in 2013 and has featured the biggest companies in the FMCG industry and this year will be no different, as companies like Unilever, Nestle, Friesland Campina, Dufil and BUA Group will be participating. This year’s games will last six weeks (weekends only) and will see teams compete for medals in Football, Table Tennis, Athletics, Chess, and Scrabble.

    The tournament was designed to bring together employees of the FMCG Industry as well as their families and friends in an atmosphere of fun, sporting competition and networking.

    The FMCG Games is the brainchild of MediaVision Limited  Nigeria’s Leading Sports Marketing Company.

  • FMCG companies struggle with sales, profit in first half

    Fast Moving Consumer Goods (FMCG) companies appeared to indicate industry-wide pressure on sales and profitability as first half earnings showed general decline in the top-line and bottom-line of the companies.

    Interim earnings reports for the first half ended June 30, 2015 by FMCG companies including Unilever Nigeria, Nestle Nigeria, Northern Nigeria Flour Mills, Nigerian Breweries and Dangote Flour Mills among others indicated that the persistent fall in consumer disposal income might have constrained the marketplace and profitability in the sector.

    Nestle Nigeria recorded turnover of N65.92 billion in first half 2015 as against N67.2 billion in first half 2014. Profit after tax dropped to N8.89 billion in 2015 as against N11.84 billion in 2014.

    Nigerian Breweries half-year pre-tax profit declined by 8.5 per cent to N30.39 billion while total revenues grew by 7.2 per cent to N151.61 billion.

    Unilever Nigeria witnessed a major slump in profit as pre-tax profit dropped by 95 per cent from N2.08 billion in first half 2014 to N94.07 million in first half 2015. Profit after tax declined by 94 per cent from N1.46 billion to N85.57 million. Total sales had dropped marginally by two per cent from N29.28 billion to N28.72 billion.

    However, while Unilever Nigeria’s overall results declined, the business improved performance in overheads with a decline of four per cent from the last quarter, and interest cover declined from coverage of four in half year 2014 to one in half year 2015.

    Analysts said consumers’ purchase preferences had shifted to accommodate the rising prices of petrol and a consequent rise in the price of transportation and energy requirement.

    Analysts noted that the positive trend which characterized the Nigerian economy in the last decade took a downward turn with the slump of global oil prices in 2014 pointing out that this trend continued into the first and second quarter of 2015 and was further escalated in second quarter by a lull in the retail market in March and April.

    While the country’s general economic outlook within this period grossly affected the financial status of several businesses, many predict that the economy will settle last quarter of this year as the new administration settles down and the country has a clearer direction on government policies

    While some analysts have anticipated that oil prices may slump further with Iran’s entry into the crude oil market, many are hopeful that the economy will indeed pick up once the new administration have fully settled down. The uncertainty around oil revenues and President Buhari’s pledge to support local manufacture are hopefully indicative of a stronger focus on non-oil revenue generation.

     

     

  • OneCard Nigeria appoints Chief Commercial Officer

    A OneCard Nigeria, a fast moving consumer goods company that provides top-up solutions on multiple platforms for various services ranging from mobile phones, toll fees, pay television and fuel cards nationwide, has announced the appointment of Taiwo Ogunkanmi as Chief Commercial Officer.

    A statement by the Company Secretary, Mr. Ade Oyebanji, said the appointment represented another major stride in the quest by the firm towards being a major player in the Fast-Moving Consumable Goods (FMCG) sector of Nigeria’s economy.

    This is a further fulfillment of the company’s intention to play big in the FMCG sector in Nigeria using highly innovative solutions simplified to deliver convenience to users. This has informed our decision to search for the best hands available in marketplace that can match our intentions. We believe that Ogunkanmi fits the bill and hence our decision to bring him on board,” Oyebanji said.

    Ogunkanmi was appointed based on his wealth of experience in the marketing and commercial segments of the information technology, banking and telecommunications industries in the country.

    Ogunkanmi started his professional career with a Lagos-based Information Technology firm, Elcom Serve Nigeria.

    When he left Elcom Serve, Ogunkanmi later worked at First Atlantic Bank as a Business Development Officer before he later joined Econet Wireless Nigeria in 2003 with the Customer Service Group.

    He spent several years at Econet and witnessed its metamorphosis into VMobile then Celtel and occupied several positions such as Consultant Activations, Supervisor Electronic Voucher Distribution. He was also Project Co-ordinator for the first retail based route to market model in African telecommunications; Distribution Manager North Central region covering Abuja, Benue, Kogi, Nasarawa, Plateau & Niger states.

    Ogunkanmi joined Visafone Communications Limited in 2007 as Regional Head Sales – North West. In this position, he was in charge of Katsina, Kano, Kaduna, Zaria, Jos and Maiduguri. He later rose to become AGM Sales (North), in 2012 and for this period he was responsible for achieving total revenue, Operations, Sales, Distribution, Strategy & Marketing implementation in the North.