Food inflation turns down
19.57%
August, from 20.31% in July
Headline inflation was 15.39%. Month-on-month food inflation slowed to 1.02% from 5.56%.
Across every category
Three forces shaping the quarter
Price is carrying growth
+26.5%
Cement producers' Nigerian revenue, H1
Revenue grew faster than volume at all three producers. The three brewers' revenue rose 7%, partly on March price increases.
Source Nairametrics, 5 Aug · Nairametrics, 10 Aug
Distribution is a major cost line
N220B
Advertising and distribution spend at three brewers, H1
One brewer's distribution spend rose from N19.7 billion to N24 billion while its marketing fell.
Source Nairametrics, 10 Aug
Beverages
Revenue is up, but share is shifting between brewers.
Three brewers book N1.41 trillion in H1 revenue
The largest rose 9% to N803.7 billion, the second was broadly flat at N342.1 billion, and the third rose 11.8% to N265 billion. Combined pre-tax profit rose almost 24%.
Source Nairametrics, 5 Aug
The largest brewer: selling and distribution expenses up 20%
Revenue rose 9% to N804 billion. Gross margin improved 2 points on premium brands and malt.
Source ThisDay, 6 Aug
Brewers spend over N220 billion on advertising and distribution
The article links one brewer's higher distribution spend to its new distribution network after a takeover.
Source Nairametrics, 10 Aug
Fuel & lubricants
Refinery price moves flow straight through depots.
A large domestic refinery raises petrol gantry price twice in five days
It rose from N1,165 to N1,185 on 21 August and to N1,200 on 26 August, despite a decline in international crude prices.
Source AllAfrica, 26 Aug
Vehicles & parts
US vehicle and parts imports are strong.
Nigeria imports $602 million of US vehicles and parts in January to May
Passenger vehicles, commercial vehicles and spare parts each account for a significant share.
Source BrandsPur, 3 Aug
Building materials
Revenue is up, prices are rising and the regulator is looking.
Three cement producers book N3.2 trillion in Nigerian H1 revenue
A 50kg bag rose from N9,300 to N9,700 in January to N10,500 to N13,000 by mid-year, with some dealers quoting up to N15,000 in July.
Source Nairametrics, 5 Aug
The competition regulator flags possible cement price manipulation
FCCPC preliminary findings suggest possible manipulation. Prices rose from about $7.20 a bag in January to $11.13 by July, and the regulator asked major producers to explain pricing and capacity use.
Source Global Cement, 26 Aug
