Nigeria’s International Breweries appoints Olutoyin Modupe to its Board

NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company. The Nigerian Stock Exchange (NSE) listed […]

International Breweries names consultancy firm XLR8 as Public Relations partner

NIGERIA – International Breweries, the Nigerian subsidiary of the world’s largest brewer, AB InBev has appointed leading communications consultancy, XLR8 to manage its public relations. According to Beverage Industry News, XLRB will be responsible for […]

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

NIGERIA – Nigeria based International Breweries Plc has appointed Mr. Andrew Scott Murray as a Non-Executive Director of the company. In a company statement, the company indicated that Mr. Murray is currently the Vice-President, Finance […]

International Breweries reports net loss of US$19m despite revenue growth

NIGERIA – International Breweries (IB Plc), the Nigerian operating unit of Anheuser-Busch InBev has said it bagged a net loss of US$19.53 million (N7.1 billion) for the first nine months of 2018. Revenue for the […]

International Breweries to commission new US$250mn Sagamu plant August 28

NIGERIA – AB InBev’s Nigerian unit, International Breweries Plc (IB Plc) will commission new US$250 million plant in Sagamu, its fourth brewery in Nigeria and the biggest in West Africa on August 28. According to […]

‘International Breweries likely to face headwinds’

NIGERIA – After analysing the strong growth of the value segment in Nigeria’s beer sector, along with International Breweries Plc’s impressive volume and earnings growth over the past three years, analyst at Renaissance Capital have stated that the company will likely face headwinds going forward.