Nigerian Breweries receives international quality awards at Monde Selection

NIGERIA – Nigerian Breweries Plc received three Gold Quality Awards of its brands during the recently held Monde Selection Awards in Rome, Italy. During the 58th Annual Awards Ceremony of Monde Selection, the beverage manufacture’s […]

Nigerian Breweries banks on internal transformation to cut down costs

NIGERIA – Nigerian Breweries (NB) Plc says the internal transformation process carried out in 2018 with a high one–off financial cost impact is expected to bring about cost savings impact in 2019. The company listed the […]

Nigerian Breweries issues US$41.67m commercial paper to support its short-term funding

NIGERIA – Nigerian Breweries Plc has announced the issuance of US$41.67 million (N15bn) Commercial Paper (CP) as part of its US$277.78 million (N100bn) commercial paper programme to support the company’s short-term funding. The funding follows […]

Nigerian Breweries in solar power deal with CrossBoundary Energy

NIGERIA – Nigerian Breweries Plc (NB), franchise bottler of Heinenek Lager, has entered into a solar energy supply deal with CrossBoundary Energy for the operation of a 650 kW solar plant at NB’s Ibadan Brewery. […]

Nigerian Breweries appoints Sade Morgan as Corporate Affairs Director

NIGERIA – Nigerian Breweries Plc has announced Mrs Sade Morgan as its Corporate Affairs Director and member of its executive committee, reports Beverage Industry News. This follow the resignation of Kufre Ekanem from the position […]

Nigerian government to increase excise duty on alcohol, tobacco

NIGERIA – the Nigerian government has unveiled its Strategic Revenue Growth Initiative (SRGI) which will see an increase in excise duty rates from the current 5% on alcohol, carbonated soft drinks, tobacco and other goods. […]

Nigerian Breweries reassures consumers of quality product, dismisses allegations.

NIGERIA – Beverage manufacturer, Nigerian Breweries (NB) Plc, has re-assured consumers of producing high quality products and dismissed allegation over its brand, Amstel Malta, being paraded as fake, reports Beverage Industry News. A statement by […]

NSE downgrades Nigerian Breweries stock to medium-priced status

NIGERIA – The Nigerian Stock Exchange (NSE) reclassified Nigerian Breweries Plc stock from its previous high-priced stock to medium-priced stock following a fall of the brewer’s stock price below the required High-Priced Stock threshold. According […]