Nigerian Breweries reports 17% decline in profits amid challenging operating environment

NIGERIA – Nigerian Breweries Plc has reported a decline in earnings on its unaudited condensed interim financial statements for the nine months period ended September 2019. The Nigeria Stock Exchange listed company’s profit reduced by […]

Nigerian Breweries to undertake major expansion project at Enugu Brewery

NIGERIA – Nigerian Breweries Plc has concluded plans of expanding its operational capacity in Enugu State through the introduction of a multi-million US dollars business project awaiting its board approval. The company’s Managing Director, Jordi […]

Nigerian Breweries unveils new sleek and stylish Heineken beer cans

NIGERIA – Heineken, through its Nigerian bottler Nigerian Breweries, has launched two new sleek and stylish 33cl cans for the packaging of its premium beer brand in Nigeria. This is part of the Dutch brewing […]

Nigerian Breweries reports 28% decline in half year profits as costs spike 24.2%

NIGERIA – Nigerian Breweries Plc (NB) reported a 28% fall in profits during the first six months of 2019 ending on 30th June to US$ 36.84 million (N13.3bn) from, as increasing cost and continued to […]

Nigerian Breweries launches new Legend Extra Stout size to expand market

NIGERIA – The Nigerian Breweries (NB) Plc has introduced a new 45cl bottle of its leading stout brand, Legend Extra Stout, as it seeks to expand its market penetration. According to the Portfolio Manager, National […]

Nigerian Breweries to raise US$41.64m in series 3 and 4 of Commercial Paper programme

NIGERIA – Nigerian Breweries Plc has announced that it seeks to raise up to US$41.64 million (N15 billion) in the third and fourth series under its N100 billion Commercial Paper (CP) programme. According to a […]

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 […]