Nigerian Breweries declares US$91.4 million dividend for 2017

NIGERIA - Nigerian Breweries Plc has announced its results for the 2017 operating year with a dividend recommendation of US$91.4 million for its shareholders. The recommendation, which amounts to a dividend of US$0.01 per share for the 2017 operating year, was part of the company’s filing to the Nigerian Stock Exchange (NSE). The recommended dividend…

Nigerian Breweries records profit, as revenues rise 14%

NIGERIA - Nigerian Breweries Plc has announced an interim dividend of N7.997 billion (US$22m) for the nine months ended September 30, 2017. The dividend, which translates to N1.00 per share, was recommended following improved performance recorded by the leading brewing firm for the nine months. Nigerian Breweries posted revenue of N254.7 billion (US$708m) in 2017,…

Efficiencies lifts Nigerian Breweries nine-month results

NIGERIA - Nigerian Breweries Plc (“NB”), the country’s largest brewer said on Thursday that sales for the nine-months to September ending grew 14% to N255bn ($700m). In the same period in 2016, the firm recorded revenue of N223bn ($614m). The company which is a unit of Amsterdam-based Heineken N.V. said that changing market dynamics resulted…

Star Lager Beer signs partnership with Chelsea Football Club

NIGERIA – Star Lager Beer, Nigeria’s leading premium beer, has officially signed a partnership agreement with the top English Premiership club, Chelsea Football Club. “The partnership with Chelsea provides us with a remarkable platform to broaden the brand’s profile and its values, while giving us another opening to create distinctive and shining experiences for football…