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 the brewery highlighted that there is no fake Amstel Malta in the market, adding that it recently revised the packaging…

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 to Beverage Industry News, NSE issued a circular that the downgrade was as a result of a review it conducted…

Nigerian Breweries to appeal court ruling on Amstel Malta

NIGERIA- Nigerian Breweries Plc has issued a formal statement confirming Edo State High court ruling against it in the case of Prof Ernest Izevbigie vs. Nigerian Breweries Plc and says that it intends to appeal against the ruling. The company was facing a law suit for allegedly wrongfully inscribing “low sugar”on one of its brands,…

Nigerian Breweries announce director resignation and appointments to its board

NIGERIA – Nigerian distributor of lager and stout beer, Nigerian Breweries has announced the appointment of one resignation and two new appointments of Non-Executive Directors to its board,reports Beverage Industry News. The company has appointed of Mr Oluseyi Bickersteth and Mrs Adeyinka O. Aroyewun as Non-Executive Directors while Chief Samuel O. Bolarinde, a Non-Executive Director…

Nigerian Breweries ordered to reinforce employee retirement policy

NIGERIA – The National Industrial Court of Nigeria has made a ruling mandating Nigerian Breweries to include early retirement policy in its employee handbook, reports BeverageIndustryNews. The ruling requires the brewing company to specify the pre-qualification, notice period and severance package in order to avoid litigation of the policy. This follows claims by a former…

Nigerian Breweries promotes healthy living with Amstel Malta

NIGERIA - Promoters of Amstel Malta, a premium malt drink from Nigerian Breweries, have advocated the need for a healthy living among its consumer’s through supporting various healthy living lifestyles, reports This Day. Ugo Ahukannah, Nigerian Breweries Senior Brand Manager for Amstel Malta, said that they are devoted to promote fitness across Nigeria through supporting…

Nigerian Breweries and road safety agency promote Don’t Drink and Drive campaign

NIGERIA – Star Lager maker, Nigerian Breweries has together with the Federal Road Safety Corps (FRSC) held a mega rally on road safety in Lagos in a bid to curb the number of road accidents in the country. According to Beverage Industry News, the Don’t Drink and Drive rally campaign was the second of the…

Nigerian Breweries appoints Steven Siemer as Non-Executive Director

NIGERIA - The Lager Beer and Stout maker, Nigerian Breweries has appointed Steven Lucien Marie Siemer to its Board as a Non-Executive Director effective 25th October, 2018, Beverage Industry News report. Prior to his appointment, Siemer was the Regional Finance Director for Africa, Middle East and Eastern Europe at Heineken N.V. He joined the Heineken…

Nigerian Breweries records US$41m profit for Q3, to pay 60 kobo interim dividend

NIGERIA – Nigerian Breweries Plc has reported US$41.32 million profit for the nine months ended September 30, 2018, and has proposed interim dividend of 60 kobo per share, according to ThisDayLive. It recorded US$702 million in revenue, down from US$744 million in 2017 while gross profit stood at US$260m compared with US$294m in the corresponding…

The Guardian, Vanguard, The Punch dominate Nigerian Breweries Golden Pen Awards

NIGERIA - Journalists and media personalities from the industry were rewarded and celebrated for their outstanding journalism and media excellence at the concluded Golden Pen Awards organised by Nigerian Breweries in Lagos, reports Beverage Industry News. The awards seek to enhance professionalism, objective reportage of events in Nigeria and promotion of fine ethics within the…