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 […]

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. […]