Beer Sectoral Group appoints Guinness Nigeria’s CEO Baker Magunda as group Chairman

NIGERIA – The Beer Sectoral Group (BSG), a section of the Manufacturers Association of Nigeria (MAN), has announced the appointment of Baker Magunda as Chairman of the group with effect from 1st August 2021. The BSG is a trade association comprising beer manufacturers in Nigeria to include Guinness Nigeria Plc, Nigerian Breweries Plc, and International Breweries PLC. Magunda will now head the group whose mission is to develop the beer industry by encouraging sound professional practice among members and building understanding of stakeholders to promote responsible drinking and the social…

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WFP partners with Promasidor, Tolaram and other food processor support Nigerian agri-tech start-ups

NIGERIA – The UN World Food Programme in partnership with leading food industry players in Nigeria have partnered to support six budding entrepreneurs in the food and agriculture sector, scale up their innovation with N120 million (US$290,000) worth of funding. The funding was channelled through the ‘2021 Zero Hunger Sprint – Nigeria’s Innovation Challenge’ undertaken under the Zero Hunger Roundtable. Zero Hunger Roundtable is a multi-sector forum aimed at collectively addressing food challenges as a part of the UN’s global mandate to achieve Zero Hunger by the year 2030. The…

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Beverage manufacturers in Nigeria solarise processing facilities, cut on carbon emissions

NIGERIA – Nigerian beverage companies are going green with Big Bottling Company (BBC) completing the installation of a solar power plant at its factory in Ogun State, while Nigerian Breweries has officially launched its Ibadan brewery solar power system. The Big Bottling Company, producer of Big Cola, Big Orange, and other popular soft beverages in the country, has put up a 950kW solar system. The power plant set up on the company’s factory rooftop was installed by Starsight Energy, the leading African Commercial and Industrial (“C&I”) solar power provider. According…

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Heineken undertakes executive leadership changes in Africa, appoints new CEO in Nigerian Breweries

NIGERIA – Nigerian Breweries, subsidiary of Heineken International has announced the appointment of Mr Hans Essaadi as its new Managing Director and Chief Executive Officer effective from 31st of July, 2021. Mr Hans takes over the helm of the company from Mr. Jordi Borrut Bel, who according to the brewer, will be completing his assignment in the company on the 30th of July, 2021. The Board of Directors of the company has indicated that it accepted Mr Borrut Bel’s letter of resignation as he is headed to take up another…

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Nigerian Breweries reports 26.9% Q1 revenue jump triggering impressive bottom-line growth

NIGERIA – Nigerian Breweries, subsidiary of Heineken International, has reported a 38.59% year-on-year growth in profit to N7.66 billion (US$18.7m) for the first quarter of 2021, up from the N5.53 billion (US$13.5m) reported in the corresponding quarter of 2020. The impressive bottom-line growth can be directly linked to the 26.98% increase in net revenue, buoyed by the increase in sales during the quarter. Its net revenue in q1 2021 was N105.68 billion (US$258.3m), up from the N83 billion (US$203.04m) it made from sales in the corresponding period of 2020. According…

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Nigerian Breweries Limited halves its Profit After Tax in 2020 earning US$19.32m

NIGERIA – Nigerian Breweries Plc has recorded a net revenue of N337.046 billion (US$884.05m) in the year ended 31 December 2020, a 4.3% rise from N323.007 billion (US$847.23m) in 2019. According to the brewing company, its cost of sale rose from N191.757 billion (US$502.9m) to N218.355 billion (US$572.7m). However, it was able to bring down marketing and distribution expenses to N70.702 billion (US$185.4m) in 2020, from N77.695 billion (US$203.79m) in 2019. Also, administrative expenses reduced marginally from N19.355 billion (US$50.76m) to N19.212 billion (US$50.39m) while net financing cost rose 52…

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Nigerian Breweries invests US$13.3m in ultra-modern non-alcoholic beverage line

NIGERIA – Nigerian Breweries Plc, has opened its newly built N5.1 billion (US$13.3m) ultra-modern automated PET line at the Ijebu Ode brewery, Ogun State. According to the company, the facility is fully automated to meet world-class safety and quality requirements and has the capacity to produce 24,000 bottles of drinks per hour. It is also expected to become a central supply and a critical enabler to the company’s plans to export its drinks outside its home base to West Africa and beyond. The line will increase the production capacity of…

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Nigerian Breweries launches new sugar free malt drink, improves pack of regular one

Company name: Nigerian Breweries, Nigeria  Product type: Malt drink Innovation: New product and packaging change Nigerian Breweries has launched a new sugar free version of its popular malt beverage brand Malta and at the same time changed the look and feel of its current regular variant. The new Amstel Malta Ultra is the first sugar free non-alcoholic malt drink in the market. Targeting the health conscious consumer, the product is available in a sleek aluminium can and has a lower calorific content, according to the company. The company has also changed the packaging…

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Nigerian Breweries revamps Star Radler pack, introduces new flavour

Company: Nigerian Breweries, Nigeria Product type: Low alcohol flavoured beer Innovation: New labelling and new flavour variant Nigerian Breweries, the leading alcoholic drinks company in Nigeria has introduced a new look for its Star Radler flavoured beer. The company has introduced a gold background instead of silver on the main face of the label for its Star Radler Citrus variant and at the same time, debuted Star Radler Red Fruits variant to the brand. Available in 450 ml glass packaging, the drinks come in at 2% alcohol by volume (abv)…

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Nigerian Breweries recognizes teachers’ efforts in ‘Maltina Teacher of the Year 2020’ award

NIGERIA – Nigerian Breweries through its Felix Ohiwerei Education Trust Fund has crowned Anani Oluwabunmi, an English teacher at Concordia College in Adamawa State, as the winner of the 2020 Maltina Teacher of the Year award. The Felix Ohiwerei Education Trust Fund was set up in 1994 with a startup capital of N100 million (US$262K) to enable sustained quality education through structured intervention in the sector. In 2015 the trust fund introduced the Maltina Teacher of the Year, a national competition to identify, honour and reward outstanding teachers in Nigeria.…

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