Atedo Peterside steps down from the Board of Nigerian Breweries

NIGERIA – Nigerian Breweries has announced the resignation of Mr Atedo Peterside as a non-Executive Director from its board. This was disclosed in a notification, which was signed by the firm’s Company Secretary, Uaboi G. […]

The Heineken Foundation funds infant mortality intervention in Nigeria

NIGERIA – The Heineken Foundation, through Nigerian Breweries Plc has signed a memorandum of understanding with University of Benin Teaching Hospital (UBTH) committing US$116,000 to tackle infant mortality. While making the commitment, Managing Director/Chief Executive […]

Nigerian Breweries sets up retail labs to boost earnings amid rising competition

NIGERIA – Nigerian Breweries Plc has reported a decline is net revenue by 0.4% from N324 billion (US$887.2m) in 2018 to N323 billion (US$884.5) in 2019 for the full year. Profit before tax fell by […]

Nigerian Breweries launches series 5 & 6 commercial paper as part of US$123m financing plan

NIGERIA – Nigerian Breweries has announced the launch of series 5 & 6 commercial paper as part of the brewer’s plan to raise N45billion (US$123m) to support the company’s short-term funding needs. A Commercial Paper […]

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 […]