Daily Archives: July 13, 2016

CPC opens probe into Nigerian Breweries’ health claims on beer consumption

The Consumer Protection Council (CPC) said on Sunday it has opened an investigation into claims made by Nigerian Breweries Plc on nutritional and health benefits of beer consumption.

The government agency issued a 14-day ultimatum to the brewer to provide evidence to support the claims which the agency said was capable of luring unsuspecting consumers into unwholesome consumption of the product.

NB’s revenue and profit fall on weak consumer demand, tough economic environment


Nigerian Breweries Plc, said on Wednesday that net income for the second quarter 2016 fell 24% to N8.6bn, from N11.4bn recorded in the same period in 2015.

The brewer of Star Lager, Gulder, among others hinted in a released statement accompanying its first quarter results in April that trading conditions in Nigeria remained tough amid a weaker consumer environment caused by the slump in global oil prices. The company predicted that forthcoming quarters in 2016 would be more difficult despite a better than expected Q1 result.