Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Beer

Heineken sees marginal profit decline in 2018

Heineken N.V. on Wednesday reported a decline of 1.6% in net profits for the full year 2018 to €1.9bn, caused by a €183m impairment charge in the Democratic Republic of the Congo (DRC) and acquisition costs from Brazil. In the same period in 2017, the company recorded €2.2bn in profits.

However, the company said that total revenue for 2018 grew by 3.7% to €26.81bn from the previous year, with total beer volumes up by 4.4%, helped by a boost from its Heineken brand, which grew 7.7%, its best performance in a decade. The Dutch brewer notes that its newly launched Heineken® 0.0 is now sold in 38 countries, from 17 in 2017.

Int’l Breweries appoints Richard Rivett-Carnac as a Non-Executive Director

International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director.

In a statement, the company said that Mr Rivett-Carnac is the Mergers and Acquisitions/Treasury Director for AB InBev Africa, based in Johannesburg, South Africa. He is a Chartered Accountant and was an investment Banker with Barclays Capital U.K. He also worked with KPMG ABMiller group in 2009.

Resignation: Paul Gallagher resigns from Guinness Nigeria Board

Guinness Nigeria Plc has announced the resignation of Mr. Paul Gallagher from the Board of Directors of Guinness Nigeria Plc. The company said that Mr. Gallagher’s resignation as a Non-Executive Director of Guinness Nigeria is effective from 29 January 2019.

International Breweries delivers on Social Investment Projects to communities in Osun, Ogun and Oyo states

International Breweries Plc, the Nigerian unit of global beer company, Anheuser-Busch InBev has recently completed a number of projects, under its corporate social investment initiatives, across several communities in Osun, Ogun and Oyo states. These projects were recently delivered to the communities.

According to the company, the projects were part of the its strategic policy of impacting the communities where it operates, especially in the areas where basic amenities are either lacking or inadequate. The projects include solar-powered boreholes, an adequately equipped primary healthcare centre and a sanitary facility.

Diageo half-year sales boosted by strong demand in Asia, U.S.

Diageo Plc, on Thursday reported a 6% sales growth for the first-six months of its financial year ending on 31st December 2018.

The British drinks maker behind such brands as Johnny Walker Scotch whisky and Guinness Stout said that revenue rose to £6.9bn ($9.07bn) compared to £6.5bn in the previous year, driven by stronger demand from China, India and the U.S.

Reduction in net finance charge lifts Guinness Nigeria’s half year profit

Guinness Nigeria Plc, on Wednesday said that net profit for its first-half of the year through 31st December 2018 grew by 21% to N2.6bn, helped by a sharp drop in net finance charge by 73% to N845m.

The maker of Guinness Foreign Extra Stout said that the lower finance charge was driven by the rights issue it initiated in 2017. The brewer noted that the benefits of the lower finance charge more than offset a 30% decline in Operating Profit in a challenging operating environment.

Nigerian Breweries names Sade Morgan as Corporate Affairs Director

Nigerian Breweries Plc has announced Mrs Sade Morgan as its Corporate Affairs Director and member of its executive committee reporting in this capacity to its Managing Director/Chief Executive Officer, Mr Jordi Borrut Bel.

In her new role, Morgan will strengthen the company’s non-crisis stakeholder relations and drive a strategy led relationship with government, regulatory organisations, host communities, the media and non-governmental organisations to reinforce the company’s philosophy of Winning with Nigeria.

Star Lager names music crooner Burna Boy as its newest Brand Ambassador

Afrobeat sensation, Burna Boy, has been announced as the new brand ambassador for Star Lager Beer. The announcement was made at the Circa, Lekki, Lagos on Sunday, 27th of January, 2018, where Burna Boy and the Star Lager brand team celebrated with a select few media, consumers and friends of the brand.

Gulder seeks new narrative with “Own Your Journey” tagline

Gulder, a Premium beer brand from the portfolio of Nigerian Breweries Plc has announced a new brand positioning going into 2019.

Revered for being the Ultimate beer, and known for its sleek golden brown bottle with the iconic helmet, Gulder will now be extending its market penetration by redefining the brand to Nigerians, urging them to own their journey.

The “Own Your Journey” phrase has just been introduced as the beer brand’s tagline, as Gulder seeks to alter its messaging to reflect its current brand position and craft a better narrative that can connect with its target audience.

Diageo appoints Gabriel Opoku-Asare as new Head of Society, Africa

Drinks giant Diageo Plc has appointed Gabriel Opoku-Asare, as Head of Society (Sustainability and Responsibility) – Africa Region effective February 1, 2019.

Gabriel was the Corporate Relations Director at Guinness Ghana Breweries Plc (GGBPLC), a subsidiary of Diageo prior to his new appointment.