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

“33” Export Lager marks World Friendship Day at the ‘City of Friends’

“33” Export Lager beer, a premium brand from the portfolio of Nigerian Breweries Plc, celebrated World Friendship Day at the ‘City of Friends’ in Lagos.

The event brought together friends and consumers of the brand including celebrities such as Timi Dakolo, A’rese Emokpae, Wale Ojo and many others.

The occasion which kicked-off on 28th July through 30th July took place at the beachfront behind Landmark Centre, Oniru, Lagos and featured top Nigerian entertainers such as Femi Kuti, Flavour N’abania, MI Abaga, Cynthia Morgan, Seyi Shay and many more as well as consumers of the brand. Gideon Okeke officiated the event.

International Drinks Festival planned for Lagos in December

An International Drinks Festival is set to hold in Lagos this December. At the unveiling of the pre-event last Thursday at the Federal Palace Hotel and Casinos, Victoria Island, Lagos, the event organisers, Balmoral Events Solution Company, said that the event will take place between 1st and 3rd December 2017 at the Balmoral Convention Centre, Federal Palace Hotel and Casino, Victoria Island, Lagos.

Rising consumer demand, favourable share trends drive Beam Suntory’s half-year results

Beam Suntory, Inc, the alcoholic beverage arm of Japanese group Suntory Holdings said that revenue for the first-half of 2017 was driven by rising consumer demand and favourable share trends across key markets.

The company said that sales grew in the mid-single-digits, driven by double-digit global gains from Jim Beam and Maker’s Mark bourbons.

Guinness Nigeria appoints Leo Breen as Non-Executive Director

Guinness Nigeria Plc, announced on Wednesday the appointment of Mr. Leo Breen to its board as a non-executive director with effect from 25 April 2017.

AB InBev, Anadolu Efes to combine operations in Russia, Ukraine

Anheuser-Busch InBev and Anadolu Efes, Turkey’s largest brewer announced on Wednesday that they have agreed to merge their businesses in Russia and Ukraine as part of an effort to bolster their businesses in a slowing market.

The Russian market which was once embraced by big international brewers has declined in recent years due to a weak economy, international sanctions and government regulation to curb drinking by raising taxes and limiting sales.

Lagos State to host first Beer Festival

As part of efforts to stimulate tourism and the local economy, Lagos State is set to host the maiden edition of the Nigeria Beer Festival from September 25 to October 1, 2017.

The Lagos State Government is partnering with beer brewers in the country and their counterparts across the globe to create maximum excitement during the week-long festivities that will climax with the Independence Day Mega Concert to commemorate Nigeria’s independence.

Guinness Nigeria stakes its future on low cost beer

Guinness Nigeria Plc, said it plans to broaden its participation in the value segment of the beer market as part of its strategy to return to profitability.

The maker of Guinness Extra Stout made this known in a rights Issue prospectus it released to shareholders in July. The company is seeking to raise N39.7bn ($109m) to enable it optimize its capital structure and reduce outstanding debt. The firm expects subscription to the rights issue and payment of debt obligation will be completed by the fourth quarter of 2017.

First Quarter profit fall at International Breweries as input costs rise

International Breweries Plc reported a profit decline of 18% for the first quarter of 2017/2018 financial year despite seeing a record 37% surge in sales to N9.4bn, from N6.9bn. The company which makes Trophy Lager and Betamalt said that profit fell to N1.4bn, from N1.7bn in 2016.

Heineken’s profits soar on zero-alcohol beer, warm European weather

Heineken N.V. on Monday reported a 49% profit growth in half-year, helped by its new zero-alcohol beer introduced in Europe in May and a warmer weather in Europe.

The company said that half-year profit to the end of June rose to €871m ($1.02bn), from €586m in the previous year.

“We delivered strong results in the half-year, with all four regions contributing positively to organic growth in volume, revenue and operating profit,” CEO Jean-Francois van Boxmeer said.

Nigerian Breweries sustains momentum as half-year profit surge 24%

Nigerian Breweries Plc, said on Friday that the benefits of the price increases it took in 2016 to mitigate the effects of skyrocketing inflation and foreign currency challenges continued into its first-half results.

The company declared a 15% growth in revenue for the first six months of its financial year. Sales grew to N181bn, from N157bn from the previous year.