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

International Breweries appoints new Board Chairman, COO

International Breweries Plc, the Ilesha-based brewer owned by AB InBev has named Mr. Sunday Akintoye Omole as its new Board Chairman effective 22 March, 2017.

Mr. Omole takes over from the erstwhile Managing Director and Board Chairman, Otunba Michael Daramola, who retired in line with the company’s Articles of Association.

Diageo’s Africa President John O’Keeffe sheds light on the group’s activities in Africa and outlook

Diageo Plc, the world’s largest spirits maker with big footprints in Africa in both beer and spirits segment said recently it has a strong positive outlook for its business on the continent. The group’s Africa president John O’Keeffe last week spoke with analysts on a wide range of issues pertaining to the group’s activities and strategy on the continent.

Excitement as Nigerians look forward to the first beer festival

Beer lovers are set to experience a weekend of diverse, all-inclusive beer adventure plus a weekend to indulge in a lifestyle where their biggest decision will be how they pick which activity to attend. This is as Nigeria’s first ever Beer festival is billed to hold in Lagos.

The Lagos Beer Festival holds April 22-23, 2017 at the National Stadium Surulere-Lagos and promises to be the largest annual gathering of beer enthusiasts, connoisseurs, celebrities, bar crawlers and those just wanting to learn more about beer.

Guinness Nigeria seeks NSE approval for share sale

Guinness Nigeria Plc, said on Wednesday it had sought approval from the Nigerian Stock Exchange (NSE) for a new share sale which it hopes would raise N39.77bn ($130m).

The company which has posted back-to-back losses in the last three quarters said it would issue the shares to existing shareholders at N58 per share, which represents a 17% discount on Wednesday’s closing of N70 per share. Existing shareholders would be offered five new shares for every 11 held as of Wednesday closing.

Nigerian Breweries commissions upgraded Ota Brewery

Nigerian Breweries Plc, on Wednesday commissioned its upgraded Ota, Ogun State brewery plant, as it seeks to consolidate its leadership position in the industry.

The well-attended ceremony witnessed the unveiling of a new PET line, a Water Treatment plant and a Waste Water Treatment plant, among twenty-one other infrastructural upgrades.

The event was graced by the Governor of Ogun State, His Excellency, Senator Ibikunle Amosun, and former President Chief Olusegun Obasanjo, who was represented by Chief Abraham Idowu Akanle.

Star Lager adds FC Barcelona to its line-up of European football club partners

Star Lager, one of Nigeria’s leading beer brands from the stables of Nigerian Breweries Plc, has added Spanish football club FC Barcelona to its roster of European football club partners as it tries to deepen customer engagement in Nigeria among football lovers.

In a press briefing at Camp Nou, Barcelona, the beer brand announced the partnership, becoming the club’s “Official Beer Partner” or “Official Supporter” in Nigeria.

Brazil slump weighs on AB InBev’s earnings

Leuven, Belgium-based Anheuser-Busch InBev said on Thursday that a weakened economy in Brazil, its second largest market had depressed its full year earnings.

The world’s largest beer maker noted that consumer purchasing power in Brazil continues to fall amid high unemployment rate, a difficult situation consumer goods companies are facing in that country. Despite the macroeconomic challenges, the brewer said it grew revenue 2.4% to $45.52bn in 2016, with revenue per hectoliter rising 4.5%, largely driven by revenue management initiatives and brand mix as it continues to implement premiumization strategies. However, it said that total beer volumes declined by 2%, with own beer volumes down 1.4% and non-beer volumes down 6.2%.

Record FX loss, inflation push down Nigerian Breweries profit for the year

Nigerian Breweries Plc, said on Monday that profit for its 2016 full financial year fell 25%, reflecting a tough macroeconomic environment in the country.

The maker of Star Lager and Gulder said that despite sales growth of 6.7%, a combined effect of rising inflation and the devaluation of the naira reduced the company’s net income by 25%. It noted that revenue grew to N341bn in 2016, up from N294bn in the preceding year.

Beam Suntory spirits line deliver strong results despite drop in segment revenue

Beam Suntory, the spirits arm of Japanese group Suntory Holdings, said that revenue in 2016 financial year grew in the mid-single digit.

However, net sales for the alcoholic beverages segment which includes wine, beer and spirits declined 3.6% to ¥988.7bn yen ($8.69bn) year-on-year. The company noted that the spirits division performed strongly, driven by robust growth for brands such as Jim Beam, Maker’s Mark, Hornitos tequila, Japanese ready-to-drink products and premium and scotch whiskies.

Pharma Deko seeks liquidation of Guinness Nigeria over debt claims

Pharma Deko Plc, a pharmaceutical company has filed a petition at the Federal High Court in Lagos seeking liquidation of Guinness Nigeria Plc as an ongoing business concern over alleged ₦176m debt claim.

The petition, which is before Justice Hadizat Rabiu-Shagari would be heard on 28 March, 2017.