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

Guinness Nigeria to restart drinks catering service – ‘Party Serve’

Guinness Nigeria Plc has reintroduced its pioneer drinks catering service called ‘Party Serve’. The ‘GN Party Serve’ is designed to cater to events requiring drinks and drinks service such as helping professional event planners and party planning enthusiasts provide better service to their clients regardless of event scale or size.

At the reintroduction of the new service, Guinness Nigeria’s Marketing and Innovation Director (Guinness & Spirits), Adenike Adebola remarked that with the re-introduction of GN Party Serve, customers are welcome to a wide array of complimentary goods and services, including drinks, cooling services, a customized bar, and a team of experienced mixologists and hostesses.

International Breweries merger moves a step closer to completion, gets shareholders’ approval

International Breweries Plc (“IBPlc”), said on Thursday that its shareholders and the shareholders of Intafact Beverages Limited and Pabod Breweries Limited (the “merging entities”) have approved the merger of all three companies.

With approval received from the shareholders of the merging entities, the company said it will will seek final regulatory approvals from the Nigerian Securities and Exchange Commission (“SEC”) and the Nigerian Stock Exchange (“NSE”), as well as the sanction by the Federal High Court (“FHC”), after which, the merger becomes effective.

Nigeria Customs applauds Guinness Nigeria on payments, vows stronger ties

Guinness Nigeria Plc has been commended for strong compliance and due diligence in remitting its tax and statutory obligations to the Nigeria Customs Service (NCS).

Customs Area Controller (CAC), Lagos Industrial, Nigeria Customs Service, Comptroller Morenike Oladunni, made the commendation during a visit to the company on Monday, October 16, 2017. She said Guinness Nigeria’s impressive compliance with respect to the disbursement of excise duties is not only noteworthy but a reflection of its enviable corporate governance standards.

AB InBev to sell stake in Zambia’s National Breweries to Zimbabwe’s Delta Corp

Delta Corporation, Zimbabwe’s largest brewer and a unit of AB InBev said on Thursday that it has reached an agreement to acquire a controlling interest in National Breweries of Zambia.

In a released statement, Delta said that equity is being acquired from Heinrich’s Syndicate, also a subsidiary of AB InBev.

“The equity is being acquired from Heinrich’s Syndicate, a subsidiary of AB InBev. The transaction is subject to various regulatory approvals. The impact of this transaction is currently being determined but is not material for Delta,” said Alex Makamure, Delta’s Company Secretary.

Guinness Nigeria N40bn Rights Issue oversubscribed

Guinness Nigeria Plc, said on Wednesday that its share sale to existing shareholders to raise N39.7bn ($126m) was oversubscribed by 16%.

The Nigerian subsidiary of drinks maker Diageo Plc said it sold five shares from the company for every 11 held by shareholders, at N58 naira per share.

Nigerian Breweries, FRSC partner on safety campaign during ember months

Nigerian Breweries (NB) Plc says it has entered into a partnership with the Federal Road Safety Corps (FRSC) to ensure safety on the highways by discouraging habit of drinking while driving.

Mr Kufre Ekanem, the Corporate Affairs Adviser, NB Plc, made this known at a news conference on the campaign tagged: “Don’t Drink and Drive” in Lagos on Thursday.

Ekanem said that the partnership was part of the company’s long-term agenda on responsible consumption campaigns.

Nigerian Beer Festival Kicks-off amid Merrymaking

The First Nigerian Beer Festival got underway on Monday evening as billed amid an atmosphere of celebration at the Atlantic City Waterfront, Victoria Island, Lagos.

The event opens daily with hundreds of fun seekers trooping to the waterfront to enjoy the excitement, fun and entertainment of the carnival.

Nigeria now second leading producer of Sorghum in the world

Nigeria’s agricultural production of sorghum has leaped to the second place, now trailing only the United States in annual production.

Data obtained from the United States Department of Agriculture (USDA) forecasts world sorghum production at 59.34 million metric tonnes for 2017/2018.

Of this number, USA’s output is projected to reach 8.4m metric tonnes while Nigeria is second with 6.4m metric tonnes, and Mexico comes in the third position with 6.0m metric tonnes.

Intafact Hero’s Foundation Rewards new set of budding Entrepreneurs

The Intafact Hero’s Foundation Kickstart Programme; a CSI initiative of Intafact Beverages Limited has just concluded its 2nd award ceremony which rewarded 40 budding entrepreneurs’ with the sum of eighty two million naira.

Now in its second year, the Intafact Hero’s Foundation continues to promote and instill a culture of entrepreneurship among Nigerian youths to enable them reach their full potentials via the intensive training, seed capital and mentoring provided through its Kickstart programme.

Nigerian Breweries – Financial Market Forum Wrap-Up

Nigerian Breweries Plc, the nation’s largest brewer held its ‘2017 Financial Market Forum’ on 14th September 2017 at the company’s Iganmu-Lagos facility, where the new CEO Johan Doyer and Finance Director, Mark Rutten held a briefing of the company’s business and gave analysts a tour of the Iganmu plant.

The company posted a 15% revenue growth in the first-half of 2017, driven partly by earlier price increases. Beer volumes in the period declined mid-single digit. The brewer said it has implemented further marginal price increases in the N220 to N230 price range for select brands at the start of the third quarter of 2017 with the aim boosting margins amidst local input cost pressures.