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 growth acceleration in first-half despite lower operating profit warning for second-half

Dutch brewer Heineken N.V said that net revenue for the first six months of 2018 grew 4.2% to €10.7bn, from €10.3bn in 2018.

The company said that consolidated beer volume grew 4.5%, while Heineken brand own volume rose 7.5%, with positive momentum in all regions especially in Africa, Middle East & Eastern Europe and the Americas. The growth came from double digit gains in Brazil, South Africa, Russia, UK, Nigeria, Mexico, Poland, Germany and Romania. The company notes that it continues to benefit from global sponsorship platforms such as UEFA Champions League and Formula 1.

AB InBev sustains growth in half-year

Anheuser-Busch InBev on Thursday reported a 4.7% revenue growth for the second quarter of 2018 and half-year respectively. The growth was driven by strong performance of its global premium brands and revenue management initiatives.

The company said that total beer volumes grew by 0.8% in Q2 and by 0.3% in half-year.

Nigerian Breweries sets up new N100bn “Commercial Paper” programme, accepts new loan facility

Nigerian Breweries Plc (“NB”), announced on Monday the establishment of a new N100bn Commercial Paper (“CP”) programme.

In a statement released by the company to the Nigeria Stock Exchange (NSE), it said the new Commercial Paper could be issued in tranches or series of such amounts and at such dates, discounted values, coupon or interest rate, within such maturity periods and upon such other terms and conditions as may be determined by the company.

The establishment of a N100bn Commercial Paper by NB marks the second time the brewing company would set-up a “CP” of this magnitude. At the height of the Nigerian recession in 2015, the company established a N100bn Commercial Paper programme, which at the time was reported to be the largest Commercial Paper programme to be established in Nigeria by a (non-financial institution) corporate issuer since the 2009 guidelines on Commercial Paper from the Central Bank of Nigeria (CBN).

Diageo posts marginal revenue growth in full year as adverse foreign exchange hits sales

British drinks maker Diageo Plc reported its full year 2018 results on Thursday, with marginal revenue growth of 0.9% for the period ending 29 June 2018.

The company behind such brands as Johnny Walker Scotch whisky and Guinness Stout recorded £12.2bn in net sales for the year as against £12bn from the previous year. The firm noted that adverse foreign exchange headwinds impacted net sales. Total volumes declined 1%.

Heads of FrieslandCampina, Heineken commit to increased investments in Nigeria

The leadership of Dutch firms in Nigeria have pledged to increase their investments in the country.

The commitments were made when Nigeria’s President Muhammadu Buhari, met with some of the CEOs of the Dutch firms during his official visit to The Hague, Netherlands.

Golden Guinea releases year end results for 2018

Golden Guinea Breweries Plc, earlier on Thursday released its full year statement of affairs for the year ending 31 March 2018.

The Umuahia-based brewer which has not been active for 15 years following a fire outbreak at its facility in 2003 said in its report that it has not resumed its principal activities of brewing during the year under review as a result of the ongoing reactivation activities.

Golden Guinea drags Pabod Breweries to court over alleged trademark infringement

Golden Guinea Breweries, the Umuahia, Abia State-based brewer on the cusp of making a comeback to the nation’s beer market has filed a lawsuit at a Federal High Court against Pabod Breweries Limited, a subsidiary of AB InBev.

The suit seeks N10bn general damages from Pabod for alleged infringement of Golden Guinea’s trademark for the production of Eagle Stout.

Golden Guinea Breweries set to re-enter beer market

Golden Guinea Breweries has announced it would make its re-entry into the nation’s beer market next month. According to a report by BusinessDay, the Umuahia-based brewer is nearing the completion of a major overhaul and upgrade of its production facilities following a fire outbreak in 2003 that led to the closure of the brewing company.

The company said its new equipment has an installed capacity of 48,000 bottles per hour, which represents 1.15 million bottles per day, twice the installed capacity of the old equipment which produced 24,000 bottles per hour and more than double what its competitors at Nigerian Breweries’ Ama, Enugu plant and International Breweries Onitsha brewery produces.

IB Plc teams up with Lagos State Government to bring live viewing centres of FIFA World Cup to residents

International Breweries Plc, the Nigerian subsidiary of Belgian brewer AB InBev said it has partnered with the Lagos State Government to bring the remaining live matches of the ongoing 2018 FIFA World Cup to Lagosians.

The firm is sponsoring all the viewing centres set up by Governor Akinwunmi Ambode through the Lagos State Sports Commission.

Star Lager flags-off biggest consumer promo with over N400m cash giveaway

Nigerian Breweries Plc, makers of Star Lager Beer, have announced the launch of the Star Lager Millionaires Promo, a national consumer exercise designed to reward football fans and lovers of Nigeria’s premium beer brand.

The mega promo, expected to be the company’s biggest ever, is billed to give out over N400 million naira in cash between June 15 and August 15, 2018.