Tag Archives: Nigerian Breweries

Kufre Ekanem, Corporate Affairs Director at Nigerian Breweries moves on

Kufre Ekanem, the long-serving Corporate Affairs Director at Nigerian Breweries Plc has resigned his position effective 1st October, 2018.

Ekanem, who was a member of the Executive Committee of the brewing company and the public face of the company in host communities, is leaving to start a consulting firm, Philosoville Limited, a Culture, Marketing and Public Relations consultancy company, according to sources close to the respected communications expert and poet.

Star Lager ‘United We Shine’ promo ends making 250 consumers millionaires

Nigerian Breweries Plc (“NB Plc”), brewers of Star Lager Beer, said its millionaire’s promo tagged: ‘United We Shine’, which is designed to reward consumers of the brand has produced 250 millionaires.

The promo, driven by limited special edition bottles of Star with unique crown corks which were redeemed via mobile phone USSD codes, had over N300 million worth of prizes awarded to thousands of consumers during the promo.

Speaking on the concluded promo, Portfolio Manager, National Premium, NB, Mr. Olayinka Bakare said: “The United We Shine promo was aimed at celebrating lovers of the Star brand and fans of football that support the Super Eagles of Nigeria. We are delighted that thousands of consumers were rewarded through this promo and it was an immense success. Star will continue to support consumers and Nigerian football lovers in the days ahead.

Life Continental Beer unveils 2018 edition of “Progress Booster”

Life Continental Lager Beer, a brand from the stable of Nigerian Breweries Plc, has concluded plans to launch the fourth edition of its “Life Progress Booster” promo, an initiative by the brand to promote small and medium scale enterprises (SMEs) in the South Eastern states of Abia, Anambra, Enugu, Ebonyi, Imo, Delta and Rivers, where the brand is the market leader.

According to the brand handlers, the scheme is meant to boost the entrepreneurial spirit of Igbo men and women across the South East states of Nigeria as the brand launched the 2018 edition of its famous Life Beer Progress Booster in Enugu.

NB seeks to expand leadership in premium lager, scale-up mainstream and drive malt growth

Nigerian Breweries Plc (“NB Plc”), the country’s largest brewer by volume and sales has set a goal to expand its leadership in premium lager, build scale in mainstream segment (formerly value segment) and drive malt growth as it counters stiff competition from rivals – International Breweries Plc, a subsidiary of AB InBev and Guinness Nigeria Plc.

Lagos to host 2nd ‘Nigeria Beer Festival’

Lagos State is set to host the second edition of the Nigeria Beer Festival, between September 25 to October 1, 2018.

The annual event is being organised in partnership with beer brewers in the country and their counterparts across the globe to create maximum excitement during the week-long fiesta. It will climax with the Independence Day Mega Concert to commemorate Nigeria’s independence.

Nigerian Breweries appoints Nigerian as new Marketing Director

Nigerian Breweries Plc (“NB Plc”), has announced the appointment of Mr Emmanuel Oriakhi, a Nigerian as its new Marketing Director. He succeeds Mr Franco Maria Maggi whose secondment at the brewing company ended at the end of August. Maggi will take up a new assignment at the Heineken headquarters in Amsterdam.

According to a statement by (“NB”), Mr Oriakhi joined the company in 2003 as a Commercial Management Trainee and held increasingly senior roles within the Commercial Function of the company.

Nigerian Breweries delivers block of classrooms, furniture, library, and books to Kano State Government

The Governor of Kano State, Abdullahi Ganduje, has commended Nigerian Breweries Plc for its contribution to the education sector in Kano State, saying the brewing giant has made his job easier.

The Governor was speaking while receiving a block of eight classrooms, furniture, library and books at the Government Technical College, Gwale, donated by the brewing company.

Also speaking at the event, the Emir of Kano, His Royal Highness Muhammadu Sanusi II, in a goodwill message, said Nigerian Breweries has added value to Kano people through its Corporate Social Responsibility (CSR) platform, adding “Maltina is no doubt our pride in CSR and other corporate bodies in Kano State should follow suit.”

Nigerian Breweries records 22% profit decline in half year as new tariff regime, weak sales, currency headwinds impacts sales

Nigerian Breweries Plc has said that the impact of the new excise duty rate on alcohol has shaved-off 22% from its net profit for the first six months of the 2018.

The company best known for its Star Lager beer said that profit after tax fell to N18.4bn, from N23.7bn earned in the first half of 2017. The impact was felt more in the second quarter when net profit dropped 33% to N8.22bn, from N12.3bn in the prior year.

Nigerian Breweries announces Board Resignations and Appointments

Nigerian Breweries Plc, a subsidiary of Heineken N.V on Monday announced major changes to its Board of Directors with several resignations and appointments.

Board Resignations

Mr Mark Rutten, the company’s Finance Director resigned from the Board effective the close of business on the 27th of July, 2018, having completed his internationalization assignment. He joined the Board of Directors on the 1st of August 2014.

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).