Tag Archives: Nigerian Breweries

Nigerian Breweries seeks increase in local raw materials sourcing to improve earnings

Nigerian Breweries Plc, said it would ramp up efforts to source local raw materials as well as look for further improvements in its sorghum value-chain as a way of lessening the impact of foreign exchange challenges it faced during the 2016 financial year.

The country’s largest brewer added that it would be consolidating its earnings and profitability through improved market penetration with its innovative products, noting that it would carefully look at its price adjustment mechanism to ensure a balance in the management of input costs and price consumers are willing to pay for its products.

Governor El-Rufai lauds Nigerian Breweries for its economic and social support in Kaduna State

Kaduna State Governor, Mallam Nasir Ahmad el-Rufai, has commended the Nigerian Breweries Plc for its role in the economic development of the state, noting that the brewer is the largest tax payer in Kaduna.

The governor who was at the recently concluded Kaduna Economic and Investment Summit (KadInvest 2.0) had stopped by Nigerian Breweries stand, and said that the brewer plays a big role in the state as far as investment and economic development are concerned and remains a concrete testimony of the friendly business and investment environment the state is promoting.

Price increases, cost efficiencies help lift Nigerian Breweries first quarter result

Nigerian Breweries Plc hailed a strong first quarter as price increases of its products and cost efficiencies it implemented helped the brewer start the year on a strong footing as sales climbed 18% to N91bn, and net profit surged nearly 10% to N11.4bn, from N10.4bn a year earlier.

“33” Export Lager unveils friendship party experience

“33” Export Lager Beer, a product of Nigerian Breweries Plc (“NB”), has launched a new initiative called “33” Export Friendship Experience parties to provide its teeming consumers an opportunity to meet with their friends and share experiences.

According to NB, it plans to host friends in popular bars and clubs around the nation and reward them with experiences to remember in honour of the friendships they have.

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.

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 weighed on the company’s earnings by 25%. It noted that revenue grew to N341bn in 2016, up from N294bn in the preceding year.

Nigerian Breweries holds Annual distributors Award; promises trade partners sustained support despite challenges

Nigerian Breweries Plc, held its 2017 Edition of Distributors and Trade Partners Award last Friday at the Eko Hotels and Suites, Victoria Island, Lagos.

The award ceremony which is an annual event honours distributors and key transporters of the brewing company who excelled in the course of their business partnerships in the last year.

Vendor files petition with AG against Nigerian Breweries

Nigerian Breweries Plc (NB) said on Tuesday that one of its former petroleum vendors has filed a petition with the Attorney General of the Federation against some members of its management.

In a released statement signed by NB’s Corporate Affairs Adviser, Kufre Ekanem, the company said that TMDK oil Traders, a vendor who had been under a three year contract to supply petroleum products to the company had filed a petition with the Attorney General of the Federation and the Minister of Justice.

NB fights back as law enforcement operatives search for syndicate behind fake Amstel Malta videos

Nigerian law enforcement agencies have begun a massive hunt for the people behind attempts to smear the image of Amstel Malta, a premium low sugar malt drink made by Nigerian Breweries Plc.

This follows a recent discovery of several attempts by unknown faces to damage the brand’s image by creating a video showing the presence of foreign object in the famous malt drink.