Tag Archives: Nigerian Breweries

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).

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.

Heineken introduces limited edition world labels in Nigeria

Heineken brand, the world’s most international premium lager beer has launched a limited edition world label in the Nigerian market. The initiative which is billed to run from June 2018 to 31st August 2018 is meant to celebrate the brand’s presence in 192 countries.

Star Lager unveils ‘Limited Edition’ bottles in support of the national team

Star Lager Beer, the official beer of the Super Eagles, has officially launched limited edition bottles of the famed brand wrapped with a new refined look that looks like the much-celebrated Super Eagles jersey.

The football inspired bottles carry the bold Star crest with a backdrop of green and white on the front, representing the colours of Nigeria and the national team.

Phyno becomes new Brand Ambassador for Life Lager

Phyno has signed to become the new brand ambassador for Life Continental Lager beer.

The music crooner joins Flavour N’abania as brand ambassadors for the beer produced by Nigerian Breweries Plc.

The deal which was signed on 31st May 2018 at the brewer’s corporate headquarters in Lagos will see the new brand ambassador featuring in Life Continental Beer advertising and marketing campaigns and will also make special appearances at events.

Manufacturers Association unveils new responsible drinking campaign

beer

The Manufacturers Association of Nigeria (MAN) has increased its responsible alcohol drinking campaign with the launch of the third phase of the crusade by its Beer Sectoral Group (BSG), which is made up of leading brewing companies in Nigeria such as Nigerian Breweries Plc, Guinness Nigeria Plc and International Breweries Plc operating in 17 locations in various parts of the country.

Nigerian Breweries ‘uncages’ Tiger Lager as competition heats up in the nations’ beer market

Nigerian Breweries Plc (“NB Plc”), on Friday, 27th April 2018 unveiled Tiger Lager into the Nigerian market, heightening competition in the nation’s beer market.

The brand which is an International Premium (“IP”) Asian beer will be paired up with Heineken’s own brand Lager beer as Nigerian Breweries assembles its best performing global premium beers to defend its turf in what appears to be a beer war against AB InBev’s International Breweries Plc, who last weekend launched Budweiser beer into the market.

Nigerian Breweries blames falling beer sales on low consumer demand

Nigerian Breweries Plc, on Monday reported a 9% drop in first quarter sales (Jan – March) to ₦82.9bn ($230 million) from ₦91.2bn in 2017.

The brewing giant said that consumer spending has yet to recover despite signs of improvement in the country’s macroeconomic conditions.