Tag Archives: Nigerian Breweries

Nigerian Breweries wins Consumer Goods Award for the Breweries Sector

Nigerian Breweries Plc, was recently awarded the 2017 Sectoral Leadership Award in the ‘Breweries Category’.

The Performance Earnings and Returns Leadership (PEARL) Awards recognizes and rewards publicly quoted companies for outstanding operational and stock performance in order to enhance the vibrancy, growth and development of the capital market. Criteria for the PEARL Awards are based on verifiable indices, facts and figures published in the Nigerian Stock Market Annual (NSMA).

While commenting on the award, Corporate Affairs Adviser, Nigerian Breweries Plc, Kufre Ekanem, stated: “We view this award as recognition of our previous performances and as our call to duty to keep delivering value.

Striking workers in Food and Beverage sector suspend strike following mediation by Labour Ministry

Workers in the nation’s food and beverage sector called-off their strike on Wednesday following an intervention by the Federal Ministry of Labour and Employment to mediate between the warring groups.

The strike which began on Monday when members of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB) downed their tools to protest their inability to reach a new collective agreement on wages and other fringe benefits with the employer’s association, the Association of Food, Beverage and Tobacco Employers (AFBTE). Members of FOBTOB were seeking among other things an upward review of their salaries by 20% instead of the 14% agreed to by AFBTE.

Trade Union Congress blames employers in food & beverage sector for strike as it enters day 2

Trade Union Congress of Nigeria (TUC) yesterday blamed the ongoing strike in the food and beverage sector on the employers under the aegis of Association of Food, Beverage and Tobacco Employers (AFBTE).

The strike which is in its second day has grounded activities in the food and beverage sector.

Food, Beverage and Tobacco workers to embark on Strike

Workers in the food, beverage and tobacco sector are set to begin a nationwide strike at the stroke of midnight Monday over what the workers say is a “failure by employer’s body to review salary.”

According to the President of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), which is the umbrella organization for the workers, Mr. Quadri Olaleye and its General Secretary, Solomon Iji, said on Monday that they had signed a letter urging members in the multinational companies to embark on a nationwide strike to press home their demands.

Nigerian Breweries names new Managing Director, others to the Board

Nigerian Breweries Plc (“NB”), announced on Monday the appointment of Mr. Jordi Borrut Bel as its new and substantive Managing Director, replacing Mr. Johan A. Doyer who has been the Managing Director on an interim capacity since 16th June 2017. The appointment is effective 22nd January 2018.

Nigerian Breweries raises the stakes; launches ‘Stella Lager’ for the premium beer market

Nigerian Breweries Plc, on Wednesday unveiled a new premium Lager beer, “Stella”, to give new energy to the consumer beer market.

The launch which took place at the Grand Ballroom of Eko Hotels & Suites, Victoria Island, Lagos, was graced by a room full of key stakeholders and consumers including representatives from the brewer itself, including its Marketing Director, Franco Maria Maggi; Sales Director, Hubert Eze; Portfolio Manager, Premium Lager Brands, Tokunbo Adodo; and Brand Manager Global Brands, Oreoluwa Kolawole, amongst others.

Nigerian Breweries mulls major changes to its Board as beer war looms

Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors.

In a letter sent to the Nigerian Stock Exchange (NSE) on Friday, the company said that “One of the items on the agenda is a proposal for changes in the composition of the Board of Directors (“Board”) of the company.”

Nigerian Breweries, FRSC kick-off Annual Don’t Drink and Drive Campaign at Lagos Motor Park

Nigerian Breweries Plc said it will continue to support the annual ‘Don’t Drink and Drive’ campaign as part of its contribution to ensuring safe driving on the nation’s roads and keeping road users alive to contribute to the development of the country.

The company’s Managing Director, Mr. Johan Doyer, who was represented by the firm’s Corporate Affairs Adviser, Mr. Kufre Ekanem, made this known in Lagos on Wednesday at a mega rally organized by the company for the DDD campaign at the Ojota New Garage.

Focus on improving efficiencies lifts Nigerian Breweries nine-Month results

Nigerian Breweries Plc (“NB”), the country’s largest brewer said on Thursday that sales for the nine-months to September ending grew 14% to N255bn ($700m). In the same period in 2016, the firm recorded revenue of N223bn ($614m).

The company which is a unit of Amsterdam-based Heineken N.V. said that changing market dynamics resulted in increased costs and expenses. The firm’s cost of sales jumped 18.1% in the nine months to September and 15.2% in the third quarter alone. While the company’s overall net finance cost dropped 23%, it spiked 47% in the third quarter to N2.6bn ($7.1m) resulting in a 75% drop in third quarter profit.

Heineken to support 2017 Lagos Fashion Design Week

Heineken has said that it is supporting the 2017 edition of the Lagos Fashion and Design Week. The event showcases Africa’s rich fashion and designs by bringing together the best designers across the continent.

Founded by Style House Files, the LFDW leads the way with initiatives that support, strengthen and develop the fashion industry. Connecting with over 20 million Pan-African insiders, it features runway shows, fashion business series, fashion focus talks, and the #HLFDW after party. This year’s events will feature an exciting four-day line up with the theme, “Africa: Shaping Fashion’s Future”