Daily Archives: August 5, 2016

Nigeria’s downturn leading to value brand switch, warns Heineken

Heineken said on Tuesday that the current economic slump in Nigeria is making beer drinkers switch to cheaper brands. “Nigerian consumers are still drinking beer,” the brewer acknowledged, but is concerned many are moving away from premium to value brands as families struggle in the face of a slowing economy and recovering from the effects of the recent currency devaluation.

FX woes push International Breweries to first quarter loss


International Breweries Plc on Thursday reported a net loss of N1.7bn for the first quarter of 2016/2017 fiscal year, a drop from last year when the brewer recorded N421m in profit.

FG Partners Nigerian Breweries on Annual Maltina Teacher of the Year Award

The Federal Government has indicated an interest in partnering with programme organizers of the annual Maltina Teacher of the Year Awards, Nigerian Breweries Plc.

The government said the partnership would be formalized through the signing of a Memorandum of Understanding (MoU) to strengthen the programme and ensure its sustainability.