Daily Archives: April 24, 2018

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.