Daily Archives: October 25, 2018

Nigerian Breweries appoints Steven Siemer as Non-Executive Director

Nigerian Breweries Plc, announced on Thursday the appointment of Mr Steven Lucien Marie Siemer to its Board as a Non-Executive Director. Mr Siemer is currently the Regional Finance Director for Africa, Middle East and Eastern Europe at Heineken N.V.

He joined the Heineken group in 1990 as Marketing Controller, Heineken Netherlands and has thereafter held senior management and directorate positions within the finance, control, accounting and marketing functions in Heineken operating companies in Spain, Austria, Ireland and the Netherlands.

Heineken sustains growth in Qtr3 as beer volume rise 4.6%

Heineken N.V. said its profits grew 8% in the third quarter to €1.6bn from €1.48bn in the same period in 2017, benefiting from a 4.6% consolidated beer volume growth across all regions.

In a trading update on Wednesday, the Dutch brewer said that its Heineken brand grew 9.2% in beer volume with much of the growth coming from Brazil, Mexico, Vietnam and South Africa.

Guinness Nigeria pays-out ₦4.03bn dividend to shareholders

Guinness Nigeria Plc paid out a total dividend of ₦4.03 billion to its shareholders for the financial year ended, June 30, 2018, translating to a dividend of ₦1.84 per share.

Speaking at the 68th Annual General Meeting of the company, Chairman of Guinness Nigeria, Mr. Babatunde Savage, disclosed that the dividend represented an improvement of 318% compared to a dividend of ₦963.77 million declared in 2017.