Daily Archives: October 25, 2019

AB InBev reports revenue and profit growth in 9-months despite lower beer volumes

Hero lager

Anheuser-Busch InBev reported revenue and profit growth in the third quarter and nine months to the end of September despite volume declines.

Revenue in the third quarter grew by 2.7% to $13.1bn but fell by 4.8% in the nine months to $39bn, helped by ongoing premiumization and revenue management initiatives, but held back by advances in smart affordability strategy.

Brewers groan under the weight of excise duty increase amid revenue and profit declines


Brewers in the country have called on the Federal Government to review its position on the excise duty increase that took effect in June 2018 as it is severely impacting their operations.

As quarterly results trickle in, one complaint has remained constant, the impact of the new excise duty on revenue and profits.

Nigerian Breweries honours journalism, reiterates commitment to women

Nigerian Breweries logo

Nigerian Breweries Plc has shown appreciation to its esteemed press team as by organizing a media meeting in Lagos recently.

Speaking during the meeting, Sade Morgan, the company’s head of corporate communications, said understanding the value of friendship is what Nigerian Brewery has always craved for.

Int’l Breweries restates commitment to quality, Eco-friendly operations as it marks one year anniversary of Gateway Brewery

Gateway Brewery, Sagamu, Ogun State

International Breweries Plc, the AB InBev subsidiary in Nigeria has restated its commitment to serve Nigerians quality beverages from the world-class breweries it owns in – Ilesha, Osun State, Gateway in Ogun State, Port Harcourt, in Rivers State and Onitsha, in Anambra State.

The company’s Legal and Corporate Affairs Director, Michael Daramola, gave the assurance while on a tour of its Gateway Brewery marking its one-year anniversary.

Unease in Zaria over bill to ban sale, consumption of alcohol

spirits, wine and beer

There was fear on Thursday as the Sabon Gari Local Government Area in Zaria, Kaduna State proposed a bill to ban the sale and consumption of alcohol within the local government area.

The hearing on the proposed bill to outlaw the sale and consumption of alcohol took place at the Sabon Gari Local Government secretariat where tensions were high.

Sabon Gari is an area in Zaria, Kaduna State reserved for non-natives.