Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Beer

Beta Glass names Ayobami Adebisi as new Company Secretary

Beta Glass Plc announced on Thursday the appointment of Ms. Adebola Ayobami Adebisi as its new Company Secretary effective 5 July 2018.

According to the company, Ms. Adebisi will replace Ms. Y. Titi Talabi.

Beta Glass sees growth acceleration continue in the second quarter

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

Champion Breweries posts 7% profit decline in half year as costs rise

Champion Breweries plc, said that net profit for the six months to the end of June 2018 fell by 6.53% to N80.5m from N86m in the same period in 2017.

The Akwa Ibom based brewer blamed the decline on rising cost of selling and distribution expenses, which rose 95% in the period to N347m. The second quarter saw a 127% spike in selling and distribution cost to N226m.

Int’l Breweries sustains sales growth in first half despite loss

International Breweries Plc, the Nigerian subsidiary of AB InBev has seen its losses widen in the first half of 2018 to N2.8bn, from N2.2bn in the first quarter.

The loss came despite a strong revenue boost of N53bn in the first half.

AB InBev to build new brewery in Mozambique, set to open new Nigerian brewery

AB InBev has announced it will start the construction of a new brewery in Mozambique in the second-half of 2019, putting it in direct competition with rival Heineken N.V. which announced in December it will build a $100 million brewery in the Southern African country.

The Belgian-based brewer said that the new facility will produce about 2-million hectoliters of beer a year, but declined to disclose the size of the investment. However, it noted that the land acquired for the project would be big enough for further expansion in the future.

Heineken agrees to Cross-Shareholding deal with China Resources

Heineken N.V has agreed to sell its China business to China Resources Beer Holding Company Limited (CRH Beer Ltd) in exchange for a 40% stake in the company. CRH Beer is the parent company of CR Beer, China’s largest beer company and maker of popular Snow beer in China.

The $3.1bn investment will give Heineken a strong local partner in a market where it has struggled to break into ever since entering the market in 1983.

FBRA, Lagos State partner on plastic waste clean-up and recycling

The Food and Beverage Recycling Alliance (FBRA), a group made up Coca-Cola Nigeria Limited, Nigerian Bottling Company, Nestle Nigeria plc, Seven-Up Bottling Company and Nigerian Breweries Plc has announced a partnership with the Lagos State government, through its Ministry of Transportation, to rid the states waterways of plastic and packaging waste.

Nigerian Breweries records 22% profit decline in half year as new tariff regime, weak sales, currency headwinds impacts sales

Nigerian Breweries Plc has said that the impact of the new excise duty rate on alcohol has shaved-off 22% from its net profit for the first six months of the 2018.

The company best known for its Star Lager beer said that profit after tax fell to N18.4bn, from N23.7bn earned in the first half of 2017. The impact was felt more in the second quarter when net profit dropped 33% to N8.22bn, from N12.3bn in the prior year.

Guinness Nigeria announces Board approval of Baker Magunda as new Managing Director

Guinness Nigeria Plc, announced on Thursday that its Board of Directors has approved Mr Baker Magunda as the company’s new Managing Director / Chief Executive Officer with effect from 1st July 2018.

Mr Peter Ndegwa, the company’s former Managing Director / Chief Executive Officer, gave his notice of resignation on 30th June 2018 and the Board accepted his resignation on the same date.

Nigerian Breweries announces Board Resignations and Appointments

Nigerian Breweries Plc, a subsidiary of Heineken N.V on Monday announced major changes to its Board of Directors with several resignations and appointments.

Board Resignations

Mr Mark Rutten, the company’s Finance Director resigned from the Board effective the close of business on the 27th of July, 2018, having completed his internationalization assignment. He joined the Board of Directors on the 1st of August 2014.