Cream Liqueur sees growth with new players, more flavours

Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »

Category Archives: Beer

Nigerian Breweries bolsters safety around facilities to protect staff against Corona Virus

April 05, 2020   Editor   No comments
Sade Morgan

Nigerian Breweries Plc has stressed the importance of safety and security of its staff. The brewing company made this claim when its Corporate Affairs Adviser, Sade Morgan spoke to newsmen over the weekend.

“At Nigerian Breweries Plc, safety is a key priority for us at this point in time. Since the outbreak, we took proactive measures to ensure that our employees are protected during this difficult period.

“Personal safety and security of our staff are of utmost priority to us. We have in place a work safety programme for those on essential services,” she said.

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EABL to increase stake in Tanzania’s Serengeti Breweries

April 04, 2020   Editor   No comments
serengeti Breweries logo

Kenya-based East African Breweries Limited (EABL) has announced plans to increase its ownership in Serengeti Breweries Limited (SBL) based in Tanzania to 85% from 55%.

In a statement, the company said “EABL intends to enter into a conditional transaction to purchase an additional 30% shareholding in Serengeti Breweries. Completion of the transaction is subject to various regulatory approvals in Kenya and Tanzania.”

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Nigerian Breweries unveils Series 7 and 8 of Commercial Paper Programme

April 03, 2020   Editor   1 Comment
Nigerian Breweries logo

Nigerian Breweries Plc announced on Thursday the continuation of its Commercial Paper Programme with the launch of N48bn Series 7 and 8 of the programme which is set to open on the 6th of April, 2020.

In a statement, the company said that while Series 7 would be for a tenor of 182 days, Series 8 would be for 270 days, and the aim is to raise up to N48 billion to support the Company’s short terms funding needs.

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Peterside resigns from Nigerian Breweries Board

April 03, 2020   Editor   No comments
Nigerian Breweries corporate Headquarters in Iganmu, Lagos

Nigerian Breweries Plc has announced the resignation of Mr Atedo Peterside from its Board of Directors.

In a statement, the brewing company said that Mr Peterside tendered his resignation to focus on the Anap foundation Covid-19, a Think Tank he formed following the outbreak of the Corona Virus pandemic in Nigeria.

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Champion Breweries post strong profit growth in full year, driven by surge in sales

March 18, 2020   Editor   No comments
champion breweries logo

Champion Breweries Plc reported strong profit growth for the full year 2019. The company’s profit rose to N169m from a loss of -N264m in the previous year, driven by a 45% rise in revenue.

Gross profit jumped by 62% to N1.92bn reflecting the strong revenue growth.

Selling and distribution expenses surged by 47% to N778m, helping boost revenue and profit.

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Nigerian Breweries marks International Women’s Day; calls for gender balance

March 16, 2020   Editor   No comments
International Women's Day 2020

Nigerian Breweries Plc, the nation’s largest brewer celebrated International Women’s Day on March 9, 2020 at its corporate headquarters.

As part of activities commemorating the event, it organized a symposium at its headquarters, which was livestreamed across nine of its brewery locations and business units.

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Nigerian Breweries fetes trade partners at 2020 Distributors Award

March 01, 2020   Editor   No comments
Nigerian_breweries_2020_distributors_award

Nigerian Breweries Plc has restated its commitment to business partners across the country. The brewing company made this known when it held its 2020 Distributors Award ceremony on Friday, 21 February 2020 at the prestigious Eko Hotel and Suites in Lagos. The event honoured and rewarded the company’s outstanding trade partners who excelled in 2019.

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Nigerian Breweries ends year with lower profits

February 27, 2020   Editor   No comments
beer

Nigerian Breweries Plc reported yet another decline in profit for the full year 2019. The company said that profits fell by 17% to N16.1bn from N19.4bn in 2018. It would be the eight consecutive quarterly declines by the company.

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Heineken reports strong growth in 2019

February 24, 2020   Editor   No comments
heineken beer

Dutch brewer Heineken NV said that profits increased by 13.2% in 2019 to €2.2bn from €1.9bn in the previous year, helped by robust pricing and focus on premiumisation.

Net revenue in the period was up 6.6% to €23.9bn, with total beer volume growth of 3.1%, driven by South Africa, Russia, Mozambique, Nigeria and the Democratic Republic of Congo (DRC).

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Beta Glass ends year with higher sales and profit

February 17, 2020   Editor   No comments
glass bottle manufacturing

Beta Glass Plc reported higher sales and profit for the full year ended 31 December 2019.

The glass bottle maker said that sales grew by 12% to N29.4bn from N26.3bn in the previous year. Cost of sales rose by 9% to N22bn.

Selling and administrative expenses saw a modest increase of 19% and 5% respectively.

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