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

Champion Breweries appoints Georgios Polymenakos as new Managing Director

Georgios Polymenakos

Champion Breweries Plc has announced the appointment of Mr Georgios I. Polymenakos as its new Managing Director.

The appointment follows the resignation of Mr Patrick Ejidoh as Managing Director, who reached retirement age after 32 years of an illustrious career with Nigerian Breweries Plc.

Mr Ejidoh is credited with ushering the company into the path of growth and profitability.

Int’l Breweries closes N165bn rights issue

beer

International Breweries Plc (“IB PLC”) announced on Sunday that its N165bn rights issue will close on Tuesday 24th December 2019.

In a statement from the brewing company, it said that it has received the express approval from its shareholders and relevant agencies of government including the Security and Exchange Commission.

The application list for its rights issue was first launched on 5th December 2019. The exercise will see Anheuser-Busch InBev, the majority shareholder in IB Plc invest an additional N124bn ($341m) in the Nigerian subsidiary.

Guinness Nigeria unveil new football campaign, re-signs football great Rio Ferdinand as brand Ambassador

Guinness Night Football

Guinness Nigeria Plc said it has re-signed football great Rio Ferdinand as brand ambassador for a second season as it unveils a new football campaign.

In a statement, the company said that the campaign was on the Guinness Night Football, which would feature a series of diverse and immersive football experiences.

Beta Glass management pays courtesy visit to Minister of Industry, Trade and Investment

Beta Glass Guinea Plant, Agbara, Ogun State

Beta Glass Plc has reiterated its commitment to completing its $30m furnace capacity at its Agbara, Ogun State plant on schedule in June 2020.

The Chairman of Beta Glass, Otunba Abimbola Ogunbanjo, said this during a meeting with the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, CON in Abuja, on Tuesday, December 10, 2019.

Int’l Breweries names new MD, Finance Director; Degroot, Momoniat to depart at year end

International Breweries brand - Hero Lager

International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has announced the resignation of its Managing Director, Annabelle Degroot and Finance Director Mr Zuber Momoniat effective 31 December 2019.

In a statement released by the company, it said that Degroot will be moving into a new role in Europe within the AB InBev Group.

Yemi Osinbajo commends International Breweries Foundation’s Kickstart programme

International Breweries Kickstart Programme

Vice President Yemi Osinbajo has lauded International Breweries Foundation, the social investment vehicle of International Breweries Plc, for awarding grants of over N73 million to 90 deserving young entrepreneurs through its Kickstart initiative. The landmark award ceremony took place on Thursday, 28 November 2019, at the Edmark Centre in Lagos.

Star Lager gets a new look

Star lager new loook

Star Lager, the flagship beer brand of Nigerian Breweries Plc has launched an all-new label and great taste.

The new Star lager was unveiled at the first “Access the Stars” concert which first took place in Abeokuta and at a second concert in Lagos.

According to the brand handlers, this change in label further cements Star Lager Beer as a market leader in the beer industry and adds to the long list of achievements to be celebrated as the beer brand turns 70.

Danish firm FOSS Analytical partners Nigerian firm PAGI to boost food production and safety

Foss Analytical Business

FOSS Analytical Business, a leading manufacturer of innovative high-end analytical instruments from Denmark has partnered Prime Atlantic Global Instruments Ltd (PAGI), an indigenous firm to boost production, food safety and chemical analysis.

The launch of the partnership between FOSS Analytical Business and PAGI took place in Lagos on Monday.

Speaking at the launch, Mr Michael Moller, the Area Sales Manager of FOSS, said that the decision to partner with Prime Atlantic Global Instruments Ltd. (PAGI), a Nigerian company, was because of professionalism.

Budweiser rewards employees, trade partners

Budweiser

Budweiser, a premium brand of International Breweries Plc, a proud member of the AB InBev family has concluded plans to sponsor top-performing sales staff and distributors to watch select European Premier League matches as a way of rewarding and appreciating them for their hard work and commitment.

The company is rewarding a total of 54 persons for their performance in the recent financial year and to encourage them to do better.

AB InBev set to inject N123bn in Nigerian operation

International Breweries logo

Anheuser-Busch InBev (AB InBev) is said to have committed to investing more than N123bn in its Nigerian operation.

According to a report by the Nations’ Newspaper, sources at the weekend said AB InBev was in support of the rights issue planned by International Breweries Plc, its Nigerian subsidiary and had committed to participating fully in the new capital raising exercise.

The capital raising comes on the heels of growing debt at the brewing company as it seeks to grow its presence in the Nigerian beer market and take market share from its rivals, Nigerian Breweries Plc and Guinness Nigeria Plc. The company recorded a net loss of N4bn in fiscal year 2018 and the losses have continued into the first-nine months of 2019, recording N16.4bn in net loss.