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

International Breweries gives reasons for late filing of 2018 results

International Breweries Plc, the Nigerian subsidiary of global brewing company AB InBev announced on Tuesday the reasons for the delay in release of its 2018 full year results, before the regulatory due date of 31 March 2019.

In a statement released to the Nigerian Stock Exchange (NSE), the brewer said that the late filing is occasioned by the follow-up activities to the merger with its sister companies which was concluded in December 2017, adding that integration processes are still ongoing. Also, the appointment of a new External Auditor in compliance with the Securities and Exchange Commission’s Code of Corporate Governance for Public Companies, 2011 (SEC Code) regarding the 10-year tenure for External Auditors added to the delay.

Tiwa Savage joins the Star family; becomes first female Star Brand Ambassador

Music sensation Tiwa Savage has been unveiled as brand ambassador for Star Radler. The announcement was made at a special event hosted at Muri Okunola Park, on the 29th of March, 2019.

She becomes the first female to officially represent the beer brand, as she joins an elite group of superstars to be associated with Star.

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

NUFBTE urges beverage firm not to engage expatriates

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) President, Comrade Lateef Oyelekan, has advised the management of La Casera Company not to allow foreign workers take over positions that are meant for Nigerians.

The union boss gave the advice when the new Managing Director of The La Casera Company, Mr. Chinedum Okereke, visited NUFBTE executives in Lagos.

Court rules Sales Promos are governed by Lottery Commission

A Federal High Court in Abuja has dismissed a suit filed by the Nigeria Employer’s Consultative Association (NECA) and Nigerian Breweries Plc (“NB”) against the National Lottery Regulatory Commission (NLRC) on whether sales promotions operated by companies are regulated by the lottery commission.

A statement in Lagos on Wednesday said NECA and Nigerian Breweries had on November 15, 2018 dragged the NLRC to court, asking it to determine certain issues regarding the power of the commission in regulating sales promotion and others.

Guinness Nigeria, WaterAid commission ‘Water of Life’ project in Kebbi State

Guinness Nigeria Plc, a subsidiary of Diageo as part of its ‘Water of Life’ project partnered with WaterAid to provide a solar powered water facility in the D’ka community of Wasagu LGA, Kebbi State with the ultimate goal of ensuring sustainable access to water, sanitation and hygiene, while helping people take action to improve their health and well-being.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

AB InBev UK rebrands with name change

Anheuser-Busch InBev (AB InBev) has announced a name change in the UK to Budweiser Brewing Group UK&I. AB InBev which has a long list of strong internationally recognizable brands including Stella Artois, Budweiser, Corona, Michelob Ultra, Bud Light, Beck’s, among others said that it decided on Budweiser because it is the company’s most globally recognizable brand, according to an emailed statement.

International Breweries celebrates distributors, trade partners at Gala night

International Breweries Plc, the Nigerian unit of Anheuser-Busch InBev recently hosted its distribution partners across the country to a gala night at the Sheraton Hotel, Lagos. The event was an opportunity for the company’s distributors, trade partners and other key stakeholders within the distribution value chain to exchange ideas, as well as deepen business relationships. It also provided the company an opportunity to fete and commend the performance of the distributor partners, with those who had excelled in their performance in the recent financial year, winning delectable prizes.

Champion Breweries ends year with a loss

Champion Breweries Plc on Thursday reported a net loss of N264m for the full year 2018.

The Akwa Ibom-based brewer said that its business experienced flat sales growth amid rising costs. Total sales declined tepidly by 0.28% to N4.8bn amid a jump of 143% in administrative expenses to N962m.

A similarly 27% spike in Selling & Distribution expenses to N529m from N417m in the previous year also added to the brewer’s woes, leading to an operating loss of N224m.