Tag Archives: AB InBev Nigeria

Int’l Breweries unveils new N90bn brewery in Sagamu

International Breweries Plc, has commissioned its N90bn ($250m) state-of-the art brewery in Sagamu, Ogun State.

The brewer which is the Nigerian subsidiary of Anheuser-Busch InBev has promised to create 600 direct and over 2000 indirect jobs along the value chain.

Nigeria’s President, Muhammadu Buhari, who commissioned the plant on Tuesday restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) could flow into the country.

International Breweries sets August 28th for commissioning of newly built Sagamu brewery

International Breweries Plc (“IB plc”), the Nigerian unit of Anheuser-Busch InBev has announced Tuesday, August 28 as the date it will commission its newly built brewery.

The new brewery which was constructed at a cost of US$250 million will be commissioned by Nigeria’s President, Muhammadu Buhari.

Golden Guinea drags Pabod Breweries to court over alleged trademark infringement

Golden Guinea Breweries, the Umuahia, Abia State-based brewer on the cusp of making a comeback to the nation’s beer market has filed a lawsuit at a Federal High Court against Pabod Breweries Limited, a subsidiary of AB InBev.

The suit seeks N10bn general damages from Pabod for alleged infringement of Golden Guinea’s trademark for the production of Eagle Stout.

IB Plc teams up with Lagos State Government to bring live viewing centres of FIFA World Cup to residents

International Breweries Plc, the Nigerian subsidiary of Belgian brewer AB InBev said it has partnered with the Lagos State Government to bring the remaining live matches of the ongoing 2018 FIFA World Cup to Lagosians.

The firm is sponsoring all the viewing centres set up by Governor Akinwunmi Ambode through the Lagos State Sports Commission.

Budweiser Nigeria makes audacious offer; free beer if Eagles make Quarter Finals

Budweiser Nigeria, a brand of International Breweries plc will be celebrating Nigeria’s Russia 2018 World Cup outing with the most daring offer. As part of its global campaign “Light Up the FIFA World Cup,” the brand is challenging the national team to make it to the world-cup quarter finals and the drinks would be on the house. Every Nigerian gets a free beer.

To be a part of this excitement, fans are asked to go to Budweiser Nigeria’s Twitter page @BudweiserNG and visit www.freebudforeverynigerian.com. Once on the site, you can register to get your unique QR code for redeeming your free beer at any Spar outlet nationwide.

Budweiser unveils ‘Light Up the FIFA World Cup’ campaign

Budweiser, a brand from the stables of International Breweries Plc, a subsidiary of Anheuser-Busch InBev, the Official Beer of the 2018 FIFA World Cup, on Tuesday launched its new global campaign “Light Up the FIFA World Cup.”

The major highlights of the campaign feature drones delivering bottles of cold Budweiser to fans across the world in what the company refers to as “the largest beer delivery to date”.

International Breweries reports first quarter loss despite strong revenue growth

International Breweries Plc, the Nigerian unit of Belgian brewer Anheuser-Busch InBev (AB InBev) reported ₦2.2bn in net loss for the first quarter of 2018 ending in March.

The brewer blamed the loss on rising costs including skyrocketing foreign exchange loss which grew by 310% to ₦158 million. Administrative expenses and net finance cost rose by 300% and 367% respectively to ₦6.3bn and ₦3.6bn. Cost of sales also grew 227% to ₦16.8bn, in part driven by FX and the FX impact on financing cost which led to the record ₦2.2bn loss.

Budweiser debuts in Nigeria amid splendour

Budweiser, a beer brand from the stables of International Breweries Plc, the local unit of Belgian brewer, AB InBev finally made its entry into the Nigerian market amid splendour and pomp.

The ceremony which took place at the famous Landmark Towers in Victoria Island, Lagos on Saturday, 14th April 2018 was well attended by personalities from the entertainment industry and guests.

International Breweries sees higher revenue and earnings growth at year end

International Breweries Plc (IBPlc) reported a 12% growth in revenue for the nine months to the end of December 2017. Sales grew to ₦36.5bn from ₦32.7bn in the previous year.

Cost of sales rose 30% in the period to ₦22.86bn from ₦17.5bn, impacted by a 33% increase in net finance cost to ₦6.9bn. Administrative costs also weighed on the firm’s earnings, rising 117% to ₦4.5bn from ₦2bn in the preceding year.

AB InBev commits to affordable beer brands for Nigerian consumers

Beer giant AB InBev has said it will serve Nigerians with various beer brands at affordable prices.

The Marketing Manager of AB InBev, Mr. Arne Bruse disclosed this at a conference held at the Radisson Blu Hotel in Lagos. He said that consumers of beer will be able to buy some of the company’s beer brands at about ₦100 to ₦150.