Tag Archives: Nigerian Breweries

Nigerian Breweries posts further profit decline in Q1 as new excise duty rate increase bites

Nigerian Breweries Plc, on Wednesday reported a net profit decline of 21.3% for the first quarter of 2019, impacted by the new excise duty rate increase that came into effect in June. Net earnings fell to N8bn from N10.2bn earned in the same period in 2018.

Excise duty rate increased by 48.2% from the same period in the previous year thus shaving-off N8.1bn from sales revenue as compared to N5.5bn. Total Net Revenue grew by 3.3% to N82.3bn from N82.9bn in 2018.

Former Barcelona captain Puyol wraps up his Nigeria Tour amid fanfare

The three-day UEFA Championship tour which brought former Barcelona defender Carles Puyol to Nigeria came to an end on Thursday, 18th with a lush party at the Cubana, Lagos.

The event attracted celebrities who came out to honour Puyol, the Spanish football icon and former captain of the Barcelona Football Club, who had been in Nigeria since the 16th for the coveted UEFA Champions League Tour presented by Heineken.

Nigerian Breweries seeks N15bn short-term funding through Commercial Paper Programme

Nigerian Breweries Plc on Thursday announced the issuance of a N15bn Commercial Paper (CP), part of the company’s N100 billion commercial paper programme to support its short-term funding.

The company is offering 90-day and 182-day Commercial papers to investors with a view to raising short-term funds for its operations. The 90-day CPs carry effective and discount yields of 11.590 per cent and 11.2680 per cent respectively while the 182-day CPs carry 14.430 per cent and 13.4614 per cent respectively.

Nigerian Breweries cleared of environmental degradation in Kaduna

The Kaduna State Environmental Protection Agency (KEPA) has expressed satisfaction with Nigerian Breweries Plc Kaduna plant’s safety standards after an inspection of the plant.

Southern indigenes of Kaduna State under the aegis of Arewa Youth Movement for Good Governance (AYMGG) had complained to the State Government and other relevant authorities to come to their aid and save them from the discharge of harmful toxic wastes into the environment by the brewing company.

Kaduna indigenes seek redress over toxic fumes, unfair labour practices at Nigerian Breweries

Indigenes of Southern Kaduna under the umbrella name Arewa Youth Movement for Good Governance (AYMGG) have called on the State Government and other relevant authorities to come to their aid to save them from toxic fumes coming from the production facility of Nigerian Breweries Plc (“NB”).

The group accused the brewing company’s Kaduna production plant of sending out toxic odour into the environment which has endangered the lives of residents of Makera, Kaduna South local government area.

Ex Barcelona great, Carles Puyol to tour Nigeria

Heineken has revealed that Spanish football legend and Champions League winner, Carles Puyol will be touring Nigeria as part of the UEFA Champions League Tour as presented by Heineken.

The UEFA Champions League Tour as presented by Heineken will see both the football legend and the iconic cup travel to various cities across the country between April 16th and 18th as part of Heineken’s commitment to delivering premium experiences to consumers and football lovers.

The tour will be a three-day experience that will feature exclusive encounters in Lagos and Uyo and an unmissable match to be played by select consumers and the Spanish superstar, Puyol.

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.

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.

Nigerian Breweries to power Ibadan Brewery with solar power, first of its kind in Africa

Nigerian Breweries Plc (NB) and CrossBoundary Energy are today announcing the signing of Heineken’s first solar project in Africa. CrossBoundary Energy will be installing and operating a 650 kW solar plant located at NB’s Ibadan Brewery, the solar energy plant will become operational in 2019.

Nigerian Breweries releases statement on lawsuit filed against it by the Nigerian Copyright Commission

Nigerian Breweries Plc on Monday released a statement on a pending legal case brought against it by the Nigerian Copyright Commission (NCC). The company stated that it was defending the action filed against it and its former Managing Director/Chief Executive Officer, Mr Johan A. Doyer, by the NCC. The case is pending at the Federal High Court in Abuja.

According to the company, the case is not new as it was instituted in October, 2017 by one Mr Paul Allen Oche, who is laying claims to the copyright supposedly contained in a book he “wrote” and which book has, as part of its title the Amstel Malta trademark which is well known as one of the brands in the company’s portfolio.