Tag Archives: Nigerian Breweries

Goldberg Lager gets a new look

To sustain the spirit of celebration and cultural heritage, Goldberg, the premium quality beer which has become a cultural staple for pleasure-seekers for years, today, launched a new golden look that speaks to its respected status in the beer community as a cultural symbol.

With its refined, classy look, Goldberg was relaunched on August 9, 2019 at the finale of the brand’s talent hunt show, Ariya Repete, at the Ikeja City Mall, Lagos with the theme, “The Mark of Respect.”

Nigerian Breweries profits continue to fall amid tepid drop in sales

Nigerian Breweries Plc reported a net drop in profit of 28% for the first six months of 2019 ending on 30th June. Profits fell to N13.3bn from N18.4bn in the previous year. The drop accelerated in the second quarter with the company recording a 36% decline in earnings to N5.3bn from N8.2bn.

Legend Extra Stout unveils new 45cl bottle as it seeks to broaden its product offering

Legend Extra Stout, a leading stout brand from the stable of Nigerian Breweries Plc has introduced a new 45cl bottle as it seeks to expand its market penetration.

The unveiling took place at a special celebration ceremony at Radisson Blu, Ikeja, Lagos on Friday, July 12, 2019.

The event which was tagged the “Power Of 45” attracted hundreds of guests and consumers as they got a chance to get a first look at the new product offering.

Nigerian Breweries to list N15bn CP on FMDQ

Nigerian Breweries Plc has said it will list its ongoing N15 billion Commercial Papers (CP) issuance on the FMDQ OTC Securities Exchange to provide investors opportunity to trade on their holdings.

The firm is offering 90-day and 182-day CPs to investors with the aim of raising N15bn short-term funds for its operations.

Nigerian Breweries launches Series 3 and 4 of Commercial Paper Programme

Nigerian Breweries Plc on Tuesday announced the continuation of its N15bn Commercial Paper Programme with the launch of Series 3 and 4 of the programme which opened on the 24th of June, 2019.

The company noted that while Series 3 would be for a tenor of 91 days, Series 4 would be for 172 days, and the aim is to raise up to N15 billion to support the Company’s short terms funding needs.

Firm threatens Nigerian Breweries with legal action over alleged intellectual property use

An Enugu-based engineering firm, Evanpower Engineering Limited, has accused Nigerian Breweries Plc (“NB Plc”) with reneging on payment of services rendered at its Ama, Enugu Brewery and for use of its intellectual property without compensation. The firm has threatened to go to court if NB fails to pay for the services rendered.

Nigerian Breweries’ brands take home Gold Quality Awards at the 58th Monde Selection Awards

Three brands from the stable of Nigerian Breweries Plc were awarded Gold prizes recently by the prestigious Monde Selection Awards.

The 58th edition of the award ceremony which took place on June 3rd in Rome, Italy were conferred on Gulder, Goldberg and Star Lager respectively. This year, more than 1,000 companies from 90 countries presented no less than 3,000 products to Monde Selection juries. Each product was evaluated individually to establish its global quality profile and grant the product the quality award it deserves.

Nigerian Breweries Toasts Trade Partners at Annual Distributors Award

Nigerian Breweries Plc celebrated its trade partners on Friday as the firm held its 2019 Distributors Award, thanking them for their great performance in 2018.

The company said the gesture was in recognition of the importance of trade partners to its continued growth.

The year’s celebration which was held at the prestigious Transcorp Hilton Hotel in Abuja on Friday, was a platform for Nigerian Breweries Plc to reward outstanding distributors, announce new incentives for its trade partners, as well as receive feedback on its brands and innovations from its trade partners.

Nigerian Breweries plans to raise prices on beer as impact of excise duty hits earnings

Nigerian Breweries Plc said it plans to raise prices on its products to boost revenue and profit as the impact of the new excise duty rate increase hit earnings.

While speaking at the company’s Pre-Annual General Meeting (AGM) on Tuesday, the Managing Director of Nigerian Breweries Plc, Jordi Borrut Bel, said that with the second wave of excise duty rate increase set to come into effect in June 2019, the company needs to increase prices to offset inflationary pressure and the impact the excise duty rate increase would have on the bottom line.

Nigerian Breweries promises improved returns despite challenging operating environment

Nigerian Breweries Plc has assured stakeholders of a positive return on investment in 2019 despite a challenging operating environment for manufacturers.

The brewing giant made this known on Tuesday while briefing the media at its Pre-Annual General Meeting (AGM) held in Lagos.

The company said that the challenging operating environment continued into the first quarter of 2019, similar to what was seen in 2018, but feels strong with its clear strategy to deliver good returns to all of its stakeholders.