Tag Archives: Nigerian Breweries

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.

Heineken boosts its brand identity with launch of new Crown Cork

Heineken, the world’s premier international beer brand on Monday announced an innovation to boost its brand identity with an alluring all-green crown cork.

The Marketing Director, Nigerian Breweries Plc, Emmanuel Oriakhi, made the disclosure at a news conference in Lagos.

According to him, the innovation still has the great taste of Heineken in every bottle, the same quality and the same price.

“There is no fake Heineken in the market. Heineken is an international premium beer and associated with quality and thus, the need to take it to the next level.

Nigerian Breweries restates commitment to education, agriculture, healthcare, others

Nigerian Breweries Plc has restated its commitment to making an impact in education, agriculture, health and the environment in the communities in which it operates as well as across the country.

This was made known by the company’s Corporate Affairs Director, Sade Morgan, during a media briefing at the weekend. She added that Nigerian Breweries is a socially responsible corporate organisation with a good track record of corporate social initiatives.

Morgan said that the company’s Corporate Social Responsibility (CSR) since its founding in 1946 is driven by a vision to always “Winning with Nigeria” and that over the years, NB Plc has been very active in supporting national development aspirations in line with that vision.

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.