Tag Archives: Nigerian Breweries

New video of ‘fake’ Amstel Malta is misleading, says Nigerian Breweries

Nigerian Breweries Plc, makers of a wide range of alcoholic and non-alcoholic beverages has reassured consumers of its Amstel Malta that there are no fakes in the market.

The statement from the brewing company was prompted by a video purportedly in circulation on social media claiming the existence of a fake Amstel Malta in the market.

Nigerian Stock Exchange downgrades NB’s Stock to Medium-Priced Status

The Nigerian Stock Exchange (NSE) on Tuesday reclassified Nigerian Breweries stock from its special status of high-priced stock to medium-priced stock after the leading brewer’s stock price fell below the required threshold for continuing to be held as a high-priced stock.

In a circular, the Exchange said that a review of Nigerian Breweries price trade activity in the last six months provided the basis for the reclassification of the company’s stock from high-priced to medium-priced.

The NSE classifies quoted companies into three categories, high-priced, medium-priced and low-priced, based on their market price.

Nigerian Breweries issues formal statement on Amstel Malta court ruling, to appeal

Nigerian Breweries Plc, on Monday issued a formal statement confirming Edo State High court ruling against it in the case of Prof Ernest Izevbigie vs. Nigerian Breweries Plc.

The judgment was for the company to apologise to the plaintiff for what the court described as “a trade trick” for the low sugar inscription on the label of one of the company’s brands, Amstel Malta.

The company stated it intends to appeal against the ruling.

Nigerian Breweries to appeal Court ruling on Amstel Malta wrongful use of “low sugar” claim – Counsel

Nigerian Breweries Plc, has said it will appeal a recent ruling by an Edo High Court in the case of Prof. Ernest Izevbigie vs Nigerian Breweries Plc. The court had ordered Nigerian Breweries to apologise to one of its customers, Mr Izevbigie, who had brought a suit against the company for allegedly wrongfully inscribing “low sugar” on one of its brands, Amstel Malta.

The former Vice Chancellor at the Benson Idahosa University and Professor of Biochemistry had claimed through lab test results that the said malt drink contained far more sugar content than the company was willing to admit and thus was misleading to the public to have the inscription “low sugar”.

Nigerian Breweries announces one resignation, two new Non-Executive Director appointments

Nigerian Breweries Plc on Thursday announced two new Non-Executive directors to its Board of Directors.

The brewing company notified the Nigerian Stock Exchange (NSE) of the change to the composition of its Board with the appointment of Mr Oluseyi Bickersteth and Mrs Adeyinka O. Aroyewun as Non-Executive Directors.

Star Lager to host 2018 ‘One Lagos Fiesta’

Star Lager beer, the flagship beer brand of Nigerian Breweries Plc, has revealed plans to round up the year in conjunction with the Lagos State Government at its Yuletide revue, One Lagos Fiesta, which is set to hold from 24th December to the early hours of 1st January, 2019.

The event which is billed to attract top Nigerian artists cutting across all genres, including Olamide, Teni, Real, Humblesmith, Ayuba, Osupa among others and over two million direct participants are expected to take part in this year’s event.

Amstel Malta hosts FitFam Fest 2018 in support of healthy living

Premium Malt drink, Amstel Malta, from the stables of Nigerian Breweries Plc recently hosted hundreds of fitness enthusiasts at the 2018 FitFam Fest.

The event attracted fitness pundits and fans from different parts of the world as well as local fitness celebrities, who shared their experiences and weath of knowledge regarding the ever-growing fitness industry.

Court orders Nigerian Breweries to include retirement policy in employee handbook

The National Industrial Court of Nigeria has asked Nigerian Breweries Plc to include its early retirement policy in its staff Handbook.

In his ruling, Justice Ogbuanya ordered the firm to specify the pre-qualification, notice period and severance package in order to avoid litigation of the policy.

NB says it complies with all legitimate demands of government agencies, the latest in its dispute with NLRC

Nigerian Breweries Plc has said it has no intention to deprive the government of its revenue and thus complies with all legitimate demands of government agencies.

The statement is the latest development in the ongoing dispute between the brewer and the National Lottery Regulatory Commission (NLRC). The NLRC on 12th and 13th November had shut down the Lagos and Abuja offices of Nigerian Breweries over alleged disputed promotional fees.

Nigerian Breweries urges respect for rule of law in dispute with NLRC

Nigerian Breweries Plc said on Wednesday it has always ensured that it complies with all legitimate demands of government agencies which are in accordance with the rule of law and has never sought to or seek to deprive government of its legitimate revenue.

The brewing company spoke through a statement released by its Head of Government Relations, Vivian Ikem, who said that Nigerian Breweries, since it was established over 70 years ago, has remained one of the highest contributors to government revenue through taxes and levies paid to various levels of government.