Nigerian Breweries indicates plans for company-wide reorganisation as part of strategic recovery plan.
Following the recent announcement of its Business Recovery Plan, Nigerian Breweries Plc has indicated plans for a company-wide reorganisation aimed at securing a resilient and sustainable future for its stakeholders. This move is essential to improve the company’s operational efficiency, financial stability and enable a return of the business to profitability, in the face of […]
Nigerian Breweries embarks on strategic recovery plan; to undertake ₦600 billion Rights Issue
Foremost brewer, Nigerian Breweries Plc, has begun the implementation of its strategic Business Recovery Plan aimed at securing a resilient and sustainable future for its shareholders and other stakeholders by notifying the Nigerian Exchange Limited (NGX) of its intention to raise capital of up to ₦600 billion (six hundred billion naira) by way of a […]
Nigerian Breweries Reports 2023 Full Year Results
Key Highlights Nigeria’s brewing giant, Nigerian Breweries Plc, has announced its audited results for the period ended 31st December 2023, revealing a net loss of N106 billion during the year, largely induced by the impact of the devaluation of the naira on its foreign exchange transactions. The audited results which were released to the Nigerian […]
Nigerian Breweries Plc’s shareholders approve acquisition of Distell Nigeria
Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company, have overwhelmingly approved the acquisition of an 80% stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria) and the import business of Heineken Beverages (Holdings) Limited (Heineken Beverages).The approval was given at the company’s Extraordinary General Meeting (EGM) held on Wednesday, December 20, 2023, at […]
Nigerian Breweries Plc announces Board changes …Ighodalo Resigns, Sijbe Hiemstra appointed Interim Chairman.
Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced changes to the composition of its board of directors with the resignation of the Chairman, Asue Ighodalo and the completion of the tenure of Ndidi O. Nwuneli, MFR as an Independent Non-Executive Director. The announcement was contained in a notification to the Nigerian Exchange Limited (NGX) […]
Nigerian Breweries Plc appoints Ayodele Alabi as Head of Integrated Communications
Nigerian Breweries Plc-Nigeria’s foremost brewing company has announced the appointment of Ayodele Alabi as Head of Integrated Communications. According to a statement signed by the Corporate Affairs Director, Nigerian Breweries Plc, Sade Morgan, the appointment takes immediate effect. Alabi is a seasoned professional with 12 years of varied and extensive experience in strategic corporate communications, […]
Lagos Teacher, Adeola Adefemi Emerges 2023 Maltina Teacher of the Year
Adeola Adedunke Adefemi of Keke Senior High School, Agege, Lagos has emerged the winner of the 9th edition of the coveted Maltina Teacher of the Year Competition at the Grand Finale held in Lagos on Friday, October 20, 2023. Adefemi, having emerged as the winner, received a total cash prize of N6.5 million. Additionally, she […]
Nigerian Breweries Plc honors and celebrates former chairman, Chief Kola Jamodu.
Nigerian Breweries Plc hosted an elegant send-forth dinner on Wednesday, July 26th, 2023, in honour of Chief Kola Jamodu (CFR) who retired recently as Chairman. The event was attended by top government functionaries, captains of industries, notable personalities, as well as families and friends. The dinner, held at The Jewel Aeida, Lekki Phase 1, Lagos, […]
Entries open for the 2023 Maltina Teacher of the Year Competition
The Nigeria Breweries-Felix Ohiwerei Education Trust Fund is excited to announce the opening of entries for the 9th edition of the highly anticipated Maltina Teacher of the Year competition. This nationwide search for the best secondary school teacher aims to recognize and reward exceptional educators who are shaping the future of our country. Entries for […]
Nigerian Breweries Plc to Acquire 80% Stake in Distell Wines and Spirits Nigeria Limited
Nigerian Breweries Plc- Nigeria’s foremost brewing company has concluded plans to acquire 80% stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry. The announcement is contained in a notification of proposal sent to Nigeria Exchange Limited and […]
