Nigerian Breweries Rallies Against Economic Challenges With 34% Increase In Operating Profit For H1 2024.
Nigerian Breweries Plc, a leading total beverage alcohol company in Nigeria, has posted a34% increase in operating profit for its half-year period ended 30 June 2024. The unaudited results, which were released to the Nigerian Exchange Group (NGX),alsorevealed a 73% increase in revenue in the period despite the challenging operatingenvironment characterized by soaring inflation, exchange […]
Nigerian Breweries Plc completes acquisition of Distell Nigeria
Nigeria’s foremost brewing company, Nigerian Breweries Plc, has officially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria).The completion of the transaction follows the approval of the South Africa Reserve Bank (SARB) for the acquisition by Nigerian Breweries Plc, of the shares of the South African entity, […]
Nigerian Breweries reports strong performance with an 84% increase in revenue for Q1 2024
Brewing giant Nigerian Breweries Plc has posted a revenue of N227 billion for its first quarter ended 31st March 2024, an increase of 84% versus the corresponding period in 2023. The unaudited results released to the Nigerian Exchange Limited (NGX) showed that results from operating activities grew by over 1000% in the period under review. […]
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 […]
