Category: Announcements

Nigerian Breweries Plc appoints Uzo Odenigbo as Corporate Affairs Director

Nigerian Breweries Plc- Nigeria’s foremost brewing company, has announced the  appointment of Uzodinma Odenigbo as the Corporate Affairs Director of the company.  Odenigbo succeeds Sade Morgan who has been elevated to a global role as Heineken’s  Corporate Affairs Director, Africa, Middle East and Africa.  The appointment, which takes effect from May 1, 2025,  was recently announced by the  Managing Director of the company, Hans Essaadi.  Since joining NB in 2017, Odenigbo has been responsible for Public, External & Government  Affairs, first as Public Affairs Manager for the South of Nigeria. He has subsequently led the  critical public affairs agenda pan-Nigeria while also providing strategic direction for the  Regional Corporate Affairs Managers.   Significantly, he delivered a comprehensive stakeholder engagement and communications  framework as part of the project team for implementation of the 2024 Nigerian Breweries  business recovery plan, achieving zero business disruption and negative media coverage  amongst other critical outcomes.     As part of his personal development plan, he was in July 2024 selected for an important Short  Term Assignment (STA) as Corporate Affairs Director, Brarudi, where he joined the local  Management Team.  Between July 2024 and March 2025, he successfully led the Corporate  Affairs agenda for Brarudi, driving the launch of a reputation campaign anchored on  sustainability, elevated internal communications with positive impact on climate scores,  championed the Optimal Business Climate agenda with concrete results on export, local  sourcing and the ongoing advocacy to avoid negative excise impacts from tax harmonization  in the EAC region.  Over the period in Burundi, he further enhanced the CA team capabilities and operationalized  the 2025 CA playbook to position the team to meet critical deliverables even after his return  to Nigeria.   Uzo holds an MBA and a PhD in Mass Communications with a passion for building  emotional connections, discoverin

Shareholders laud NB Plc on efforts to return to profitability amidst economic challenges

Shareholders of Nigerian Breweries Plc- Nigeria’s foremost brewing company- have  commended the Board and Management of the company on their efforts to return the  company to profitability amidst challenges confronting the Nigerian economy.  This position was held at the 79th Annual General Meeting of the company which took place  virtually on Wednesday, April 16, 2025.  Speaking during the meeting, the newly appointed board chair, Nigerian Breweries Plc, Mrs.  Juliet Anammah, noted that it is good to see that the decisive  actions taken by the company to  deal with economic and business realities in 2024 were already yielding positive results.  Anammah who expressed profound appreciation to the shareholders for their patience, trust  and unwavering support during the challenging period, stated that although the company did  not pay dividend in the year under review, the net profitability recorded in the last quarter of  the year represents a step in the right direction and the result of the successful execution of the  business recovery plan in 2024. This has placed the company on the path that will result in the  resumption of dividend paymen in the not too distant future.  “With the success of the rights issue coupled with the return to profitability in the last quarter  of 2024, we are convinced that Nigerian Breweries is on the right path to improving its  financial position  and ensuring sustainable value creation for shareholders and other  stakeholders”, she explained.  While expressing optimism about improvement in consumer spend in 2025, she noted that the  company was ready to consolidate its leadership in the market by taking advantage of any  market growth notwithstanding the aggressive competitive environment that has chracterised  the commercial beverage sector for some years now.  A shareholder, , Ahmed Batula, praised the Board for steering the company through a  turbulent period and helping to return the business to profitability.  Batula stated that the Board has demonstrated immense capacity by ensuring that both loal  and foreign debts were reduced significantly from the capital that was raised from the rights  issue.   Another shareholder, Robert Ibekwe, stressed the need for the leadership of the company to  continue to manage the business efficiently such that it can quickly return to the era of  dividend payment to its shareholders. Siyanbola Adetutu, also a shareholder, gave kudos to the company for ensuring gender  diversity at both the Board and Management level. 

Nigerian Breweries Plc Acquires Remaining 20% Minority Shares in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc (“NB”) hereby notifies the Nigerian Exchange Limited (“NGX”), its shareholders, and the investing public that it has acquired the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (“DWSN”). The full acquisition follows the execution of a sale and purchase agreement with the DWSN minority shareholders, Ekulo International Limited and Next […]

Notification of Approval of Basis of Allotment of Rights Issue

Nigerian Breweries Plc (the “Company”) is pleased to notify its esteemed shareholders and the Nigerian Exchange Limited (“NGX”) that the Company has received the clearance of the Securities and Exchange Commission (the “SEC”) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each at ₦26.50 Kobo per share under its recently concluded Rights Issue. The […]

Notice of the Appointment of a Substantive Board Chair: Mrs. Juliet Anammah

Nigerian Breweries Plc (the “Company”) is pleased to notify its esteemed shareholders and the Nigerian Exchange Limited (“NGX”) that at its Board of Directors (“Board”) meeting which took place today, the 12th of December 2024, Mrs. Juliet Anammah was appointed as the substantive Chair of the Board effective the 1st of January 2025. She takes over from Mr. Sijbe “Siep” Hiemstra […]

Nassarawa Teacher, Esomnofu Ifechukwu Emerges 2024 Maltina Teacher

…Wins N10 million Grand Prize  Lagos (Nigeria), October 11, 2024 Esomnofu Ifechukwu of Crown Grace School, Mararaba, Nassarawa State, has emerged the winner of the 10th edition of the coveted Maltina Teacher of the Year Competition at the Grand Finale held in Lagos on Friday, October 11, 2024. Ifechukwu, who was adjudged the 2024 Maltina Teacher of the Year, […]

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, […]