Nigerian Breweries Validates Agronomic Viability of Domestic Barley, Urges Infrastructure Investment for Commercial Scale-Up
RINGIM, JIGAWA STATE, NIGERIA Nigerian Breweries Plc (NB Plc) showcased the successful cultivation of locally grown barley at its Maltina Barley Field Day in Ringim, Jigawa State. This marks a major step towards reducing Nigeria’s reliance on imported malted barley, and building a locally independent supply chain. While the event validated the crop’s genetic and soil compatibility in Northern Nigeria, the company emphasized that scaling production will require urgent ecosystem interventions, particularly in irrigation and mechanization. Nigeria currently imports approximately 200,000 tons of malted barley annually. The Maltina Barley Programme was designed to localize this supply chain while creating new opportunities for smallholder farmers in Northern Nigeria. This season, over 1,000 small-holder farmers participated in the pilot phase of the program cultivating the crop, with an expected yield exceeding 1,000 tons. The farmers received a structured off-taker guarantee, alongside the provision of quality seeds, fertilizers, and mechanized services through partners like OCP Africa and Hello Tractor. The success of this foundational harvest builds on extensive Research & Development. In collaboration with the Lake Chad Research Institute (LCRI) and French breeder Secobra Research, the programme successfully adapted barley to Northern Nigerian conditions,, leading to the 2024 registration of three high-yield, climate-adapted barley varieties by the National Agricultural Seed Council: Traveler, Explorer, and Prunella. Despite this agronomic breakthrough, NB Plc emphasized that the current yield is only the beginning of a long-term agricultural transformation. “The Maltina Barley Project is a long-term commitment. It is a marathon, not a sprint,” stated Thibaut Boidin, MD/CEO of Nigerian Breweries Plc. “For this reason, sustained government partnership will be critical, particularly in the areas of irrigation infrastructure, mechanisation, access to quality inputs, and extension support”. Speaking on the agronomic and supply chain realities, Federico Agressi, Supply Chain Director at Nigerian Breweries Plc, noted the vast potential of the project if properly supported: “The Maltina Barley Program represents a strategic opportunity to introduce a new crop into Nigeria’s agricultural ecosystem, which will support economic diversification and strengthen local industry. With proven agronomic feasibility, strong market demand, and sustained stakeholder engagement, this program can transform Nigeria’s barley industry and create meaningful prosperity for thousands of rural farming households”. The potential for expansion is significant. A joint study commissioned with IDH and Dalberg has identified over 400,000 hectares of farmland suited for barley across Jigawa, Bauchi, Kano, Plateau, and Yobe states. The programme has also attracted climate-smart agricultural funding, including £330,000 from the UK-funded Propcom+ initiative for the 2026 season. Nigerian Breweries has set a target to integrate 20,000 farmers into the barley value chain by 2030. However, the company reiterated that achieving this goal will require sustained collaboration across the public and private sectors, alongside investments in irrigation, mechanization and policy stability, including transitional import allowances while domestic production capacity continues to scale.
Nigerian Breweries Plc Records N1.5 Trillion Group Revenue In 2025
Nigerian Breweries Plc, the foremost brewing company in Nigeria, has recorded a group revenue of N1.5 trillion for the financial year ended 31st December 2025. The revenue represents an increase of 35% over the N1.1 trillion recorded in the corresponding period in 2024. The full-year 2025 audited results showed that the company made a rebound […]
NB PLC RECORDS N1.04 TRILLION REVENUE IN NINE MONTHS
Nigerian Breweries Plc, the foremost brewing company in Nigeria, has posted a Group Revenue of N1.04 trillion for the nine-month period ended September 30, 2025, representing a 48% growth over the N703 billion recorded in the corresponding period in 2024. According to the unaudited results released on NGX portal, the Cost of Sales rose from […]
Q2 2025: NIGERIAN BREWERIES PLC RECORDS N733.19 BILLION REVENUE
Nigerian Breweries Plc, the foremost brewing company in Nigeria, has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result,net profit for the second quarter of 2025 stood at N88.06 billion, marking […]
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 […]
NB Plc gets regulatory approval to extend N599.1Billion Rights Issue to Friday October 18, 2024
Lagos (Nigeria), October 11, 2024 Nigerian Breweries Plc, the foremost brewing company in Nigeria, has announced an extension for the acceptance period of its N599.1 Billion rights issue to Friday, October 18, 2024. The extension follows regulatory approval by the Securities and Exchange Commission (SEC) after the acceptance period for the right issue closed today, […]
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, […]