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 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) […]
NB CONVENES EXTRA-ORDINARY GENERAL MEETING (EGM) TO CONSIDER AND APPROVE PROPOSED ACQUISITION OF DISTELL WINES AND SPIRITS NIGERIA LIMITED
Further to the previous disclosure of 31st May 2023 from Nigerian Breweries Plc (“NB” or “the Company”) to the Nigerian Exchange Limited and the investing public on the above subject, the Company hereby provides updates on subsequent developments thereon. Following the conclusion of a detailed review of the Offer, the Board met at a special […]
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, […]
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 […]
Nigerian Breweries shareholders approve N13.87 billion dividend payout
Shareholders of Nigeria’s foremost brewing company, Nigerian Breweries Plc, have unanimously approved the dividend payout of N13.87 billion for the 2022 financial year. The dividend was approved at the 77th Annual General Meeting of the company held at the Civic Centre in Lagos on Wednesday, April 26, 2023. The shareholders equally authorised an intercompany loan […]
Nigerian Breweries Plc Announces the Retirement of Chief Kolawole B. Jamodu and the Appointment of Mr. Asue Ighodalo as Board Chairman
Nigerian Breweries Plc today announced that after 17 years of meritorious service, its Chairman, Chief Kolawole B. Jamodu, CFR will retire from the Board and his position as Chairman of the Board with effect from April 30th, 2023. Chief Jamodu joined the Board on March 1st, 2006, and became Chairman on January 1st, 2008. During […]
Nigerian Breweries Plc appoints Ayodele Lawal as Sales Director
Nigerian Breweries Plc today announced the appointment of Mr. Ayodele Lawal as its new Sales Director. His appointment takes effect from May 1, 2023, and he will be responsible for overseeing Nigerian Breweries’ Sales strategy and execution across Nigeria. Mr. Lawal replaces Mr. Uche Unigwe, who is retiring from the Company on attaining the mandatory […]
