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, […]
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 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, […]
