Category: Investor News

Indorama Ventures, Nigerian Breweries and Genesis Energy Partner to Develop One of Africa’s Largest rPET Production Facilities

Bangkok, Thailand – 12 March 2026 — Indorama Ventures Public Company Limited, a global  sustainable chemical company, together with Nigerian Breweries Plc, the foremost brewer in Nigeria,  and Genesis Power & Energy Solutions Ltd, a leading African clean energy infrastructure development  and asset management company, have entered a strategic partnership to establish one of Africa’s largest  state-of-the-art recycled PET (rPET) production facilities in Nigeria, based on planned production  capacity. The landmark collaboration marks a significant step toward strengthening circular economy  infrastructure and sustainable packaging value chains across the region.  Located in Lagos, the site represents is an investment to develop a facility capable of producing up to  45,000 tons of food‑grade rPET resin annually, with start‑up targeted in the first half of 2027. By  converting post‑consumer PET bottles into high‑quality recycled material for packaging applications, the  initiative aims to meet fast‑rising demand for recycled content, reduce plastic waste, and create local  value through improved collection systems, job creation, and increased participation across the recycling  value chain.   The partnership brings together complementary strengths across the PET value chain. Indorama  Ventures, the world’s largest recycler of PET for beverages, contributes expertise in sustainable materials  development. Nigerian Breweries, a Heineken operating company, provides strong local market insight  and engagement across Nigeria’s beverage ecosystem, while Genesis Energy supports the initiative with  sustainable infrastructure and energy expertise. The project is expected to support recycling capacity in  Nigeria, subject to regulatory approvals, technical validation, and operational implementation. Together,  the partners aim to establish commercially viable rPET operations that enable responsible growth and  long-term environmental impact.  This initiative aligns with Nigeria’s National Policy on Plastic Waste Management, introduced in 2020 to  strengthen collection, recycling, and circular economy solutions, with the goal that all plastic packaging be  recyclable, biodegradable, compostable, or reusable by 2030. Lagos, as Nigeria’s commercial hub,  provides a strategic base to develop recycling infrastructure capable of serving both national and regional  demand.  Commenting on the landmark partnership, Yash Lohia, Executive President of Petchem and  Chairman of ESG Council at Indorama Ventures, said, “This partnership marks a defining milestone in  our global recycling journey. By establishing our largest recycling facility to date and one of the largest  rPET sites in Africa, we are bringing Indorama Ventures’ global expertise, proven technologies, and long- term vision for circularity to a region with immense growth potential. This investment reflects our belief  that scaling sustainability solutions locally is essential to building resilient, sustainable packaging systems  that deliver lasting environmental and economic value.”   With a global recycling footprint spanning 20 facilities across 11 countries, Indorama Ventures has  recycled more than 160 billion postconsumer PET bottles into high-quality recycled materials. The Nigeria  facility represents the company’s first recycling investment in Africa and the largest recycling plant  Indorama Ventures has ever built, underscoring the scale of the company’s long-term commitment to  circular infrastructure, advanced recycling technology, and partnerships that strengthen collection,  education, and innovation across the value chain.  Genesis Energy supports the partnership by enabling sustainable infrastructure and energy solutions that  underpin low carbon industrial development and circular economy systems across Africa. The company  operates across 11 African countries, with utility-scale generation projects of more than 780MW in  operations, ongoing construction, and advanced development in Nigeria, South Africa, Benin Republic,  Zambia, Rwanda, Zimbabwe, Mali and United Kingdom, as well as a project development pipeline north  of 4.5GW. It deploys solar, wind, battery storage, and natural gas solutions, and is pursuing an ambition  to allocate up to $2 billion annually over the next five years, with a targeted 10 GW of installed and  contracted capacity.   Speaking on the partnership, Chairman and CEO of Genesis Energy, Mr. Akinwole II Omoboriowo,  said, “This compelling initiative demonstrates Genesis’ commitments to deploying capital to climate  resilient investments by leveraging clean energy as a strategic nexus to advancing viable economic  opportunities. The investment is also a testament to how cross-sector partnerships can enable  sustainable industrial development. By combining circular economy principles with resilient infrastructure  and energy solutions, the initiative supports long-term environmental impact and local value creation.”   Beyond industrial investment, the project is expected to contribute to broader environmental and socio- economic objectives through increased PET collection, diverted plastic waste away from landfill, and  […]

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 […]

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 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 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 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 […]

NB Plc appoints 2 New Board Members – Ibrahim Puri and Ben Wessels Boers.

Nigerian Breweries Plc has announced the appointment of two new Board Members – Mr. Ibrahim Puri from Nigeria and Mr.Ben Wessels Boer from Netherlands, who will also serve as the new Finance Director of the company. In a notice to the Nigeria Exchange Limited, signed by the Company Secretary/ Legal Director, Uaboi Agbebaku, the appointment […]

NB Plc Partners with Konexa to Deliver 100% Renewable Energy to its Kaduna Breweries

Nigeria’s largest brewer, Nigerian Breweries Plc yesterday signed a historic power purchase agreement with Konexa an integrated energy development and investment platform to deliver 100% renewable energy that will fully cover the electricity needs of its two breweries in Kaduna state. This bold step is in line with its business strategy and ‘Brew a Better […]

Stakeholders laud Nigerian Breweries N56billion investment in Ama Brewery expansion

/*! elementor – v3.6.5 – 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px} Stakeholders including the Central Bank of Nigeria (CBN), Enugu State Government, and the Federal Ministry of Industry, Trade & Investment have commended Nigerian Breweries Plc for taking the bold decision to commence civil works on the expansion of Ama Brewery in […]

Nigerian Breweries Plc Records N437.196 Billion Revenue In 2021 Financial Year

The Board of Directors of Nigerian Breweries Plc has released its audited financial statement for the year ended 31 December 2021, declaring a revenue of N437.196 billion. This represents a 29.7% increase when compared to N337.006 billion recorded during the corresponding period in 2020. A further breakdown of the audited results show that the Company’s […]

Hans Essaadi Resumes as MD/CEO, Nigerian Breweries Plc.

The board and management of Nigerian Breweries Plc – the leading brewer in the country, has confirmed the resumption of duty of its new Managing Director and Chief Executive Officer, Hans Essaadi, effective Monday, August 2, 2021. An industry veteran with 30 years’ experience, Essaadi who was appointed CEO designate in May replaces Jordi Borrut […]

Q3 2021: NB Plc Records N309.22billion Revenue, Declares N8.47b as Profit

Nigerian Breweries Plc, the foremost brewer and leading beverage company in Nigeria has announced its figures for the 3rd quarter of 2021, delivering   N309.22 billion in revenues for the third quarter of the 2021 financial year. The revenue represents an increase of 32.1% from N234.02billion recorded in the corresponding period in 2020. Further breakdown of […]

Nigerian Breweries Plc Certified as a Great Place to Work

The board and management of Nigerian Breweries Plc – the leading brewer in the country, has confirmed the resumption of duty of its new Managing Director and Chief Executive Officer, Hans Essaadi, effective Monday, August 2, 2021. An industry veteran with 30 years’ experience, Essaadi who was appointed CEO designate in May replaces Jordi Borrut […]

NOTIFICATION OF BOARD CHANGES

Nigerian Breweries Plc (“the Company”) hereby informs The Nigerian Stock Exchange Limited and the investing public of the following changes in the Board of Directors. RESIGNATION: MR. JORDI BORRUT BEL Mr. Jordi Borrut Bel, our current Managing Director/CEO, will be completing his assignment in the Company on the 30th of July, 2021 to enable him […]

NIGERIAN BREWERIES PLC POSTS ₦337BILLION REVENUE IN 2020 FINANCIAL YEAR

Lagos, Nigeria: 19 February 2021 The Board of Directors of Nigerian Breweries Plc has released its audited financial statement for the year ended 31 December 2020, declaring a profit after tax of N7.52 billion and a turnover of ₦337.01billion in revenue. This result represents a percentage increase of 4.3% compared to ₦323 billion recorded during […]

NIGERIAN BREWERIES APPROVES N1.9BILLION DIVIDEND FOR SHAREHOLDERS FOR Q3 20

Lagos, Nigeria: Wednesday, October 28, 2020 The Board of Directors of Nigerian Breweries Plc has released the Company’s results for the nine-month period ended September 30, 2020 with shareholders set to receive an interim dividend of N1.9 billion with a payout of 25k per ordinary share. According to the unaudited and provisional results filed at […]

NIGERIAN BREWERIES PLC EARNS ₦151B REVENUE, ₦5.7B PROFIT FOR THE FIRST HALF OF 2020

Lagos, Nigeria: August 3, 2020 The Board of Directors of Nigerian Breweries Plc has released the Company’s results for the half-year ended 30th June 2020. According to its unaudited and provisional results filed with The Nigerian Stock Exchange, the Company announced a Revenue of ₦152 billion for the period under review and Profit After Tax […]

NIGERIAN BREWERIES DECLARES N16.1 BILLION DIVIDEND FOR 2019

Lagos, Nigeria: Tuesday June 23, 2020 Shareholders of Nigeria’s foremost brewer – Nigerian Breweries Plc, have approved a total dividend of N16.1 billion for the year ended December 31, 2020. This was at the Company’s 74th Annual General Meeting (AGM) which held in Lagos on Tuesday June 23, 2020. The total dividend translates to a […]

NIGERIAN BREWERIES EARNS N83.2b AND DECLARES N5.5b PROFIT FOR Q1 2020

Lagos, Nigeria: Wednesday, April 22, 2020 The Board of Directors of Nigerian Breweries Plc has announced a Revenue of N83.2 billion for the first quarter of 2020. According to the unaudited and provisional results filed at The Nigerian Stock Exchange, the Company also made a Profit after Tax of N5.5 billion during the period. An […]

Notice of Board Resignation – Atedo Peterside

Nigerian Breweries Plc has formally informed The Nigerian Stock Exchange (NSE) and the investing public about the resignation of Atedo N A Peterside from our Board of Directors, effective April 1, 2020. Mr. Peterside has recently set up the Anap Foundation COVID-19 Think Tank. His resignation from our Board is to enable him to focus […]

NIGERIAN BREWERIES EARNS ₦170b REVENUE, ₦13b PROFIT FOR THE FIRST HALF OF 2019

Lagos, Nigeria: Wednesday, July 31, 2019 The Board of Directors of Nigerian Breweries Plc has announced the Company’s results for the first half of the year ended 30th June, 2019. According to the unaudited and provisional results filed with The Nigerian Stock Exchange, the Company announced a Revenue of ₦170.2 billion for the period under […]

NIGERIAN BREWERIES EARNS N83.3b AND DECLARES N8b PROFIT FOR Q1 2019

The Board of Directors of Nigerian Breweries Plc has announced a Revenue of N83.3 billion for the first quarter of 2019. According to the unaudited and provisional results filed at the Nigerian Stock Exchange, the Company also made a Profit after Tax of N8 billion during the period. An analysis of the results shows that […]

NIGERIAN BREWERIES RECORDS N18 BILLION PROFIT FOR HALF YEAR 2018

Lagos, Nigeria: Monday, July 30, 2018 Nigerian Breweries Plc has announced a Profit after Tax of N18 billion for the first half of 2018, according to the unaudited financial results released to The Nigerian Stock Exchange. The N18 billion represents a 22 per cent decrease over the N24 billion recorded in the corresponding period in […]

NSE Commends NB Plc As New Managing Director Visits Lagos Floor

The Chief Executive Officer of The Nigerian Stock Exchange, Mr. Oscar Onyeama has commended Nigerian Breweries Plc for its commitment to corporate governance standards. Mr. Onyeama gave the commendation when the new Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel visited The Exchange in the company of other top management of company. Speaking […]

NB Plc Declares N33b Dividend For 2017

The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating year with a dividend recommendation of N33 billion to its shareholders. The recommendation, which amounts to a total dividend of N4.13 (four Naira thirteen kobo) per share for the 2017 operating year was part of the company’s filing to […]

NB Announces 9 Months Results For 2017, Declares 7.9b Interim Dividend.

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for nine (9) months ended September 30, 2017. In the statement of the result sent to Nigerian Stock Exchange, the Board of the Company further announced the declaration of an interim dividend of N7,996,902,051 (Seven billion, nine hundred and ninety […]

NB Plc Appoints New Managing Director

The Board of Directors of Nigerian Breweries Plc has announced the appointment of Mr. Johan Antonie Doyer as the Company’s new Managing Director/CEO. Mr. Doyer’s appointment takes effect on the 16th of June, 2017 and is on an interim basis pending the appointment of a substantive Managing Director/CEO for the Company. Mr. Doyer will succeed […]

Nico Vervelde Appointed Managing Director, Heineken Asia Pacific Region

HEINEKEN N.V. has announced the appointment of Mr. Nico Vervelde as Managing Director (MD) of its Asia Pacific Region. As a Cluster MD across the Asia Pacific region, Mr. Vervelde will take responsibility for Singapore, Indonesia, Philippines, Papua New Guinea, Solomon Islands, New Zealand, Australia, New Caledonia, East Timor and HEINEKEN Asia Pacific Export. He […]

Shareholders Applaud NB’s Performance, Approve Dividend

Wednesday, 3rd May 2017, Lagos, Nigeria: Shareholders of Nigerian Breweries Plc have lauded its 2016 financial performance and approved the dividend proposed by the Board. The shareholders who spoke at the 71st Annual General Meeting of the company held in Lagos on Wednesday noted that the company’s performance in spite of the very challenging operating […]

NB Plc MD Set For New Role In Heineken Group

Nigerian Breweries Plc hereby announces that its Managing Director/CEO, Mr. Nicolaas Vervelde, will complete his assignment in the Company on the 16th of June, 2017 to take up a new role within the HEINEKEN Group outside Nigeria. In anticipation of and preparatory to assuming his new role, Mr. Vervelde submitted a letter of resignation to […]

NB Plc Commissions Multi-Billion Naira Ota Brewery Upgrade

Nigerian Breweries Plc on Wednesday commissioned its upgraded brewery in Ota, Ogun State as part of its strategic plan to consolidate its leadership position in the industry. Part of the brewery infrastructure commissioned at the well-attended ceremony included a new PET line, a Water Treatment Plant and a Waste Water Treatment Plant, among twenty one […]

NB Proposes N28b Dividend Payout Despite Drop In Profit

The Board of Directors of Nigerian Breweries Plc has proposed a total dividend of N28, 181, 179 (Twenty eight billion, three hundred and eighty six million, one hundred and eighty one thousand, one hundred and seventy nine naira only), that is, N3.58 (three Naira fifty kobo) per ordinary share of fifty kobo each for approval […]

NSE Commends NB Plc On Corprate Governance

The Chief Executive Officer of The Nigerian Stock Exchange, NSE, Mr. Oscar Onyema has commended Nigerian Breweries Plc for her commitment to corporate governance standards. The NSE CEO made this commendation when the management of Nigerian Breweries Plc visited the Exchange for the closing gong ceremony on Wednesday in Lagos. Speaking during the visit, Onyema […]

Shareholders Applaud Nigerian Breweries’ 2015 Financial Performance

Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewer, have applauded the company for recording an impressive financial result for 2015. According to the shareholders who spoke at the 70th Annual General Meeting, AGM, of the company held in Lagos on Wednesday, the company’s performance in spite of the very challenging operating environment, stood out as […]

Mr. Nicolaas Vervelde, CEO of NB Plc (right) receiving the 2015 Most Compliant Listed Firm award from Mr. Oscar Onyema, CEO of The Nigerian Stock Exchange

Nigerian Breweries Plc has been named the winner of The Nigerian Stock Exchange CEO’s Distinguished Award for Compliance in 2015. The award also known as the Most Complaint Listed Firm award is given by The NSE to a company that demonstrates the highest degree of compliance with the rules and regulations regarding disclosure obligations of […]

NB Plc proposes N38 billion dividend for 2015, posts resilient results

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N293 billion for the Company in the 2015 financial year. The amount shows a 10.3 per cent increase compared with the N266 billion recorded by the Company in 2014. The results sent to The Nigerian Stock Exchange show that the Company’s shareholders […]

NB Plc posts N293 billion Revenue in 2015, proposes highest ever dividend

The Board of Directors of Nigerian Breweries Plc has announced a 10.3 per cent increase in revenue from N266 billion recorded in 2014 to N293 billion in the 2015 financial year. The 2015 audited results filed with The Nigerian Stock Exchange show that the Company’s shareholders would enjoy a total dividend of N4.80 (Four Naira […]

NB Plc holds 2015 Financial Markets Forum

The 2015 edition of the Nigerian Breweries Plc Financial Markets Forum held recently at Lagos Brewery provided an opportunity for financial analysts and journalists to have a first-hand knowledge of the company’s activities in the current financial year. According to the Managing Director/Chief Executive, Nigerian Breweries Plc, Mr. Nicolaas Vervelde, the forum was held to […]

NB Plc Establishes 100 Billion Commercial Paper Programme

Nigerian Breweries Plc today established a 100 Billion Commercial Paper (“CP”) Programme with view to launching its inaugural Commercial Paper issue under the programme on or before Thursday 8th October 2015. The Signing Ceremony to mark the establishment of the Programme was held at the head office of Nigerian Breweries, Iganmu, Lagos, and witnessed by […]

Shareholders commend NB Plc on 2014 result, dividend payment

Shareholders of Nigerian Breweries Plc have commended the company for its performance in the 2014 financial year. According the Shareholders, the company’s performance in spite of the challenging operating environment stood out as a shining example for other manufacturers to emulate. The Shareholders who spoke at the company’s 69th Annual General Meeting held on Wednesday, […]

NB Plc Reassures Investing Public During Visit To Stock Exchange

The management of Nigerian Breweries Plc recently reassured investors and other stakeholders of the company of its commitment to enhance operational efficiencies and maximize value for all investors of the enlarged company. The reassurance was given when Chief Kola Jamodu, Chairman of the board of Nigerian Breweries Plc led other members of the board to […]

NB Plc, IFDC and Psaltry Sign Partnership Agreement To Optimize Cassava Productivity.

Nigerian Breweries Plc – Nigeria’s leading brewing company, Psaltry International Company Ltd, a Nigerian cassava processing company and, the International Fertilizer Development Centre, IFDC, through its Towards Sustainable Clusters in Agribusiness through Learning in Entrepreneurship project (2SCALE), have signed a Partnership Agreement to optimize the cassava value chain in Nigeria and improve agribusiness for Nigerian […]

Shareholders Approve Merger of NB Plc and Consolidated Breweries Plc

The Boards of Directors of Nigerian Breweries Plc and Consolidated Breweries Plchave confirmed the receipt of approvals from their shareholders to combine bothcompanies by way of a scheme of merger. The shareholder approvals wereobtained at two separate Court Ordered Meetings which were held in Lagos on 4December 2014. In a joint statement signed by Mr. […]

NB Plc wins Most Socially Responsible Company in Nigeria 2014

Nigerian Breweries Plc, the nation’s foremost brewing company, has been named the Overall Winner, Most Socially Responsible Company in Nigeria for 2014. The company clinched the top honours amidst stiff competition from other high ranking corporate organizations at the 2014 edition of the critically acclaimed Nigeria CSR Awards – The Social Enterprise Report and Awards […]

Merger: NB Plc Announces Details of Court Ordered Meeting

The Board of Nigerian Breweries Plc has announced the receipt of approval from the Federal High Court to hold a Court Ordered Meeting of shareholders of the company to consider its proposed merger with Consolidated Breweries Plc. In a statement signed by Nico Vervelde, Managing Director/CEO, Nigerian Breweries Plc, the company disclosed that “the Court […]

Shareholders commend NB on 2013 performance approve record dividend payout

Shareholders of Nigerian Breweries Plc have commended the company for the impressive 2013 financial result. At the 68th Annual General Meeting held on Wednesday May 14, 2014, at the Muson centre, Lagos, the shareholders hailed the company for achieving 13 per cent increase in profit after tax as well as the dividend payment of 4.50 […]

NB plc and Consolidated Breweries Ltd Agree To Explore Merger Opportunity

The Board of Directors of Nigerian Breweries Plc and the Board of Directors of Consolidated Breweries Ltd have agreed to explore a combination of the two businesses by way of a Scheme of Merger subject to regulatory approvals. In a joint statement, both companies confirmed that a Pre-Merger application has been filed with the Securities […]