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 […]
Nigerian Breweries, CrossBoundary Energy sign $10 million renewable energy contract for Ibadan and Enugu Breweries
Lagos and Nairobi – Today, Nigerian Breweries Plc (NB) and CrossBoundary Energy announced the commencement of two renewable energy (solar and battery storage hybrid) projects for NB Plc’s Ibadan and Ama breweries in Oyo and Enugu States. Valued at the sum of $10 million, this will be one of the largest renewable energy projects for […]
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 […]
Nigerian Breweries Plc Records N274.03 billion Revenue, Declares N19.08b Profit For H1, 2022.
The Board of Directors, Nigerian Breweries Plc-Nigeria’s foremost brewing company, has announced a total sum of ₦274.03billion as revenue for the first half of the 2022 financial year, which ended on June 30, 2022. The company also recorded a Profit After Tax (PAT) of ₦19.08 billion during the period. According to the unaudited report and […]
Nigerian Breweries MD advocates sorghum as a focus crop under the ‘Anchor Borrowers’ Programme’
Anchor Borrowers Programme: FG should prioritize sorghum as a focus crop. The Managing Director of Nigerian Breweries Plc, Hans Essaadi, has advocated the need for the Federal Government to place sorghum as a focus crop under its ‘Anchor Borrower Programme’ given the growing demand and usage by many manufacturing companies in its production processes. Essaadi […]
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 […]