Financial analysts have stated that a stable foreign exchange regime  would facilitate speedy return to profitability of Nigerian Breweries Plc and other multinationals that were hit by a gale of foreign exchange headwind in the 2023 financial year.   This is coming as the company has announced strategic business recovery plans designed to return it…

Nigerian Breweries has rejigged its portfolio with the relaunch of Ace Root, a low-sugar, herbal and alcoholic beverage, to cater to the health of consumers and promote taste varieties. The product relaunch, occurred simultaneously in Lagos and Ibadan at the Big Weekend Experience 2.0. Portfolio Manager, Nigerian Breweries PLC, Sampson Oloche stated his excitement over…

Nigerian Breweries Plc, has commenced the implementation of its strategic Business Recovery Plan aimed at securing a resilient and sustainable future for its shareholders and other stakeholder. In view of this, the company has  by notified the Nigerian Exchange Limited (NGX) of its intention to raise capital of up to ₦600 billion (six hundred billion…

Nigerian Breweries Plc. is set to further excite its consumers tomorrow with the second edition of ‘Big Weekend Experience’, which will be hosted simultaneously across three cities – Onitsha, Warri, and Akure.

International Breweries Plc, a leading beverage company in Nigeria, announced price increases across its product portfolio effective from March 1st, 2024. The company cited "escalating costs impacting our business" as the reason for the hike. Popular brands like Castle Lite, Hero, Trophy, Beta Malt, and Grand Malt will all see their prices increase. The new…

Beer drinkers in Nigeria will have to pay as much as N1,300 for a bottle, after the Nigerian Breweries Plc on Monday announced an increase of 40 percent in the prices of the products.

Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss.

Following price depreciation in 30 stocks, the stock market continued on a downturn yesterday, resulting to a further slide in market capitalisation by N36 billion. Accordingly, the all share index (ASI) declined by 64.58 points, representing a loss of 0.09 per cent to close at 68,271.14 points. Also, market capitalisation shed N36 billion to close…

…Redefine drinking, taste experiences In a landmark move to revolutionize the Nigerian alcohol beverage market, Nigerian Breweries has officially launched Goldberg Black, a dark lager, with a relatively higher ABV of 6%, brewed with dark malt and notes of caramel for a distinct taste and aroma. This unveiling comes as a momentous step, marking the…

Following gains recorded by many blue-chip stocks, the Nigerian Exchange (NGX) sustained gains, yesterday, as market capitalisation appreciated by N158 billion.

For serving meritoriously, Nigerian Breweries Plc, has organised a reception in honour of Chief Kola Jamodu, who retired recently as the company’s chairman.

Friends and associates of the late Fatai Olukayode Lawal, who was the Business Controller at the Nigerian Breweries, Ibadan, yesterday, called on the Inspector General of Police (IGP), Usman Alkali Baba, to intervene in the ongoing police investigation to unravel the mystery surrounding his death.