Nigerian Breweries
2 days ago
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…
17 Apr
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…
6 Apr
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…
30 Mar
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.
11 Mar
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…
19 Feb
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.
17 Feb
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.
22 Sep 2023
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…
1 Sep 2023
…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…
23 Aug 2023
Following gains recorded by many blue-chip stocks, the Nigerian Exchange (NGX) sustained gains, yesterday, as market capitalisation appreciated by N158 billion.
13 Aug 2023
For serving meritoriously, Nigerian Breweries Plc, has organised a reception in honour of Chief Kola Jamodu, who retired recently as the company’s chairman.
15 Jun 2023
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.
Latest
57 mins ago
Tanzania has shut down five hydroelectric stations to reduce excess electricity in the national grid, the prime minister Kassim Majaliwa has said. According to Majaliwa, the main plant, Mwalimu Nyerere Hydroelectric Station, has alone generated enough electricity to power major cities. Among the cities that are being powered is Dar es Salaam, the country’s commercial…
1 hour ago
Everton secured their first win in a Merseyside derby at Goodison Park since 2010 to leave Liverpool's Premier League title aspirations in ruins after a 2-0 defeat on Wednesday.
1 hour ago
KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK). KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid to cut record immigration. The Financial Times reports that one of the UK’s biggest graduate employers, the…
1 hour ago
Kano State governor, Abba Kabir Yusuf, is in the United States of America for a high-powered symposium organised by U.S. Institute of Peace (USIP). The three days conference being attended by governors of Kano, Katsina, Zamfara, Kaduna, Niger, Sokoto, Kebbi, Jigawa and Plateau states, is designed to address insecurity in Northern Nigeria and proffer better…
1 hour ago
Sir Chikwe Udensi, a security consultant with the International Criminal Police Organization (INTERPOL), has urged Abia State governor, Dr Alex Otti, not to mix his good works with some falsehood when passing information to the people. Udensi, a chieftain of the All Progressives Grand Alliance (APGA), said that he is disturbed at the way the…
2 hours ago
The Kaduna State House of Assembly Ad-Hoc Committee has set up a committee to investigate the administration of former Governor Nasir El-Rufai. The committee, established during the Assembly's sitting on April 16th, has requested a comprehensive set of documents from the state commissioner of finance. The probe will include details of all loans acquired during…
2 hours ago
Football teams that have registered for the much anticipated Alimosho Football Coaches Council Under-16 League have been warned to desist from all sorts of football unprofessionalism that can bring the league and football into disrepute. According to the leader of Alimosho Football Coaches Council, Mr. Samuel Uchenna Eke: "We want to do better than last…
4 hours ago
Hearing in two separate money laundering suits filed by the Economic and Financial Crimes Commission (EFCC) against British national, James Nolan, could not proceed on Wednesday at a Federal High Court, Abuja.
5 hours ago
Iranian goalkeeper Hossein Hosseini has been banned by the Iranian Football federation for Hugging a female fan after a football game. The goalkeeper was banned and fined of approximately #6.2Million for his actions which is against the country's policy as far as both genders are concerned. The incident unfolded when a female supporter's hijab slipped,…