Tag: Nigerian Breweries
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Charting a path to financial recovery for Nigerian Breweries Plc – By Bosun Aiyedun
Nigeria’s brewing giant, Nigerian Breweries Plc, has recently disclosed its audited results for the period ending 31st December 2023, unveiling a staggering net loss of N106 billion for the year.
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Nigerian Breweries records N106bn loss in 2023
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. Mr Uaboi Agbebaku, Company Secretary, Nigerian Breweries stated this in th
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Nigerian Breweries to Increase Beer Prices From February 19
The Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone.
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Beer guzzlers to pay more as Nigerian Breweries increases prices
Due to operational cost, the Nigerian Breweries has notified beer guzzlers of an increase effective next week Monday. TheNewsGuru.com, (TNG) reports this was contained in a notice sent to all direct customers in the South West geo-political zone of Nigeria. The notice signed by the zonal business manager, Olalekan Awosanya simply explained that: “This is…
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Nigerian Breweries reacts to viral video of boy drinking Star Radler
Nigerian Breweries has reacted to a viral video of a little boy drinking a bottle of its product, Star Radler. According to reports, the video had first surfaced on the internet in 2020.
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Nigerian Breweries appoints new Corporate Affairs Director
Nigerian Breweries Plc has announced the appointment of Mrs. Sade Morgan as the company’s new Corporate Affairs Director. Mrs Morgan, who is by this position joining the executive committee of Nigerian Breweries, will be reporting to the Managing Director/Chief Executive Officer, Mr Jordi Borrut Bel. In her role as Corporate Affairs Director, Mrs Morgan will…
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NSE reclassifies Nigerian Breweries from High to Medium-Priced stock
The Nigerian Stock Exchange (NSE) has announced the reclassification of Nigerian Breweries Plc (NB) Plc from High-Priced Stock Group to Medium-Priced Stock. In a statement to dealing members, the nation’s stock exchange management said the reclassification became effective from Wednesday, January 9, 2019. Explaining the rationale behind the downgrading of Nigerian Breweries, the NSE noted…
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Nigerian Breweries knows fate Nov. 30 over alleged misleading 'low sugar' inscription on Amstel Malta
Justice Esohe Ikponmwen of Edo High Court will on Nov. 30, decide whether Nigerian Breweries Plc is guilty of alleged deception in a suit filed against it by a professor of Biochemistry. Ernest Izevbigie, former Vice Chancellor of the Benson Idahosa University, Benin, has accused the company of allegedly inscribing misleading information “low sugar’’ on…
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Nigerian Breweries appoints new Managing Director
…announces changes in Management Team Nigerian Breweries Plc has announced the appointment of Mr. Jordi Borrut Bel as the Company’s Managing Director/CEO. The appointment takes effect on January 22, 2018. Mr. Borrut Bel will succeed Mr. Johan Doyer who has served as Managing Director/CEO on an interim basis since June 16, 2017. The Board of…
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Nigerian Breweries dominates, as Nigeria Beer Festival excites Lagosians
The first Nigeria Beer Festival is living up to its billing as Lagosians continue to get drenched in the heightened excitement, fun and entertainment that pervade the Atlantic City Waterfront, venue of the festival. The event starts daily with thousands of fun seekers trooping into the waterfront to enjoy the carnival week of entertainment, sales…