Nigerian Breweries, Indorama Plan Recycling Facility in Ogun
Nigerian Breweries Plc, together with Indorama Ventures Recycling Solutions Limited, are to establish a food-grade recycling Polyethene Terephthalate (rPET) facility in Ogun State,…
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Nigerian Breweries
Nigerian Breweries N99bn Profit Rekindles Dividend Hopes
Despite a N99 billion profit in 2025, Nigerian Breweries Plc will not pay dividends to shareholders for the third consecutive year, though this profit reduces the time needed to resume payouts.
The entire year's profit quickly…
Nigerian Equities Market Surges by ₦406.49 Billion
The Nigerian equities market continued its bullish momentum in Thursday’s trading session, adding approximately ₦406.49 billion in value as the NGX All-Share Index (ASI) climbed to 133,199.99. The Main Board asserted dominance, accounting…
Nigerian Breweries’ N111bn Retained Deficit In Q2 Sinks Equity Base
Fresh N33 billion loss by Nigerian Breweries in its second quarter operations has topped up the previous quarter's loss of N78.4 billion, pushing its retained deficit to N111.4 billion by the end of June 2024.
The second-quarter loss by…
Equities Market Drops By N171bn On Losses In Nestle Nigeria, 36 Others
The equities market on Tuesday closed on a profit-taking note as losses in Nestle Nigeria Plc and 36 others dragged the overall capitalization down by N171 billion.
As a result, the Nigerian Exchange Limited All-Share Index declined by…
Equities Market Drops N48bn On Profit-taking in MTNN, 14 Others
The domestic equities market on Wednesday closed lower to commence trading for the week as losses in MTN Nigeria Communications (MTNN) Plc and 14 others dragged the market down by N48 billion.
The Nigerian Exchange Limited All-Share…
Nestle Nigeria, Nigerian Breweries, Cadbury Nigeria In N145.06bn Loss
From a total profit of N81.5 billion in the third quarter of 2022, three multinational companies, Nestle Nigeria Plc, Nigerian Breweries Plc, and Cadbury Nigeria Plc have declared a N145 billion loss in the third quarter (Q3) of 2023,…
Naira Devaluation Triggers Nigerian Breweries’ N78.16bn Loss In Nine-months
Nigerian Breweries Plc is another casualty of the naira devaluation, suffering N78.16 billion loss before tax in its unaudited nine months ended September 30, 2023.
The company on the Nigerian Exchange Limited (NGX) had declared N19.09…
N85bn Foreign Exchange Loss Worsens Nigerian Breweries At H1
Nigerian Breweries Plc incurred a net foreign exchange loss of over N85 billion at the half-year, which extended the company’s loss position from N10.7 billion in the first quarter to N47.6 billion at the half-year.
The second quarter of…