Nigerian Breweries

Beginning Monday 9th October, Nigerian Breweries will hike the prices of its products to mitigate the impact of the rising cost of inputs occasioned by the rising inflation in the country. NBL is the brewer of Star Lager, Gulder Lager, …

Nigerian Breweries Plc has recovered from a 10.5 percent drop in sales revenue in the first quarter to register a 13 percent growth in net sales to over N154 billion in the second quarter. It however closed the quarter with a bigger loss of…

An inexorable surge in foreign exchange losses after floating the Naira, Nigeria’s local currency, has eaten deep into the financial earnings of blue chips, exposing them to foreign exchange uncertainties in the country's battered economy.…

Poor sales revenue and rising costs have pushed Nigerian Breweries Plc into a net loss of N10.7 billion in the first quarter. The brewing company has experienced heightened operating pressure for the past three quarters, having…

The Board of Nigerian Breweries Plc has proposed a N13.87 billion dividend payout to its shareholders despite significant pressure on earnings margin in 2022, and a weakening outlook in 2023 due to high debt liabilities, and shrinking…

Nigerian Breweries Plc recorded about N4 billion loss in the third quarter that ended September 2022 and this slashed its bottom line from N18.7 billion at half a year to N14.7 billion at the end of the third quarter. The closing profit…

Nigerian Breweries suffered a sharp drop in quarterly profits from N13.6 billion in the first quarter to N5.1 billion in the second. Yet, its N18.7 billion closing profit at half year is already well above the full year after tax profit of…

As the processes for the 2023 general elections gather momentum, and flagbearers of parties emerge, the blossoming Nigeria's capital market may be hard hit over a possible change of government and increasing insecurity in the country.…

The Nigerian Exchange Limited (NGX) for the second consecutive trading session in the week, closed negative with key market indices in the red on Tuesday. The NGX All-share Index (ASI) lost 135 index points or 0.25 per cent to settle at…

Following the macro economic volatilities and high cost of production, the prices of Star, Gulder lager beers and other brands are to go up as Nigerian Breweries (NB) Plc considers price hike to stay in competition. Across the country,…