Nigerian Breweries – InfoStride News

Nigerian Breweries Reaffirms Commitment to Net-Zero Carbon Emissions by 2050

Temitope Nlewemchi — Mon, 03 Nov 2025 14:13:05 +0000

Nigerian Breweries Plc, the country’s largest brewing company and a subsidiary of Heineken N.V., has reiterated its unwavering commitment to achieving net-zero carbon emissions across its operations by the year 2050. The declaration reinforces the company’s alignment with global sustainability standards and Nigeria’s broader environmental goals amid rising concerns over climate change and industrial pollution. [...]

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Nigerian Breweries Reports 159% Surge in Pre-Tax Losses for First Nine Months of 2024

Temitope Nlewemchi — Tue, 29 Oct 2024 20:39:47 +0000

Nigerian Breweries Plc, one of the leading beverage companies in Nigeria, has announced a staggering 159% increase in pre-tax losses for the first nine months of 2024. The company’s financial results highlight the significant challenges it has faced amid rising production costs, economic uncertainties, and shifting consumer preferences. This substantial loss underscores the pressures within [...]

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Nigerian Breweries FX Losses Surge to N160 Billion Amid Currency Devaluation

Temitope Nlewemchi — Fri, 25 Oct 2024 19:11:57 +0000

Nigerian Breweries Plc, the country’s largest brewer, has reported a significant increase in foreign exchange (FX) losses, reaching an all-time high of N160 billion as of the third quarter of 2024. This stark rise in losses reflects the financial impact of the naira’s devaluation and the ongoing FX crisis, which has added substantial financial pressure [...]

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Nigerian Breweries grapples with inflation as pre-tax losses hit N50.8 billion in second quarter of 2024

Temitope Nlewemchi — Wed, 31 Jul 2024 17:48:42 +0000

Nigeria’s largest brewer by revenue, Nigerian Breweries Plc posted a pre-tax loss of N50.8 billion for the quarter ending June 30, 2023. It marks a marginal 0.7% year-on-year decline from the N50.4 billion pre-tax loss posted in Q2 2023. During the quarter, Nigerian Breweries posted a revenue of N251.8 billion, marking a 63% year-on-year growth [...]

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Nigerian Breweries Eyes 80% Stake in Distell Wines & Spirits, Seeks Shareholders’ Nod

Temitope Nlewemchi — Sat, 18 Nov 2023 16:51:06 +0000

InfoStride News reported that Nigerian Breweries Plc has unveiled plans to hold an Extraordinary General Meeting (EGM) for the proposed 80% acquisition of Distell Wines & Spirits Nigeria Limited. This information was disclosed in a notice to the Nigerian Exchange Limited and the investing public. The Company Secretary, Uaboi G. Agbebaku, signed the statement, revealing [...]

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Amid clampdown, Nigeria’s brewery sector generates $526m tax

Temitope Nlewemchi — Sat, 12 Mar 2022 21:24:40 +0000

In the midst of the destruction of beer bottles in some parts of the country, Nigeria’s brewery sector generated $526 million in taxes to the government in 2019, with trends showing additional revenue due to imposed excise duty on the sector. Another increase to N35 per litre was implemented in June 2019. With another adjustment [...]

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NB funds project expansion, intensifies local sourcing

Temitope Nlewemchi — Wed, 10 Nov 2021 16:12:13 +0000

Nigerian Breweries (NB) Plc yesterday established that it had reached about 56 per cent in local sourcing of raw materials and injected up to $114 million (N55 billion) in capital investments and expansion projects to create more wealth for the economy. At a media parley to commemorate the firm’s 75th anniversary in Lagos, the company’s [...]

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