By Esther Agbo Nigerian Breweries Plc has announced plans to raise N599.1 billion through a rights issue, aimed at repairing its balance sheet and mitigating the effects of foreign exchange (FX) devaluation on its operations. This was revealed during the…
Nigerian Breweries Plc has recorded N81.88 billion gross profit in the first quarter ending March 31. This represented an 87 percent increase when compared with N43.88 billion posted in the first quarter ended March 31, 2023. The company disclosed this…
Nigerian Breweries Plc has embarked on a company-wide reorganisation business recovery plan to ensure a sustainable future for its stakeholders. The company’s Human Resource Director, Grace Omo-Lamai, said this in a statement signed by Mrs Sade Morgan, its Corporate Affairs…
…As company records N106bn loss Reduced purchasing power of consumers in the country have negatively affected the profits of Nigerian Breweries. The CEO of Nigerian Breweries, Hans Essaadi lamented that Nigerian consumers of its Goldberg brand can no longer afford…
By Matthew Denis Beer drinkers are set for unease as the Nigerian Breweries (NB) Plc has announced an upward review in the prices of some products in its stock-keeping units (SKUs) to “mitigate the impact of the rising cost of…
Nigerian Breweries Plc has announced a revenue of N277 billion for the half year ended June 30, 2023. The company made the disclosure in an unaudited and provisional results for the period signed by its Secretary, Mr Uaboi Agbebaku, on…
Nigeria Breweries have recorded N10.7 billion loss in first quarter of 2023 amid poor sales revenue and rising costs The brewing company has experienced heightened operating pressure for the past three quarters, having posted losses in the entire second half…
Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company have approved the issuance of 2.1 billion bonus shares to its qualifying shareholders. The company made the disclosure in a report signed by Mrs Sade Morgan, Corporate Affairs Director, Nigerian Breweries…
Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company have approved the issuance of N2.1 billion bonus shares to its qualifying shareholders. The company made the disclosure in a report signed by Mrs Sade Morgan, Corporate Affairs Director, Nigerian Breweries…
The Board of Directors, Nigerian Breweries Plc has announced a total sum of N274.03billion as revenue for the first half of the 2022 financial year, which ended on June 30, 2022. The company’s performance comes on the heels of high…
