Page 9 - Breweries Plc News Today

The Zero Hunger Sprint is a competition calling on Nigeria’s innovators to bring forward concrete ideas that can help find solutions to hunger.

By Goddy Egene The stock market opened for the week extending the negative performance of last week with the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declining by 0.36 per cent to close at 37,857.89 yesterday. Similarly, the market capitalisation shed N70.9 billion to close lower at N19.723 trillion. The market had went into the bears’ territory last week due to profit-taking after a positive performance the previous week. Specifically, the market dipped by 0.57 per cent. That be...

“We are pleased to collaborate with the BSG on the SMASHED Project in Cross River State, as a public-private sector partnership on social responsibility," Cross River governor says.

The application portal for young entrepreneurs between 18 and 35 years old to apply to the highly anticipated 6th Edition of International Breweries Plc’s Kickstart Initiative is now open.  Kickstart is a youth empowerment initiative by makers of Trophy, Budweiser, and Hero lagers, International Breweries Plc, a proud part of Ab InBev, the world’s largest […]

The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.

Punch Newspapers Sections Published 19 May 2021 FMDQ Securities Exchange Limited has announced the approval for the quotation on its platform of the Nigerian Breweries Plc N1.05bn Series 12, N0.94bn Series 13, and N2.67bn Series 14 Commercial Papers under its N100bn Commercial Paper Issuance Programme. The Exchange said in a statement on Tuesday that this brought the total CPs issued by the issuer since the renewal of its N100bn CP Programme in 2019 to N156.20bn, with a total of N14.76bn curren...

Nigerian beer companies’ three-month revenue hits N189.63bn Published 7 May 2021 Four brewing companies in Nigeria posted a total revenue growth of 27.94 per cent in the first three months of the year, an analysis of data from their unaudited financial statements showed. The companies’ combined revenue rose to N189.63bn in the first quarter of 2021 from N148.22bn in the same period of 2020. Nigerian Breweries Plc saw its revenue grow by 27 per cent to N105.68bn in Q1 2021 from N83.23bn in t...

Punch Newspapers Sections Published 4 May 2021 Nigerian Breweries Plc has said its profit after tax for the first quarter of 2021 financial year rose by 39.5 per cent to N7.73bn from the N5.54bn recorded for the corresponding period in the previous year. The brewing company reported N105.7bn as revenue for Q1 2021, up 27 per cent from the N83.2bn recorded in the corresponding period in 2020, according to its unaudited report and provisional results filed at the Nigerian Stock Exchange. A statem...

Punch Newspapers Sections Published 29 April 2021 Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis points from 39,305.48bps. The market capitalisation of equities declined to N20.30tn on Wednesday from N20.58tn on Tuesday. A total of 259.51 million shares valued at N1.91bn were traded by investors in 3,547 deals at the end of trading ...

The Nigerian beverage market has been dominated by Nigerian Breweries Plc (NB Plc) and Guinness Plc for decades. Nigeran Breweries Plc, a subsidiary of Heineken International was the pioneer and began brewing and marketing beer in 1949 (yes, before there was Nigeria). Nigeria also has some history with Guinness Plc, a subsidiary of Diageo as Nigeria was the first location to be selected outside Great Britain to brew the stout lager in 1963. NB Plc has nine breweries across Nigeria with two malt...