Page 18 - Breweries Plc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 currently active. It said corporate institutions continued to successfully tap the Nigerian debt capital m...

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 the same period a year earlier. Its profit before tax rose by 38.8 per cent to N11.51bn. Guinness Nig...

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 statement by the Corporate Affairs Director, Sade Morgan, said the company’s cost of sales rose signific...

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 on the floor of Nigerian Exchange Limited. FTN Cocoa a Plc led the losers as its share price dropped...

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 malting plants, while Guinness has five brewing plants. This picture has since changed as Anheuser-Busch...