Nigerian Breweries

Nigerian Breweries Posts N55.95bn Q1 Profit, Extends Recovery Momentum

April 28, (THEWILL) — Nigerian Breweries Plc has reported a Profit After Tax of N55.95 billion for the first quarter ended March 31, 2026, representing a 25.6 percent increase from the N44.55 billion recorded in the same period...

Nigeria’s Largest Brewer Tries Local Barley To Reduce $150m Import Bill

March 10, (THEWILL) — Nigeria’s biggest brewing company, Nigerian Breweries, has begun testing the cultivation of locally grown barley as part of a strategy to reduce the country’s heavy reliance on imported brewing inputs. The company showcased the results of...

Nigerian Breweries Receives Crucial Lifeline Ahead Of Rights Issue

September 19, (THEWILL) – Amid operational challenges, Nigerian Breweries Plc has received a crucial lifeline from its parent company, Heineken, as it prepares for capital raise through rights issue. The lifeline was by way of suspending interest payments...

Benue Govt Gives Nigerian Breweries 90-Day Ultimatum To Resume Production

May 22, (THEWILL) - In a move to revive its industrial sector, the Benue State Government has issued a 90-day ultimatum to Nigerian Breweries Plc to resume full production at its plant in Makurdi, the state capital. The Managing...

Nigerian Breweries Profit Slumps Amidst Opex, FX Losses

Nigerian Breweries Plc reported 27 per cent. This comes over decline in profit before tax and growth in profit after tax of 4.06 percent over a decline in tax expenses. The decline in profit before tax dragged the profit margin...

Nigerian Breweries to Raise N20bn Through Commercial Paper

Nigerian Breweries Plc has launched a new phase of its N100 billion commercial paper programme, allowing the firm to raise N20 billion from investors. The capital raise comes in three series of varying maturities: the first has a tenor of...

SPECIAL INVESTIGATION: Nigerian Breweries: Starving Investors To Overfeed Directors

BEVERLY HILLS, April 11, (THEWILL) - A curious twist in the annual reports of some Nigeria’s quoted companies for the 2020 financial year was that they jerked up the emoluments of their directors.  This occurred in a year that businesses were...
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