Nigeria Breweries

Posted on February 16, 2017 by Ugo Obi-chukwu

Nigeria Breweries Warns 2017 Will Be “Tough” Despite Raising Prices Thrice In 2016

Nigeria Breweries raised beer prices three time last year as confirmed by the company’s sales director Mr Herbert Eze. He confirmed this while speaking at the company’s trade partners awards, held in Lagos, over the weekend,  “No doubt, 2016 was bad for business, the main reason why we had to reluctantly adjust our prices three Read More

Posted on January 26, 2017 by Nairametrics

Nigeria Breweries Confirm TMDK Instigated A Police Investigation Against Its Managers

Nigeria Breweries Plc (NB) has reported officially that its suppliers, TMDK Oil traders has written a petition against that has instigated a summon of some of Nigerian breweries senior officials by the Nigerian Police Force. According to the press release (see below), Nigerian Breweries explained that TMDK participated in a recent tender process for supply of Read More

Nigeria Breweries Fire
Posted on December 28, 2016 by Nairametrics

Press Release: Nigeria Breweries Explains Fire Incident

Nigeria Breweries issued the following press release regarding the Xmas day inferno that gutted their Iganmu plant. Press Release There was a fire outbreak today at the empty bottle compound of the Lagos plant of Nigerian Breweries Plc in Iganmu, Lagos. The fire which started early in the morning has been put under control by Read More

Nigeria Breweries Fire
Posted on December 25, 2016 by Onome Ohwovoriole

Video: Fire Guts Nigeria Breweries Factory in Iganmu (Xmas Day)

Nairametrics| In the early hours of Sunday, Christmas Morning (6am), a section of the Nigerian Breweries factory at Iganmu caught fire. Preliminary findings by Nairametrics have revealed that the fire started at the warehouse section and spread to other areas of the factory. Video evidence on social media also reveals the extent of the fire.  See Read More

Posted on October 27, 2016 by ARM Research

Initial Analysis: Looks Like Nigeria Breweries Is In Trouble Waters

Nigerian Breweries Plc (NB) released its unaudited 9M 16 financial statements, wherein revenues rose 3.6% YoY to₦223 billion while PBT and PAT declined 26% and 23% YoY to N37 billion and N26 billion respectively. In particular, Q3 16 result reveals significant deterioration in earnings with PBT and PAT plunging 66% YoY and 78% YoY to Read More

Posted on July 19, 2016 by Nairametrics

This Explains Why Nigeria Breweries Suffered A Massive Profit Decline

Nigeria Breweries recently released its 2016 Half year results reporting a 17% decline in profits. The N25 billion pre-tax profits for the first half of 2016 is the lowest we have seen within the same period since 2013. It’s pre-tax profits of N10.5 billion for the second quarter of 2016 is also the lowest we Read More

Posted on April 20, 2016 by Nairametrics

Heineken Spurts: Buhari’s Forex Policies Are Adversely Impacting Our Business

In what is beginning to look like an all too familiar tune, Heineken the beer maker and parent company of Nigeria’s largest brewer Nigeria Breweries has reported that the forex crisis in Nigeria is beginning to take a toll on its earnings. The worlds third largest brewer revealed this in its Q1 presentation for 2016, Read More

Posted on February 15, 2016 by Nairametrics

Nigeria Breweries Has Two Major Problems That Could Affect Its Share Price

Nigeria Breweries Plc released its 2015 full year results showing profit after tax dropped by 10.5% to N35 billion. The company also reported that revenues also rose 10% to N293 billion compared to 2014 where revenue dropped by about 0.4%. For shareholders the result should bring some form of relief considering that its rival Guinness Read More

Posted on February 11, 2016 by Olarinmoye Segun

Nigerian Breweries Posts 10.5% Drop In Profits, Proposes Dividend Of N3.60 For FY’2015

Nigerian Breweries released its financial results for the year end December 31, 2015. The result showed that revenue rose by 10.3% from N266.3 billion in 2014 to N293.9 billion in 2015, while the company increased its expenses fron N70 billion in 2014 to N80 billion in 2015. Profit before tax however dropped by 11.3% from Read More

Posted on October 19, 2015 by Nairametrics

Will Nigeria Breweries Top Last Year’s Interim Dividend?

The Board of Directors of Nigerian Breweries announced it will be meeting on Wednesday the 21st of October to decide on dividend payments. Nigerian Breweries paid dividend of N3.5 per share back in May 2015 following a full year profit of N42.5 billion. The brewery giant also paid an interim dividend of N1.25 in November 2014 Read More

Posted on October 12, 2015 by Ugodre

What a $103billion Merger Deal Could Mean For International Breweries

Anheuser-Busch InBev the worlds largest brewer raised its takeover offer for SABMiller (worlds number two) on Monday to an astonishing $103 billion. This adds an extra $3 billion to the initial $100 billion offer made just barely a week ago. If this deal is consummated then we are perhaps about to see a major shakeup Read More

Posted on September 29, 2015 by Editor

Nigerian Breweries Launches N100 Billion Commercial Paper

Nigerian Breweries (NB) Plc, has launched a N100 billion Commercial Paper (“CP”) Programme. It represents the largest commercial paper programme to be established in Nigeria by a (non-financial institution) corporate issuer since the 2009 guidelines on commercial paper from the CBN. The launch, according to the company, of the inaugural commercial paper issue under the Read More

Posted on August 1, 2015 by Nairametrics

[YEAR LOW] These 7 Blue Chip Nigerian Stocks Just Got Bloodied

This week ended with yet another sell-off as stocks shed a whopping N900 billion in one week. A major reason for the decline were some Blue Chip Nigerian companies contributing in dragging the index back by about 2.9%. Amongst this park were 7 Blue Chip stocks that cut across the banking, pharmaceutical, FMCG and Upstream sector. This basically Read More

Posted on July 15, 2015 by Nairametrics

[RESULTS] Nigeria Breweries Profits Takes a Hit

Nigeria Breweries 2015 H1 results shows pre-tax profits dipped by 8.5% to N30.9billion. Key Highlights Higher cost of sale Higher operating expenses Higher interest cost Higher debts Lean cash NBL Jun-2015 2015 H1 2014 H1 %age Change N’m N’m Income Statement Revenue            151,673        141,496 7.2% Cost of sales            (81,904)          (71,349) 14.8% Read More

Posted on June 23, 2015 by Jon Snow

[ANALYSIS] Nestle’ job cuts signals bigger problems for Nigerian FMCG firms

Nestle’ cutting their workers is signalling bigger problems as lower spending, foreign exchange risk and security challenges continues hold back growth of Fast Moving Consumable Goods (FMCG) firms in Africa’s largest economy. Swiss food and drinks company Nestle is cutting 15 percent of its workforce in 21 African countries as it said it overestimated the Read More

Posted on April 26, 2015 by Nairametrics

Nigerian Breweries: A welcomed merger records first casualty

Nigerian Breweries has been running a very efficient business model for past few years delivering impressive returns on equity for its shareholders. For example in 2010 and 2011 its return on equity (ROE) was northwards of 60% respectively a remarkable feat for a company that one can say as attained the stage of maturity in its Read More

Posted on April 22, 2015 by Nairametrics

Heineken guidance suggest weaker sales for NB anticipated Q1 results

Heineken NV, the world’s third-biggest brewer, reported sales that advanced less than analysts estimated as weaker demand in Nigeria and across Europe offset gains in Asia and Brazil. Revenue in Africa and the Middle East declined 1.1 percent on a consolidated basis, less than the 2 percent gain expected by analysts, as consumers in Nigeria Read More

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