The Managing Director of Nigeria Breweries Plc, Mr. Hans Essaadi has outlined certain macroeconomic issues that will affect the company’s performance in 2024. These inlcude; high inflation, naira devaluation, the “Japa syndrome”, insecurity and pressure on consumer’s disposable income.
He said this while speaking to investors on the company’s financial resulted where he stated that despite the ugly macroeconomic conditions the company recorded a 9% increase in revenue to N599.6 billion.
Nestle Nigeria, BUA Foods, and Nigeria Breweries were the top three FMCG companies in Nigeria that paid the highest income tax in the first quarter of 2023.
Nigerian Breweries Plc has launched series 1, 2, and 3 commercial papers under its N100 billion commercial paper programme
The shareholders will be presented with the recommendation during an Extra-Ordinary General Meeting (EGM) scheduled to hold in December
The company's latest earnings report showed an 80.1% growth in profit after tax to N14.7 billion from N8.6 billion in 2021
This is the top Brewers in Nigeria by market share
While the greater fool theory focuses on buyers and sellers there is a much-overlooked one that occurs between companies and their shareholders.
The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, appreciated by 0.08%,...
Beer makers saw their revenues plummet in the second quarter of 2020 as the economic shut down extinguished sales.
Nigerian Stocks closed the month of February with an All Share Index of 26,216.46, the lowest since February 2017.
The share value of Nigeria Breweries and others witnessed a boost on Friday as they made the top gainers list on the floor of the NSE.
