Nigerian Breweries Plc completes acquisition of Distell Nigeria
Nigeria’s foremost brewing company, Nigerian Breweries Plc, has officially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria).The completion of the transaction follows the approval of the South Africa Reserve Bank (SARB) for the acquisition by Nigerian Breweries Plc, of the shares of the South African entity, […]
Nigerian Breweries reports strong performance with an 84% increase in revenue for Q1 2024
Brewing giant Nigerian Breweries Plc has posted a revenue of N227 billion for its first quarter ended 31st March 2024, an increase of 84% versus the corresponding period in 2023. The unaudited results released to the Nigerian Exchange Limited (NGX) showed that results from operating activities grew by over 1000% in the period under review. […]
Nigerian Breweries Reports 2023 Full Year Results
Key Highlights Nigeria’s brewing giant, Nigerian Breweries Plc, has announced its audited results for the period ended 31st December 2023, revealing a net loss of N106 billion during the year, largely induced by the impact of the devaluation of the naira on its foreign exchange transactions. The audited results which were released to the Nigerian […]
Nigerian Breweries Plc’s shareholders approve acquisition of Distell Nigeria
Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company, have overwhelmingly approved the acquisition of an 80% stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria) and the import business of Heineken Beverages (Holdings) Limited (Heineken Beverages).The approval was given at the company’s Extraordinary General Meeting (EGM) held on Wednesday, December 20, 2023, at […]
Nigerian Breweries Plc announces Board changes …Ighodalo Resigns, Sijbe Hiemstra appointed Interim Chairman.
Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced changes to the composition of its board of directors with the resignation of the Chairman, Asue Ighodalo and the completion of the tenure of Ndidi O. Nwuneli, MFR as an Independent Non-Executive Director. The announcement was contained in a notification to the Nigerian Exchange Limited (NGX) […]
NB CONVENES EXTRA-ORDINARY GENERAL MEETING (EGM) TO CONSIDER AND APPROVE PROPOSED ACQUISITION OF DISTELL WINES AND SPIRITS NIGERIA LIMITED
Further to the previous disclosure of 31st May 2023 from Nigerian Breweries Plc (“NB” or “the Company”) to the Nigerian Exchange Limited and the investing public on the above subject, the Company hereby provides updates on subsequent developments thereon. Following the conclusion of a detailed review of the Offer, the Board met at a special […]
Nigerian Breweries Plc appoints Ayodele Alabi as Head of Integrated Communications
Nigerian Breweries Plc-Nigeria’s foremost brewing company has announced the appointment of Ayodele Alabi as Head of Integrated Communications. According to a statement signed by the Corporate Affairs Director, Nigerian Breweries Plc, Sade Morgan, the appointment takes immediate effect. Alabi is a seasoned professional with 12 years of varied and extensive experience in strategic corporate communications, […]
Nigerian Breweries Plc partners ITF to empower 1,000 Youth, Women on Skills Development
Nigerian Breweries Plc-Nigeria’s foremost brewing company has partnered with the Industrial Trust Fund (ITF) to empower 1000 youth and women across the country on skills development in line with its commitment to socio-economic development across communities in Nigeria.. The beneficiaries of the empowerment, drawn from 24 states and the Federal Capital Territory, were trained in […]
Lagos Teacher, Adeola Adefemi Emerges 2023 Maltina Teacher of the Year
Adeola Adedunke Adefemi of Keke Senior High School, Agege, Lagos has emerged the winner of the 9th edition of the coveted Maltina Teacher of the Year Competition at the Grand Finale held in Lagos on Friday, October 20, 2023. Adefemi, having emerged as the winner, received a total cash prize of N6.5 million. Additionally, she […]
2023 Maltina Teacher of the Year: 172 Teachers Jostle for Honours
A total of 172 teachers from 29 states and the Federal Capital Territory have made it through the first round of grading and will jostle for honours in the 2023 edition of the Maltina Teacher of the Year competition organised by the Nigerian Breweries’ Felix Ohiwerei Education Trust Fund. Out of the 1,203 valid entries […]
