Nigerian Breweries Rallies Against Economic Challenges With 34% Increase In Operating Profit For H1 2024.
Nigerian Breweries Plc, a leading total beverage alcohol company in Nigeria, has posted a34% increase in operating profit for its half-year period ended 30 June 2024. The unaudited results, which were released to the Nigerian Exchange Group (NGX),alsorevealed a 73% increase in revenue in the period despite the challenging operatingenvironment characterized by soaring inflation, exchange […]
Ace Roots Celebrates Ijebu Culture at the Iconic Ojude Oba Festival
Ace Roots, a low sugar drink that perfectly combines a blend of true African herbs, spices and fruits with a great kick of alcohol, proudly participated in the recently concluded Ojude Oba Festival in Ijebu Ode, celebrating the rich traditions and vibrant culture of the Ijebu people. The Ojude Oba Festival, held annually two days […]
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, […]
Goldberg Black redefines Tradition at the 10th AMVCAs Cultural Night
Premium dark larger, Goldberg black, elevated the Cultural Night at the 10th edition of the Africa Magic Viewers’ Choice Awards (AMVCAs) with its sponsorship of the event. Goldberg Black seamlessly blended tradition with contemporary flair, captivating attendees with a unique and modern spin on culture.Held at the prestigious Eko Hotel and Suites, the event attracted […]
How Legend Twist Brought a Flavorful Twist to the 10th AMVCAs
Legend Twist, the flavoured stout brand and a line extension of Legend Extra Stout, added a delicious twist to the 10th edition of the Africa Magic Viewers’ Choice Awards (AMVCA) held at Eko Hotel and Suites on 11 May, 2024. The event was a celebration of creativity and excellence in the African movie industry. Attendees […]
Party Like There’s No Tomorrow: The Desperados Ignite Experience Hits Nigerian Cities
The Desperados Ignite Party has been rolling through many cities across Nigeria, leaving a trail of memorable parties in its wake, and we are here for it! Nigeria’s leading flavoured beer is taking the Ignite energy to different cities. So far, the Desperados Ignite train has moved through Lagos, Ibadan, Abuja, Enugu, Aba and PH […]
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. […]
Desperados Dance Club Delivers the Ultimate Party Experience!
The Desperados Dance Club at the Good Village, Good Beach, was an electrifying night that left an indelible mark. With stellar performances, dance moves that unlocked incredible rewards, and an exciting DJ lineup, the event was one for the books.The venue buzzed with energy and excitement with the dance floor was the epicenter of the […]
Legend Twist Makes a Legendary Debut at the Big Weekend Experience 2.0!
Nigerian Breweries’ Big Weekend Experience 2.0 hit Ibadan, Lagos, and Aba by storm on 14 April 2024, offering attendees an unforgettable weekend filled with excitement and introducing the new Legend Twist- a line extension of Legend Extra stout that comes in three fruity flavours, pineapple, ginger and lemon, making it the first flavoured stout in […]
Nigerian Breweries indicates plans for company-wide reorganisation as part of strategic recovery plan.
Following the recent announcement of its Business Recovery Plan, Nigerian Breweries Plc has indicated plans for a company-wide reorganisation aimed at securing a resilient and sustainable future for its stakeholders. This move is essential to improve the company’s operational efficiency, financial stability and enable a return of the business to profitability, in the face of […]
