Nigerian Breweries Announces Hike In Price Of Beer
By Bunmi Onakan
Sequel to Monday, February 19, 2024 announcement of the initial price increase on some of its products, effective the Nigerian Breweries has announced another increment in the prices of beer and other products from Friday, March 15, 2024.
The company explained that the upward review is necessary considering the continued rising input cost in the country.
Major Beers in Nigeria
It stated, “As earlier informed, we will review some of our SKU prices effective Friday, 15th March 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.
“All open orders in our system at 00.00hrs on Friday 15th of March, 2024, will be invoiced at the new prices.”
In its 2023 financial report, the company revealed that it made a loss of N106 billion for the period compared to the N13 billion profit it realised a year before.
The company explained that the Nigerian business landscape, which experienced a significant shift in 2023 with a substantial impact on businesses and livelihoods nationwide, affected the company’s performance.
