09 May 2024

Nigeria Breweries turns itself into total beverage alcohol firm

Nigeria | It has been a tough few years for Nigerian Breweries. Its 2023 annual accounts spilled plenty of red ink and a few weeks ago it had to suspend operations in two of its nine breweries. Its first quarter 2024 statements did not bring a lot of joy either. The firm, in which Heineken has a controlling stake, posted a loss after tax of NGN 52.1 billion (USD 38 million), Nigerian media reported on 29 April.

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