Nigerians spend over USD 1 billion on beer and spirits in first half 2026

Nigeria | Nigerians spent NGN 1.41 trillion (USD 1.03 billion) on beer, malt drinks, and spirits during the first six months of 2026, media reported on 5 August. The figures were compiled from the results of Nigerian Breweries (Heineken), International Breweries (AB-InBev) and Guinness Nigeria (Tolaram Group), which together account for about 90 percent of Nigeria’s formal beer market. They show that the industry continued to grow despite inflation and changing consumer preferences.

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