Alcoholic drinks

Heineken under pressure from AB InBev in Nigeria but may be about to double down

Revenue at Nigerian Breweries plc declined at an annual rate of 10.8% during the first six months of 2020, to NGN151.8 billion (USD390 million). Its pre-tax profit plunged 57%, to NGN8.3 billion (USD21 million). With 11 production sites nationwide and a market share in excess of 50%, Nigerian Breweries is a barometer of the Nigerian

18th September 2020

Categories: Alcoholic drinks - Nigeria