Stock Market

Stock market reverts to losing trend, sheds N27.9bn

Stock market reverts to losing trend, sheds N27.9bn    The Punch Feyisayo Popoola The Nigerian stock market reverted to its bearish trend on Tuesday as it lost N27.9bn following sell-off... read more

Nigerian Breweries records N13.3bn half year profit

Nigerian Breweries records N13.3bn half year profit    The Punch Feyisayo Popoola Nigerian Breweries Plc has recorded a profit after tax of N13.3bn for the six months ended June 30, 2019. An analysis of the com... read more

Nigeria: Stock Prices' Free Fall Widens Investment Opportunities

Nigeria: Stock Prices' Free Fall Widens Investment Opportunities    AllAfrica.com The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening ... read more

Tax Appeal Tribunal's Judgement On The Taxability Of Gratuity Payments - Tax - Nigeria

Tax Appeal Tribunal's Judgement On The Taxability Of Gratuity Payments - Tax - Nigeria    Mondaq News Alerts The Tax Appeal Tribunal (TAT or the Tribunal) sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc (Nigerian ... read more

Stock market investors lose N1.37tn in seven months

Stock market investors lose N1.37tn in seven months    The Punch Feyisayo Popoola Investors in the nation's stock market have lost a total of N1.3tn in seven months, as the total market capitalisation of equitie... read more

FIRS Says WHT And VAT Are Due On All Payments In Cash Or Kind To Agents, Dealers, Distributors And Retailers By Principal Companies - Tax - Nigeria

FIRS Says WHT And VAT Are Due On All Payments In Cash Or Kind To Agents, Dealers, Distributors And Retailers By Principal Companies - Tax - Nigeria    Mondaq News Alerts The FIRS has issued a Public Notice on the deduction of withholding tax and VAT on compensation paid to agents, dealers, distributors and retailers by principal ... read more

Nickfest Nigeria returns for third season

Nickfest Nigeria returns for third season    Guardian Having hosted two editions in Lagos, Nigeria's biggest family festival, Nickelodeon NickFest Nigeria 2019, is set to return for the third edition on 28 and 29 ... read more

When political leaders flaunt their unpatriotism

When political leaders flaunt their unpatriotism    The Punch Azuka Onwuka azonwuka@yahoo.com 0809-8727-263 (sms only) Many Nigerians have been sharing the pictures of Nigerian politicians with their childr... read more

Ojude Oba festival returns again with Goldberg

Ojude Oba festival returns again with Goldberg    Vanguard Nigeria News - The 2019 annual Ojude Oba festival in Ijebu-Ode, Ogun state is set to take place from August 13 - August 15 at the Palace of the. read more

Ojude Oba Festival returns with Goldberg

Ojude Oba Festival returns with Goldberg    The Nation Newspaper The 2019 annual Ojude Oba Festival in Ijebu-Ode, Ogun State is set to take place from August 13 - August 15 at the palace of the Awujale and ... read more

Advertising industry loses without APCON, says Prima Garnet CEO

Advertising industry loses without APCON, says Prima Garnet CEO    Guardian marketing communications industry is now in a season of convergence. Functions of other sectors of the economy are mixing up with its, increasingly blurring, ... read more

NIGERIA: CrossBoundary Energy will install off grid atop Jabi Lake Mall

NIGERIA: CrossBoundary Energy will install off grid atop Jabi Lake Mall    AFRIK 21 An agreement has been signed between CrossBoundary Energy, an investment fund that finances off-grid projects, and Jabi Lake Mall, an Abuja shopping ... read more

International Breweries posts N6.84bn loss in six months

International Breweries posts N6.84bn loss in six months    The Punch Feyisayo Popoola International Breweries Plc has posted a loss after tax of N6.84bn for the six months period ended June 30, 2019. An analysis of... read more

Web Hosting Services Market to generate +174 Billion USD revenue over period 2019-2025| Prominent Players Amazon Web Services, Google, GoDaddy, AT&T, Dreamhost, Earthlink, Equinix

Web Hosting Services Market to generate +174 Billion USD revenue over period 2019-2025| Prominent Players Amazon Web Services, Google, GoDaddy, AT&T, Dreamhost, Earthlink, Equinix    Market Expert Web Hosting Services allows organizations and individuals to publish websites or web pages to the Internet. A web host or web hosting *service* provider is a ... read more

What To Expect From The Markets This Week - 180819

What To Expect From The Markets This Week - 180819    Proshare Nigeria Limited Saturday, August 17, 2019 08:00 AM / Proshare *Content*. Nigeria: Economic Dashboard @170819. Proshare Nigeria Pvt. Ltd. Editor's Pick. Source: Vetiva Fixed ... read more

Heineken Nigerian Unit to Raise Prices as Taxes Seen to Jump 67%

Heineken Nigerian Unit to Raise Prices as Taxes Seen to Jump 67%    Bloomberg Heineken NV's Nigerian unit plans to raise prices this year to offset a sharp increase in taxes. Nigerian Breweries Plc expects excise duties to jump about 67 ... read more

Ariya Repete… Keeping indigenous Nigerian sounds, cultures alive

Ariya Repete… Keeping indigenous Nigerian sounds, cultures alive    Guardian Nigeria The music spectacle finally came to a sensational conclusion in Lagos, with top artistes such as King Sunny Ade, Olamide, Taye Currency and Pasuma... read more

Omoluabi: King Sunny Ade, Olamide, Lead the Train as Goldberg Unveils New Look

Omoluabi: King Sunny Ade, Olamide, Lead the Train as Goldberg Unveils New Look    Modern Ghana Veteran King of Juju, King Sunny Ade and the King of street rap, Olamide headlined the grand finale of Goldberg's Ariya Repete music competition. The final s... read more

Brewers Battling for Nigerian Market Face New Foe: Taxes

Brewers Battling for Nigerian Market Face New Foe: Taxes    Bloomberg For brewing giants AB InBev SA, Heineken BV and Diageo Plc competing for market share in Africa's most populous country, the Nigerian government's decision ... read more

Nigerian Breweries to drive sales via innovation

Nigerian Breweries to drive sales via innovation    The Punch Ifeanyi Onuba, Abuja. The Managing Director, Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said the company would be deploying some innovations ... read more

Nigerian Breweries Plc Up To N15bn Series 3 and 4 Commercial Paper Issue Now Open

Nigerian Breweries Plc Up To N15bn Series 3 and 4 Commercial Paper Issue Now Open    Proshare Nigeria Limited FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited and Stanbic IBTC Capital Limited are pleased to inform you that the Nigerian Breweries PLC ... read more

Nigeria’s failing economy takes its toll on industrial estates

Nigeria’s failing economy takes its toll on industrial estates    Guardian One of the starkest reminders of the misgovernance of the nation by past leaders was the seemingly deliberate effort to stifle the industrial sector that was ... read more

Manufacturing firms drive stock market’s N163.8bn gain

Manufacturing firms drive stock market’s N163.8bn gain    The Punch Feyisayo Popoola Manufacturing companies listed on the Nigerian Stock Exchange have driven the performance of the bourse to a positive zone as inv... read more

Nigerian Breweries pioneers first solar powered brewery in Africa

Nigerian Breweries pioneers first solar powered brewery in Africa    pv magazine International Nigerian Breweries Plc and CrossBoundary Energy on Monday announced the signing of Heineken's first solar project in Africa. CrossBoundary Energy will be ... read more

Nigerian Breweries to raise N15bn through commercial papers

Nigerian Breweries to raise N15bn through commercial papers    The Punch Feyisayo Popoola Nigerian Breweries Plc is seeking to raise up to N15bn in the first and second series of its N100bn commercial paper programme to... read more

ITF reveals plans to identify Nigeria’s Mark Zuckerberg, Steve Jobs, Bill Gates, Jeff Bezos

ITF reveals plans to identify Nigeria’s Mark Zuckerberg, Steve Jobs, Bill Gates, Jeff Bezos    Daily Post Nigeria The Industrial Training Fund, ITF, has said it intends to unravel some Nigerians who would become the next set of Mark Zuckerberg of Facebook, Steve Jobs o. read more

Firm, Nigeria Breweries battle over intellectual property

Firm, Nigeria Breweries battle over intellectual property    Daily Post Nigeria An engineering company, Evanpower Engineering Limited and the Nigerian Breweries are squaring up for a legal battle over usage of intellectual property. Th. read more

Ernest Ndukwe, former NCC director, becomes MTN chairman as Pascal Dozie retires

Ernest Ndukwe, former NCC director, becomes MTN chairman as Pascal Dozie retires    TheCable TheCable | Nigeria's independent online newspaper. read more

Firm unites friends on World Friendship Day

Firm unites friends on World Friendship Day    The Nation Newspaper Sociologists have maintained that the society will be in a better stead when its members live in peace. So, when Joyce Hall, the founder of Hallmark Cards ... read more

Rotarian Omotunde Balogun invested as 10th President of Abuja Metro

Rotarian Omotunde Balogun invested as 10th President of Abuja Metro    Vanguard Nigeria News - The Rotary Club of Abuja Metro on Thursday 25th July 2019 held its investiture ceremony of the 10th President, Rotarian Omotunde Balogun. read more

Nigerian Breweries to close N15bn commercial paper issuance

Nigerian Breweries to close N15bn commercial paper issuance    The Punch Nigerian Breweries Plc has said it will close its N15bn commercial paper programme this week. The company opened the issuance of the commercial pa... read more

Ado-Ekiti to celebrate ‘new year’ at Udiroko Festival

Ado-Ekiti to celebrate ‘new year’ at Udiroko Festival    The Nation Newspaper THIS year's edition of the Udiroko Festival will hold from August 12 to August 20 in Ado-Ekiti, the Ekiti State capital, it was announced on Thursday in Lagos.. read more

Nigerian Breweries Plc 9M'18 Results - Intensified Competition Pressures Earnings

Nigerian Breweries Plc 9M'18 Results - Intensified Competition Pressures Earnings    Proshare Nigeria Limited Nigerian Breweries Plc (NB) 9M'18 results – top line declined by 6.5% YoY to N238.1 billion, in line with our estimate of N244.8 billion (-2.7% deviation). read more

First solar-powered brewery in Nigeria to be constructed

First solar-powered brewery in Nigeria to be constructed    Construction Review Nigerian Breweries Plc (NB) and CrossBoundary Energy Limited have signed a Solar Power Purchase Agreement to construct Nigeria's first solar powered ... read more

Nigerian Breweries lauds Eagles

Nigerian Breweries lauds Eagles    The Punch Nigerian Breweries Plc has hailed the Super Eagles and the Nigeria Football Federation on Nigeria's qualification for the2019 Africa Cup of Nations... read more

Nigerian breweries flags off 2019 Maltina teacher of the year

Nigerian breweries flags off 2019 Maltina teacher of the year    Legit.ng Legit.ng News ☆ Nigerian Breweries Plc, Nigeria's foremost brewing company has announced the opening of entries for the 2019 Maltina Teacher of the Year. read more

N6.5m up for grab as Nigerian Breweries flags off 2019 Maltina Teacher of the Year

N6.5m up for grab as Nigerian Breweries flags off 2019 Maltina Teacher of the Year    Daily Post Nigeria Lagos, Nigeria: Thursday, May 16, 2019. Nigerian Breweries Plc., Nigeria's foremost brewing company has announced the opening of entries for the 2019 Malti. read more

Nigerian Breweries Q4 2018 Results Review: Sustained Competition Still A Drag

Nigerian Breweries Q4 2018 Results Review: Sustained Competition Still A Drag    Proshare Nigeria Limited Nigerian Breweries' (NB) Q4 2018 earnings missed our forecasts because of negative surprises in gross margin and net interest expense. read more

NB to launch solar-powered brewery

NB to launch solar-powered brewery    The Punch Feyisayo Popoola Nigerian Breweries Plc and CrossBoundary Energy Limited have signed a Solar Power Purchase Agreement for the installation and ope... read more

Low sugar inscription: Court orders NB plc to apologise to customers

Low sugar inscription: Court orders NB plc to apologise to customers    The Punch Justice Esohe Ikpomwen of Edo High Court, on Wednesday, ordered the Nigerian Breweries Plc, to apologise to one of its customers, Prof. Ernest Izev... read more

Nickelodeon's Nickfest In Partnership With Maltina Returns With A Slime-Filled Third Edition - - Nigerian Entertainment Toda

Nickelodeon's Nickfest In Partnership With Maltina Returns With A Slime-Filled Third Edition - Nigerian Entertainment Today    Nigerian Entertainment Today Toni Itabiyi · Save. Read more. Nigeria, 8 August 2019: Nigeria's biggest family festival, Nickelodeon NickFest Nigeria 2019, is set to hold its third edition in ... read more

International Breweries Plc’s Kickstart Initiative launch in Nigeria

International Breweries Plc’s Kickstart Initiative launch in Nigeria    Guardian International Breweries Plc., a member of ABInBev brewer, has flagged off the 2019 edition of Kickstart, an innovative youth entrepreneurship programme that ... read more

Nigerian Breweries to pay N19.4b net profit to shareholders

Nigerian Breweries to pay N19.4b net profit to shareholders    The Nation Newspaper The board of directors of Nigerian Breweries Plc has recommended payment of the entire net profit of N19.4 billion recorded in 2018 as cash dividend to ... read more

Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders

Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders    TheCable Nigerian Breweries Plc has announced a profit after tax (PAT) of N19.4 billion for the 2018 financial year. The company also made revenue of N324.4 billion ... read more

NIGERIA: CrossBoundary Energy provides off-grid at NB Brewery

NIGERIA: CrossBoundary Energy provides off-grid at NB Brewery    AFRIK 21 CrossBoundary Energy, an investment fund specialising in off-grid solar roof projects, has signed an agreement with Nigerian Breweries Plc (NB), a major ... read more

Nigerian Breweries targets improved earnings despite N25.8 billion duty

Nigerian Breweries targets improved earnings despite N25.8 billion duty    Guardian Nigeria Nigerian Breweries Plc is confident of a positive financial year despite the challenging operating environment for manufacturing in the country. Indeed, the ... read more

NB goes offgrid with 650 kW solar powered plant in Ibadan

NB goes offgrid with 650 kW solar powered plant in Ibadan    Guardian Nigerian Breweries Plc (NB) and CrossBoundary Energy have announced the signing of Heineken's first solar project in Africa, a pact that will see the latter ... read more

Nigerian Breweries Plc To Appeal The Edo State High Court Judgment of December 12th 2018

Nigerian Breweries Plc To Appeal The Edo State High Court Judgment of December 12th 2018    Proshare Nigeria Limited Nigerian Breweries Plc (“the Company”), hereby confirms that an Edo State High Court (“the Court”) sitting in Benin City on the 12th of December, 2018 gave ... read more

Bank Stocks in Nigeria Fall Most Since 2016 After Buhari Victory

Bank Stocks in Nigeria Fall Most Since 2016 After Buhari Victory    Bloomberg Nigerian banking stocks slumped the most since June 2016 a day after the re-election of President Muhammadu Buhari, as some investors showed ... read more

NB warns consumers about misleading Amstel Malta video

NB warns consumers about misleading Amstel Malta video    The Punch Anna Okon. The Nigerian Breweries Plc has reassured consumers of Amstel Malta, that though rebranded, the beverage is not fake. The firm stated this in ... read more

Stock market closes higher as 26 firms gain

Stock market closes higher as 26 firms gain    The Punch Feyisayo Popoola Nigerian Breweries Plc topped the list of 26 gainers that delivered a gain of N77.5bn to investors in the nation's stock market. ... read more

FG Sues Nigerian Breweries Over Copyrights Violation

FG Sues Nigerian Breweries Over Copyrights Violation    Leadership Newspaper FG Sues Nigerian Breweries Over Copyrights Violation The Nigerian Copyright Commission, NCC, has filed a criminal charge against the Nigerian Breweries ... read more

Industrial court strikes out N10m suit against Nigerian Breweries

Industrial court strikes out N10m suit against Nigerian Breweries    NIGERIAN TRIBUNE Court struck out N10 million suit brought against Nigerian Breweries Plc by Geoffrey Okey Omeh, of Life Breweries, Onitsha, for lack of jurisdiction. read more

Nigerian Breweries extends award deadline

Nigerian Breweries extends award deadline    The Nation Newspaper Nigerian Breweries Plc has extended the deadline for the submission of entries for the 2019 Maltina Teacher of the Year award by two weeks. read more

Star backs Eagles to shine

Star backs Eagles to shine    The Punch Star Lager Beer will from Friday (today) in Asaba, Delta State celebrate with passionate fans of the Super Eagles as they back the national team to shine in their ... read more

Nigeria Counts Cost of Last-Minute Vote Delay as Stocks Tank

Nigeria Counts Cost of Last-Minute Vote Delay as Stocks Tank    Bloomberg Nigerian stocks fell the most this month and bond yields rose after Africa's biggest oil producer delayed last weekend's presidential and parliamentary election at ... read more

You’re big based on your vision, principles – Kufre Ekanem

You’re big based on your vision, principles – Kufre Ekanem    The Punch A former Corporate Affairs Adviser and member of the executive committee of Nigerian Breweries Plc, Kufre Ekanem, tells OLUSHOLA RICKETTS about his... read more

Brewery Sector Update - Tottering Momentum

Brewery Sector Update - Tottering Momentum    Proshare Nigeria Limited Our analysis of brewery sector notes the pressured production volumes, dragged by the impact of stiff competition, lower consumer spending (induced by ... read more

Nigeria Breweries PLC: Lottery Commission acted within confines of its mandate – DG

Nigeria Breweries PLC: Lottery Commission acted within confines of its mandate – DG    P.M. News The Director General, National Lottery Regulatory Commission (NLRC), Mr. Lanre Gbajabiamila has said that the Commission would continue the clamp down ... read more

Nigerian Breweries posts N18bn after-tax profit in H1

Nigerian Breweries posts N18bn after-tax profit in H1    Punchng 'Femi Asu Nigerian Breweries Plc has announced a profit after tax of N18bn for the first half of 2018. According to the unaudited financial resul... read more

Nigeria: Star Lager to Unveil TV Commercial in Support of Eagles

Nigeria: Star Lager to Unveil TV Commercial in Support of Eagles    AllAfrica.com As the 32nd edition of Africa's premier football competition, the African Cup of Nations, gets underway this Friday, one of the major sponsors of the Super Eagles, ... read more

NB Plc rewards distributors

NB Plc rewards distributors    Punchng The Nigerian Breweries Plc said it celebrated its distributors in an award ceremony held in Lagos recently. The firm which noted this in a stateme... read more

Nigerian Brewers – NB Tops on EPS, GUINNESS Tops on PE Ratio As INTBREW Records Negative ROE

Nigerian Brewers – NB Tops on EPS, GUINNESS Tops on PE Ratio As INTBREW Records Negative ROE    Proshare Nigeria Limited In a recent review of a few ratios on three Nigerian brewers namely NB, GUINNESS and INTBREW, analysis revealed that NB topped on EPS with N2.45k, ... read more

NB Plc charges Super Eagles to beat South Africa

NB Plc charges Super Eagles to beat South Africa    Guardian Nigeria's leading brewing company, Nigerian Breweries Plc has urged the Super Eagles to extract their pound of flesh from the Bafana Bafana of South Africa, ... read more

Nigerian Breweries Plc - Thoughts from the Lagos Brewery Tour

Nigerian Breweries Plc - Thoughts from the Lagos Brewery Tour    Proshare Nigeria Limited Nigerian Breweries held a 2017 Financial Market Forum on the 14th of September 2017, where the new CEO. Johan Doyer and the Finance Director Mark ... read more

Firm threatens court action against NB Plc

Firm threatens court action against NB Plc    Guardian Evanpower Engineering Limited has threatened to drag Nigerian Breweries (NB) Plc to court over alleged usage of its Intellectual Property without pay. read more

Nigerian Breweries appoints Noah’s Ark creative agency for Maltina, Malta Gold

Nigerian Breweries appoints Noah’s Ark creative agency for Maltina, Malta Gold    TheCable Nigeria's leading and multiple award winning creative marketing communications powerhouse, Noah's Ark Communications Limited, has clinched the Nigerian ... read more

NB unveils 2019 Maltina teacher of the year

NB unveils 2019 Maltina teacher of the year    The Nation Newspaper Nigeria's foremost brewing company, Nigerian Breweries Plc, has announced the opening of entries for the 2019 Maltina Teacher of the Year. 2019 edition is the ... read more

Nigerian Breweries to list N15b CPs on FMDQ

Nigerian Breweries to list N15b CPs on FMDQ    The Nation Newspaper Nigerian Breweries Plc will list its ongoing N15 billion commercial papers issuance on the FMDQ OTC Securities Exchange to provide investors opportunity to ... read more

Maltina seeks 2019 best teacher

Maltina seeks 2019 best teacher    The Punch Nigerian Breweries Plc has called on teachers across the country to apply for the 2019 Maltina Teacher of the Year award. The company made this kn... read more

Nigeria Misses Out on Emerging-Market Rally as Vote Nears

Nigeria Misses Out on Emerging-Market Rally as Vote Nears    Bloomberg Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria. read more

Nigerian Breweries Plc Announces Board Changes

Nigerian Breweries Plc Announces Board Changes    Proshare Nigeria Limited The Board of Directors (“the Board") of Nigerian Breweries Plc (“the Company”), hereby announces the following resignations and appointments. read more

Maltina Teacher of the Year: NB calls for entries

Maltina Teacher of the Year: NB calls for entries    Vanguard Nigerian Breweries Plc has announced entries for fifth edition of the 2019 Maltina Teacher of the Year award. read more

International Breweries fetes partners

International Breweries fetes partners    Vanguard International Breweries (IB) Plc, a member of AB InBev Breweries has feted its distributors' and partners across the country for exceptional performance. read more

Banks, others pay N578.114bn dividends to shareholders

Banks, others pay N578.114bn dividends to shareholders    The Punch Fifty companies, including banks, listed on the Nigerian Stock Exchange have issued dividends to their investors, although the payments were descri... read more

Nigerian Breweries PAT declines by 22% in mid-2018

Nigerian Breweries PAT declines by 22% in mid-2018    Vanguard Nigerian Breweries Plc on Monday reported 22 per cent decline in Profit After Tax (PAT) for the half year ended June 30, 2018. read more

Tax Appeal Tribunal Rules That Gratuity Payments Are Tax Exempt - Tax - Nigeria

Tax Appeal Tribunal Rules That Gratuity Payments Are Tax Exempt - Tax - Nigeria    Mondaq News Alerts On 20 June 2019, the Tax Appeal Tribunal (TAT or the Tribunal) sitting in Abia State held that gratuities are tax exempt under the Personal Income Tax (PIT) Act. read more

Kufre Ekanem departs Nigerian Breweries

Kufre Ekanem departs Nigerian Breweries    TheCable After five years as corporate affairs adviser and member of the executive committee of Nigerian Breweries Plc, Kufre Ekanem has left the brewing conglomerate. read more

Stock market extends decline, investors lose N708bn

Stock market extends decline, investors lose N708bn    The Punch Feyisayo Popoola The stock market extended its losing streak on Thursday as it shed N87bn, bringing the total losses to N708bn in seven days. The... read more

NB extends submission deadline for 2019 Maltina Teacher of the Year

NB extends submission deadline for 2019 Maltina Teacher of the Year    The Nation Newspaper Nigerian Breweries Plc has announced the extension of deadline for the submission of entries for the 2019 Maltina Teacher of the Year by two. read more

Nigerian Breweries Plc: Shrinking volume sales raising concerns

Nigerian Breweries Plc: Shrinking volume sales raising concerns    Vanguard THE Q1'18 results of Nigerian Breweries Plc (NB) shows revenues slipped by 9.1% YoY to N83billion, below analysts' estimate of N93 billion (-10.8% deviation). read more

International Breweries Q1 2019 Results Review: Underperform Rating Maintained

International Breweries Q1 2019 Results Review: Underperform Rating Maintained    Proshare Nigeria Limited With Q1 2019 results now providing a basis for y/y comparisons for the first time post-merger, unit volume growth is clearly the primary driver behind International ... read more

NB pioneers first solar powered brewery

NB pioneers first solar powered brewery    The Nation Newspaper Nigerian Breweries (NB) and CrossBoundary Energy yesterday signed Heineken's first solar project in Africa.The project is the first of its kind for Nigeria. read more

Nigerian Breweries blames new excise duty for profit dip

Nigerian Breweries blames new excise duty for profit dip    TheCable Nigerian Breweries says the new excise duty regime introduced by the federal government on alcohol and spirits affected its earnings in the first nine months of ... read more

Stock market rises after presidential election

Stock market rises after presidential election    The Punch Feyisayo Popoola The nation's stock market rose slightly on Monday as investors awaited the final results of the presidential and National Assembl... read more

Nigerian Equities Now Cheapest in Africa

Nigerian Equities Now Cheapest in Africa    AllAfrica.com Long term investors now have very good opportunity to invest in the Nigerian equities market and reap significant capital gains as the market parades some of ... read more

Nigerian Breweries Plc -Stock is expensive right now

Nigerian Breweries Plc -Stock is expensive right now    Proshare Nigeria Limited Last week, Management of Nigerian Breweries (NB) hosted a conference call to discuss its FY 2017 results as well as provide its outlook for 2018. read more

AFCON 2019: The Super Eagles are our stars and continue to shine

AFCON 2019: The Super Eagles are our stars and continue to shine    Pulse Nigeria Nigerian Breweries through its premium Brand, Star Lager has congratulated the Super Eagles for their third-place finish at the 2019 Africa Cup of Nations ... read more

Nigeria Breweries empower 100 artisans, small businesses with N30m

Nigeria Breweries empower 100 artisans, small businesses with N30m    Vanguard Life Continental Lager Beer, a beverage brand in the stables of Nigeria Breweries (NB), has earmarked N30 million for empowerment of 100 artisans and small ... read more

International Breweries to open a $250 million factory in Nigeria, the largest in Africa outside South Africa

International Breweries to open a $250 million factory in Nigeria, the largest in Africa outside South Africa    Pulse Nigeria International Breweries, the Nigerian subsidiary of AB InBev, will commission its fourth production line in Sagamu, Ogun State, Nigeria and the largest in Africa, ... read more

Brewery fetes distributors, trade partners at Gala Night

Brewery fetes distributors, trade partners at Gala Night    Guardian International Breweries Plc, the Nigerian unit of Anheuser-Busch InBev recently hosted its distribution partners across the country to a gala night at the Sheraton ... read more

Nigerian Breweries Activities Not a Threat to Lives, Environment, KEPA Clarifies

Nigerian Breweries Activities Not a Threat to Lives, Environment, KEPA Clarifies    AllAfrica.com The Kaduna State Environmental Protection Agency (KEPA) has dismissed report that the Nigerian Breweries factory in the state was discharging harmful toxic ... read more

Heineken to merge Nigerian breweries

Heineken to merge Nigerian breweries    The Drinks Business Heineken has announced it is to merge its majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc to “fully capitalise” on the future ... read more

Nigerian Breweries Plc Issues Update on TMDK Oil Traders and Police Investigation

Nigerian Breweries Plc Issues Update on TMDK Oil Traders and Police Investigation    Proshare Nigeria Limited We hereby confirm that we have become aware of an on-going investigation emanating from a petition written by one of our suppliers, Messrs TMDK Oil Traders. read more

Gratuities are tax exempted, says tax tribunal

Gratuities are tax exempted, says tax tribunal    Guardian The Tax Appeal Tribunal, South East Zone yesterday ruled that gratuities are tax exempted under the Personal Income Tax Act (PITA). Nigerian Breweries PLC ... read more

AFCON: Star Lager set to thrill fans

AFCON: Star Lager set to thrill fans    The Punch With the Africa Cup of Nations kicking off in a few days, Star Lager Beer is set to thrill fans with unforgettable moments. At a media parley held... read more

Elevating talent in the spirit of SALTVIM

Elevating talent in the spirit of SALTVIM    The Punch Nobody makes a bigger mistake than he who does nothing only because he can do very little” —Edmund Burke “It may not lie within your power to pr... read more

Nigerian Breweries Q2 2018 Results - PAT Declined By -33% YoY and -19% QoQ Respectively

Nigerian Breweries Q2 2018 Results - PAT Declined By -33% YoY and -19% QoQ Respectively    Proshare Nigeria Limited Q2 PBT and PAT of N12.3bn and N8.2bn both declined -26% y/y and -33% y/y respectively. Notwithstanding, we expect a slightly negative-to-neutral reaction by ... read more

Stock market investors lose N528bn in three days

Stock market investors lose N528bn in three days    The Punch Feyisayo Popoola Investors in the nation's stock market lost a total of N5228bn in the last three consecutive days of trading on the floor of the ... read more

Nigerian Breweries celebrates distributors, trade partners at award ceremony

Nigerian Breweries celebrates distributors, trade partners at award ceremony    Guardian Nigeria The 2018 edition of the Nigerian Breweries distributors' award ceremony was used to celebrate prominent distributors and trade partners of the premier brewer ... read more