Nigerian Breweries and Guinness Nigeria plan price increases on select products as rising operational and input costs continue to pressure manufacturers in Nigeria’s beverage industry.
Strong productivity, cost discipline, and ownership transition drive Guinness Nigeria’s return to profitability after previous year loss.
Guinness Nigeria reports a strong financial recovery, posting ₦26.3 billion (US$18.01M) profit after tax and doubling its revenue growth.
The brewer reports strong financial turnaround, buoyed by higher sales, reduced forex losses, and improved operational efficiency.