Brewers groan under the weight of excise duty increase amid revenue and...
Brewers in the country have called on the Federal Government to review its position on the excise duty increase that took effect in June 2018 as it is severely impacting their operations. As quarterly...
View ArticleInt’l Breweries losses continue to pile up as sales growth slows in Q3
International Breweries Plc on Monday reported yet another dismal result for the nine months to the end of September. The brewing company posted a staggering N16.4bn in net loss for the periods of...
View ArticleInt’l Breweries to raise $458m through ‘rights issue’
International Breweries Plc said it plans to raise N165bn ($457.7m) in a share sale as it seeks to pay down mountain debt and reverse losses. According to a Friday report by Bloomberg, current...
View ArticleAB InBev set to inject N123bn in Nigerian operation
Anheuser-Busch InBev (AB InBev) is said to have committed to investing more than N123bn in its Nigerian operation. According to a report by the Nations’ Newspaper, sources at the weekend said AB InBev...
View ArticleBudweiser rewards employees, trade partners
Budweiser, a premium brand of International Breweries Plc, a proud member of the AB InBev family has concluded plans to sponsor top-performing sales staff and distributors to watch select European...
View ArticleYemi Osinbajo commends International Breweries Foundation’s Kickstart programme
Vice President Yemi Osinbajo has lauded International Breweries Foundation, the social investment vehicle of International Breweries Plc, for awarding grants of over N73 million to 90 deserving young...
View ArticleInt’l Breweries names new MD, Finance Director; Degroot, Momoniat to depart...
International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has announced the resignation of its Managing Director, Annabelle Degroot and Finance Director Mr Zuber Momoniat...
View ArticleInt’l Breweries closes N165bn rights issue
International Breweries Plc (“IB PLC”) announced on Sunday that its N165bn rights issue will close on Tuesday 24th December 2019. In a statement from the brewing company, it said that it has received...
View ArticleInt’l Breweries lists additional shares on Stock Exchange
International Breweries Plc (IB Plc) has announced the listing of additional 18.266bn ordinary shares on the Nigerian Stock Exchange (NSE). The additional shares are from its recent rights issue of...
View ArticleYear ends with loss for Int’l Breweries
International Breweries Plc posted yet another loss for the last quarter of the year. The brewing company which is a subsidiary of Anheuser-Busch InBev (AB InBev) posted a net loss of N9.2bn in Q4...
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