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Home In the News

Again, Nigerian Breweries increases prices of beer

Ademola Damilola by Ademola Damilola
March 11, 2024
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Again, Nigerian Breweries increases prices of beer
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Nigerian Breweries Plc has declared an additional adjustment in the pricing of its products, following a previous hike in February. The company distributed a fresh price revision notice to its clientele in the West Zone, clarifying that the decision is imperative to counterbalance the escalating production expenditures.

In a communication dated Monday, February 12, 2024, the revised prices, effective from Monday, February 19, 2024, were detailed. Subsequently, on Monday, a subsequent press release dated March 8, 2024, was disseminated to customers in the West Zone. Signed by the Zonal Business Manager, Lekan Awosanya, the announcement disclosed yet another price augmentation, citing the need to offset the mounting input costs.

The statement outlined, “As previously communicated, we will be revising the prices of select SKUs starting Friday, March 15, 2024. This adjustment is imperative due to the persistent increase in input costs and the necessity to mitigate the impact. All existing orders in our system as of 00:00hrs on Friday, March 15, 2024, will be invoiced at the revised prices.”

Expressing gratitude for their customers’ steadfast commitment and partnership, the company assured dealers of sustained support in sales and distribution. Nigerian Breweries is renowned for producing a diverse range of beverages, including Star Lager Beer, Gulder Lager Beer, Legend Extra Stout, Heineken Lager Beer, Life Continental Lager, Ace Passion, Star Lite and Star Radler, 33 Export Lager Beer, Williams Dark Ale, Turbo Kings Dark Ale, More Lager Beer, Star Radler Red Fruits, and Desperados, among others.

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