13 February, 2024

Nigeria: Nigerian Breweries announce price hike amid rising production costs

The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West Zone, Nairametrics reported on February 13.

According to the statement, the price adjustments, effective from Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses.

Although the company assured customers with fully funded and system-registered orders before the specified date will be honoured at the existing prices.

However, any orders exceeding the communicated quantity window will be subject to the revised pricing.

Insider sources reveal that this is the third price adjustment in the year that the FMCG company is reviewing its prices.

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