News
Beer consumers to pay more as Nigerian Breweries increases prices
By Kayode Sanni-Arewa
Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from April 9, 2024, after it had made similar announcements in February and March 2024.
A price review notification the Nigerian Breweries issued on April 5 to all direct customers in its west zone notified them “of the price review for some of our SKU’s, which takes effect from Tuesday, April 9, 2024.”
The notification, which was signed by its Zonal Business Manager-West, also said that “all open orders in our system at 00.00 hours on April 9, 2024, will be invoiced at the new prices.
“For further clarification, please do not hesitate to contact your regional business manager.”
The latest price review would affect 45 products that are manufactured by the company and also cut across its alcoholic and nonalcoholic products such as beer, malted, and other drinks.
The affected brands included Export, Goldberg, Gulder, Heineken, Life, More Lager, Star, Star Lite, Star Radler, and Tiger beers. Others are Amstel Malta, Maltina, Hi Malt Fayrouz products, etc.
The Nigerian Breweries had notified its distributor that it would increase the prices of its products on March 15, 2024, after a similar exercise on February 19, 2024.
The company had attributed the review of its prices in March to the continued rising input cost and the need to mitigate the impact.
It stated: “As earlier informed, we will review the prices of some of our SKUs effective Friday, March 15, 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.
“All open orders in our system at 00.00hrs on Friday, March 15, 2024, will be invoiced at the new prices.”
The notification added that “while thanking you for your commitment to our great partnership, be rest assured that we will continue to support your sales/distribution efforts as always
“For further clarification, please do not hesitate to contact your regional business manager. Happy selling!”
The brewery issued a similar “Price Review Notification” to all its direct customers in the west zone on February 12, 2024, for another price adjustment that commenced on February 19, 2024.
The notification said: “Please accept our best compliments! This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday, February 19, 2024. This review has become necessary because of continued rising input costs and the need to mitigate the impact.
“In appreciation of our great partnership and your commitment, we will deliver at current prices all open orders that are fully funded and created in our system before 00.00hrs on Monday 19th February 2024.”
It, however, explained that orders exceeding the communicated quantity window will be subject to the revised pricing.
“The exact quantity of orders that will be allowed will be communicated to you by your regional business manager (RBM). Any order over this quantity will be re-invoiced at the new price on February 19, 2024,” the statement added.
Earlier in August 2023, the Nigerian Breweries also carried out a price hike on its selected products, which took effect from August 10, 2023.
It would be recalled that the company booked a net loss of N106 billion in its audited result for 2023 due to the steep depreciation of the Naira.
It, however, recorded an operating profit of N44.5 billion.
Highlights of its 2023 report included an increase in revenue by 9.0 per cent while its cost of sales increased by 15 per cent.
(THISDAY)
President Bola Tinubu has departed Galeao Air force Basa (SBGL) Airport, Rio de Janeiro, Brazil, on Saturday, for Abuja after attending the 19th G20 Leaders Summit in Rio de Janeiro, Brazil.
The President is due to arrive at the Presidential Wing of Nnamdi Azikiwe International Airport, Abuja, at 10.00 p.m. (Nigerian time).
President Tinubu had attended the G20 Leaders summit where he endorsed the global alliance against hunger and poverty, which he said was pivotal.
The President also held bilateral talks with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), who commended his administration’s economic reforms and their positive indicators.
He also presided over the signing of a 2.5 billion dollar Letter of Intent between the Nigerian government and the JBS S.A., a Brazilian company and one of the top three largest meat processing companies in the World.
The president was accompanied in the trip by senior government officials including the minister of foreign affairs yusuf Tuggar, the national security adviser, Nuhu RIBADU and many others.
In commemoration of this year’s International Day for the Elimination of Violence Against Women, the House of Representatives will lead a landmark march on Monday, November 25, 2024, along with other strategic activities as part of its unwavering commitment to eradicating gender-based violence (GBV) in Nigeria.
This was contained in a statement issued by the HoR spokesperson, Rotimi Akin, Jr on Saturday.
According to him the march, which starts at 8:00 AM, will bring together over 1,000 participants – including Representatives and members of the public – on a symbolic walk from the National Assembly to the Headquarters of the Nigeria Police Force.
This demonstration of solidarity will culminate in the submission of a petition to the Inspector General of Police, demanding decisive action to safeguard vulnerable populations and ensure accountability for perpetrators of GBV.
“This march and the associated activities are not just symbolic gestures, they reflect our resolve and call to action against gender-based violence head-on,” said Hon. Abbas Tajudeen,, Speaker of the House of Representatives.
“We stand united in the fight to protect the rights and dignity of all Nigerians, especially the most vulnerable. Together, through collective action and legislative reforms, we can build a society where safety, justice, and equality prevail.”
Beyond the march, the 10th House of Representatives in alignment with its Legislative Agenda (2023 – 2027) has outlined *key activities to sustain awareness and action throughout the 16 Days of Activism:*
1. *Sash Demonstration Ceremony* – Tuesday, November 26, 2024
Members of the House will don orange sashes, symbolising solidarity with the fight against GBV, during plenary sessions throughout the campaign period.
2. *Convergence of State Assembly Speakers* – Monday, December 9, 2024
A strategic meeting at the Transcorp Hilton, Abuja, will bring together Speakers of State Houses of Assembly to discuss legislative strategies for combating GBV nationwide.
3. *National Citizens’ Summit and GBV Conference 2024 -* Tuesday, December 10, 2024
This summit will conclude the 16 Days of Activism with discussions on constitutional reforms and securing endorsements for gender equality initiatives championed by the House.
The House of Representatives invites all Nigerians to *participate in this historic march on Monday, November 25, 2024.* Participants will receive orange T-shirts—the official colour of the United Nations campaign to end violence against women—symbolising hope for a future free of violence.
*Details of the March:*
• *Date:* Monday, November 25, 2024
• *Time:* 8:00 AM
• *Starting Point:* Speaker’s Car Park, National Assembly
• *End Point:* Nigeria Police Force (NPF) Headquarters
Gender-based violence continues to devastate families and communities across Nigeria. The 10th House of Representatives however, remains steadfast in driving systemic reforms, fostering collaboration, and championing accountability to address this pervasive issue.
Together, let us take a decisive stand for justice, equality, and the protection of human rights, paving the way for a safer, more equitable Nigeria.
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