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Nigerian Breweries shuts down two of its 9 plants due to ‘persistently challenging business environment’
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Nigerian Breweries Plc (NB plc) has indicated plans for company-wide reorganisation as part of strategic recovery plan which entails the temporary shutting down of two out of its nine breweries in Nigeria.
Following the recent announcement of its business recovery plan, the conglomerate which is a member of the HEINEKEN Group and Nigeria’s pioneer and largest brewing company indicated plans for a company-wide reorganisation aimed at securing a resilient and sustainable future for its stakeholders.
The company said the move is essential to improve its operational efficiency, financial stability and enable a return of the business to profitability, in the face of the persistently challenging business environment.
In letters signed by the company’s Human Resource Director, Grace Omo-Lamai, and addressed to the leadership of the National Union of Food, Beverage & Tobacco Employees (NUFBTE) and the Food Beverage and Tobacco Senior Staff Association (FOBTOB), the company informed both unions that its proposed plan would include operational efficiency measures and a company-wide reorganisation that includes the temporary suspension of operations in two of its nine breweries.
As a result, and in accordance with labour requirements, the Company invited the Unions to discussions on the implications of the proposed measures.
It would be recalled that the company recently notified the Nigerian Exchange Group (NGX) of its plan to raise capital of up to ₦600 billion (Six Hundred billion naira) by way of a Rights Issue, as a means of restoring the company’s balance sheet to a healthy position following the net finance expenses of N189 billion recorded in 2023 driven mainly by a foreign exchange loss of N153 billion resulting from the devaluation of the naira.
Speaking on these developments, Managing Director/CEO Nigerian Breweries Plc, Hans Essaadi described the business recovery plan as strategic and vital for business continuity:
“The tough business landscape characterised by double-digit inflation rates, naira devaluation, FX challenges and diminished consumer spend has taken its toll on many businesses, including ours. This is why we have taken the decision to further consolidate our business operations for efficient cost management and optimal use of our resources for future sustainable growth”.
“We recognise and regret the impact that the suspension of brewery operations in the two affected locations may have on our employees. We are committed to limiting the impact on our people as much as possible by exhausting all options available including the relocation and redistribution of employees to our other seven breweries; and providing strong support and severance packages to all those that become unavoidably affected. We are also committed to supporting our host communities in ways that ensure they continue to feel our presence.”
“We remain wholly committed to having a positive impact on our host communities and our consumers; leveraging our strong supply chain footprint; excellent execution of our route to market strategy; and our rich portfolio of brands across the Lager, Stout, Malt, Soft drinks, and Energy drinks categories; and more recently, Wines and Spirits with the acquisition of Distell”, he added.
The Nigerian Breweries’ business recovery plan includes a Rights Issue and a company-wide reorganisation exercise which includes temporary suspension of two out of its nine breweries in the country and an optimisation of production capacity in the other seven breweries, some of which have received significant capital investment in recent years.
The company reaffirmed its commitment to the long-term future of Nigeria and “stands as a cornerstone of Nigeria’s beverage industry.”With over 77 years of operations, the company said it would continue to demonstrate its enduring commitment to the Nigerian market and its people.
Incorporated in 1946 as “Nigerian Brewery Limited,” NB Plc made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line.
Today, it has a rich portfolio of 21 high-quality brands, including iconic brands like Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz, and Legend produced from nine breweries and distributed nationwide.
NN Plc recently added to its portfolio with the acquisition of an 80% business stake in Distell Wines and Spirits Limited, a local business in the wines and spirits category, as a demonstration of its resilient and forward-thinking strategy to deliver long-term value creation for its shareholders and other stakeholders.
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Court sentences two Ekiti teachers to 44-year in prison for raping pupils
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A High Court in Ekiti, sitting in Ado Ekiti, has sentenced two teachers to 44 years of imprisonment for committing rape, without the option of a fine.
During the proceedings, the prosecution, represented by Kunle-Shina Adeyemi, stated that the defendants, Gbenga Ajibola, 43, and Olaofe Ayodele, 52, were charged before Justice Adeniyi Familoni on March 2, 2022, with three counts related to rape and the misuse of their authority.
The court was informed that the defendants had, in November 2019, raped two female students aged 17 and 15, whose names have been withheld for privacy reasons.
According to him, the offence contravened Section 31(2) of the Childs Right Law, Cap. C7, Laws of Ekiti State, 2012.
In her testimony before the court, one of the victims said that one of the convicts, Ajibola, was her computer teacher, and always disturbing her while in class.
“On this fateful day, he told me to be in mufti and gave me N200 to go and wait for him in front of a filling station along Bank Road. He later came there alongside Mr Olaofe, but before they came, one of my classmates also met me there, he told me that Mr Olaofe asked her to wait here for him. When they came, we all left for a hotel, around the Oke-Ila area of Ado Ekiti, on getting there, we were taken to different rooms where Mr Ajibola had sexual intercourse with me. After that day, he continued to disturb me, when I could no longer bear it, I narrated what happened to my mother who later took the matter up,” she narrated.
To prove his case, the prosecutor called four witnesses and tendered statements of the victims and defendants, medical reports, as well as report of the panel of enquiry among others as exhibits.
Also, Counsel to the defendants, Lawrence Fasanmi called six witnesses to prove his case.
In his judgement, Justice Familoni said, the defendants shared their minds and mulled the voice of conscience as they took advantage of the victims with reckless abandonment.
“They deserved severe panel sanction for their misdeeds to serve as a warning and deterrent to others who may want to follow their footsteps,”.
Justice Familoni thereby sentenced the defendants, Ajibola Gbenga and Olaofe Ayodele to 20 years imprisonment each without an option of fine on count one and two years each on count two without option of fine, making 44 years imprisonment, saying that it should run concurrently.
(NAN)
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Uba Sani no longer considered a friend anymore – El-Rufai
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Nasir El-Rufai, the former Governor of Kaduna State, has declared that he no longer maintains a friendship with his successor, Uba Sani.
This statement was made during an interview with Arise TV on Monday, marking Mr. El-Rufai’s first media appearance since concluding his term in 2023.
It is noteworthy that Governor Sani previously served as Mr. El-Rufai’s political adviser during his initial term from 2015 to 2019.
Mr El-Rufai then supported Mr Sani to replace Shehu Sani as the senator for the Kaduna Central district in 2019, before also supporting Mr Uba Sani in succeeding him in 2023.
In his Monday interview, Mr El-Rufai said the Kaduna governor was being used to fight him by Nuhu Ribadu, the National Security Adviser.
“Uba Sani has been my friend for many many years, but not anymore, because the concept of friendship is to be there for you when you need them the most. Uba Sani and Ribadu used to be my friends. But I think something happened. Not anymore.”
When asked if he is still relevant in Kaduna politics, Mr El-Rufai said time shall tell.
“If I am relevant in Kaduna State or not? Well, we will see who is more relevant when the time comes.”
On the investigation of his administration by the Kaduna State House of Assembly, Mr El-Rufai said nothing was found against him.
“I read the report of the Kaduna State Assembly that so so billions were siphoned. They did not state from where to where, money cannot just disappear. I told all my commissioners to calm down. We have been invited by ICPC, they found nothing yet. The EFCC has also done their investigation and nothing was discovered,” he said.
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Afenifere appoints Oba Oladipo Olaitan to succeed Ayo Adebanjo
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Pan-Yoruba socio-cultural organisation, Afenifere, has nominated Oba Oladipo Olaitan as the successor of the late Leader of the group, Chief Ayo Adebanjo.
This was contained in a communique jointly signed by Chief Sola Ebiseni and Justice Faloye, Secretary General and National Publicity Secretary of the group respectively and made available to newsmen in Akure, Ondo State capital on Tuesday.
The decision was taken at the regular monthly General Meeting of the group on Tuesday, February 25, 2025, at the country home of the late Leader, Chief Ayo Adebanjo at Isanya-Ogbo, Ogun State.
Oba Olaitan will be working in acting capacity until the final burial of the late Chief Ayo Adebanjo, who died at age 97 years old.
At the meeting, which was attended by delegates from the six South West states, Kogi, Kwara and the Itsekiri of Delta State, Afenifere, formerly formally briefed the delegates of the demise of The Leader, Chief Ayo Adebanjo.
They proudly acknowledged the enviable contributions of our the late Leader to nation-building as reflected by the glowing tributes in his memory from all walks of life within Nigeria and the world over.
Also, they commiserated with the children and the immediate family members of our Leader and applauded them for their untiring courteous engagement of large number of people who daily throng the Lekki, Lagos and Isanya-Ogbo, Ogun State residence of our great Leader.
At the meeting, the delegates “considered the recommendations of the National Caucus and approved the appointment of Oba Oladipo Olaitan as the new Leader of Afenifere.”
The communique reads in parts: “Oba Olaitan was called to the Nigerian Bar as a lawyer in 1971, a Political Adviser to Governor Lateef Jakande and member of the Lagos State Executive Council 1979-1983; elected Member House of Representatives and Leader of AD in the House 1999-2003.
“He has been a member of Afenifere for over 45 years serving in various capacities including the National Financial Secretary under the leadership of Chief Reuben Fasoranti and Deputy Leader under Chief Ayo Adebanjo.
“Oba Olaitan will function as the Leader in acting capacity till after the final burial of Papa Ayo Adebanjo when he will assume the office as substantive Leader.”
According to the communique, Oba Olaitan “in his acceptance speech, the new Leader committed himself to the ideals of Afenifere as a social political organisation and unrelenting advocate of restructuring and true federalism adding that he would ensure the unity of the organisation.”
Afenifere decried the incessant kidnap incidents between Ondo and Kogi states, charging the governor’s of both states to arrest the situation.
The communique reads: “Afenifere decried the worsening security situation in the country. Members received reports of a young man, Prince Eniola Ojajuni, the videos of whose ordeal, in the den of kidnappers have been on social media for almost a week.
“The Meeting called on the governments of Ondo and Kogi states around which common boundaries the kidnapping was reported to have taken place and the relevant security agencies to act without further delay and ensure the rescue and safety of the young man.”
The delegates at the meeting include The Leader, Oba Oladipo Olaitan, Senator Femi Okunrounmu, Senator Gbenga Kaka, former Deputy Governor of Ogun State, Pekun Awobona, Chief Tola Mobolurin, Tokunbo Ajasin, Engr. Bayo Adenekan, Hon Leke Mabinuori, Olayemi Olajuyinu; Olu Pessu, Chief Olusegun Olawoyin.
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