Rising Production Cost, Inflation: Nigerian Breweries Increases Beer Prices

Nigerian Breweries Plc has increased the price for its Stock-Keeping Units (STUs) over the rising costs of importation.

This was stated in a letter signed on Monday, February 12, 2024, by Lekan Awosanya, Zonal Business Manager (West), he said, “the price revision, set to take effect from Monday, February 19, 2024, is considered essential in order to counterbalance the influence of rising production costs.

“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 cost and the need to mitigate the impact,” the statement indicated

In appreciation of our great partnership and your commitment, we will deliver at the current prices all open orders that are fully funded and created in our system before 00.00hrs on Monday, 19th February 2024.

“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.”

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