Nigerian Breweries announce beer price hike




Nigerian Breweries, Nigeria’s beer producers, has announced an upward review of its prices amid soaring inflation in Nigeria.

The company disclosed this in a recent statement by its Zonal Business Manager(West), Lekan Awosanya.

According to Awosanya’s statement, the new policy is expected to take effect from Monday, February 19 2024.

The company blamed the price review on rising production and inflation input costs.

“Please accept our best compliments! This is to inform you that we cannot 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, February 19, 2024.

“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.

“While thanking you for your commitment to our valued partnership, be rest assured that we will continue to support your sales/distribution efforts as always.

“For further clarifications, please do not hesitate to contact your Regional Business Manager”, the company stated.

The new prices of Nigerian Breweries are:


STAR – N850

33 EXTRA – N850


LIFE – N,850

LEGEND – N1,250 and

TIGER – N750

Nigerian Newssphere that Nigerian Breweries posted a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating an 860 per cent loss.