Again, Nigerian Breweries Increase Beer Prices

Nigerian Breweries Plc has announced another hike in the price of its products after the initial increase in February.

The company had earlier issued a new price review notification to all its customers in the West Zone.

According to a letter dated Monday, February 12, 2024, the price review, effective from Monday, February 19, 2024, is deemed key to offset the impact of increased production expenses.

Meanwhile, on Monday, another press statement dated March 8, 2024, was sent to customers around the West zone and signed by its zonal business manager, Lekan Awosanya, announcing a new price increase.

In the statement, the company stated that the new price review will be effective from Friday, March 15, 2024.

According to the notice, the latest price review is premised on the need to mitigate the impact of rising input costs.

The statement read, “As earlier informed we will review the prices of some of our SKUs effective Friday 15th March 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 15th of March, 2024 will be invoiced at the new prices.”