Tag: Nigerian Breweries

  • Nigerian Breweries appoints Doyer MD

    Nigerian Breweries appoints Doyer MD

    The Board of Directors of Nigerian Breweries Plc has announced the appointment of Mr. Johan Antonie Doyer as the Company’s new Managing Director/CEO. Mr. Doyer’s appointment takes effect on June 16 on an interim basis pending the appointment of a substantive Managing Director/CEO. Mr. Doyer will succeed Mr. Nicolaas who has been appointed as the Managing Director of Heineken Asia Pacific Region.

    A statement by Corporate Affairs Adviser  Kufre Ekanem said Doyer joined Heineken Netherlands in 1978 as Product Manager and subsequently held senior Marketing management positions in different regions. He became the General Manager in Vietnam followed by La Reunion, Burundi, Democratic Republic of Congo, Chile and the Sedibeng Brewery in South Africa. Mr. Doyer retired from Heineken in July 2015 as the Managing Director of Heineken Ethiopia. While in Ethiopia, he was responsible for building the new company, integrating two acquired breweries, building a new brewery, launching new brands and overseeing the tripling of that company’s volume. He set the stage for the growth Heineken Ethiopia has recorded.

    The Board is confident that Mr. Doyer’s wealth of experience stands him in a very good position to help the Company continue its twin strategy of Cost Leadership and Market Leadership towards sustaining the Company’s leadership position in the market and its philosophy of Winning with Nigeria.

  • Endorsement galore for Nigerian Breweries

    The Governor of Kaduna State, Mallam Nasir Ahmad el-Rufai, has commended Nigerian Breweries Plc for its role in the economic development of the state, stressing that the company remains the biggest tax payer in Kaduna State.

    The governor, who was at Nigerian Breweries Stand at the just concluded Kaduna Economic and Investment Summit (KadInvest 2.0), said Nigerian Breweries plays a big role in the state as far as investment and economic growth are concerned and remains a concrete testimony of the friendly business and investment environment the state is promoting.

    El-Rufai, accompanied by APC’s national chairman, Chief John Odigie Oyegun, Kano State Governor, Alh. Umar Ganduje, and his Zamfara State counterpart and Chairman of the Nigeria’s Governors Forum, Alh. Abdullazeez Abubakar Yari, as well as the Deputy Governor of Jigawa State, Barrister Ibrahim Hassan, maintained that Nigerian Breweries Plc was a shining example in corporate Nigeria and a strategic partner for development in the state given its huge investments and social intervention programmes in Kaduna.

    Earlier, while welcoming the governor and his entourage to the stand, the Corporate Affairs Adviser of Nigerian Breweries Plc, Mr. Kufre Ekanem, said Kaduna State was a friendly environment for investment and has been home to Nigerian Breweries since 1964 when its first brewery was built in Kakuri.

    Ekanem thanked the Kaduna State Government for its support over the years, stressing that the company will continue to be a partner for growth and development in the state in line with its commitment to supporting the development aspirations of its host governments and communities.

    He commended the governor for his commitment to the promotion of investment and economic growth in the state, pointing out that Kaduna remains a home for Nigerian Breweries, given its successful operations in the state for over 50 years.

    “We want to remain an active development partner to the state and look forward to working closely with you in this regard. This is what informs our support not only for this Summit but also other initiatives designed to make the business environment in Kaduna more conducive and friendly,” he added.

    Nigerian Breweries Plc is the leading and pioneer brewing company in Nigeria and the second most capitalised company on the Nigerian Stock Exchange. With over 120,000 indigenous shareholders, the company supports an employment impact of over 500,000 people through its value chain. Nigerian Breweries currently operates two breweries and one malting plant in Kaduna State and has continued to make strategic interventions in the development of education, health, water, agriculture, sports, etcetera in the state.

  • Nigerian Breweries to pay N28.4b dividend

    Nigerian Breweries to pay N28.4b dividend

    The board of directors of Nigerian Breweries (NB) Plc has approved the distribution of N28.4 billion to shareholders as cash dividend for the 2016 business. The gross dividend however represented 25 per cent reduction in cash dividend, following the same contraction in the net profit of the brewing giant.

    NB, Nigeria’s second largest quoted company earlier this week released its audited report  and accounts for the year ended December 31, 3016 showing a growth of 6.75 per cent in sales against 25.4 per cent decline in profit after tax.

    NB’s share price rose by 4.18 per cent to close at N119.81 on Monday and further rose by 4.33 per cent to N125 yesterday at the Nigerian Stock Exchange (NSE). The price appreciation by the second most capitalised company has sustained a modest rally at the Exchange in spite of widespread negative sentiments.

  • How Nigerian Breweries drives social campaigns

    How Nigerian Breweries drives social campaigns

    Despite the economic recession, which has affected businesses’growth and made many firms to cut down on corporate social responsibility (CSR) spend, Nigerian Breweries still takes CSR as a priority, writes ADEDEJI ADEMIGBUJI. 

    Experts have identified poverty, lack of portable water, corruption, poor basic health care facilities, ill-funded and equipped educational system, environmental degradation and pollution, militancy and insurgency as some of the social problems facing Nigeria.

    Their hope that the government  would tackle some of these challenges has remained elusive over the years. While they wait for  manna to fall from the seat of power, most corporate organisations offer some respite, despite tough operating environment.

    According to an investor, though companies are not saddled with providing basic amenities like the government, “as people in the world of business, we cannot look away. The world of business can lay claim to many fantastic achievements, but we must not forget our involvement in many of the problems. We must commit ourselves to finding solutions. I believe that the role of business is to make the world a better place for everyone”.

    The investor explained that while businesses must make sense economically, it must also be environmentally and socially responsible.

    The World Business Council for Sustainable Development, in a recent report noted: “Corporate social responsibility (CSR) is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.”

    According to Social Enterprise Reporting and Accountability (SERA), the total spend on CSR by companies in Nigeria increased from a little over N600 million in 2006 to N30 billion in 2013, while over N27.8 billion was spent in 2014. Though figures for last year were not available, they are not likely to be less.

    For Nigerian Breweries (NB), there are no better ways to support the society where it has continued to benefit immensely from.

    Its yearly Golden Pen Award; Maltina Teachers Award; Beer Academy and Summit, among others, are some of its CSR programmes.

    Driven by a vision to “win with Nigeria” and be responsible to its  stakeholders, the company has been supporting national development aspirations.

    These have earned for the giant brewer several awards. For instance, the brewer was named the Best Company in Responsible Consumption and Production in the year. It clinched the honours at this year’s Nigeria CSR Awards – The Social Enterprise Report and Awards (SERA) held in Lagos.

    In 2014, the company was also named the Overall Winner, Most Socially Responsible Company in Nigeria. In that year, it won four awards – The Best Company in Infrastructure, Best Company in Supply Chain, CSR Practitioner of the Year and the overall Best Company in CSR, confirming its position as the most socially responsible corporate citizen in the country.

    Besides, NB has also embarked on promoting responsible beer consumption.

    To do this the brewer brought   microbiologists, dieticians, nutritionists, medical doctors, and sociologists, among others, to its National Beer Summit to address the issues.

    This year’s symposium entitled: ‘Beer and culture’ was attended by  top celebrities which held at Eko Hotels, Victoria Island, Lagos.

    NB Managing Director, Mr. Nicolaas Vervelde  said the aim of the symposium was to share knowledge on beer consumption.

    Lagos State Governor, Mr. Akinwunmi Ambode, lauded NB   for its CSR intervention in employment through investment in agriculture and corporate backward integration.

    During a visit to NB, he said agriculture, which is once the mainstay of the economy, would only thrive when backward integration is encouraged by not just the government, but corporate organisations, such as NB.

    “With the thousands of jobs you have created through your sorghum and cassava value chains, it is clear that we can use agriculture and backward integration to revive and reflate this economy. We would like to partner with you in this regard to increase employment in Nigeria,” the governor said.

    He lauded the management of the company for taking the initiative to engage over 250,000 farmers in its sorghum and cassava value chain, saying that it has gone a long way in providing jobs for the people.

    “I am excited that you are employing about 250,000 farmers in your value chains and that you also have 4000 direct employees.You create jobs for Lagosians and we are very happy that you are part of the success story of our Lagos. People employed in all the beer parlours and restaurants are part of the indirect jobs that you have created for Lagosians,” he said

    The governor congratulated the company on its 70th anniversary and praised it for being a responsible corporate citizen, adding that it had done better than other firms in CSR in the state.

    The governor pledged the continued co-operation of the state for NB. “We are part of this partnership and we shall do all to support it,” he said.

    NB Technical Director, Mr. Henk Wymenga, listed the company’s socio-economic impact in Lagos to include job creation, compliance in  taxe payment, local sourcing of raw materials, including the company’s sorghum and cassava value chain as well as its long-term sustainability agenda, “Brewing a better world.”

    As a result, Lagos signed a Memorandum of Understanding (MoU) with Nigerian Breweries on the ‘One Lagos Fiesta’.

    Also, recently the Federal Road Safety Corps (FRSC) and NB restated their commitment to reduce road crashes, particularly those caused by drunkenness.

    Announcing the commencement of the eighth yearly ‘Don’t drink and drive’ campaign, an initiative of NB with FRSC in Lagos, the organisations said there was the need for effort on responsible consumption of alcohol.

    The company is also collaborating with about 12 global alcohol business in five key areas, such as: under-age drinking, marketing code of practices, consumer information and product innovation, drink-driving and retailer support.

    Two years ago, NB and the FRSC organised a “Don’t drink and drive” campaign in four states, covering 1,080 commercial drivers.

    The company’s deal with the FRSC had, in the last six years, been directed at communication to change drivers’ behaviour towards alcohol. Also, in collaboration with the International Centre for Alcohol Policy (ICAP), the company had embarked upon an evaluation of previous enlightenment programmes directed at the primary target groups.

    Meanwhile, not a few industry watchers consider NB’s bold steps at leading moderate drinking a huge risk. They argued that for a product that requires huge volume sales to make profit, educating the public on risks associated with beer abuse may be considered counter-productive.

    However, for a company that believes that decisions should be based on the knowledge  of their environment, products and services, NB has decided to continue to win the consumers by advocating moderation in alcohol intake.

  • Nigerian Breweries creates multiple income streams for businesses

    The UEFA Champions League Season 2016/2017 sponsored by Heineken presents huge business opportunities for enterprises that connect with the game. It is also an avenue for fans and their friends to not only watch the game but create spectacular moments they would cherish forever.

    By sponsoring this year’s Champions League and promoting the Heineken brand, Nigerian Breweries is creating opportunities for businesses to connect with the round leather game and generate multiple income streams to improve companies’ bottom-lines.

    Brand Manager, Heineken, Nigeria Breweries Plc, Obabiyi Fagade, who captured the essence of the game and his company’s involvement, said that Champions League which kicked off last month, and football in itself, presents a lot of opportunities for the fans, their friends and chain of businesses that connect with the game.

    “We are working on how to get more businesses involved in the game to enable them get more income,” he disclosed during the kick-off of the UEFA Champions League Season 2016/2017 with group viewing by football fans, at the Landmark Event Centre in Lagos.

    He therefore urged the youths to not only watch the game, but explore the opportunities that come with it.

     “UEFA Champions League is a premium football event featuring quality players. The best of the teams across Europe play in the Champions League. Heineken is also known very well across the world. It is best brewed and is also consumed by a lot of people. So, there is a connection between Heineken and the UEFA Champions League. This season, we are telling our consumers not to just to watch the league, but to prepare for it, plan for it and explore the opportunities that come with the game,” he said.

    On getting more people view the UEFA Champions League with greater convenience, Fagade said: “We will be around in different parts of Lagos, Port Harcourt, Enugu and other parts of the country to create a worthwhile experience for football lovers during this season. We want them to get the Heineken experience. Our retail outlets have partnership with DSTV to ensure that the broadcast is done in a way that everybody can access it. It is also to ensure that more people have access to viewing the game in a legal way.”

    Fagade said the event was also an opportunity for hundreds of football lovers to witness the unveiling of Heineken’s TV commercial featuring Manchester United coach, Jose Mourinho, who stirred up a storm as the new UEFA Champions League season first round of matches kicked off.

    He said the company takes the quality of the product very seriously. “We ensure we do not compromise on the quality of Heineken, so that every young Nigerian that is drinking it will say, ‘oh yes, I am holding a premium brand across the entire world.’

    “Basically, we are telling consumers not to just watch Champions League, we are also telling them to champion the match. They should prepare with their friends, have a plan and enjoy themselves.”

    Some of the fans who spoke to The Nation on this year’s UEFA Champions League, said the involvement of Heineken in the game sponsorship would make it a worthwhile experience. Michael Abiodun, who was at the Landmark Centre to witness this year’s kick-off of the league, said it gave him an opportunity to connect with the Heineken brand.

    Another fan, Maureen Azuka, said she came to the viewing centre with her fiancé. “We had great fun watching the first match on this year’s UEFA Champions League live. We want Heineken to keep up the good job,” she said.

    The commercial is part of Heineken’s ‘Champion the Match’ campaign and launches on TV and digital channels to coincide with the new season. The film sees Mourinho deliver a passionate and motivational address to fans across the globe. He challenges them to prepare for match night, no matter where they are in the world and no matter what time zone they are in.

    Senior Director Global Heineken Brand, Gianluca Di Tondo, said; “Preparing for UEFA Champions League match night makes the experience even better. With a little bit of thought and effort, fans and their friends will have a greater experience. Sometimes, a little inspiration is needed, and who better to motivate them to ‘Champion the Match’ than Jose Mourinho.”

     

  • Nigerian Breweries renovates PHC

    It was excitement all the way as residents of Akerele, Surulere on Lagos Mainland, trooped out for the inauguration of the renovated Akerele Primary Health Care Centre (PHC) by the Nigerian Breweries.

    Majority Leader at the House of Representatives, Femi Gbajabia-mila, was there.

    The sections renovated were the general outpatient, child welfare and cold chain office. The maternity was renovated two years ago.

    According to the Corporate Affairs Adviser, Nigeria Brewries Plc, Mr Kufre Ekanem, the rationale for the project was the fact that “effective primary health care is important for the country. Effective delivery of vaccinations, maternal care and treatment of common diseases, such as malaria is essential for the achievement of Sustainable Development Goals (SDGs).”

    He added: “This year marks the 70th anniversary of our operations in the country. Through these decades, we have partnered with and supported the development aspirations of the people of Lagos. This project is a fulfillment of out bewing a better world initiative. In particular it fits into one of the six focuses of the sustainability agenda: Grwoing with com-munities.”

    Gbajabiamila thanked the company for the gesture, saying after 70 years of utilising resources and partnering with the area, there was nothing too big to give back.

    “Surulere is a peaceful area of the state. The residents deserve the very best. Your effort is recognised. You can do more for a community that has hosted you for 70 years,” he said.

  • Nigerian Breweries restates commitment to media growth

    Nigerian Breweries restates commitment to media growth

    NIGERIAN Breweries Plc yesterday reiterated its commitment to the development of the media industry.

    NB’s Media Relations Manager Chukwuemeka  Aniukwu  said  the development of a viable media was possible with continued investment in journalism and in competition to enhance quality of reporting.

    He spoke during a visit by Nigerian Breweries and TPT International, to the corporate office of Vintage Press, publishers of The Nation, in Lagos.

    He said his organisation recently celebrated some reporters for their outstanding reports, through its Golden Pen Awards.

    Aniukwu  noted that Assistant Editor Seun Akioye  won the Best Reporter of the Year,  for his story: Even the Rich Envy us the Way we Live, an expose on Dustbin Estate, a community in Ajeromi-Ifelodun Local Government Area of Lagos.

    He said the company is receiving entries for the Eighth edition. Aniukwu called on the management of the company to encourage staff to participate in the competition.

    Mr Gbenga Omotoso, the editor, said the company would support the competition and encourage staff to participate.

  • Nigerian Breweries records mixed performance in first half

    Nigerian Breweries records mixed performance in first half

    Nigerian Breweries (NB) Plc, Nigeria’s second most capitalised company, grew its top-line by four per cent but profit after tax dropped by 11 per cent in the first half as the brewer struggled with foreign exchange (forex) and sluggish demand.

    Key extracts of the interim report and accounts for the six-month period ended June 30, 2016 showed that the company recorded a revenue of N157.37 billion for the first half of 2016 as against N151.67 billion declared in the corresponding period in 2015. The results show that the results from operating activities of the company improved by 0.10 per cent from N33.90 billion in the first half of 2015 to N33.94 billion in the corresponding period in 2016.

    Further analysis, however, showed that profit before tax  dipped by 17.64 per cent from N33.99 billion to N25.52 billion while profit after tax dropped by 11.24 per cent to N19.06 billion in first half 2016 as against N21.47 billion recorded in the same period in 2015.

    The Board of Directors of the company blamed the decline in the company’s net profit on forex losses.

    The board stated that despite a lower interest cost from the Commercial Paper Programme, profit after tax declined by 11 per cent, mainly due to foreign exchange losses arising from the rates going up last month.

    In a statement, the board stated that in the first half of 2016, the company was able to deliver top line growth with revenue increasing by four per cent compared to the first six months of 2015, adding that rising inflation combined with higher inputs costs as a result of scarcity of foreign exchange, led to a flat operating profit compared with the preceding year.

     

  • Stock Exchange touts Nigerian Breweries for premium board

    Stock Exchange touts Nigerian Breweries for premium board

    The Nigerian Stock Exchange (NSE) has hinted that Nigerian Breweries might be added to the Exchange’s premium board as investors continued the bargain-hunting for the shares of the breweries stock.

    Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, during a working visit to the Nigerian Breweries in Lagos, said Nigerian Breweries was qualified to join the Exchange’s Premium Board, the listing segment for the elite companies that meet the Exchange’s most stringent corporate governance and listing standards.

    There are three companies currently listed under the premium board including Dangote Cement, FBN Holdings and Zenith Bank International.

    Onyema commended Nigerian Breweries for her commitment to corporate governance standards.

    The NSE CEO who led officials of the Exchange on the visit noted that part of his agenda is to consolidate his relationship with quoted companies on the Exchange.

    He said his team will strive to ensure the Exchange continues to be a more robust platform that will attract the confidence of local and foreign investors.

    In his remarks, managing director, Nigerian Breweries, Mr. Nicolaas Vervelde noted that corporate governance remains the only tool to increase the credibility of the Exchange and urged the NSE to continue with improvements in that regard.

    He pointed out that Nigerian Breweries has grown from its humble beginnings as a company that started 70 years ago with one brewery to 11 breweries spread across the country.

    He added that the company has over 4,000 workers in its direct employment while the company is also one of the highest dividend paying entities with 120,000 shareholders.

    Nigerian Breweries’ share price rose by 96 kobo to close at N97 per share. Okomu Oil Palm recorded the highest gain of N1.50 to close at N31.50 while Dangote Cement followed Nigerian Breweries with a gain of 88 kobo to close at N164.

    The equities market was on the uptrend as aggregate market value of all quoted companies rose by 45 billion to close at N8.904 trillion as against its opening value of N8.859 trillion. The All Share Index (ASI) improved from 25,755.01 points to close at 25,885.31 points.

    Total turnover stood at 214.95 million shares valued at N1.35 billion in 3,327 deals.