Nigerian Breweries announces another price adjustment in two months

Two months after the previous increase, the Nigerian Breweries Plc has announced its decision to implement another round of price adjustments for its products.

The new price regime is to take effect from March 15, 2024, a development that will impact customers in the South-West region.

The company’s Zonal Business Manager(West), Lekan Awosanya, outlined the rationale behind the move in a notification sent customers.

The notification attributed the decision to the consistent rise in input costs, necessitating the adjustment to offset the mounting expenses by the company.

“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 costs and the need to mitigate the impact,” the company said in the statement.

The notification explained that all open orders in the system as of 00.00hrs on Friday, March 15, 2024, would be invoiced at the new prices, indicating the immediate implementation of the revised pricing structure.

The company reaffirmed its commitment to sustaining business operations amid the prevailing market conditions.