Nigerian Breweries announces hike in price of beers amid economic challenges


Nigerian Breweries has announced a price increase on all its products effective August 10, 2023.

Uba Group

In a letter dated August 1, 2023, the company established the need to review prices due to the soaring rise in input costs and the necessity to cushion its impact.

It partly reads, “This is to inform you that we will review the prices of some of our SKUs effective Thursday 10th August 2023.”

It was learnt that the decision to increase prices was attributed to several factors that have bedevilled the Fast-Moving Consumer Goods industry.