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Business News of Thursday, 3 August 2023

Source: www.legit.ng

Nigerian Breweries increases the price of Maltina, Amstel Malta, Gulder, Star Larger, others

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Amid headwinds and economic crunch in Nigeria, Nigerian Breweries has announced a price increase on all its products, effective August 10, 2023.

In a letter, the company said the price increase became necessary because of the continued rise in input costs and the necessity to mitigate the impact.

Popular brands produced by Nigerian Breweries

The company said: “This s to inform you that we will review the prices of some of our SKUs (Stock Keeping Units) effective Thursday, August 10, 2023. This review has become necessary because of continued rising input costs and the need to mitigate the impact.”

The company produces popular brands and beer drinks, including Star Lager, Gulder, Legend Extra Stout, and Heineken.

It also produces non-alcoholic drinks like Maltina and, Amstel Malta, Fayrouz, among other beverages, which has defined its product offering.

The company said: “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 00.00hr on Thursday, August 10, 2023.”