Nigerian Breweries Retains Top Spot in Lager and Malt, Ranks Second in Stout

Nigerian Breweries Plc continues to solidify its position as Nigeria’s leading brewing company, retaining its top spot in Lager and Malt categories while ranking second in Stout, according to recent disclosures.

During a media briefing in Lagos, Uzodinma Odenigbo, Corporate Affairs Director of Nigerian Breweries, highlighted the company’s enduring legacy, noting that it has been operating for 79 years. He revealed that the company currently operates eight manufacturing facilities across Nigeria.

“With seven active breweries, one malting plant, 12 sales regions, and 21 depots, we have established a comprehensive nationwide coverage,” Odenigbo stated. “This extensive presence gives us a competitive advantage, ensuring our brands are accessible even in rural areas.”

He further shared that as of June 2025, Nigerian Breweries remains one of Nigeria’s most capitalized companies, with a market capitalization of N1.82 trillion (approximately $1.19 billion). The company recorded a first-half net revenue of N738 billion, an operating profit of N151 billion, and net assets valued at N549 billion.

Odenigbo also noted that Heineken holds a 72.9% stake in Nigerian Breweries, which has over 118,000 shareholders.

Emphasizing its evolution, he explained that Nigerian Breweries has transitioned into a total beverage company following the acquisition of Distell Nigeria. This move aligns with its ‘Beyond Beer’ strategy, expanding its product portfolio to include wine, spirits, and ready-to-drink (RTD) brands such as Chamdor, 4th Street, Hunters, Amarula, and Savanna.

He concluded by reaffirming the company’s commitment to its core purpose: “Brewing the joy of true togetherness to inspire a better world.”