Published 19th Feb, 2024

By Abimbola Abatta

Due to the rising cost of production, Nigerian Breweries PLC has reviewed the prices of some of its products twice in six months.

In a “Price Review Notification” letter it issued to all its direct customers in the western part of the country on February 12, 2024, the company said the move was necessary to mitigate the impact of continued rising input costs.

The price review, as written in the letter, would become effective on Monday, February 19.

The letter reads in part: “This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday 19th February 2024. This review has become necessary because of continued rising input costs and the need to mitigate the impact. 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 00.00hrs on Monday 19th February 2024. The exact quantity of orders that will be allowed will be communicated to you by your Regional Business Manager (RBM). Any order in excess of this quantity will be re-invoiced at the new price on the 19th of February, 2024.”

A media report published on Monday revealed the affected products as follows: Gulder (N950), Star (N850), 33 Extra (N850), Heineken (N1300), Life (N850), Legend (N1250), and Tiger (N750).

This review came six months after the company last adjusted its prices to keep up with the rising input costs.

On August 1, 2023, the company announced that it would review product prices due to increasing input costs. The price increase on select products took effect on August 10, 2023.

Share on Social Media