• Business - Companies
  • Updated: February 14, 2024

Nigerian breweries to increases prices of Star, Gulder, Trophy, others

Nigerian breweries to increases prices of Star, Gulder, Trop

Nigerian Breweries PLC has revealed its intention to raise the prices of its products effective from Monday, February 19, 2024. 

Lekan Awosanya, the company's zonal business manager for the West region, made this announcement in a notification regarding a price review sent to customers on Monday, February 12.

“This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday, February 19, 2024,” said Awosanya.

Awosanya emphasized that the recent price adjustment was essential to counterbalance the effects of rising production costs.

“This review has become necessary because of continued rising input costs and the need to mitigate the impact,” he stated.

He noted that the company will deliver open orders at the current prices before midnight on Monday.

“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, February 19, 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 February 19, 2024,” the notification partly read.

The development comes months after the company increased the prices of some of its products on August 10, 2023.

Some of Nigerian Breweries PLC’s products are Heineken lager beer, Star lager beer, Gulder, Legend Extra Stout, and Goldberg, among others. 

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