Nigerian Breweries Plc have announced a second increase in price of its products after an earlier increase on February 19.
The new price review will take effect from March 15, 2024. According to the company, this new price review is necessary to mitigate the impact of rising input costs.
The company disclosed this in a notice to its South-West zone customers signed by its zonal business manager and sighted by 3News.
“As earlier informed, we will review the prices of some of our SKUs effective Friday 15th March 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.
“All open orders in our system at 00.00hrs on Friday 15th of March, 2024 will be invoiced at the new prices.”
ECG owes IPPs $1.5 billion – John Jinapor
The company further thanked customers for their partnership and assured them of continued support to their sales and distribution efforts.
Nairametrics, a Nigerian news portal reported that the company had issued a similar upward price adjustment to all its direct customers in the west zone on February 12, 2024.
This review was to take effect on February 19, 2024.
”Please accept our best compliments! 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. This review has become necessary because of continued rising input cost 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 notice read.
Nigerian Breweries is the producer of Star lager beer, Gulder lager beer, Legend Extra Stout, Heineken lager beer, Life Continental lager, Ace Passion, Star Lite and Star Radler, 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, Star Radler Red Fruits, and Desperados, amongst others.