Many Nigerians Can No Longer Afford Beer - Food

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Many Nigerians Can No Longer Afford Beer - NB CEO, Hans Essaadi / A Roaster Maize Seller Divides Maize In Half For Those Who Cannot Afford Full / Guest Seen Draining Beer Completely From Its Bottle, Today, (2) (3) (4)

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Many Nigerians Can No Longer Afford Beer by DyshApp: 9:05pm On Feb 22

The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent that citizens can no longer afford to buy beer.

Essaadi said this on Monday at the company's investor call following the release of its 2023 results.

"It has been an unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day's work," Bloomberg quoted Essaadi as saying.

NB suffered an #153bn foreign exchange loss due to the devaluation of the naira for the year ended December 2023.

For the period under review, the company grew its revenue by 8.9 per cent to #599.64bn from #550.64bn. Net finance expense rose significantly by 449.7 per cent to N189.19bn, dragging the brewer to a loss of #106.31bn from a gain of N13.19bn at the end of 2022.

👉 Dyshus

3 Likes 2 Shares

Re: Many Nigerians Can No Longer Afford Beer by successmatters(m): 9:07pm On Feb 22

Na lie o

Maybe Nigerian brewery products. People are still drinking Hero beer like water.

19 Likes 2 Shares

Re: Many Nigerians Can No Longer Afford Beer by Apus: 9:10pm On Feb 22

Then that's a plus.
We need everyone to sober up.
No room for self indulgence at this critical time.

42 Likes 3 Shares

Re: Many Nigerians Can No Longer Afford Beer by finallybusy: 10:08pm On Feb 22

Nigerians can’t afford beer, yet nobody talks about the price for a bottle.

1 Like

Re: Many Nigerians Can No Longer Afford Beer by christistruth01: 10:11pm On Feb 22

It is not a bad thing for Nigerians to give up beer

But some people are so far gone that it would not be surprising to see them climbing up Palm trees to tap Palm wine instead

11 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by Ebukamatth(m): 10:28am On Feb 23

Re: Many Nigerians Can No Longer Afford Beer by tuoyoojo(m): 10:28am On Feb 23

There is no escaping from reality or relaxing thru beer

Everyone must face the shege with their two korokoro eyes

In Davido's voice...."them go feel it!"......

56 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by yesloaded: 10:28am On Feb 23

Re: Many Nigerians Can No Longer Afford Beer by Think9ja(m): 10:29am On Feb 23

But we can afford to carry Chioma and Yetunde for hookup, which is far more enjoyable.

Them too like hookup, those two

5 Likes

Re: Many Nigerians Can No Longer Afford Beer by marlow1962(m): 10:29am On Feb 23

Very good
I wish the average Nigerian can't afford the basic necessities of life, by then when they step out, they will step out and do something that's right and beneficial to them and everybody, but for now let's keep playing the " my brother" game.

20 Likes 3 Shares

Re: Many Nigerians Can No Longer Afford Beer by NaijaCover(m): 10:29am On Feb 23

Inukwa ooooo

Person Go Chop First, Before Thinking Of Beer

4 Likes

Re: Many Nigerians Can No Longer Afford Beer by Creamypie(m): 10:29am On Feb 23

APC has taken us back to stone age

19 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by ogododo: 10:29am On Feb 23

DyshApp:
The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent that citizens can no longer afford to buy beer.

Essaadi said this on Monday at the company's investor call following the release of its 2023 results.

"It has been an unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day's work," Bloomberg quoted Essaadi as saying.

NB suffered an #153bn foreign exchange loss due to the devaluation of the naira for the year ended December 2023.

For the period under review, the company grew its revenue by 8.9 per cent to #599.64bn from #550.64bn. Net finance expense rose significantly by 449.7 per cent to N189.19bn, dragging the brewer to a loss of #106.31bn from a gain of N13.19bn at the end of 2022.

👉 Dyshus

Sapele water dey.

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by NairalandForumo: 10:29am On Feb 23

christistruth01:
It is not a bad thing for Nigerians to give up beer

But some people are so far gone that it would not be surprising to see them climbing up Palm trees to tap Palm wine instead

It is not just about the drinking of the beer but the purchasing power, Tinubu messed up big time

19 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by kerry57: 10:29am On Feb 23

I am happy for those women that have been pressuring and praying for their husbands to quit drinking.

No need for your prayers anymore, their pockets will do the prayers to them and hence ur testimonies o ye women shall be full in this period.
Amen

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by Mrchippychappy(m): 10:29am On Feb 23

Buy guinea corn and leave it to ferment.

Made in Nigeria Brukutu

Buy made in Nigeria

Reno say so.

Tinubu till infinity

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by T2Justman(m): 10:30am On Feb 23

Re: Many Nigerians Can No Longer Afford Beer by iwaeda: 10:30am On Feb 23

DyshApp:
The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent that citizens can no longer afford to buy beer.

Essaadi said this on Monday at the company's investor call following the release of its 2023 results.

"It has been an unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day's work," Bloomberg quoted Essaadi as saying.

NB suffered an #153bn foreign exchange loss due to the devaluation of the naira for the year ended December 2023.

For the period under review, the company grew its revenue by 8.9 per cent to #599.64bn from #550.64bn. Net finance expense rose significantly by 449.7 per cent to N189.19bn, dragging the brewer to a loss of #106.31bn from a gain of N13.19bn at the end of 2022.

👉 Dyshus

Pelebe is not available too, APC giving no joy to their supporters. Ebi pa won. Ohungbe tun gbe won oo grin

3 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by bouncin04(m): 10:30am On Feb 23

I don't condone the inflation but most Nigerians not being able to afford beer is good riddance with its own silver lining . IYKYK.

5 Likes

Re: Many Nigerians Can No Longer Afford Beer by slaawomirr: 10:31am On Feb 23

Damnnn niggar

Tinubu will kill us

1 Like

Re: Many Nigerians Can No Longer Afford Beer by PheelzAlmighty: 10:31am On Feb 23

Beer is haram...

Tinubulation chapter 1 vs 5 angry

1 Like 2 Shares

Re: Many Nigerians Can No Longer Afford Beer by T2Justman(m): 10:31am On Feb 23

If them like make them sell 1 bottle for 5k we go dey buy am for crate sef

5 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by faceland: 10:31am On Feb 23

One bottle of beer can NOT make you high or drunk and it is almost a thousand naira.

It is better you take strong drink or upgrade to non liquid drugs (in this economy).

Where I live, only matured old men drinks. It is not a sustainable habit.

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by Whatisurproblem(m): 10:31am On Feb 23

Beer is even bitter

4 Likes 2 Shares

Re: Many Nigerians Can No Longer Afford Beer by veekid(m): 10:31am On Feb 23

If you see anyone drinking beer now, na to call EFCC

9 Likes

Re: Many Nigerians Can No Longer Afford Beer by TUTU147: 10:32am On Feb 23

Na lie, come to refinery road for warri men Mount seriously.No body fit stop drinking for this side,na the only way out of the stress of the government, work, and family.

2 Likes 1 Share

Re: Many Nigerians Can No Longer Afford Beer by seunayantokun(m): 10:32am On Feb 23

Why are you posting this story again?

2 Likes

Re: Many Nigerians Can No Longer Afford Beer by blackmantis: 10:32am On Feb 23

Who said so?

People who drink will drink.

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by Draslo(m): 10:32am On Feb 23

We'd still drink it. Just downsize a little bit

2 Likes

Re: Many Nigerians Can No Longer Afford Beer by foxman04: 10:32am On Feb 23

make dem dey play

I still drink 3 Heineken can beer yesterday

5 Likes

Re: Many Nigerians Can No Longer Afford Beer by OceanEye: 10:33am On Feb 23

Lol. If what your problem is this time around is beer, my brother you have no problem at all.

3 Likes

Re: Many Nigerians Can No Longer Afford Beer by TUTU147: 10:34am On Feb 23

marlow1962:
Very good
I wish the average Nigerian can't afford the basic necessities of life, by then when they step out, they will step out and do something that's right and beneficial to them and everybody, but for now let's keep playing the " my brother" game.

Drinking doesn't stop one from doing something meaningful.

4 Likes

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