| Re: Many Nigerians Can No Longer Afford Beer by Sleekfingers: 3:37pm 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 How many Nigerian can afford 3 Square meals? If dem like make dem dey sell Guinness big stout for 5000 naira, I will drink conveniently, with isi ewu. Every bleeding day. |
| Re: Many Nigerians Can No Longer Afford Beer by ayo2008: 4:31pm 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 Beer Na food? |
| Re: Many Nigerians Can No Longer Afford Beer by godofuck231: 4:52pm On Feb 23 |
Its a shame i cant afford palm wine |
| Re: Many Nigerians Can No Longer Afford Beer by Emeka71(m): 5:26pm On Feb 23 |
successmatters:
Na lie o
Maybe Nigerian brewery products. People are still drinking Hero beer like water. I drink beer like water (not with money though but when I attend parties), , in short I just had 7 cans of Hero and Heineken. |
| Re: Many Nigerians Can No Longer Afford Beer by VULCAN(m): 6:05pm On Feb 23 |
That is superficial thinking. Have you asked yourself what will be the unintended consequences of men not being able to afford beer. Excessive alcohol destroys the brain cells but noone can deny that an occasional beer or two at the end of the day has a calming effect on most men. The primary killer of men in this world is Stress. It manifests in many ways like Heart Disease, Stroke, Cancer and even Diabetes. Many men are going to become much more irritable and many homes will suffer when the men are not able to let off steam with a bottle on OCCASION. God help us all bouncin04:
I don't condone the inflation but most Nigerians not being able to afford beer is good riddance with its own silver lining . IYKYK. 1 Like |
| Re: Many Nigerians Can No Longer Afford Beer by bluefilm: 6:55pm On Feb 23 |
All thanks to emilokan balabluu |
| Re: Many Nigerians Can No Longer Afford Beer by Boldideas: 8:45pm 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 IF YOU WANT TO DRINK BEER, YOU WILL DRINK BEER. DRINK STRIKER.. |
| Re: Many Nigerians Can No Longer Afford Beer by skywalker240(m): 9:52pm On Feb 23 |
ogododo:
Sapele water dey. Suffering and smiling mentality that is |
| Re: Many Nigerians Can No Longer Afford Beer by Chibuezem(m): 9:54pm 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 This is good news let's watch how some chronic illness associated with alcohol intake dissappear. |
| Re: Many Nigerians Can No Longer Afford Beer by dododawa1: 2:31pm On Feb 25 |
Beer is a sin
According to books of religions |
