They should increase cigarettes also, those things are bad for your health

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

FG should intervene immediately. If it means to subsidizes the beer,it will be a welcomed intervention which will go a long way in writing Tinubu's name on the great book of world leaders doing great things.

Faposky95:


Take a round trip and you may rescind that notion.
The economics around beer and you will awe.
It's not just the bottle or its content only.

Wisdom!!!!

christistruth01:


Tinubu is doing what needs to be done to grow Nigeria
He only needs to Cushion things to make it easier

https://www.reuters.com/world/africa/nigerian-economy-grows-346-yy-fourth-quarter-2024-02-22/

How is he going to cushion things?

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.

Not being able to afford beer is one of the offshoots of inflation, so indirectly you're supporting inflation.

For most people it's not beer but good food that they cannot afford, some can't even pay for transportation... There's NOTHING good about this sort of news, it only reflects the fact that all sectors of the economy are affected.

Serve every one round,no matter the condition we go still open our 32.

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

Do you even know how much a keg of Palm wine is now? Small bottle water of Palm wine is 300 now, sachet Chelsea is no longer affordable now. Those who sold their votes are now regretting.

kerry57:
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

How can a man who can't afford beer be able to give his woman money to run the home?. There is no gain here

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

They should redirect the money to taking care of their families. Government should make it more expensive. Add tax.

In this Tinubu econony, a time is coming when we wont be able to afford ordinary satchet water.

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

i dont drink beer neither do i promote its consumption...

but any one who thinks things are going to get betters, cant see far.

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

i dont drink beer neither do i promote its consumption...

but any one who thinks things are going to get betters, cant see far.

Mrchippychappy:
Buy guinea corn and leave it to ferment.

Made in Nigeria Brukutu

Buy made in Nigeria

Reno say so.

Tinubu till infinity

🙄🙄🙄🙄

How people wan take drink and forget their sorrow in this hardship . Na clear eyes everybody go take experience the hardship

santaclaws:


Not being able to afford beer is one of the offshoots of inflation, so indirectly you're supporting inflation.

For most people it's not beer but good food that they cannot afford, some can't even pay for transportation... There's NOTHING good about this sort of news, it only reflects the fact that all sectors of the economy are affected.

Insightful perspective, kudos .

successmatters:
Na lie o

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

I even drank beer yesterday

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

Swears!


We Need Everyone To Sober Up!


As Economy is Changing Hands;

Government Must Change Hands!

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.

Your evil wishes will follow you and your family forever

Roger3D:
Your evil wishes will follow you and your family forever

Mr man stop talking foolishly, if you no drink beer you no go die, and besides fools like you are the reason this country is in a mess, una no dy reason, just like say way you did not reason before quoting me.

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.

That's what you think, but they will not, they will rather break into hardworking peoples shop to loot, forgetting about the people they voted for, just like they did In Osun during endsars.

foxman04:
make dem dey play


I still drink 3 Heineken can beer yesterday

YOU ARE A BIG BOY

You guys are not seeing the implication of job losses should the breweries pack up because of the losses that they are incurring now. Continue to clap for their losses!

Saintinoo:


That's what you think, but they will not, they will rather break into hardworking peoples shop to loot, forgetting about the people they voted for, just like they did In Osun during endsars.

What a pathetic bunch of fools they're. I don't know why Nigerians hate tackling the fact, instead they result to looting innocent people's shop. Well I guess the poverty and hunger weapon of apc is really really working. Come looting my shop, I will gun that person down on sight, go and loot properties of the government.

TUTU147:
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.

As in ehn🙆🏿‍♂️.... That road no dey get break o. From Monday to Monday. Men really mount😂

Time for hero beer to make enough money don't higher ur price life like NB and sell more.

No one is happy with the way things increase in Nigeria but hear this I dey drink my beer anytime I feel like, forget the price jare.

After a long day at work na waiting I dey use relax my self be that

That's good one, their liver/kidneys would be praising God almighty

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

Must dey drink 🍷🍻 beer?

Me that is taking one bottle now. But I stop at only one make I no come dey Hussle to drink

bouncin04:


Insightful perspective, kudos .

Thanks for mentioning. Not everyone welcomes a good opinion. Cheers 👍🏾

Creamypie:
APC has taken us back to stone age

Even in the stone age beer was flowing

Ask the Flintstones