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BREAKING: Nigerian Breweries Makes Announcement Concerning Price Of Beers Amid Economic Challenges
BREAKING: Nigerian Breweries Makes Announcement Concerning Price Of Beers Amid Economic Challenges
Nigerian Breweries (NB PLC) has announced that there will be a price increase on all their products starting from August 10, 2023.
The decision comes as a response to the significant rise in input costs and the need to mitigate its impact.
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In a letter dated August 1, 2023, the company informed its customers about the upcoming price review for some of its Stock Keeping Units (SKUs).
The increase in prices is reportedly influenced by various challenges faced by the Fast-Moving Consumer Goods (FMCG) industry.
This development in the beverage market may have an effect on consumer purchasing decisions, as some consumers might consider reducing their beer consumption or looking for more affordable alternatives.
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