Nigerian Breweries, Guinness to hike product prices, cite ‘rising operational costs’

The Nigerian Breweries (NB) Plc has announced an upward review in the prices of some products in its stock-keeping units (SKUs) to mitigate rising operational and input costs.

In a notice to distributors, the company said the adjustments were driven by prevailing economic conditions that have significantly increased the cost of doing business.

NB, in a letter dated March 13 and signed by John Oloche Ademu, zonal business manager (west), said the new prices would take effect from March 20.

The company said the adjustment would apply to select  SKUs, a unique identifier used to track inventory within a business.

The Nigerian Breweries is the producer of major alcoholic products like Star Lager, Gulder, Legend Extra Stout, Heineken, Goldberg, Life, Star Radler and others.

The brewer’s non-alcoholic portfolio includes Maltina, Amstel Malta, Fayrouz, Climax Energy drink, and Malta Gold.

“As the country’s economic landscape continues to evolve, we want to inform you about an upcoming price adjustment,” the company said.

“Due to increases in operational and input costs, we will be implementing a price increase on select SKUs, effective Friday March 20, 2026.”

The brewer said existing prices would be honoured for fully funded and confirmed orders placed in its system before March 20.

Similarly, Guinness Nigeria, in a separate notice dated March 14, informed distributors of a planned price increase on selected SKUs across categories.

The company said the new price structure would take effect from March 27.

“Following the prevailing economic conditions which have impacted significantly on our cost of doing business, this is to inform you that we plan to take a price increase on selected SKUs across categories,” the notice reads.

Guinness Nigeria said fully funded orders raised in its system before March 27 would be shipped at existing prices. (The cable)