Brewers in Africa's largest consumer market are riding on the reduced volatility of the naira and moderating inflation to change the tide of their bottom-line in the first quarter of this year after recording all round losses in the same period last year.
Four brewers analysed by BusinessDay – Nigerian Breweries, International Breweries, Guinness Nigeria and Champion Breweries – all saw their net profits turned positive running into N82.62 billion, a 148.69 percent recovery from N169.7 billion losses incurred in Q1 2024.
Industry analysts
