Beer makers, like other consumer goods producers, have experienced two years of mounting losses due to the steep devaluation of the naira and the removal of fuel subsidies, which have inflated prices and exerted pressure on profitability.
However, the brewers are regaining momentum, with four of the listed firms posting a combined profit of N171.64 billion in the nine months of 2025, marking a turnaround for a sector that booked N317.07 billion in losses in the same period last year.
The combined adoption of a series of corporate actions,
