Gbenga Ilemobayo
Leading breweries in thecountry, including International Breweries Plc, Guinness Plc and Nigerian Breweries Plc, have announced price reviews for their products as a result of the prevailing rise in input costs and economic conditions.
The reviews were contained in separate statements issued by the companies and signed by their managements recently.
According to a price review notification issued by the management of International Breweries Plc and sent to all its business partners, a price adjustment will be applied to selected SKUs across its portfolio, effective March 21, 2026.
The price increase, according to the District Manager, International Breweries, West, Samuel Ngene, is driven by the prevailing global conflict and subsequent rising input costs.
Ngene assured customers that the company would honor current pricing for existing orders that were fully funded in the system before March 21, 2026.
He urged business partners to review their current orders and plan purchases accordingly to optimise operations during this period.
He expressed profound appreciation to all the business partners, noting that the company remains committed to working closely with them in providing the necessary support to drive continued growth in your territory.
Similarly, Guinness Nigeria Plc, in a separate notice sent to business partners, announced a plan to increase prices on selected SKUs across categories.
The new price structure, according to the letter signed by the company’s management, will take effect on Thursday, March 26, 2026.
The company noted that the price increase was necessitated by the prevailing economic conditions, which have significantly impacted its cost of doing business.
It noted that fully funded orders raised in its system before Thursday, March 26, 2026, would be shipped at existing prices.
Like other brewing companies, Nigerian Breweries also announced, in a notification sent to its valued partners, that it would implement a price increase on select SKUs, effective Friday, March 20, 2026.
The price adjustment, according to the company, is due to increases in its operational and input costs.
The company noted that it would honour current prices for all fully funded and confirmed orders placed in its system before Friday, March 20, 2026, to minimise disruptions.
The company commended the partners for their continued support and efforts to deliver on the 2026 business objectives, noting that their partnership was highly valued and remained integral to its shared success.
