NGNigeria's listed beverage manufacturers reported a combined profit after tax of N86.95bn in Q1 2026, up 6.2% from N81.84bn in the same period of 2025. This growth occurred amid rising costs and inflation, which stood at 15.38% in March 2026. Nigerian Breweries Plc led the improvement with a 25.6% year-on-year rise in profit after tax to N55.95bn, while Guinness Nigeria also showed growth. International Breweries Plc saw a decline in profit after tax due to increased tax expenses, though its pre-tax performance improved. The sector's resilience highlights adaptation strategies against economic challenges.
Bias read (Center): The article presents factual economic data about the brewing sector without overt ideological framing. It reports on corporate financial performance and macroeconomic conditions without taking sides on political policies or ideologies. While the economic context involves government-related factors (
