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GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Company Intelligence Terminal · Consumer Goods · Alcoholic Beverages

NB · Nigerian Breweries Plc

Nigerian Breweries Plc

NB
NGXEquity · Ordinary SharesConsumer GoodsAlcoholic Beverages
35.60NGN+2.45%
Market cap ₦945.00B · as of 15 Jun 2026, 12:42
Ask about NB
Current price
35.60NGN
Open
34.61
Previous close
34.75
Today's range
34.49 – 35.97
52-week high
36.50
52-week low
31.72
Deals
522
Volume
8.8M
Value traded
₦313.6M
Market cap
₦945.00B
YTD performance
+2.45%

Company profile

Nigerian Breweries Plc is a leading consumer & goods operator in Nigeria, with operations spanning multiple states and a track record across investment cycles.

CEO
Hans Essaadi
HQ
Lagos
Founded
1946
Employees
2,700
Sector
Consumer Goods
Sub-sector
Alcoholic Beverages
Ticker
NB
Website
nb.ng
Beta
0.94
AI-generated summary

Nigerian Breweries Plc (NB) operates in Nigeria's consumer & goods value chain with an estimated FY2024 revenue of ₦754bn and PAT of ₦86bn. Headline ROE is 9.5% and leverage sits at 0.50x debt-to-equity, mapping to a composite risk score of 36/100 (Moderate).

Bull case
  • Scale leadership within its consumer & goods sub-sector with durable distribution moat.
  • Resilient ROE supports re-rating if rates ease in H2.
  • Capital-light reinvestment runway versus listed peers.
Bear case
  • FX volatility could compress imported-input margins.
  • Working-capital build-up in a 27.5% MPR environment.
  • Sector regulatory cadence could front-load compliance cost.

Key risks

  • Macro: persistent inflation > 25% pressuring real demand.
  • Sector-specific regulatory action and tariff resets.
  • Single-market concentration in Nigeria.

Recent developments

  • Board recommended final dividend at last AGM cycle.
  • Operational expansion announced in Lagos corridor.
  • Engagement with CBN on FX repatriation framework noted in latest filing.

Recent news

  • positiveProshare Markets· 09 Jun
    Nigerian Breweries Plc signs MoU with CBN on FX repatriation framework
  • neutralNGX Wire· 07 Jun
    NB crosses key technical level on rising volume
  • negativeProshare Research· 04 Jun
    Analysts trim NB FY26 EPS estimate by 4% on margin pressure
  • positiveBusinessDay· 01 Jun
    Nigerian Breweries Plc expands Lagos operations with NGN 18.9bn capex