Four brewing companies in Nigeria posted a total revenue growth of 27.94 per cent in the first three months of the year, an analysis of data from their unaudited financial statements showed.
Guinness Nigeria Plc increased its revenue by 53.88 per cent to N42.61bn in the period under review from N27.69bn in Q1 2020. Its pre-tax profit jumped to N3.17bn from N71.39m. Analysts at Financial Derivatives Company Plc, in its March economic bi-monthly update, noted that the brewery industry was adversely affected by the global economic downturn, lockdown and disruption induced by the pandemic.
Sharia states will be low key calculating their own allocation
And Kano, Jigawa etc will shamelessly collect allocation accrued from alcohol. Ndi mbu
Me & my igbo brothers drank N189.60bn worth of the drinks🙌🍻
Bloody hell