Nigerian Breweries, Guinness set to increase product prices over operational, input costs
The Nigerian Breweries Plc is set to increase the prices of some commodities in its stock-keeping units.
The development was contained in a letter by the company’s South-West zonal business manager, John Ademu, on Friday.
Addressing its distributors, the company said that the decision was triggered by the state of the economy and the high cost of production.
It stated that the reviewed prices, to take effect on March 20, would affect selected products in its stock-keeping units.
“As the country’s economic landscape continues to evolve, we want to inform you about an upcoming price adjustment,” the company said.
“Due to increases in operational and input costs, we will be implementing a price increase on select SKUs, effective Friday March 20, 2026,” it added.
The company assured that commodities which have been fully paid for and confirmed orders made before March 20 would be delivered at its current price.
Also, Guinness Nigeria Plc on Saturday announced that there would be an increase on some of its commodities starting from March 27.
“Following the prevailing economic conditions which have impacted significantly on our cost of doing business, this is to inform you that we plan to take a price increase on selected SKUs across categories,” Guinness Nigeria Plc stated.
The company also gave the assurance that all fully paid orders would be shipped to buyers at the current price.
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