Following a price hike in February, Nigerian Breweries Plc has announced yet another rise in the cost of its goods.
It could be recalled that the business notified every one of its West Zone clients of a new price review last month.
Price increases in February were justified by the corporation as a means of protecting itself from escalating production expenses.
It was the third price review increase in a year, the report from the time stated.
In a letter dated Monday, February 12, 2024, the price review, effective from Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses.
Meanwhile, on Monday, another press statement dated March 8, 2024, was sent to customers around the West zone and signed by its zonal business manager, Lekan Awosanya, announcing a new price increase.
Per the notice, the latest price review is premised on the need to mitigate the impact of rising input costs.
The statement read, “As earlier informed we will review the prices of some of our SKUs effective Friday 15th March 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.
“All open orders in our system at 00.00hrs on Friday 15th of March, 2024 will be invoiced at the new prices.”
The company, however, appreciated its customers for their commitment and great partnership while assuring dealers of continued support for sales and distribution.
