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The Nigerian beverage market has been dominated by Nigerian Breweries Plc (NB Plc) and Guinness Plc for decades.
Nigeran Breweries Plc, a subsidiary of Heineken International was the pioneer and began brewing and marketing beer in 1949 (yes, before there was Nigeria). Nigeria also has some history with Guinness Plc, a subsidiary of Diageo as Nigeria was the first location to be selected outside Great Britain to brew the stout lager in 1963.
NB Plc has nine breweries across Nigeria with two malting plants, while Guinness has five brewing plants.
This picture has since changed as Anheuser-Busch In Bev (AB InBev), the world’s largest beer producer, entered Nigeria in 2016 as International Breweries.
FBN Holdings Plc has announced the appointment of former Managing Director/CEO of Guinness Nigeria, Mr. Seni Adetu, and two others as new Board Directors.
This is according to a notification signed by the company’s secretary, Seye Kosoko, and sent to the Nigerian Stock Exchange this afternoon, as seen by Nairametrics.
The new appointees are; Mr. Seni Adetu and Mrs. Juliet Anammah who were appointed as Independent Non-Executive Directors, and Mr. Otu Hughes who was appointed as a Non-Executive Director of FBN Holdings Plc.
The disclosure which is in line with NSE’s provision is, however, still subject to statutory approvals from the Central Bank of Nigeria and the shareholders at the next Annual General Meeting of the Company.