Nigerian Breweries (NB) Plc, Nigeria’s biggest brewer, recorded a strong first quarter raising hopes for a big recovery this year from a deep plunge the company recorded in 2020.
Last year marked three years of sustained profit drop for the company that set profit down below the 2005 level. The company’s first quarter performance seems to make a promise or reversing the sharp fall of 2020 to a big leap in the current financial year.
NB pushed forward towards recovery in the first quarter but the challenge of rising input cost has remained. The brewing company built an…
