Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023.
In a letter seen dated 1st August 2023, the company established the need to review prices due to the soaring rise in input costs and the necessity to cushion its impact.
Read the letter in part, “This is to inform you that we will review the prices of some of our SKUs effective Thursday 10th August 2023.”
There were reports that the decision to increase prices was attributed to several factors that had bedevilled the Fast-Moving Consumer Goods (FMCG) industry.
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