Company: Nigerian Breweries
Country: Nigeria
Sector: Beverages: Alcoholic
CEO: Thibaut Boidin
Website: https://www.nbplc.com/
Careers Page: https://www.nbplc.com/careers/
LinkedIn: https://ng.linkedin.com/company/nigerian-breweries-plc
Email: Not publicly listed
Headquarters: Lagos, Nigeria
Founded: 1946
Valuation/Revenue: $715.2m revenue / $688.5m market value (African Business Top 250, 2025)
Nigerian Breweries Plc is Nigeria’s largest brewing company and one of the country’s oldest manufacturing businesses, producing and distributing beer, stout, non-alcoholic malt drinks and other beverages under brands including Star, Gulder, Legend, Life and Amstel Malta. It is majority owned by global brewer Heineken and listed on the Nigerian Exchange (NGX).
What Does Nigerian Breweries Do?
Nigerian Breweries brews, bottles and distributes a broad portfolio of alcoholic and non-alcoholic beverages across Nigeria, including its flagship Star lager, Gulder premium lager, Legend Extra Stout, Life Continental Lager, and non-alcoholic malt drinks such as Amstel Malta and Maltina, alongside Heineken-branded international lager under licence. The company operates multiple breweries across Nigeria and runs one of the country’s largest fast-moving consumer goods distribution networks, supplying retailers, bars and restaurants nationwide. Its scale makes it a bellwether for Nigerian consumer spending and a significant contributor to government excise revenue.
Is Nigerian Breweries Legit?
Yes. Nigerian Breweries is one of the longest-listed companies on the Nigerian Exchange, majority owned by Dutch brewing giant Heineken, and subject to standard Nigerian corporate governance, audit and securities regulation requirements as a listed public company.
How Old Is Nigerian Breweries?
Nigerian Breweries was founded in 1946, when it built Nigeria’s first brewery in Lagos and produced the country’s first bottle of Star lager in 1949, making it one of Nigeria’s oldest continuously operating manufacturing businesses, predating Nigerian independence by more than a decade.
How Big Is Nigerian Breweries?
African Business’s Top 250 Companies in Africa (2025) recorded Nigerian Breweries’ revenue at roughly $715.2 million with a market value of about $688.5 million. The company’s naira-denominated results have in recent years been significantly affected by Nigeria’s currency devaluation and foreign-exchange volatility, which have driven large reported foreign-exchange losses on the company’s dollar-linked obligations even as underlying volumes and naira revenue have grown, a dynamic that has weighed heavily on reported profitability in recent financial years.
Who Is the CEO of Nigerian Breweries?
Thibaut Boidin, a French national and long-serving Heineken Group executive, was appointed Managing Director/CEO of Nigerian Breweries effective 1 July 2025. He previously served as Managing Director of Heineken Romania and held multiple senior roles within the Heineken Group since 2017, continuing a pattern of Nigerian Breweries drawing its top leadership from Heineken’s global executive bench.
Who Owns Nigerian Breweries?
Heineken, through its international holding structure, is the majority shareholder of Nigerian Breweries, with the remaining shares held by Nigerian institutional and retail investors on the Nigerian Exchange, where the stock has long been one of the most heavily traded consumer names.
How Does Nigerian Breweries Compare to Its Competitors?
Nigerian Breweries’ main rival is International Breweries Plc (majority owned by AB InBev), maker of Budweiser, Trophy and Hero lager in Nigeria, alongside Guinness Nigeria (Diageo-owned), which competes strongly in the stout segment with Guinness Foreign Extra Stout. Competition in the Nigerian beer market has intensified in recent years amid consumer down-trading toward cheaper brands and spirits as disposable incomes have been squeezed by inflation and naira depreciation.
What Has Nigerian Breweries Been in the News For Recently?
Nigerian Breweries has been widely covered in Nigerian and pan-African business media for the severe impact of naira devaluation and foreign-exchange losses on its reported earnings, which pushed the company to post significant losses in recent reporting periods despite resilient underlying demand. The July 2025 appointment of Thibaut Boidin as the new MD/CEO was also closely covered as part of a broader wave of leadership changes across major Nigerian-listed multinationals.
Links
Website: https://www.nbplc.com/
Careers Page: https://www.nbplc.com/careers/
LinkedIn: https://ng.linkedin.com/company/nigerian-breweries-plc
Email: Not publicly listed
FAQ
Is Nigerian Breweries a public company?
Yes, it is listed on the Nigerian Exchange (NGX), majority owned by Heineken.
Who is the CEO of Nigerian Breweries?
Thibaut Boidin, appointed Managing Director/CEO effective 1 July 2025.
Who owns Nigerian Breweries?
Heineken is the majority shareholder, with the remainder held by Nigerian public shareholders.
What brands does Nigerian Breweries make?
Star, Gulder, Legend Extra Stout, Life Continental Lager, Amstel Malta, Maltina and Heineken-branded lager under licence.
How old is Nigerian Breweries?
Founded in 1946, brewing Nigeria’s first Star lager in 1949.
Why has Nigerian Breweries reported losses recently?
Large foreign-exchange losses tied to naira devaluation against obligations denominated in foreign currency have weighed heavily on reported profit in recent years.