The International Breweries has announced price hike across its various offerings in Nigeria.
The affected products include Eagle Lager, Eagle Extra Stout, Trophy Stout, Beta Malt and Grand Malt.
In a statement by its Head of sales (Southeast),Olaleye Abimbola, the company said the price review was implemented to serve its customers better, adding that the hike has become imperative due to the current market realities.
Abimbola said, “We are confident that this decision will prove beneficial to all our business partners.
“Similarly we urge you to honour the same pricing strategy we had in the previous months until these changes are announced and implemented.”
In view of prevailing economic crisis in the country, major brewers have been effected by inflation, forex volatility, and increasing production costs, among others.
In its Q1 financial statement, International Breweries recorded a forex-related loss of N162.2bn.
