News Wings

Tag: market leadership

  • NB Plc records N1.04 Trillion Revenue in Nine Months

    NB Plc records N1.04 Trillion Revenue in Nine Months

    Nigerian Breweries Plc, the foremost brewing company in Nigeria, has posted a Group Revenue of N1.04 trillion for the nine-month period ended September 30, 2025, representing a 48% growth over the N703 billion recorded in the corresponding period in 2024.

    According to the unaudited results released on NGX portal, the Cost of Sales rose from N495 billion in 2024 to N627 billion in the period under review, while Marketing, Distribution, and Administration expenses went up by 38% from N184 billion in 2024 to N254 billion in 2025 driven by increased brand and sales activities.

    The Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, disclosed in a statement that the Company was still able to deliver strong growth in the topline and in the operations during the period under review despite a high double-digit inflation rate which continues to constrain consumer spending and high input costs.

    Agbebaku explained that the Company was also able to consolidate its market leadership, which was primarily influenced by premiumisation, increased competitiveness, and enhanced route-to-market.

    “The Group’s revenue grew by 47%, supported by appropriate pricing and the strong performance of the premium portfolio. Operating profit improved significantly supported by cost management and supply chain efficiencies, while the net profit increased by 157% due to the strong operating profit and a lower net finance cost. The Rights Issue programme of 2024 has contributed in no small measure to the positive turnaround in the profitability of the Group compared to a year ago,” he said.

    He added that as earlier anticipated, the third quarter of 2025 itself witnessed the seasonal market demand decline which, together with a one-off impairment charge relating to the integration of its subsidiary, Distell Wines and Spirits Nigeria Limited, resulted in a net loss in the quarter. With a rebound expected in the market in the last quarter of the year due to the usual peak period associated with year-end festivities, the Board expects the full-year results to remain positive.

    The Board continues to appreciate the Shareholders for their unwavering support and confidence, which have enabled the Company to deal with the challenges of the last couple of years, and maintain a path towards recovery and long-term growth.

  • AT3 Resources introduces MUVMNT platforms

    AT3 Resources introduces MUVMNT platforms

    AT3 Resources has announced the launch of MUVMNT, a multiverse of brand experience platforms. Comprising The MUVMNT Studio, The MUVMNT Experiences, and The MUVMNT Reports, these creative platforms aim to redefine brand experiences by fostering community, enabling interactions, and elevating culture.

    In its 7th year of operation, the award-winning communications consultancy is transforming into a Brand Growth agency, realigning its services for market leadership. AT3 Resources is dedicated to reshaping storytelling, brand experiences, and engagement through movements that generate business value.

    We believe that life experiences are always in motion, better experienced through channels that connect people, communities and culture; so, our mission is to bring people together by connecting brands with their consumers and consumers with the brands they love and admire across Africa. “We must continually seek avenues to co-exist, co-create and engage with ourselves. It is the recognition of this co-dependence that makes us thrive better as humans” In essence, we are powering brand mobility in Africa with these movements, says the founder, Tosin Adefeko.

    “We remain committed to finding the best ways to tell our clients’ stories. The expanded mission to create movements elevating brand experiences is a response to evolving audience demands and preferences. By placing the consumer at the center of the conversation and narrating the stories of clients’ products and services through the lens of consumers, influencers, and partners, we will continue to build strong connections,” Adefeko added.

    The MUVMNT Studio will host its signature podcast, ‘themuvmntpod,’ alongside other pods catering to various interests. The MUVMNT Experiences offer tailored interactions for creators, curated experiences for women navigating their career paths and a CSR initiative for young PR talent beyond the classroom. The MUVMNT Reports serve as an annual compilation of AT3’s perspective on the impact garnered across board.

  • Dangote Cement best Performing Stock – Nigerian Exchange

    Dangote Cement best Performing Stock – Nigerian Exchange

    Africa’s largest Cement manufacturer, Dangote Cement Plc, has emerged the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX).

    Dangote Cement pride as the most capitalized company on the Nigeria Stock Exchange was named the best stock ahead of BUA Cement Plc and CAP Plc, during the 2022 Nigerian Investor Value Award (NIVA) organized by the Businessday in collaboration with the Nigeria Exchange Group

    The coveted award is meant for two classes of companies namely, the listed companies segment and the Next Bull segment with Dangote cement leading the pack in the Listed Companies best-performing stock, in the Industrial goods category having been adjudged to have recorded stellar performance in creating value on the Nigeria Stock Exchange on the basis of criteria such as share price, dividend payments, sustainability, brand value, market leadership and business strategy against its peers during the period under review.

    In his address on the occasion, the Chief Executive Officer, Nigeria Exchange Limited, Mr. Temi Popoola, who was represented by the Divisional Head, Capital Market, Mr. Jude Emeka said the award by the Businessday Media Limited underlined Nigeria Exchange Group’s goal of promoting actionable and effective multi-stakeholder dialogue on issues central to a well-functioning financial system.

    While acknowledging that the winner organizations are worthy and truly deserving the honour, he clarified that the winners were selected from among companies that are active and the investors have expressed strong demand to own their shares.   

    “As a responsible entity, known for aligning with best global practices, we recognize the importance of corporate governance and effective board leadership in driving sustainability on the business front. That is why we choose to not only recognize listed companies who are blazing the trail in investor relations but also contribute to building a sustainable socio-economic standard in governance, regulation and compliance.

    The Nigeria Exchange boss said the leveraging of investments in business innovation and its diversified range of products and services coupled with robust engagement, we are well on our way to achieving our aspiration to be Africa’s preferred exchange hub especially given the number of advances that have been implemented recently including the launch of the NGX Exchange Traded Derivates Market which saw the listing of two Equity Index Futures Contracts, NGX30 Index Futures and the NGX Pension Index Futures. 

    He assured that the NGX remained resolute in its commitment to the provision of a scalable and enterprising platform for issuers and investors to meet their financial objectives irrespective of the prevailing conditions.

    Mr. Popoola said “we will continue to consolidate on the advances by focusing on key initiatives aimed at creating and growing the capital market for the benefit of all key stakeholders.

    In his address of welcome, the Publisher, Businessday, Mr. Frank Aigbogun said the NIVA formerly known as the Top 25 CEOs Award recognizes leaders of private and public companies who have created sustainable alpha-generating value for their shareholders through strategic priorities, operation efficiency, organizational values and marketing engagement activities.

    He explained that COVID-19 was what most companies, including Nigerian businesses, never envisaged but the reality today is that Russian-Ukraine crisis has again emphasized the urgent need for backward integration and value addition to the nation’s primary produce. Aigbogun expressed happiness that the Nigeria capital market has remained strong in the mix of the global realignment that is going on consequent of the Ukrainian crisis.

    Mr. Obu Oliver, the Group Financial Controller, Dangote Cement Plc. who received the award thanked the organizers for the award and assured that the companies would not rest on its oars in sustaining the strategies that make the stock the best performing.