Nigerian Breweries shares surpass N39 as year-to-date performance soars over 24% 

The group recently reported a pre-tax profit of N69.9 billion for the first quarter ended March 31, 2025, a recovery from a N65.5 billion loss in the same quarter of 2024, attributed to increased revenue and reduced foreign exchange losses.

This follows the announcement in March that Nigerian Breweries Plc acquired the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN), intended to support the group’s goal of diversifying its portfolio beyond beer.

So far in April, the company’s shares have risen by over 16% in the Nigerian stock market, with trading volumes exceeding 79 million shares, significantly contributing to its year-to-date performance.

Nigerian Breweries has recorded a year-to-date performance of 24% in 2025, an improvement over the same period last year when it declined by more than 18%.

So far in April, a bullish surge has pushed the share price above N39 in the Nigerian stock market, contributing to overall performance.

While the exact factors driving the recent surge in Nigerian Breweries’ share price might not be completely known, some favourable fundamental events may have contributed to the positive sentiment.

Earlier in the year, Nigerian Breweries announced the acquisition of the remaining 20% stake in Distell Wines and Spirits Nigeria Limited (DWSN), a strategic move aimed at supporting the company’s ambition to diversify beyond beer.

Highlighting the advantages of the acquisition, Nigerian Breweries stated: “The full acquisition will help to reduce complexities and make decision-making faster in NB’s ambition to expand beyond beer.”