Net loss at the country’s foremost beer-maker Nigerian Breweries came to N57.2 billion for the first three quarters of the year.
The loss represents the biggest since 1946 when UAC struck a deal with Heineken, the current majority owner, to incorporate the brewer in Lagos.
The company, half of whose input costs are imported because the bulk of its raw materials come from overseas suppliers, is confronting various bugbears in perhaps its most tumultuous year on record, making operations especially difficult.
