Equity Analysis /

NIGERIA BEER SECTOR: Cost efficiencies critical amid flight to affordable beers

    Esili Eigbe
    Esili Eigbe

    Head of Consumer Research

    Tellimer Research
    30 May 2017
    Published byTellimer Research
    The investment case for the Nigerian beer market has weakened in recent years on account of an increase in competitive pressure and a deterioration in the macroeconomic environment since 2012. The result has been a decline in sector earnings, as highlighted in the weakness in the sector’s profit pool to US$271mn in 2016 vs its peak of US$609mn in 2013).