The figure underscores the scale of beer and other alcohol beverages consumption among Nigerians despite prevailing economic pressures. While Champion Breweries Plc recorded revenue of ₦21.44bn for the nine months ended September 30, 2025, up from ₦14.02bn in the same period of 2024. Overall, the combined revenue of the three companies amounted to ₦1.54tn, with Nigerian Breweries Plc accounting for the bulk of sales. The findings were in sharp contrast to the announced price increase by Nigerian Breweries Plc in February 2024, which saw beer drinkers in Nigeria paying as much as ₦1,300 for a bottle. But for several Nigerians who spoke with PUNCH Healthwise, consuming beer is one of the few affordable comforts left in Nigeria with the prevailing economic reality.

Source: Punch January 25, 2026 07:46 UTC