Nigeria’s second-biggest beer maker posts N51 billion profit after seven years of loss-making

International Breweries, Nigeria’s second-biggest beer maker, is out of the woods at last as it reported its first annual profit since 2017 in the 2025 financial year. The results signal profound relief for AB InBev, the Belgian majority owner, which had endured seven harrowing years of losses.The company booked N50.9 billion...