Nigerian Breweries (NB PLC) has officially announced a price adjustment on all their products starting from August 10, 2023.

According to a letter dated August 1, 2023, which was seen by Nairametrics, the company stated that the price review is necessary due to the significant increase in input costs, and it aims to mitigate its impact.

The excerpt from the letter reads, "This is to inform you that we will review the prices of some of our SKUs effective Thursday, August 10, 2023."

The decision to raise prices is a response to various challenges faced by the Fast-Moving Consumer Goods (FMCG) industry.

The increase in beer prices may potentially influence consumer purchasing behavior, leading some to reduce their beer consumption or seek more affordable alternatives.