Production Costs Rising But Beer Margins Still Look Tasty

Even though the cost of making and selling beer has been rising in Nigeria, margins generally still look pretty good to us. The likes of Heineken-owned Nigerian Breweries Limited (NBL) and Diageo-owned Guinness Nigeria have regularly been churning out operating margins that stack up very well against a lot of the big Europe-based beer majors, as the first chart illustrates.

To read the full article, please choose one of the following options: