The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the appointment of Juliet Anammah as the substantive chairman.

Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year.

According to a statement signed by the Company Secretary/Legal Director, Uaboi Agbebaku, her appointment was announced after the Board of Directors meeting held on Thursday, December 12, 2024.

Prior to her appointment as the Chair of the Board, she was the Chair of the Governance and Ethics Committee of the company. She joined the Board effective January 1, 2022. She brings three decades of professional experience in Consulting, Consumer Goods, Sales, Marketing, e-commerce, and Sustainability to the board.

Until this appointment, she was the immediate past Chair and Chief Group Sustainability Officer of Jumia Nigeria, having previously held the role of Chief Executive Officer with Jumia. She had also served as the Managing Director, Accenture LLC in charge of the firm’s Consumer Goods Practice, Retail, and Transportation practice in West Africa. She has also served on various boards of local and international organisations, including Flour Mills of Nigeria Plc.
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Following this appointmentwhich takes effect January 1, 2025, the board will now be composed of Mrs. J. Anammah – Chair; H. Essaadi (Dutch) – Managing Director/Chief Executive; Mrs. A.O. Aroyewun; S. Hiemstra (Dutch); MFR; Mrs. S. Ojekwe-Onyejeli; Mrs. I.M. Omoigui Okauru, J.A.A. Overmars (Dutch); R. Pirmez (Belgian); I.A. Puri; B.A. Wessels Boer (Dutch).

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Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians.

This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation for November.

The report showed that the country’s headline or all-items inflation increased by 0.72 percent on a month-on-month basis.

Also, Nigeria’s inflation increased by 6.40 percent compared to 28.20 percent recorded in November 2023.

The rise in prices of food items pushed food inflation to 39.93 percent in November from 39.19 percent in October.

The report also showed that urban and rural inflation stood at 37.10 percent and 32.27 percent, respectively.

The increase in Nigeria’s inflation comes amid the Central Bank of Nigeria’s monetary policy interventions.

The apex bank, led by Olayemi Cardoso, consistently had a hike in interest rates with rising inflation as justification.