Nigerian Breweries (NB) Plc
4 May 2024
Shareholders associations in Nigeria have given their nod to plans by Nigerian Breweries (NB) Plc to raise N600 billion through rights issues on the back of foreign exchange exposures that precipitated a loss of N106 billion for the 2023 financial year. The company had announced at its pre-AGM briefing held on April 10, 2024, that…
18 Apr 2024
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
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