As foreign exchange debt continues to mount for Nigeria’s foremost brewing company, the Nigerian Breweries Plc, the Nigerian Exchange Limited (NGX), has approved a rights Issue of N600 billion to tackle the problem. The NBL Plc, the largest brewer in the country, plans to offer 22,607,491,232 ordinary shares[Read More…]
Nigerian Breweries suffers 860% loss in 2023 financials Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss. Company Secretary, Nigerian Breweries, Uaboi Agbebaku, stated this in the audited[Read More…]
Nigerian Breweries Chairman, Ighodalo resigns position to pursue political career Asue Ighodalo has announced his resignation as the Chairman, Board of Directors of the Nigerian Breweries Plc to pursue his governorship ambition in Edo State. Ighodalo had informed the board during a meeting on 7 December, 2023 of his[Read More…]
Nigerian Breweries Plc has concluded plans to acquire 80% stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry. According to a notification to the Nigerian Exchange Limited, NGX, and signed by the[Read More…]
