Nigerian Breweries PLC, in its ongoing financial restructuring, has received a crucial lifeline from its parent company, Heineken, which has suspended interest payments on loans to the Nigerian subsidiary.
The highest-earning MDs and CEOs amassed a combined total of N7.9 billion in 2023 representing a significant increase from the N4.227 billion combined salaries in 2022
The Managing Director of Nigeria Breweries Plc, Mr. Hans Essaadi has outlined certain macroeconomic issues that will affect the company’s performance in 2024. These inlcude; high inflation, naira devaluation, the “Japa syndrome”, insecurity and pressure on consumer’s disposable income.
