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NIGERIAN BREWERIES
Nigerian Breweries is seeking its shareholders approval to raise up to N600 billion capital through a Rights Issue. The decision was made during its specially convened Board of Directors meeting held on April 3, 2024.
In the 2023 fiscal year, Nigerian Breweries Plc (NB), a subsidiary of Heineken NV, encountered its most challenging period, primarily due to significant losses on foreign exchange transactions and elevated interest expenses.
The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West Zone.
A United Kingdom energy firm Konexa will today sign a £14 million deal with Nigerian counterpart North South Power to provide Nigerian Breweries with 100% renewable energy in the coming years.
Nigerian Breweries (NB PLC) has taken a significant step that is set to impact beer lovers across the nation, as they announce a price increase on all their products effective August 10, 2023.
The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a revenue of N277 billion for the half-year ended June 30, 2023.
Nigerian Breweries Plc has said that it is considering an offer to acquire 80% shareholding in Distell Wines & Spirits Nigeria Limited.
The loan was necessary to help the company address the challenge of forex and pay off some of its overdue foreign currency-denominated payables.
Nigerian Breweries Plc says that it will require shareholders’ approval for a €110 million inter-company loan at the Annual General Meeting.
The NGX has admitted 145,074,002 units of Nigerian Breweries Plc’s shares arising from the 2021 Scrip Dividend Election Scheme into its platform.
Nigeria's largest companies earned a whopping sum of N2.33 trillion as revenue in the first quarter of 2022, outpacing their earnings in the corresponding period of 2021...
Nigerian Breweries plans to pay out about 100% of its 2021 full-year profits as dividends.