Nigerian Breweries raises N599bn to clear debts, FX

Nigerian Breweries raises N599bn to clear debts, FX

Nigerian Breweries Plc says it is raising N599.1 billion through rights issue on the Nigerian Exchange Ltd. to eliminate overdue Foreign Exchange payable and reduce local debts. The News Agency of Nigeria reports that Nigerian Breweries had faced a challenging financial period, posting a loss after tax of N85.3 billion in the first half of

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