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    NIGERIAN BREWERIES’ N599.1BN RIGHTS ISSUE

    NIGERIAN BREWERIES’ N599.1BN RIGHTS ISSUE 1. Rights Issue Announcement: Nigerian Breweries Plc is launching a N599.1bn rights issue to reduce its foreign exchange (forex) losses and ease local debt burdens. This was disclosed during the ‘Facts Behind the Rights Issue’ presentation by the...
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    NIGERIAN BREWERIES N600 BILLION RIGHTS ISSUE AND FX DEBT CHALLENGE: A DETAILED BREAKDOWN

    NIGERIAN BREWERIES N600 BILLION RIGHTS ISSUE AND FX DEBT CHALLENGE: A DETAILED BREAKDOWN The Nigerian Exchange Limited (NGX) recently approved Nigerian Breweries Plc's application to raise N600 billion through a rights issue. This issuance involves offering 22,607,491,232 ordinary shares of 50...
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