Nigerian Breweries Plans N599bn Rights Issue To Mitigate FX Losses

Nigerian Breweries Plc has revealed plans to reduce its foreign exchange losses through a N599.1 billion rights issue. The company’s Secretary, Uaboi Agbebaku, announced this during the ‘Facts Behind the Rights Issue’ presentation at the Nigerian Exchange Limited on Tuesday. Agbebaku stated that the rights issue is intended to eliminate forex losses from the company’s … Continue reading Nigerian Breweries Plans N599bn Rights Issue To Mitigate FX Losses