N599bn rights issue to cut FX losses, says NB

Nigerian Breweries Plc has announced plans to reduce its foreign exchange losses through a N599.1bn rights issue. This was disclosed by the company secretary, Uaboi Agbebaku, at the ‘Facts Behind the Rights Issue” presentation by Nigerian Breweries at the Nigerian Exchange Limited on Tuesday. Agbebaku emphasised that the rights issue was aimed at eliminating forex

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