Nigerian Breweries to cut FX losses with N599bn rights issue

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 the Nigerian Breweries at the Nigerian Exchange Limited on Tuesday. Agbebaku emphasised that the rights issue was aimed at eliminating

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