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International Breweries Shareholders Endorse $379.9 Million Loan-To-Equity Conversion
It has been reported that International Breweries' majority shareholder, AB InBev Nigeria Holdings BV, has accepted a $379.9 million loan from the company's shareholders to help it repay a loan it rec...
Transcorp Power Plc Aims to Generate 740MW by the End of 2024
Transcorp Power Plc recently reported that by December 2024, it intends to boost its power-generating capacity from 550 to 740 megawatts.The power company's MD/CEO, Mr Peter Ikenga, revealed this duri...
Layoffs Hit as Nigerian Breweries Plc Moves to Shut down Two Plants
Nigerian Breweries, one of the biggest beer manufacturers, announced on Tuesday in its recent note to the Nigerian Exchange Limited that it will proceed to restructure its entire business in response ...
Nigerian Breweries Plc Plans to Raise N600 Billion Capital Through Rights Issue
In a recent announcement, Nigerian Breweries Plc declared it would use a rights issue to raise up to N600 billion.The decision to raise capital was made at Tuesday's Board of Directors meeting, accord...
International Breweries Plc Reports Loss of N70 Billion for 2023 FY
It was reported that after the Central Bank of Nigeria unified the foreign exchange market, International Breweries Plc reported a loss of N70.03 billion for fiscal year 2023, up from N21.63 billion t...