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International Breweries to raise N588bn to settle foreign debt

International Breweries Plc has said the capital raised from the sale of 161.17 billion shares through rights issue will be used to settle.

Carlos coutinoDavid tomlinsonWorld bankAb inbev groupInternational breweriesInternational brewerieNigerian exchange limitedInternational breweries plcManaging directorFacts behind the rights issueFinance directorBev group

SEC approves International Breweries 161 billion share rights issue

SEC approves International Breweries 161 billion share rights issue
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Marian reginald ukwuomaAzonuchechi chukwuInternational brewerieNigerian exchangeShareholders of international breweriesCompany registrarsSecurities exchange commissionCiti bankAb inbev nigeria holdingsInternational breweries plcInternational breweriesRights issueBreweries plcNigerian exchange limitedCompany secretaryExtraordinary general meeting

International Breweries: We re raising N588bn to settle foreign debt

International Breweries: We re raising N588bn to settle foreign debt
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Carlos coutinoDavid tomlinsonInternational brewerieInternational breweries plcAb inbev groupWorld bankNigerian exchange limitedInternational breweriesFacts behind the rights issueBev group

International Breweries to sell 161bn shares through rights issue

International Breweries Plc has announced plans to sell 161,172,395,100 ordinary shares through rights issue.

Marian reginald ukwuomaSecurities exchange commission theInternational brewerieAb inbev nigeria holdingsInternational breweries plcNigerian exchangeInternational breweriesSecurities exchange commissionNigerian exchange limitedRights issueBev nigeria holdings

Eight manufacturers suffer N627bn forex losses

Eight manufacturers, including Dangote, BUA and Lafarge saw their foreign exchange-related losses rise to N627.7bn in the first quarter

Ayodele abioyeLolu alade akinyemiLafarge africaWassim elhusseiniOlusegun vincentInternational brewerieNigerian exchangePan atlantic universityNigerian breweriesLafarge africa plcInternational breweriesNestle nigDangote sugarChief executive officerDangote cementObu line three