Hard hit by climate change, farmers in Nigeria’s ‘food basket’ face new foesINVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesBlood on UniformsHard hit by climate change, farmers in Nigeria’s ‘food basket’ face new foesINVESTIGATION: Beautiful infrastructure but poor staffing, lack of drugs hinder PHC services in Borno communitiesWith this development,the Board now has the authorisation to undertake capital restructuring by way of a...
Speaking during the Annual General Meeting, the Interim Chairman of the Board of Directors, Siep Hiemstra, explained that the decision to seek approval for the capital raising is in line with the company’s commitment to improving its financial position and returning the business to profitability while creating value for the shareholders.
Some of the shareholders who spoke at the meeting described the recapitalization exercise as a step in the right direction noting that it would have a considerable impact on the company’s business growth and performance. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.
In his remarks, the Managing Director/CEO, Nigerian Breweries Plc, Hans Essaadi, conveyed his gratitude to the shareholders for their support, stating that the company remains committed to delivering long-term growth to its shareholders, despite the current economic headwinds and challenges. At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
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