Nigerian Breweries have been slammed with various lawsuits that could cost the firm 17.9 per cent of its net profit, Ripples Nigeria has learnt.
It was gathered that Nigerian Breweries has pending litigation and claims that could lead to the brewer losing N2.5 billion.
This is higher than the value of litigation against the alcoholic producer in 2021, which was N1 billion. Although Nigerian Breweries said that based on independent legal advice, the risk of loss is lower than 50 per cent.
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