Nigerian Breweries has disclosed that the company is in need of N25 billion to meet its capital requirement for the brewer’s operation.
The drink producer made this known in a corporate document obtained on Wednesday from the capital market authority, Nigerian Exchange Limited (NGX), but dated May 2.
Nigerian Breweries said the N25 billion will be borrowed through the issuance of the Commercial Paper Programme with the launch of Series 4, 5 and 6 of the CP Programme that opened on April 28, 2023, and will close on May 3, 2023.
