Beer-maker Nigerian Breweries will undertake a company-wide rejig of its operations in response to a host of financial and operational difficulties, the company said Tuesday in a note to the Nigerian Exchange Limited.
The operational concerns include a record foreign exchange loss last year, which is leaving it with no option but to close down two of its nine plants.
The hard choice becomes necessary to reposition the Nigerian subsidiary of Heineken Brouwerijen B.V. for a sustainable future favourable to stakeholders.
