The Managing Director/CEO, by Hans Essaadi who disclosed this at the company’s Pre-AGM press briefing in Lagos, said the increase in NB Plc trade payables has been driven majorly by outstanding payments to its foreign trade partners as a result of the unavailability of enough forex at the official windows.
“To enable us to settle the long overdue payables to IBECOR, Heineken International is ready to make available a €110 million loan to Nigerian Breweries. Being an inter-company loan and considering the amount involved, shareholders’ approval is required,” he said.
