Daily Archives: January 24, 2017

Vendor files petition with AG against Nigerian Breweries

Nigerian Breweries Plc (NB) said on Tuesday that one of its former petroleum vendors has filed a petition with the Attorney General of the Federation against some members of its management.

In a released statement signed by NB’s Corporate Affairs Adviser, Kufre Ekanem, the company said that TMDK oil Traders, a vendor who had been under a three year contract to supply petroleum products to the company had filed a petition with the Attorney General of the Federation and the Minister of Justice.

Guinness Nigeria shareholders approve proposed N40bn Rights Issue

Guinness Nigeria Plc, on Tuesday received approval from its shareholders for a proposed N40bn ($127m) rights issue.

At an Extra-Ordinary General Meeting (EGM) held in Lagos on Tuesday, Guinness Nigeria’s shareholders approved the request.

Guinness Nigeria board chairman, Mr. Babatunde Savage, said the shareholders’ approval would enable the company raise up to N40bn as fresh cash injection into the business operations.