Page 10 - Breweries Plc News Today

By Itohan Abara-Laserian Lagos, April 23, 2021 (NAN) Shareholders of Nigerian Breweries (NB) PLC. at the 75th Annual General Meeting (AGM) held April 22 approved dividend of N7.52 billion for the 2020 financial year. Mrs Sade Morgan, Corporate Affairs Director of the company, said this in a statement on Friday in Lagos. Morgan said the company assured the shareholders of its commitment to continually improve returns on their investments. Morgan said the shareholders noted at the AGM that the t...

Goddy Egene The Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said called on shareholders to embrace the script dividend option proposal offered by the company because of its many benefits. Nigerian Breweries Plc has recommended a dividend of N7.7 billion for its shareholders for the 2020 financial year. However, the company also gave shareholders the option to receive additional shares instead of cash dividend. The recommendation, which amounts to a total dividend of N...

Only a few days ago, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, led a delegation to Borno State to meet with the Governor of the State, Babagana Zulum. In the conversation with Zulum, Kyari promised the establishment of a gas-fired power plant in Borno State within a maximum of 4 months to solve the recent blackouts that resulted from insurgents cutting off Borno from the national grid since January this year. In Kyari’s words, “We have t...

CBN "Naira 4 Dollar Scheme" Explained Blurb

Nigerian Breweries 2020 financial statement is proof that even the best can get caught up in the reality of changing business lifecycles

Punch Newspapers Sections ’Femi Asu The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors record a total loss of N1.37tn. But the benchmark index, ASI, fell by 0.59 per cent on Tuesday to 39,697.62 basis points from 39,931.63bps on...

Punch Newspapers Sections ’Femi Asu The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC of Nigeria Plc and 11 other firms on Monday. Investors in the market had recorded a total loss of N1.37tn in February as market capitalisation tumbled below N21tn amid profit-taking. The Nigerian Stock Exchange All-Share Index closed at 39,799.89 basis points in February from 42,412.66bps at the end of January, while the market capitalisation o...

Nike Popoola Nigerian Breweries Plc said it recorded a turnover of N337.01bn in revenue in its audited financial statement for the year ended 31 D...

The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019.

The N0.94 dividend declared for full year 2020 is well below a 10-year average of N3.55, which dwarfs it by almost 74 per cent.