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International Breweries has stated that it would be able to return to profitability on the back of its rights issue as well

Excerpt

  Erastus Akingbola, former MD/CEO of the Intercontinental Bank PLC wrote a damning petition against a former Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi and a former Senate President, Dr. Bukola Saraki.   Akingbola, in a September 29, 2010 petition addressed to the Attorney-General of Federation and Minister of Justice, and the Attorney-General’s Chambers, Federal Ministry of Justice, Abuja, raised some issues regarding the forceful takeover of Intercontinental Bank by the government.  

For years, residents of about 30 communities under Orile-Imo Town, in the Obafemi Owode Local Government Area, have relied on three

The Nigerian beverage market has been dominated by Nigerian Breweries Plc (NB Plc) and Guinness Plc for decades. Nigeran Breweries Plc, a subsidiary of Heineken International was the pioneer and began brewing and marketing beer in 1949 (yes, before there was Nigeria). Nigeria also has some history with Guinness Plc, a subsidiary of Diageo as Nigeria was the first location to be selected outside Great Britain to brew the stout lager in 1963. NB Plc has nine breweries across Nigeria with two malting plants, while Guinness has five brewing plants. This picture has since changed as Anheuser-Busch...