NB clears FX liabilities, slashes local debt by N400 billion

Following the successful completion of its N599 billion rights issue Nigerian Breweries Plc has announced that the proceeds from the capital raise have been instrumental in eliminating its foreign exchange (FX) debt entirely from its balance sheet, a move that mitigates its exposure to currency volatility.The post NB clears FX liabilities, slashes local debt by N400 billion appeared first on The Guardian Nigeria News - Nigeria and World News.

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