Daily Archives: April 24, 2023

Nigerian Breweries plans €110mn loan from Heineken to offset debts … Says in talk with FG over proposed excise duty hike

Nigerian Breweries Plc has said it will seek shareholders’ approval for a loan of €110 million from its parent company, Heineken International, at its forthcoming annual general meeting (AGM).
This is as the company said it might face more difficult times if the Federal Government (FG) went ahead to increase excise duty on its products. The company says they are currently in talks with government.

Chevron says to continue business in Nigeria till 2042, expends $0.5bn on Africa assets

Chevron Nigeria has further taken steps to remphsis it’s decision to continue operations in Nigeria as it increases the Usan and Agbami oilfield leases till the year 2042.