Tag: Nigerian Breweries

Fintech startup Pass raises pre-seed round in its expansion plan

Frank

NIGERIA – Fintech startup Pass has announced that it has embarked on a major operational expansion with the raising of pre-seed round that included angel investors from across US, Dubai and Nigeria. Pass is a technology company that is improving the online shopping experience by making the process of checking out easy and seamless for online shoppers through its one-click checkout platform. It was founded by Eze Samuel, a second time founder; with the goal of making online shopping easy, seamless, and fast for buyers of goods online, by reducing…

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Heineken acquires additional shares in Nigerian Breweries

Frank

NIGERIA – Heineken International, a Dutch multinational brewing company, has increased its stake in Nigerian Breweries shares through an acquisition of 3.3 million additional shares. According to a notification to the Nigerian Stock Exchange, signed by the Company’s Secretary, Uaboi G. Agbebaku, the acquisition was made on the bourse over three transactions in September this year. An analysis conducted by Nairametrics, revealed that Heineken spent around N138 million (about US$358,000) in the transaction. This is the second time in a span of two months that Heineken is purchasing more shares…

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Nigerian Breweries unveils Series 7 and 8 Commercial Papers to raise more funds

Frank

NIGERIA – Nigerian Breweries has announced the continuation of its Commercial Paper Programme with the launch of N48bn (US$123.3m) Series 7 and 8 which is set to open on the 6th of April, 2020. This comes barely two months after the brewing giant launched series 5 and 6 Commercial Paper (CP) to raise N45 billion (US$115.6m) in February. The company has successfully concluded Series 1 to 4 of its renewed N100 billion (US$256.8m) CP programme. In a statement, the company said that while Series 7 would be for a tenor…

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