01 October, 2020

Nigeria: Nigerian Breweries Plc’s stock price exceeds N50 mark as Heineken buys more shares

The stock price of Nigerian Breweries Plc (NB) has exceeded N50 mark from about N32.5 pershare in mid-August as the company’s foreign core investor, Heineken Brouwerijen B.V remained active in the buying market, WorldStage reported on September 30.

NB stock opened for trading on the Nigerian Stock Exchange (NSE) on September 30 at N52.55 per share with eight transactions involving 2,467 shares valued at N119,594.60 by 11.30AM Nigerian time.

The leading brewing company in Nigeria has confirmed fresh share dealing by insiders involving Heineken that purchased 3,039,436 units at N42.69 per unit which amounted to N129,753,522.84.

In a notification signed by Uaboi G. Agbebaku, Company Secretary released by the NSE, Heineken Brouwerijen B.V transaction took place on 22nd and 23rd September, 2020.

Nigerian Breweries Plc is the pioneer and largest brewing company in Nigeria. It serves the Nigerian market and exports to other parts of West Africa.

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