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archiveMarch 19, 2025

CAPITAL MARKETMARKETSTOP STORY

Nigerian Breweries completes 100% acquisition of Distell

Nigerian Breweries Plc has acquired the remaining 20 percent shareholding in Distell Wines and Spirits Nigeria Limited (DWSN)), securing full ownership of the company. This development follows the brewing giant’s earlier 80 percent acquisition of Distell’s minority shares last year. The company made this known in a statement released on...
ECONOMYTOP STORY

FAAC allocations rose by 43% in 2024 – NEITI

THE Nigeria Extractive Industries Transparency Initiative (NEITI) report said the Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to the federal, state, and local governments in 2024. The NEITI FAAC Quarterly Review, released by NEITI on Tuesday in Abuja showed that the disbursements represented a historic high in...
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