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Champion Breweries Makes History With ₦30 Billion Maiden Bond Issuance.

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8 months ago

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According to Nivo News, Champion Breweries Plc has successfully completed its inaugural ₦30 billion 5-year Fixed Rate Senior Unsecured Bond issuance at a coupon rate of 19.50%, under its ₦45 billion Bond Issuance Programme. This historic transaction marks the first bond issuance by a company in Nigeria’s breweries sub-sector, reflecting Champion Breweries’ commitment to diversifying its funding sources, strengthening its capital structure, and positioning itself for sustainable growth in a competitive market.....KINDLY READ THE FULL STORY HERE▶

Despite being launched amid a volatile interest rate environment, the bond attracted strong demand from a wide range of institutional investors, including Pension Fund Administrators, Asset Managers, Trustees, banks, registrars, and high-net-worth individuals, underscoring confidence in the company’s creditworthiness and long-term growth strategy. Proceeds from the bond will be allocated to enhancing operational efficiency, modernizing production infrastructure, and supporting long-term value creation for stakeholders.

Chairman of Champion Breweries, Mr. Imo-Abasi Jacob, described the bond issuance as “more than a financing milestone; it is a statement of intent,” emphasizing the company’s resilient business model and strong governance. CEO Dr. Inalegwu Adoga highlighted that the capital raised would be deployed to drive operational efficiency and consolidate the company’s leadership in Nigeria’s beverage market.

Rand Merchant Bank Nigeria Limited (RMB Nigeria) acted as Lead Issuing House and Bookrunner for the bond, with Executive Director Chidi Iwuchukwu noting the transaction as a significant milestone for both the company and the breweries sub-sector, reflecting the depth and sophistication of Nigeria’s debt capital markets. CEO Bayo Ajayi added that the successful issuance demonstrates the growing confidence of investors in long-term funding opportunities within the sector and sets a precedent for future bond offerings.

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THE ULTIMATE SHOCKER: Sowore Drops A Bombshell And Accuses Amaechi Of Plotting To Poison Him!.

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2 hours ago

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August 26, 2026

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  • Post-Conference Exchange: Following their heated clash at the Nigerian Bar Association (NBA) conference in Port Harcourt, African Action Congress (AAC) presidential candidate Omoyele Sowore revealed on Arise News that he called former Rivers State Governor Rotimi Amaechi to demand an apology.....KINDLY READ THE FULL STORY HERE▶

    • The “Poison” Joke: Sowore recounted that instead of apologizing, Amaechi invited him over for food and drinks, to which Sowore playfully responded that he declined out of fear of being poisoned because he knew Amaechi was upset.

    • Democratic Credentials: Defending his political background, Sowore argued that his pro-democracy activism created the very political space that allowed politicians like Amaechi—who is the African Democratic Congress (ADC) vice-presidential candidate—to serve in high offices like speaker, governor, and minister.

    • Clash Over Records: Their initial disagreement ignited when Sowore criticized Amaechi’s record on railway projects and fuel subsidies, prompting Amaechi to defend his infrastructure projects and tell Sowore to “close his mouth” while politicians were speaking.

    • Economic Stance & Leadership View: Reaffirming his opposition to the removal of petrol subsidies, Sowore maintained that true leadership should be measured by vision, problem-solving, and commitment rather than merely holding past government positions.

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THE ULTIMATE RESCUE: How Gallant Troops Smashed A Bandit Hideout And Freed 14 Captives In A Rain Of Bullets!.

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2 hours ago

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August 26, 2026

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  • Successful Rescue: Nigerian Army troops from Sector 2, Operation FANSAN YAMMA successfully rescued 14 kidnapped victims from bandits in Zamfara State’s Tsafe Local Government Area.....KINDLY READ THE FULL STORY HERE▶

    • Swift Intervention: Acting on intelligence regarding suspicious movements near Magazu village, the troops intercepted armed criminals who were attempting to abduct motorists and other civilians.

    • Gunfight and Fugitive Bandits: After engaging the suspects in a firefight, the troops forced them to abandon their vehicle and flee into the surrounding bushes.

    • Casualties and Treatment: While no military personnel were harmed, one rescued victim sustained gunshot wounds and was promptly admitted to the General Hospital in Tsafe for treatment.

    • Ongoing Operations: The military emphasized that this successful mission is part of broader, continuous efforts by Operation FANSAN YAMMA to dismantle criminal networks and secure local communities.

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THE ULTIMATE FOREIGN EXCHANGE VERDICT: What Every Nigerian Needs To Know About Today’s Dollar Rates!.

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2 hours ago

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August 26, 2026

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  • Black Market Rates: On Tuesday, August 25, 2026, Bureau De Change (BDC) sources at the Lagos parallel market reported that the US dollar was sold at ₦1,407 and bought at ₦1,398.....KINDLY READ THE FULL STORY HERE▶

    • CBN Official Rates: Meanwhile, official Central Bank of Nigeria (CBN) figures recorded a highest rate of ₦1,350 and a lowest rate of ₦1,345 for the USD to NGN exchange.

    • Important Disclaimers: The CBN does not officially recognize the parallel market and advises individuals to conduct forex transactions through commercial banks. Additionally, actual market prices may vary depending on the platform or dealer.

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