The company is hoping to raise about $800m (£601m) from the initial public offering (IPO) and is targeting a valuation of $8bn to $9bn, which would make it one of London’s largest listings in recent years.
The CBN, at its 307th Monetary Policy Committee (MPC) meeting on September 21–22, 2026, reset the MPR from 26.5 per cent to 23 per cent — a 350-basis-point reduction.
According to Cardoso, with the current stability in the market, there was no better time to adjust the rate than now.
Coca-Cola had the highest number (21,893), followed by McDonald’s (13,915), Powerade (12,777), and Lay’s – the crisps manufacturer known as Walkers in the UK – (12,087).
The Managing Director/CEO of Nigerian Breweries Plc, Thibaut Boidin, said the anniversary should be an opportunity to celebrate the people who have contributed to the company’s journey.
Agricultural PriceUSd Chg % Soybeans 1324.40 3.6 -0.27% Wheat 721.62 5.13 -0.71% Palm Oil 4856.00 1.00 -0.02% Coffee 273.61 2.79 -1.01% Cotton 82.724 0.696 -0.83% Cocoa 5351.00 24.00 0.45% Sugar 18.15 0.24 -1.28%
The order followed a meeting between the central bank and managing directors of commercial banks on August 27, as well as an industry-wide review of how banks employ foreign personnel.
Fiscal and monetary policies remain two important and complementary instruments for the management of a modern economy.
“MAN therefore views the August inflation outcome as an opportunity to move from simply managing inflation to addressing the structural costs that keep Nigerian manufacturing expensive,” he said.
The meeting was attended by representatives of the Ondo State Government, ODSG, and Dangote Industries Limited on the proposed investment in Olókòlá Free Trade Zone, (OKFTZ) and the Dangote Industrial City within the area.
