
For investors tracking Nigerian Breweries Plc, the company's commanding N2.29 trillion market valuation comes with a striking structural reality: the vast majority of its 30.983 billion shares outstanding are locked in just three vaults.
Following a historic balance sheet restructuring that tripled Nigerian Breweries share count to pay down FX debt, a massive 81.7

For investors tracking Nigerian Breweries Plc, the company's commanding N2.29 trillion market valuation comes with a striking structural reality: the vast majority of its 30.983 billion shares outstanding are locked in just three vaults.
Following a historic balance sheet restructuring that tripled Nigerian Breweries share count to pay down FX debt, a massive 81.7