📺 Nigeria TV Info – July 26, 2025

Champion Breweries Plc has received shareholder approval to increase its authorised share capital to 5 billion shares and raise N45 billion through a combination of debt and bonds. According to a statement issued by the company on Friday, this significant move is aimed at supporting the firm's ambitious expansion strategy. EnjoyCorp Limited, the majority shareholder, backs the capital raise which was approved during an Extraordinary General Meeting held virtually on Thursday. This endorsement reflects strong investor confidence in Champion Breweries’ transformation agenda and long-term growth plans. The newly approved funding will strengthen the company’s balance sheet, improve liquidity, and provide the flexibility needed to pursue aggressive innovation and expansion. Additionally, shareholders approved the acquisition of select intellectual property and brand assets to broaden the company’s product offerings, improve efficiency, and solidify its standing in Nigeria’s highly competitive beverage industry.