Beer-maker Nigerian Breweries Plc has reacted to a report by PREMIUM TIMES showing its directors’ emolument for the last financial year rose by over 25 per cent.
The company said while the naira value of the directors’ emolument indeed increased as shown in its 2020 audited earnings report, the basis for the news report, the increment was a result of foreign exchange variation.
“We would like to state unequivocally that our Directors did not get a big pay boost amid COVID-19 as portrayed in the headline and neither was the base salary of our Managing…
