Tag
GUINNESS NIGERIA
News and analysis about Guiness Nigeria
Guinness Nigeria Plc has announced its unaudited financial results for the nine months ended 31 March 2025, delivering a strong performance that reflects the company’s strategic discipline, commercial agility, and commitment to long-term value creation.
Guinness Nigeria Plc has confirmed its continued status as a publicly listed entity on the Nigerian Exchange following the launch of a Mandatory Takeover Offer (MTO) by N Seven Nigeria Limited (a member of the Tolaram Group).
After several quarters in the red, Guinness Nigeria Plc has finally clawed its way back to profitability.
Big profits, bigger questions! Transcorp Power, Aradel, Livestock Feeds, and Guinness just dropped massive earnings—what’s fueling the surge?...
Guinness Nigeria Plc has announced the resignation of Mr. Emmanuel Difom as Director, Finance and Strategy and onward appointment of Mr. Mayank Kabra in his place effective on the 1st of November, 2024.
Guinness Nigeria Plc has announced the appointment of Mrs. Vivien Shobo, the former CEO of Agusto & Co. to its board as an Independent Non-Executive Director.
Leading Nigerian law firm Templars has announced its role in advising Tolaram, a Singaporean conglomerate, on acquiring a 58.02% stake in Guinness Nigeria PLC from Diageo.
With an All-Share Index of 99,925.29 as of June 14, 2024, the market has a year-to-date return of 33.64%. This is in contrast with the 39.84% YTD return achieved at the end of Q1 2024.
On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, bringing an end to over five decades of direct ownership of the Nigerian subsidiary.
Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram.
In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on the NGX.
Guinness Nigeria Plc will continue to import and distribute Diageo international premium spirits products.