Trouble brewing?: Brexit challenge for Guinness supply chain

Guinness Nigeria announces ₦3.8 bln half year profit

Guinness Nigeria Plc, one of the leading beverage and alcohol companies in Nigeria and a subsidiary of Diageo Plc, yesterday announced its unaudited results for its first half year period ended 31st December 2018. The results which were released on the floor of the Nigerian Stock Exchange (NSE), showed that profit before tax increased to […]

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Guinness Nigeria declares ₦4.03 billion dividend

Guinness Nigeria Plc has declared a dividend of ₦4.03 billion for its shareholders for its financial year ended, June 30, 2018, translating to a dividend of ₦1.84 per share. Speaking at the 68th Annual General Meeting of the company, Chairman of Guinness Nigeria, Mr. Babatunde Savage, disclosed that the dividend represented an improvement of 318 […]

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Guinness Nigeria CEO steps down

Peter Ndegwa, the Chief Executive of Guinness Nigeria is to step down at the end of the 2018 financial year, after three years in the role, the management has stated. Ndegwa will be taking up a new role as the Managing Director, Continental Europe & Russia, within Diageo PLC, Guinness Nigeria’s parent company. The company […]

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Guinness rakes ₦7.9 billion profit in nine months

Guinness Nigeria Plc has witnessed considerable improvement in its bottom-line in the third quarter, recovering from a loss position to a pre-tax profit of ₦7.89 billion within the nine-month period. Key extracts of the interim report and accounts of Guinness Nigeria for the nine-month period ended March 31, 2018, showed a well-rounded performance with significant […]

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Guinness budget ₦7.2 million for winner of Maltavator challenge

Guinness Nigeria Plc, makers of Malta Guinness has set aside $20,000 (₦7.2 million) for the winner of its pan African television show, Maltavator challenge. The program will see home-grown Nigerian talents compete against contestants from Ethiopia, Ghana and Ivory Coast to see who can best fuel their greatness by turning the Malta goodness into greatness. […]

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We’ve right strategies to reduce debts on our balance sheet – Guinness Nigeria MD

As the country is officially out of recession, it is yet to reflect in the purchasing power of consumers. According to Mr. Peter Ndegwa, the Managing Director of Guinness Nigeria Plc, prices of commodities are still going up “as we can see consumers holding back on spending, reducing frequency of purchases or going for lower-priced […]

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Guinness creates 13 millionaires, grow small businesses via promo

Guinness Nigeria Plc said it has created 13 millionaires through its just ended, ‘Go Get It’ promo aimed at helping the growth of small-scale businesses. The idea of the promo, according to the company, is to help consumers who have business ideas but required some capital to start. Aside from the millionaires, other consumers were […]

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Guinness Nigeria selects 100 youth to develop Origin brand of alcohol

In a bid to reduce rising unemployment rate in Nigeria, Guinness Nigeria has selected 100 youths with innovations and entrepreneurial spirit to develop the Origin brand of alcohol. Speaking during an interactive session with youths and media representatives, the Senior Brand Manager of Nigeria’s brewing giant, Guinness Nigeria , Auraro Monya, said that the company, […]

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More winners emerge in Guinness Nigeria promo

The Guinness Nigeria Plc national consumer promo, NCP, embarked upon by Malta Guinness, now in its fourth week, has produced another millionaire and three more ₦100,000 winners. Otome Oyo, Marketing Manager, Malta Guinness and Premium Non Alcoholic drinks, at the weekly draws last week stated: “At the launch of the promo, we announced that every […]

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Guinness Nigeria post 23 pct increase in 2017 revenue

Guinness Nigeria plc has announced 23 per cent growth in revenue to ₦125 billion for the full year ended 30 June 2017. The results, released to the Nigerian Stock Exchange, NSE, also showed a gross profit of ₦48.3 billion which is 16 per cent higher compared to the previous year and an operating profit of […]

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Guinness opens application for ₦40 billion rights issue

Guinness Nigeria Plc has opened application list for its ₦39.7 billion rights issue, paving the way for shareholders to pick up their rights. The rights are also being traded on the automated trading system at the Nigerian Stock Exchange. Application list for the rights issue opened on July 24, 2017 and will close on August […]

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Guinness Nigeria receives SEC, NSE approvals to float ₦39.7bn issue

Guinness Nigeria Plc has received the Securities and Exchange Commission and the Nigerian Stock Exchange’s approvals to float a rights issue of ₦39.70bn. The company said in a statement on Tuesday in Lagos that it had received clearance of the issue documents from both regulators to list the new shares on the NSE. It said […]

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