Tag Archives: Guinness Nigeria

Guinness’ Revenue Increases By 9% To N118. 5bn

Guinness Nigeria Plc, has announced its unaudited results for its first half year ended 31st December 2022, recording a revenue N118.451 billion, representing a nine percent growth from N 109.124 billion in the corresponding period of 2021.

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NSE Raises A Toast To Guinness Nigeria At 70 Years

Guinness Nigeria Plc, one of the pioneer companies to be listed on The Nigerian Stock Exchange (NSE or The Exchange), in the Beer and Beverage Industry, marked its 70th anniversary celebration with a Closing Gong ceremony at the Exchange on Monday, 22 June 2020.

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Guinness Nigeria Partners FRSC To Deepen Safety Culture Among Drivers

In further demonstration of its avowed commitment to promote road safety and sustainable transport systems in the country, Guinness Nigeria Plc, a subsidiary of Diageo Plc, has partnered with the Federal Road Safety Corps (FRSC) to drive advocacy for a heightened safety culture on the roads during the Benin leg of the Guinness Nigeria 2018 Transport and Safety Week. With …

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Guinness Nigeria Appoints New Managing Director

The Board of Directors of Guinness Nigeria Plc on 1st August 2018 approved the appointment of Mr. Baker Magunda as the Managing Director/Chief Executive Officer and as a Member of the Board of Directors of Guinness Nigeria Plc with effect from 1st July 2018. Mr. Peter Ndegwa, gave notice of his resignation as the Managing Director/Chief Executive Officer of Guinness …

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Guinness Nigeria grows revenue by 30% in 2017 Q1

Guinness Nigeria Plc has posted 30 percent growth in revenue for the first quarter which ended Sept. 30, 2017. The company in a result declared on the Nigerian Stock Exchange on Friday, said that the revenue stood at N29.9 billion compared to N23.02 billion achieved in the comparative period of 2016. The company’s gross profit during the period under review …

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Guinness Nigeria clarifies N40bn rights issue ..As stakeholders endorse issue

Guinness Nigeria Plc on Tuesday presented a breakdown of its plans to raise N39, 700,688,598 by way of rights issue to its existing shareholders, the event was attended by a cross section of stakeholders including shareholders, fund/portfolio managers, regulators, auditors, issuing houses and registrars. At the company’s Extra-ordinary General Meeting (EGM) in January 2017, shareholders authorized the Board of Directors …

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Guinness Nigeria to float N39.7 billion rights issue

Following shareholder approval, Guinness Nigeria Plc has received clearance of the issue documents from the Securities and Exchange Commission (SEC) and approvals from the Nigerian Stock Exchange (NSE) to raise additional N39, 700,688,598 by way of rights to existing shareholders. The allotment will be on the basis of five new shares for every 11 shares held by shareholders, whose names …

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Guinness Nigeria offers 5 for 11 shares in N39.7 bn Rights Issue

Guinness Nigeria Plc would be raising N39.7 billion in new equity funds from shareholders in the book of the company as at the close of business yesterday. Details shows that the board of directors of Guinness Nigeria, through its stockbroker, Stanbic IBTC Stockbrokers Limited, filed application for regulatory approval for the supplementary new issue. According to the regulatory filing, Guinness …

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Guinness Nigeria Denies PharmaDeko Indebtedness Claims

Guinness Nigeria Plc has denies that it is indebted to Pharma Deko Plc in the stated amount or any amount at all as stated by the pharmaceutical company. According to a statement from Guinness Nigeria Plc which was made available to Financial Edge on Friday, the brewing giant said its solicitors have filed a robust defence to Pharma Deko’s claims …

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