guinness nigeria
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Nigeria Guinness Nigeria Reports N73.6 Billion Loss Amid Forex Struggles and Tolaram Takeover
Guinness Nigeria Plc reported a pre-tax loss of N73.6 billion for the financial year ending June 30, 2024, primarily due to forex devaluation affecting its foreign currency loans. The brewery giant, recently acquired by Tolaram Plc from Diageo Plc, continues to face financial challenges amidst...- Nigeria News
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- diageo plc sale forex depreciation guinness nigeria n73.6 billion loss tolaram takeover
- Category: Business
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Nigeria Nigeria Reacts to Diageo Exit: Concerns Over Economy and Industry Future
The decision by Diageo to exit Nigeria triggers debates on social media. Critics blame economic challenges and government policies, while others see opportunities for local industries. Tolaram's acquisition of Guinness Nigeria's stake raises questions about the future of the beverage industry...- Nigeria News
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- diageo exit nigeria guinness nigeria tolaram acquisition
- Category: Business
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Business Guinness Nigeria Plc H1’18 – Earnings Momentum Picks Up In H1’18 – Nairaland
Earnings momentum picks up in H1’18… H1’18 revenue slightly above estimate, up 19% y/y EBIT margin strengthens on operating cost improvementDebt burden fading, loans down 250% y/YPAT strengthens to ₦2.1 billion in H1’18 (H1’17: ₦4.7 billion LAT) Volumes drive revenue growth in H1’18 results...- curator
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Business Ex Guinness Nigeria MD, Seni Adetu, Appointed Fidelity Bank Director
Chief Seni Adetu, has been appointed by Fidelity Bank Plc as an Independent Non-executive director. Adetu is the the immediate past Managing Director of Guinness Nigeria Plc. He will be bringing 30 years of quality private sector experience to the Fidelity Bank board, the bank said in a...- LequteMan
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Metro NAFDAC Destroys Expired Raw Materials of Guinness Nigeria
The National Agency For Food and Drugs Administration and Control (NAFDAC) on Wednesday destroyed expired malt extract and glucose belonging to Guinness Nigeria Plc at the dump site in Otta, Ogun state. A NAFDAC staff on site, who preferred anonymity told Vanguard that: “this is a case which...- ProfRem
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Business Guinness Nigeria Appoints Ex Minister Omobola Johnson as Director
Guinness Nigeria has announced the apointment of Dr.Omobola Johnson as a non-executive director of the Company. Dr. Johnson is an alumnus of the prestigious University of Manchester, University of London and Cranfield University, all in the United Kingdom. She started her professional career in...- LequteMan
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Business Guinness Acquires Rights to Distribute McDowell's in Nigeria
Guinness Nigeria Plc (“GN”) has agreed to acquire the rights to distribute McDowell’s’, a mainstream spirits brand of United Spirits Limited (USL) in Nigeria. USL is an Indian mainstream spirits business which is also a subsidiary of Diageo Plc. According to a statement signed by Guinness...- LequteMan
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