Tag Archives: Guinness Nigeria Plc

Nigeria Customs applauds Guinness Nigeria on payments, vows stronger ties

Guinness Nigeria Plc has been commended for strong compliance and due diligence in remitting its tax and statutory obligations to the Nigeria Customs Service (NCS).

Customs Area Controller (CAC), Lagos Industrial, Nigeria Customs Service, Comptroller Morenike Oladunni, made the commendation during a visit to the company on Monday, October 16, 2017. She said Guinness Nigeria’s impressive compliance with respect to the disbursement of excise duties is not only noteworthy but a reflection of its enviable corporate governance standards.

Guinness Nigeria N40bn Rights Issue oversubscribed

Guinness Nigeria Plc, said on Wednesday that its share sale to existing shareholders to raise N39.7bn ($126m) was oversubscribed by 16%.

The Nigerian subsidiary of drinks maker Diageo Plc said it sold five shares from the company for every 11 held by shareholders, at N58 naira per share.

Guinness Nigeria Makes Four New Executive-Level Appointments

Guinness Nigeria Plc has announced the appointment of four directors, as the foremost brewer re-energizes to optimize performance and execute its strategic growth plans. The appointments have taken effect.

The appointees are Bola Olajomi-Otubu, Human Resources Director; Colman Hanna, Supply Chain Director; Adenike Adebola, Marketing and Innovation Director (Guinness and Spirits) and Jody Samuels-Ike, Marketing and Innovation Director (Innovation, Lager, Consumer Connections and APNADS).

Guinness Nigeria appoints Mark Sandys to its Board as Non-Executive Director

Guinness Nigeria Plc, on Monday announced the appointment of Mark Sandys to its Board as a Non-Executive Director effective 30th August 2017.

Sandys, a long-serving executive of Diageo Plc with over 20 years’ experience has an MA degree in English and French from Balliol College, Oxford University in 1996.

In the over 19 years he has been with Diageo, he has served as a Senior Marketing Executive in different capacities including as Global Marketing Strategy & Innovation Director Baileys, Marketing & Innovation Director, Diageo Russia & Eastern Europe (based in Moscow), Category Director, Whiskey & Reserve, Asia Pacific.

Guinness Nigeria posts 23% revenue growth, returns to profitability in full-year

Guinness Nigeria Plc, said on Tuesday that revenue for the full-year ended 30th June 2017 grew 23% to ₦126bn ($348m), up from ₦102bn ($282m) in the previous year.

The maker of Guinness Foreign Extra Stout and Dubic Lager said it returned to profitability for the first time in four quarters, posting a profit of ₦1.9bn ($5.2m), from a loss of ₦2bn.

Guinness Nigeria sponsored engineers graduate

The first set of students from the Guinness Nigeria sponsored Graduate Skills Development Scholarship scheme has passed out in flying colours. The graduates completed a year’s training at the National Power Training Institute of Nigeria (NAPTIN).

At their graduation, Corporate Relations Director, Guinness Nigeria Plc, Mrs. Viola Graham-Douglas, said the objective of the collaboration with NAPTIN was to provide a pool of resourceful, competent and versatile engineers capable of delivering peerless technical services to further shore up the government’s transformation agenda in the power sector.

Malta Guinness launches “Go Get it” consumer promo

Malta Guinness, a malt drink from the stables of Guinness Nigeria Plc, has embarked on a nationwide consumer promo to rejig the brand and boost sales.

The promo tagged “Go Get it” with a fund of over N100 million naira will be asking consumers what they would do with N1 Million Naira using #ifIhadamillion.

Guinness Nigeria appoints Leo Breen as Non-Executive Director

Guinness Nigeria Plc, announced on Wednesday the appointment of Mr. Leo Breen to its board as a non-executive director with effect from 25 April 2017.

Mr. Breen has over 14 years working experience as Finance Director for a Diageo business unit comprising 16 countries including companies in Greece and Italy.

Guinness Nigeria stakes its future on low cost beer

Guinness Nigeria Plc, said it plans to broaden its participation in the value segment of the beer market as part of its strategy to return to profitability.

The maker of Guinness Extra Stout made this known in a rights Issue prospectus it released to shareholders in July. The company is seeking to raise N39.7bn ($109m) to enable it optimize its capital structure and reduce outstanding debt. The firm expects subscription to the rights issue and payment of debt obligation will be completed by the fourth quarter of 2017.

Guinness Nigeria opens subscription for N39.7bn rights issue

Brewing giant Guinness Nigeria Plc, on Tuesday unveiled application for subscription of its proposed N39.7bn ($126m) rights issue.

The company’s officials were at the Nigerian Stock Exchange (NSE) to present a detailed breakdown of the offer of 684.5m ordinary shares to Guinness Nigeria current shareholders to raise N39.7bn.