Tag Archives: Guinness Nigeria Plc

Obaseki to push for non-punitive tax system for local companies

The Edo State Governor, Mr. Godwin Obaseki, has said local companies looking to invest should be given more incentives to do so, including a non-punitive tax regime to encourage investments and boost the nation’s economic growth.

The Governor made the case while receiving the management team of Guinness Nigeria Plc., led by the Chairman, Babatunde Savage, who paid a courtesy visit to the governor, at the Government House in Benin City, the Edo State capital.

Guinness Nigeria pays courtesy visit to Edo State Governor, traditional fathers as it rolls out Royal Kingdom Lager

Guinness Nigeria Plc on Wednesday announced the launch of Royal Kingdom Lager beer; a truly local beer finely brewed to international quality.

According to the company, Royal Kingdom is a first of its kind; redefining quality, heritage, culture and royalty for the proud people of Edo and Delta States. It has a refined, crisp and refreshing taste made with pure ingredients for a rich and rewarding experience.

Guinness Nigeria makes transitional change; appoints Magunda as new CEO

Guinness Nigeria announced on Wednesday that CEO Peter Ndegwa will be stepping down to take up a new role within Diageo plc, Guinness Nigeria’s parent company. Baker Magunda, currently Managing Director of Meta Abo Brewery in Ethiopia will take over as the new CEO of Guinness Nigeria, following a period of transition.

Peter has been at Guinness Nigeria for nearly three years and has overseen the recent transformation at the company, including the successful Rights Issue and implementation of the productivity programme, the company said in a statement. Recent Q3 financial performance has shown the improvement that these projects are delivering.

Guinness Nigeria sustains nine months growth as profits surge

Guinness Nigeria Plc, on Friday reported results for the first nine months of its financial year through March 2018, with revenue rising 17.39% to ₦105bn from ₦90bn in the previous year, sustaining a growth momentum begun in June ending 2017, when the firm regained profitability.

Satzenbrau Lager awarded Gold in 2018 Monde Selection Awards

In recognition of Guinness Nigeria’s commitments to quality and excellence, one of its brands, Satzenbrau Premium Pilsner Lager has been awarded Gold in the 2018 Monde Selection Awards in Brussels, Belgium.

Monde Selection is an international and independent Institute that recognizes brands across the world for taste and quality.

Guinness Nigeria, Wecyclers partner on waste management

Guinness Nigeria Plc, and Wecyclers, a for-profit social enterprise that promotes environmental sustainability, socioeconomic development, and community health, have signed agreement on waste management.

The partnership is expected to, among other things, help support the implementation of Guinness Nigeria’s 4R waste management strategy, covering Reduction, Reuse, Recovery and Recycle, while addressing increasing local and global concerns around the environmental issues of waste disposal.

Guinness Nigeria appoints Stanley Wanyaoike Njoroge as new Finance Director

Guinness Nigeria Plc, announced on Friday the appointment of Mr. Stanley Wanyaoike Njoroge as its new Finance and Strategy Director as well as a member of its Executive Board with effect from 1st March 2018. He takes the place of Mr. Ronald Plumridge who resigned as Finance Director and a member of the Executive Board on 31st October 2017.

According to a profile statement released by the company, Mr. Njoroge is a Certified Public Accountant and a member of the Institute of Certified Accountant of Kenya (ICPAK). He is an alumnus of both the University of Nairobi and Strathmore University in Nairobi, Kenya.

Guinness Nigeria posts 19% rise in half-year sales

Guinness Nigeria Plc said on Tuesday that half-year sales for the 2017/18 financial year through 31 December 2017 grew 18.6% to ₦70.6bn from ₦60bn in the same period in 2016.

The company behind iconic brands Guinness Foreign Extra Stout and Harp Lager among others said that it recorded ₦2.1bn in profit for the period, from a loss of ₦4.7bn in the prior year. Guinness saw double-digit gains in its value beer segment, driven by Dubic Lager and a 22% sales boost from its mainstream spirits, driven by innovation launches and new formats.

Malta Guinness to launch Pan-African TV game show, ‘maltavator’ challenge

Malta Guinness, a malt brand from the stables of Guinness Nigeria Plc, is set to launch a pan-African TV show tagged the ‘Maltavator’ challenge that will see home-grown Nigerian talents compete against contestants from Ethiopia, Ghana and Ivory Coast.

According to a statement from the beverage maker, the Maltavator challenge will comprise 40 contestants and will challenge consumers physically and mentally through an assortment of games and obstacles, with twist and turns that will keep participants on the edge.

Rights Lawyer/Activist back FOBTOB; calls on AFBTE to meet workers’ demands

Human rights activist and labour lawyer, Mr. Femi Aborisade, has called on employers in the Food, Beverage and Tobacco sector, Association of Food, Beverage and Tobacco Employers (AFBTE) to accede to the demands of workers in the sector, (Food, Beverage and Tobacco Senior Staff Association) FOBTOB, by granting them the 20% pay rise they have sought and bring to an end the industrial strike.