Tag Archives: Guinness Nigeria Plc

Guinness promises extraordinary football experience as football great Rio Ferdinand visits Nigeria

Guinness Nigeria Plc recently unveiled an exciting new partnership with legendary premier league footballer, Rio Ferdinand. The Manchester United defender will be visiting Nigeria from 30th November to 1st December to join Guinness’ efforts to find and celebrate Nigerian football fans that are Made of More.

In anticipation of Rio’s visit, Guinness Nigeria will be running a promo to select winners to join Rio at a live international match in Cameroon. The promotion will be launched on 9th November 2018. You are welcome to participate by sending an SMS of the code under the crown of your Guinness Promotional Bottle to 1759.

Guinness Nigeria appoints Ajogwu, Gallagher as Non-Executive Directors

Guinness Nigeria Plc has announced the appointment of Professor Fabian Ajogwu, SAN and Mr. Paul Gallagher to its Board as Non-Executive Directors.

PROFILE OF PROFESSOR FABIAN AJOGWU SAN

According to a statement released by the company, Fabian Ajogwu, a Senior Advocate of Nigeria, practices law at Kenna Partners; and is a Lagos Business School Professor of Corporate Governance. He is an Alumnus of the Said Business School of Oxford University, and an Alumnus of the Lagos Business School. He holds a Doctorate degree in Law from University of Aberdeen, Scotland; an MBA from the IESE Business School, Barcelona; and Law degrees from the University of Nigeria, and University of Lagos.

Guinness Nigeria Qtr1 profit surge on lower finance charge, productivity gains

Guinness Nigeria Plc, said its profit for the first quarter (Jul – Sept) surged 1,919% to ₦836m from ₦41.3m.  The surge was as result of an 83% reduction in net finance charge to ₦436m from ₦2.6bn in the previous year, benefiting from a ₦40bn rights issue the brewing company launched in 2017.

Guinness Nigeria pays-out ₦4.03bn dividend to shareholders

Guinness Nigeria Plc paid out a total dividend of ₦4.03 billion to its shareholders for the 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% compared to a dividend of ₦963.77 million declared in 2017.

McDowell’s No. 1 Whisky transitions to new name, Mr. Dowell’s

McDowell’s No. 1, the largest selling whisky in Nigeria and a brand produced and marketed by Guinness Nigeria Plc under licensing agreement from Diageo Plc, its parent company, has announced a name change to ‘Mr. Dowell’s No.1’.

Speaking on the name change, Temitope Adenle, Brand Manager, Mr. Dowell’s No.1, said, the new name was the overwhelming favourite of Nigerians who joined in a unique social media campaign for a name change which lasted for two weeks.

Weather, need for better planning forces postponement of second ‘Nigeria Beer Festival’

The Second edition of Nigeria Beer Festival billed to hold from September 25 to October I, 2018 has been shifted forward by one month and will now begin on October 25 to October 31, 2018.

Organisers of the event, On and One Events (001) Limited, explained that the postponement is to allow the rain to subside and guarantee a more conducive environment for participants during the festival.

Malta Guinness named official drink of Durbar festival in Sokoto, Zaria

Malta Guinness, a malt brand from Guinness Nigeria Plc has been named the official dink of the Durbar festival in Sokoto and Zaria.

In a statement, Omotola Bamigbaiye-Elatuyi, Marketing Manager, Malta Guinness and Non-Alcoholic Drinks, said: “Malta Guinness has been recognised as the Official Malt drink for the Durbar festivals in Sokoto and Zaria as a premium non-alcoholic malt brand that has been fueling the greatness of Nigerians with its goodness.

“Malta Guinness is packed with energy-giving vitamins B1, B2, B3, B5 and B6, and we are proud to be associated with such a landmark event to refresh guests and attendees,” she said.

Appointment: Guinness Nigeria appoints Yemisi Ayeni as a Non-Executive Director

Guinness Nigeria Plc, has announce the appointment of Mrs Yemisi Ayeni to its Board as a Non-Executive Director effective 1st September, 2018.

According to a statement released by the company, Mrs Ayeni will take the place of Prof Joe Irukwu SAN who retired from the Board as a Non-Executive Director on 28th August, 2018.

Mrs Ayeni is the immediate past Managing Director of Shell Nigeria Closed Fund Administrator Limited. A position she held for 10 years until her retirement in April 2015. She is a 1985 honors graduate of Accounting and Business Finance from the University of Manchester, UK: 1989 Chartered Accountant and member of the Institute of Chartered Accountant in England and Wales.

Lagos to host 2nd ‘Nigeria Beer Festival’

Lagos State is set to host the second edition of the Nigeria Beer Festival, between September 25 to October 1, 2018.

The annual event is being organised in partnership with beer brewers in the country and their counterparts across the globe to create maximum excitement during the week-long fiesta. It will climax with the Independence Day Mega Concert to commemorate Nigeria’s independence.

Guinness Nigeria finishes year on a high

Guinness Nigeria Plc, said on Thursday that net profit for the full year ending on June 30 grew 249% to N6.7bn, from N1.9bn in the previous year.

The company best known for its popular Guinness Foreign Extra Stout among a roster of other brands, and in more recent years has broadened its offerings to include International Premium Sprits brands (IPS), said that profit growth was helped by a 14% growth in revenue to N143bn. The firm’s Operating Profit rose by 31.4% to N13.3bn, benefiting from productivity gains. The company noted that its marketing spend increased by 18% demonstrating a sustained investment behind its brands. The company saw a 28% reduction in administrative expenses, while net finance cost declined by 54% to N3.4bn, from N7.5bn, benefiting from the N40bn rights issue it launched last year.