Tag Archives: Guinness Nigeria Plc

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.

Guinness Nigeria gets approval for new share sale

Guinness Nigeria Plc, announced on Tuesday it had received clearance from the Nigerian Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to issue new shares.

The funds raised from the share sale, the company said will go to implementing its strategy in the context of ongoing external economic challenges.

Guinness Nigeria appoints Viola Graham-Douglas as new Corporate Relations Director

Guinness Nigeria Plc announced on Thursday the appointment of Viola Graham-Douglas as its new Corporate Relations Director. She takes over from Sesan Sobowale who left the company in March/April. Her appointment became effective on 1st June 2017.

According to information provided by the company, Mrs. Graham-Douglas began her career in the banking industry in Nigeria and worked in varied roles with reputable banks. She later joined Lafarge Africa Plc, formerly WAPCO Cement, as Treasury Manager, and subsequently became the company’s Secretary/Head of Corporate Services before moving to Lafarge Group Headquarters in Paris. She also served as Managing Director, Atlas Cement, a subsidiary of Lafarge, as well as Country Communications Director before accepting her new role as Guinness Nigeria’s Corporate Relations Director.

Diageo’s – Capital Markets Day 2017 Wrap-up

Diageo held its Capital Markets Day (CMD) on 9th May 2017. The company’s Africa President, John O’Keeffe spoke with analysts on various issues covering the group’s business operations in Africa and Nigeria.

Beverage Industry News (NG) recaps some of the highlights of the day and the spirit firm’s strategy for Africa in 2017 and beyond.

Guinness Nigeria stung by currency woes as firm declares fourth consecutive loss

Guinness Nigeria Plc on Wednesday reported a strong revenue growth of 29% to ₦90bn in the 9-months to 31 March 2017, up from ₦70bn in the previous year.

However, the company was stung by an inflationary environment and continuing currency devaluation which drove up the cost of goods sold by 47% to ₦60bn. A higher net finance cost that rose 177% to ₦6.7bn due to unrealized foreign exchange loss added to the brewer’s woes

Sesan Sobowale, long-serving Director at Guinness Nigeria resigns post

Sesan Sobowale, long-serving director at Guinness Nigeria Plc and its Corporate Relations Director is said to have left the company.

The former face of Guinness Nigeria, who left the company two weeks ago, is said to have mutually agreed to part ways with the brewing company. There has been no word from the beverage giant on his replacement.

Sobowale spent 12 years at Guinness Nigeria, having joined the company in April 2005 as its Corporate Secretary.

Pharma-Deko seeks committal proceedings against Guinness Nigeria

Pharma-Deko Plc, a pharmaceutical company locked in a legal dispute with Guinness Nigeria Plc, over an alleged ₦176m debt claim, on Tuesday sought to commence a committal proceedings against the brewer at a Federal High Court in Lagos.

The application is seeking to get two of Guinness Nigeria’s management staff convicted and imprisoned for what the plaintiff says is a violation of the law, as stated under the Company and Allied Matters Act (CAMA).