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Ahead of Toleram takeover, Guinness Nigeria records N54.7bn full-year loss

Guinness Nigeria Plc has reported a N54.7 billion loss for the financial year ended June 30, 2024.This was N36.5 billion higher than the N18.1...
Business

Singaporean firm, Tolaram acquires majority shares in Guinness Nigeria

Guinness Nigeria has announced Tolaram, a Singaporean firm as its new owners after signing an agreement to acquire United Kingdom enterprise, Diegeo’s 58.02 per...
Business

Guiness To Continue Importation Of Johnnie Walker, Baileys, Other Diago Products

Guinness Nigeria Plc said it will continue to import Diageo International Premium Spirits products as the plan to halt the importation of Diago products...
Business

Distributorship, agency business models face extinction

Distributorship and agency business models are currently facing existential threats in Nigeria, as companies, which had before now relied on their services to get...
Business

Guinness Nigeria To Lose Over N14bn As Owner Of Johnnie Walker, Baileys Terminates Distribution Contract

Guinness Nigeria Plc’s revenue will shed more than N14bn which is about 6 per cent of it’s revenue as Diageo Plc has terminated the...
Business

Guinness Nigeria announces change in distribution model for imported brands

In a statement available on NGX website, the Company stated thus:”Guinness Nigeria today announces that, with effect from April 2024, it will no longer...
Business

Guinness Nigeria posts N172.5bn revenue in 9 months

The Company reported a turnover of N172.478 billion for the 9 months period, up by 8.17% from N159.445 billion reported the previous year.Profit after...

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