Guinness Nigeria launches ‘Baileys Delight’ to expand its product portfolio

NIGERIA – Guinness Nigeria Plc, a subsidiary of Diageo Plc, has launched the ‘Baileys Delight’ a new product to alcoholic beverage line up as it seeks to grow its product portfolio in the highly competitive market. The beverage producer described the new product as “a light and lush cream liquor which blends the luscious taste of African honey with real dairy cream, from the makers of Baileys Original Irish cream. Speaking on the launch, Adenike Adebola, Marketing Director, Guinness Nigeria, said “We are so excited to introduce a light and…

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Guinness Nigeria partners WaterAid in ‘Water of Life’ project in Nigeria

NIGERIA – Guinness Nigeria Plc, a subsidiary of Diageo Plc, has partnered the WaterAid, international non-profit organization, to facilitate the implementation of the ‘Water of Life’ project in Nigeria. The ‘Water of Life’ project aims at promoting sustainable access to water, sanitation and hygiene, while helping people take action to improve their health and well-being, reports Beverage Industry News. The project, implemented in Kebbi State in collaboration with the Rural Water Supply and Sanitation Agency (RUWASSA), will connect an estimated 2,500 people to clean accessible water while at the same…

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Guinness Nigeria launches new Premium lager beer to grow its portfolio

NIGERIA – Guinness Nigeria Plc, a subsidiary of Diageo Plc, has launched a new premium lager beer the ‘Guinness Gold’ into the local beer market. The company describes Guinness Gold as a beer that brings a rich, amber gold, great flavour and great taste to discerning Nigerians who expect more from their lager beer experience, reports Beverage Industry News. “We are thrilled to see the great interest in Guinness Gold that has trailed our launch activities. As you will agree, we too are passionate about celebrating life’s golden moments. We…

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Guinness Nigeria’s half year net profits grow 21% to US$7.2m

NIGERIA –  Guinness Nigeria Plc has reported a 21% growth in its net profits to US$ 7.2 million (N2.6billion) during its first half year period ending 31st December 2018 driven by a sharp decline in net finance charge by 73% to US$2.34 million, reports Beverage Industry News. The beer manufacturer said that lower finance charge was as a result of the rights issue it initiated in 2017 adding that this offset more than 30% of its operating Profit despite a challenging operating environment. However, during the period under review, the…

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Guinness Nigeria launches initiative to promote agriculture

NIGERIA ­– Guinness Nigeria Plc, has launched an agricultural scheme under the mantra “Grow with Nigeria” as it seeks to align its operation with the Federal government’s efforts to diversify the Nigerian economy through the promotion of agriculture, reports Beverage Industry News. Baker Magunda, Managing Director Guinness Nigeria said that the initiative is s gesture of the company’s commitment to the Federal Government’s policy on diversification and growth of the agricultural value chain. “Over the last twenty years, our business has consistently sourced all its core ingredients such as sorghum…

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Guinness Nigeria posts 14% increase in revenue despite declining beer market

NIGERIA – Guinness Nigeria Plc has reported 14% rise in revenue to US$395.07 million from US$347.93 million recorded in the 2017 financial year despite the continued decline of the beer market, reports Beverage Industry News. The beer market declined by 14% in volume during the year, driven by Ready-to-drink (RTD), stout and lager, which declined by 29%, 15% and 11% respectively. Both the premium and value categories grew consistently during the period. Profit after tax for the year ended 30 June 2018 increased 249% to US$18.56 million on the back…

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Guinness Nigeria’s 2018 revenue grows as profit jumps 31%

NIGERIA – Guinness Nigeria’s revenue for the year ended 30 June 2018 increased by 14% from N125.92 billion in June 2017 to N142.98 billion as the company prioritized sustained investment in its brands during the period. This helped in delivering both top line growth, margin expansion. Despite continued challenges in the operating environment, beer and mainstream spirits’ net sales managed double-digit growth. Guinness beer brand saw strong growth as it benefitted from increased marketing activations around football while the spirits category was driven by innovation launches and new formats. “Guinness…

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Guinness Nigeria Plc. appoints new Finance and Strategy Director

NIGERIA – Guinness Nigeria Plc. has announced 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. Mr. Stanley 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…

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