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Guinness, Presco, Wema Bank added in NGX review

The Nigerian Exchange Limited has announced the outcome of its full-year 2025 market index review, reflecting changes in market performance across listed companies. According to information published by the Exchange, the reviewed indices became effective at the start of trading on Friday, January 2, 2025. The review revealed that Guinness Nigeria Plc, Presco Plc, and […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria to resume dividend payments after two-year hiatus

Guinness Nigeria Plc is expected to resume dividend payments next year after the beer maker halted payments in 2023. This projection signals a significant recovery for a company that suffered severely from macroeconomic headwinds, which had pushed its retained earnings into negative territory. Analysts at the Lagos-based consultancy CardinalStone indicated the expected resumption in a […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria shares surge 41% in September, reach new high

Guinness Nigeria Plc’s shares have surged over 41 per cent on the Nigerian Exchange in September, reaching a yearly high above N180. The stock started the month at N130 and soared to N183 by September 23, 2025, potentially making September its strongest month yet. This impressive performance follows the company’s audited financials for the year […]

News

Guinness Nigeria declares 31% revenue growth

Guinness Nigeria Plc declared a 31% year-on-year revenue increase for the fiscal year that concluded on June 30, 2024. A statement by Guinness on Tuesday said the strong performance was more pronounced in the second half of the year, with revenue growth accelerating to 41 per cent, up from 20 per cent in the first […]

News

Guinness Nigeria record N73.6b loss amid Tolaram takeover

Guinness Nigeria Plc recorded a pre-tax loss of N73.6 billion for the fiscal year ended June 30, 2024, due to the negative impact of currency devaluation on bottom lines. This was disclosed in the financial statement of the company filed with NGX on Saturday. The brewery recently acquired a new owner when parent company Diageo […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria faces N49bn exchange rate loss

Guinness Nigeria Plc incurred a massive N49 billion in exchange rate losses according to information revealed in its full-year results for the period ending June 2023. Compared to N7.15 in earnings per share a year earlier, the stated loss per share was N8.29 kobo. The year’s revenue was N229.2 billion, up 10.9% year over year. […]

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