Business A.M
No Result
View All Result
Friday, February 20, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Manufacturing

Guinness not leaving Nigeria, investing more, creating jobs

by Admin
January 21, 2026
in Manufacturing, WORLD BUSINESS & ECONOMY

BY: CHARLES ABUEDE

Guinness Nigeria Plc, part of the world’s largest premium drinks company, Diageo Plc., and home of the first Guinness brewery outside of the British Isles, says it is not leaving Nigeria, but rather, it is committing more investment in Nigeria, serving its revered consumers and creating more job opportunities for Nigerians.

The brewer, in a statement, explained that it was not exiting Nigeria after media reports suggested it was planning to move to Ghana, especially when its Ikeja factory site came up on some property sites as being for sale.

The company said the information is not in tandem with its current expansion and investment drive, as it recently reaffirmed its long-term strategic expansion plans in Nigeria with the acquisition of an additional 25-acre commercial property in the Ogba industrial area of Lagos purchased as recently as late 2021.

“The attention of the Management of Guinness Nigeria Plc has been drawn to some false, malicious, and misleading publication trending on some social media platforms falsely alleging that Guinness Nigeria is relocating out of Nigeria and therefore planning to sell its Ikeja Brewery site. A bogus ‘sales brochure’ circulating online in various formats claims that the Ikeja site sale is part of an exit plan, and this falsehood is being irresponsibly circulated by faceless persons purporting to be property agents.

“Contrary to the false information being circulated by detractors, we are renewed in our efforts to serve our revered consumers and create more job opportunities for Nigerians as seen in the new $5 million additional production line recently commissioned at our Brewery in Ogba, Lagos in October 2021. We are also pleased to state that we are on the verge of completing work on our new ultra-modern head office block located in Ikeja where we will be moving in the next few weeks.

“Guinness Nigeria subscribes to the highest standards of corporate governance and will continue to demonstrate the highest standards of integrity, and especially guarantee that our engagement with consumers, government agencies, suppliers, shareholders, and other stakeholders is driven by our values and principles.

“Guinness Nigeria has confidence in the Nigerian economy and just as we have done for the past seventy-one years, we will remain a major player in the country by continually investing, developing capabilities, growing brands that most suit the consumers’ needs; and contributing positively to lives, communities and the environment,” it stated.

Meanwhile, the foremost brewer recently announced to its shareholders the stellar and robust 266 percent performance growth in its operating profits over a six-months period to N13.6 billion in its half-year unaudited financial results ended 31st December 2021.

 

Admin
Admin
Previous Post

Huge downside risks for Nigerian economy over Russia-Ukraine conflict, says CPPE

Next Post

M-KOPA, African fintech platform, locks in $75m in growth round

Next Post

M-KOPA, African fintech platform, locks in $75m in growth round

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M