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    MarketForces Africa » Companies » Guinness Not Leaving Nigeria – Official

    Guinness Not Leaving Nigeria – Official

    Olu AnisereBy Olu AnisereMarch 10, 2022Updated:March 10, 2022 Companies No Comments2 Mins Read
    Guinness Not Leaving Nigeria – Official
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    Guinness Not Leaving Nigeria – Official

    Management of Guinness Nigeria Plc has said that the company has no plans of leaving Nigeria, contrary to the false statements making rounds on some social media platforms.

    Ayodele Alabi, Corporate Communications Manager, Guinness Nigeria Plc, made this known in an interview with the News Agency on Thursday in Lagos.

    Alabi said contrary to the reports circulating that the company planned to relocate its operations to Ghana, its Ghana plant had been in operation since 1960. READ: Guinness Nigeria Sees 360 Degree Earnings Turnaround on Pricing, Volume Growth

    “There is Guinness Ghana and it’s not that we are just trying to expand operations to Ghana or anything like that as it’s been there since forever, ten years after the Nigerian operations began.

    “The information of our relocation is false and we cannot trace where the misinformation is coming from.

    “We cannot just be moving our operations when we had established Ghana in 1960 while Nigeria office was established in 1950,” she said.

    Also, a statement signed by the Company’s Managing Director, Mr Baker Magunda, restated Guinness Nigeria Plc.’s commitment to remaining in the country and delivering value to its stakeholders and consumers.

    He said that the rumour making rounds was not in tandem with the company’s current expansion and drive.

    Magunda noted that the company had recently reaffirmed its long term strategic expansion plans by acquiring 25 acres of commercial property in a choice location in Lagos.

    He said that the company’s financial performance for half year of 2021 showed its operating profits grew by 266 per cent to N13.6 billion.

    “We urge our employees, stakeholders and members of the public to ignore this false, malicious and misleading publication as it never emanated from our management.

    “Guinness Nigeria has confidence in the Nigerian economy and just as we have done for the past seventy one years, we would remain a major player in the country by continually investing, developing capabilities, and growing brands that most suits the consumers’ needs and contributing positively to lives, communities and the environment,” he said. #Guinness Not Leaving Nigeria – Official

    Investors Nigeria
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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