Over-the-counter stocks gain another 0.07%


By Dipo Olowookere

One of the country’s leading beer makers, Guinness Nigeria Plc, has denied media reports that it plans to shed some of its assets for an alleged relocation.

In a statement on Friday, the brewer said the information was not only false and malicious, but also misleading because it “does not align with our high-profile investment and expansion campaign.”

Guinness Nigeria said at the end of 2021 that it had reaffirmed its long-term strategic expansion plans in Nigeria with the acquisition of an additional 25 acres of commercial property in the Ogba Industrial Zone in Lagos and that this would not have happened. not produced if he planned to move out of the country.

He also pointed out that the commissioning of the additional $5 million production line at the Ogba Brewery was an affirmation of his desire to serve his revered consumers and create “more job opportunities. for Nigerians.

The brewing giant therefore reaffirmed its confidence in the Nigerian economy, promising to “remain a major player in the country by continuously investing, developing its capacities, developing the brands most suited to the needs of consumers; and contribute positively to life, communities and the environment.

According to the company, the business environment in Nigeria has supported its growth trajectory as evidenced by its recently announced unaudited half-year financial result for the 6 months ended December 31, 2021, where operating profit increased by 266%. to reach N13. 6 billion.

Business post reports that recently there were rumors that Guinness Nigeria was putting their Lagos facility up for sale due to their alleged plan to leave the country.

The company said this information was “spread by faceless people claiming to be real estate agents and unfortunately amplified by some online news outlets without proper checks with company management.”

But Guinness Nigeria stressed that it has no intention of leaving Nigeria because “we are strong, stable and bring value to our esteemed stakeholders”, urging its “shareholders, employees, stakeholders and members of the public to ignore false, malicious, and misleading posting in any form as it never emanates from the management of Guinness Nigeria Plc.”


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