Following the grant of all requisite regulatory approvals, Guinness Nigeria PLC (the “Company”) is pleased to announce that the sale of Diageo’s shareholding in Guinness Nigeria to Tolaram has now been completed, effective 30th September 2024. In June 2024, Diageo and Tolaram announced a proposed transaction that would have Diageo transfer ownership of its 58.02% shareholding in Guinness Nigeria to …

Casual observers a couple of memes posted on X (formerly Twitter) on the …of June by a certain Temitayo Ponle (@Temmyponle) depicting Nigerian Breweries making a statement of its belief in the Nigerian market while mirroring Guinness as taking the exit. I do not know how many of these memes were created, but I came across two. The first depicts …