Guinness Nigeria, biggest UK-groomed company in Stock Exchange - Savage

Guinness Nigeria plc has been described as the biggest United Kingdom (UK)-parented company in the Nigerian Stock Exchange (NSE).

This was disclosed to DigitalSENSE Business News by the Chairman, Guinness Nigeria Plc, Mr. Babatunde Savage, recently when he played host to the British Deputy High Commissioner to Nigeria, Mr. Peter Carter at its brewery in Ogba, Ikeja-Lagos State.

Mr. Savage also said that in terms of capitalisation, turnover and profits, Guinness Nigeria leads hence they are proud of their British legacy.

“Guinness is the biggest UK-parented Nigerian Company quoted on the Stock Exchange, in terms of capitalisation, turnover and profits and we are indeed very proud of our British heritage,” he declared.

He also applauded the Deputy High Commissioner for making out time to visit the plant upon his resumption as the Deputy British High Commissioner based in Lagos, expressing gratitude to the British High Commission for its support to the company over the years.

The visit, Savage said, is critical to fostering stronger cordial ties between the two institutions and its various stakeholders both in Nigeria and abroad, which afforded the commissioner an opportunity to tour the brewing giant’s Ogba facility, while both parties also took the opportunity to discuss boosting British investments and strengthening existing ones in the country.

In his remarks, the Managing Director and Chief Executive Officer, Guinness Nigeria Plc, Mr. Seni Adetu, gave the background and portfolio of Guinness Nigeria depicting it as a caring organisation.

“We pride ourselves in adding value in every environment within which we operate. This we do through various Corporate Social Responsibility (CSR) activities across various communities in the country,” he told the High Commissioner.

Responding, the British Deputy High Commissioner commended Guinness Nigeria for sustaining the legacy of the parent company, Diageo by providing consumers in Nigeria with the quality and premium brands the company is known for worldwide.

DigitalSENSE Business News, notes that Guinness Nigeria Plc was established in 1950, making it one of the oldest companies in Nigeria and listed on the Nigerian Stock Exchange in 1965.

Currently Guinness Nigeria Plc has a shareholder base of over 75,000 shareholders, and has built its first brewery in Ikeja in 1962, and presently has facilities in Ogba, Benin City and Aba.

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