Home / Companies / Guinness Nigeria Plc
Guinness Nigeria Plc
Jurisdiction: NigeriaRegistry ID: RC 771Entity ID: ent_guinness-nigeria_1
status: activeas of 31 Oct 2026reviewed 31 Oct 2026draft
Identity
Trading names: Guinness Nigeria
Sector: Beverages, Brewing, Consumer goods
Managing Director / Chief Executive Officer (as reported, from 30 Sep 2024): Girish Sharma C Nairametrics (NM Partners), Guinness Nigeria Plc announces board changes, as new era begins with Tolaram (1 Oct 2024) · retrieved 31 Oct 2026
Board Chair: Dr (Mrs.) Omobola Johnson B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Outcome of the 72nd Annual General Meeting (27 Oct 2022) · retrieved 31 Oct 2026
Vice Chair & Non-Executive Director (as reported, from 30 Sep 2024): Haresh Aswani C Nairametrics (NM Partners), Guinness Nigeria Plc announces board changes, as new era begins with Tolaram (1 Oct 2024) · retrieved 31 Oct 2026
exchange_ticker: Nigerian Exchange (NGX): GUINNESS B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026
Operations
Countries: Nigeria
Services: Brewing and sale of beer and spirits, Production of Guinness and Diageo mainstream/ready-to-drink brands under licence
Confirmed fact · as of 31 Oct 2026
Guinness Nigeria Plc (RC 771) is a brewer and beverage company listed on the Nigerian Exchange; its FY2024 accounts run to the year ended 30 June 2024.
B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Outcome of the 72nd Annual General Meeting (27 Oct 2022) · retrieved 31 Oct 2026 · B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026
Assessment
What is confirmed, what is attributed, what is disputed and what remains open — kept separate by design.
Confirmed fact · as of 31 Oct 2026
Guinness Nigeria Plc (RC 771) is a company listed on the Nigerian Exchange, with audited financial statements historically prepared to a 30 June year-end.
B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Outcome of the 72nd Annual General Meeting (27 Oct 2022) · retrieved 31 Oct 2026 · B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026
Confirmed fact · as of 31 Oct 2026
On 11 June 2024 Guinness Nigeria announced via the Nigerian Exchange that Tolaram had agreed to acquire Diageo PLC's 58.02% shareholding in the company, that Tolaram intended to launch a mandatory takeover offer subject to regulatory approval, and that the company would remain listed on the Nigerian Exchange.
B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
Tolaram's acquisition of the 58.02% stake completed effective 30 September 2024, with Girish Sharma appointed Managing Director/CEO and Haresh Aswani Vice Chair. — Nairametrics, 1 October 2024
C Nairametrics (NM Partners), Guinness Nigeria Plc announces board changes, as new era begins with Tolaram (1 Oct 2024) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
For the year ended 30 June 2024 Guinness Nigeria reported revenue of about N299.5 billion, a pre-tax loss of about N73.6 billion and a loss after tax of about N54.8 billion, driven largely by naira devaluation and FX revaluation losses. — Nairametrics, 26 July 2024
C Nairametrics (David Olujinmi), Guinness Nigeria posts N73.6 billion full-year loss amid Tolaram takeover (26 Jul 2024) · retrieved 31 Oct 2026
Unanswered question · as of 31 Oct 2026
The audited FY2024 (year ended 30 June 2024) financial statements were not retrieved directly in this review; the FY2024 figures above rest on reporting. Reported pre-tax loss figures varied (N73.6bn versus N73.7bn in the same article).
C Nairametrics (David Olujinmi), Guinness Nigeria posts N73.6 billion full-year loss amid Tolaram takeover (26 Jul 2024) · retrieved 31 Oct 2026
Evidence library
Full evidence library → — primary records first.
company statement · 11 Jun 2024
Guinness Nigeria Plc corporate-action announcement via the Nigerian Exchange (Lagos, 11 June 2024) stating that Tolaram will acquire Diageo PLC's 58.02% shareholding in Guinness Nigeria, that Tolaram intends to launch a mandatory takeover offer subject to regulatory approval, that Diageo retains ownership of the Guinness brand under long-term licence and royalty agreements, and that Guinness Nigeria 'will remain listed on the Nigerian Exchange Ltd' (RC 771).
B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026
Relevance: Primary company announcement establishing the change of majority ownership and continued NGX listing.
filing · 27 Oct 2022
Outcome of Guinness Nigeria Plc's 72nd Annual General Meeting (25 October 2022; published 27 October 2022), recording RC 771, audited financial statements for the year ended 30 June 2022, a dividend of N7.14 per 50k share, director re-elections and an amended share capital of N1,095,191,409.50 (2,190,382,819 ordinary shares of N0.50).
B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Outcome of the 72nd Annual General Meeting (27 Oct 2022) · retrieved 31 Oct 2026
Relevance: Primary exchange filing establishing legal identity, registration number and governance.
reporting · 1 Oct 2024
Nairametrics reported (1 October 2024) that Tolaram's acquisition of Diageo's 58.02% stake completed effective 30 September 2024 and that board changes took effect, including Girish Sharma as Managing Director/CEO (succeeding Adebayo Alli) and Haresh Aswani as Vice Chair.
C Nairametrics (NM Partners), Guinness Nigeria Plc announces board changes, as new era begins with Tolaram (1 Oct 2024) · retrieved 31 Oct 2026
Relevance: Independent reporting on completion and board changes; attributed, not treated as confirmed fact.
reporting · 26 Jul 2024
Nairametrics reported (26 July 2024) Guinness Nigeria's results for the year ended 30 June 2024: revenue of about N299.5 billion (up ~30%), a pre-tax loss of about N73.6 billion and a loss after tax of about N54.8 billion, attributed largely to naira devaluation and a N112.3 billion FX revaluation loss.
C Nairametrics (David Olujinmi), Guinness Nigeria posts N73.6 billion full-year loss amid Tolaram takeover (26 Jul 2024) · retrieved 31 Oct 2026
Relevance: Independent reporting on FY2024 financial performance; figures attributed to the outlet.
Claim reviews
Did Tolaram acquire Diageo's majority stake in Guinness Nigeria, and does the company remain NGX-listed?
Confidence: high
Limitations. This dossier indexes public records; it does not adjudicate disputes, certify standards or screen sanctions. Absence of a record is not proof of absence. See methodology and corrections & response.