Guinness Nigeria Reports 144% Revenue Growth Amid Leadership Change

At the 75th Annual General Meeting held in Lagos, Prof. Fabian Ajogwu, Chairman of Guinness Nigeria Plc, announced significant changes in the company's leadership and market position.

Tolaram became a major shareholder, increasing its stake from 58.02% to 70.86% effective October 12, 2024. The company reported a remarkable 144% increase in revenue, reaching ₦730.80 billion during the 18-month financial period ending December 2025, driven by an optimized product mix and strategic pricing adjustments to counter inflationary pressures.

The operational efficiency improved, with profit from operational activities rising to ₦89.27 billion compared to ₦25.41 billion in 2024. The company also appointed Mr.

Mayank Kabra as Executive Director, alongside Mr. Bola Adesola and Mr.

Olusola Oworu as Non-Executive Directors. Stakeholders praised the board's performance and gender balance, urging the company to prioritize the welfare of elderly shareholders beyond dividend payments.