Tolaram's N Seven Invests Over N1bn in Guinness Shares

N Seven Nigeria Limited, the core investment vehicle of the Tolaram Group, has significantly increased its ownership in Guinness Nigeria Plc through a series of stock purchases on the Nigerian Exchange Limited (NGX). The company has invested over N1 billion in a continuous stock-buying spree, pushing its equity stake in Guinness Nigeria past the 70.9 percent mark.

On September 7, N Seven Nigeria acquired additional shares valued at N145.6 million, purchasing 400,948 units at N363.20 per share. This follows earlier acquisitions, including 499,987 units on September 1 for about N185.45 million and 550,092 shares on August 28.

The total investment since August 28 amounts to approximately N1.090 billion. The share price of Guinness Nigeria has seen a 52-week high of N499 and a low of N141.9.

Recently, Guinness Nigeria paid an interim dividend of N7 per ordinary share to shareholders as of July 29, 2026.