E-Malt.com News article: Nigeria: Guinness raises equity price by N6.97, Nigerian Breweries Plc adds N2.09

Guinness Nigeria raised its equity prices by N6.97 gain to close higher at N146.47 per share August 28 at the floor of the Nigerian Stock Exchange (NSE), The Tide posted August 30. The company recorded 190,729 units of shares valued at N27.8 million in 96 deals.

Nigerian Breweries Plc, made it to the gainers chart with a gain of N2.09 to close at N44.04 per share, even as it traded 1.16 million units of shares valued at N51.0 million in 198 deals.

Guinness Nigeria plc is a Nigerian brewery founded in 1962. Guinness and Unilever are the main shareholders, although some of the shares are owned locally.

The main beer is Foreign Extra Stout (7.5% ABV). This is now brewed under license from Guinness, using a concentrate sent from Dublin which is dark stout with the water removed. It is then blended with a local pale beer. Nigeria is the third largest and fastest-growing Guinness market in the world.

Nigerian Breweries Plc, the pioneer and largest brewing company in Nigeria, was incorporated in 1946 and recorded a landmark when the first bottle of STAR Lager beer rolled off the bottling lines in its Lagos Brewery in June 1949. This was followed by Aba Brewery which was commissioned in 1957, Kaduna Brewery in 1963 and Ibadan Brewery in 1982. In September 1993, the company acquired its fifth brewery in Enugu while in October 2003, a sixth brewery, sited at Ama in Enugu state was commissioned.

Ama Brewery is the biggest brewery in Nigeria. Operations in Enugu brewery was discontinued in 2004. Thus, from its humble beginning in 1946, the company now has five operational breweries from which its high quality products are distributed to all parts of this great country.


31 August, 2006