₦airaland Forum

Tinubu Hails Tolaram’s Acquisition Of Stake In Guinness Nigeria[b][/b]



President Bola Tinubu has commended the Singaporean business conglomerate, the Tolaram Group for believing in Nigeria and having absolute faith in her economy.

Tolaram, which partnered Nigeria to build the Lekki Free Trade Zone and the country’s first deep sea port on Tuesday acquired Diageo’s 58.02 per cent shareholding in Guinness Nigeria Plc.

According to an announcement at the Nigerian Exchange on Tuesday, Tolaram will also enter into long-term license and royalty agreements for the continued production of the Guinness products and its locally manufactured Diageo ready-to-drink and mainstream brands.


Tinubu, in a statement by his Special Adviser, Information and Strategy, Bayo Onanuga, said Tolaram, by acquiring Diageo’s shares in Guinness, has shown that it has a long-term view of doing business in Nigeria

In choosing to expand its investment footprints in Nigeria, President Tinubu said Tolaram has demonstrated strong faith and confidence in Nigeria’s economy.


The President welcomes Tolaram to the beverage sector of Nigeria’s business landscape and hopes the group’s business will continue to flourish.


He further assured investors and Nigeria’s businesses, promising that his government will continue to make the operating environment more conducive and transparent.


The President further assured that the multi-pronged reforms and interventions being implemented on the economic and financial fronts would deliver sustained growth and enduring profitability for investors

FreeStuffsNG:
Tolaram is a big time catch by the management of Guinness. Their shareholders are so lucky! Today, the shares hit the roof with as much as about 10 million units waiting to be filled but never supplied till trading ended today.

When you bless Nigeria, the land will bless you but when you curse Nigeria, the land curses you back in multiple folds and the land will ensure that you will always miss out on all the blessings in the land.

May God bless Nigeria for ever! Check my signature for free stuffs!

idealogical:
Obviously, a lot of people are clueless regarding this deal, it's actually a good deal for Nigeria.

nedu666:
Does tolarem have any experience in brewery. The margins are thing, sales are falling and cost are falling. First thing is to delist from nse.

nedu666:
Does tolarem have any experience in brewery. The margins are thing, sales are falling and cost are falling. First thing is to delist from nse.

idealogical:
Obviously, a lot of people are clueless regarding this deal, it's actually a good deal for Nigeria.

Atuero:
This shows that Tinubu is jittery about the mass exodus of multinational companies from Nigeria due to his destruction of the economy through his trial and error policy

Tinubu economic team are not experienced enough to revive a dead economy like we have in Nigeria today


This is similar to the handing over of super eagles to the current Nigerian coach and we can all testify to the result

benzion72:
Mumu APC erat will not tell you that Guinness Nigeria declared more than 50 billion naira loss in 2023 due to unfriendly business environment in 75 years of their existence in Nigeria and Diego the main shareholder in Guinness is leaving Nigeria

FreeStuffsNG:
Tolaram is a big time catch by the management of Guinness. Their shareholders are so lucky! Today, the shares hit the roof with as much as about 10 million units waiting to be filled but never supplied till trading ended today.

When you bless Nigeria, the land will bless you but when you curse Nigeria, the land curses you back in multiple folds and the land will ensure that you will always miss out on all the blessings in the land.

May God bless Nigeria for ever! Check my signature for free stuffs!