Guinness plans to leave Nigeria after several years in business – TrendyNewsReporters

Everything we know about Guinness’ plans to leave Nigeria after several years of operation

Diageo, the parent company of Guinness, has announced its exit from the Nigerian market after operating in the country for many years. This was picked up after the company agreed to sell its 58.02% majority stake in Guinness Nigeria to Singapore conglomerate, Tolaram Group. The move comes as Guinness Nigeria reported a staggering loss of $61.9 billion after tax between July 2023 and March 2024, attributed to the challenging economic climate in Nigeria.