Credible News
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
Credible News
No Result
View All Result

Guinness Nigeria hits ₦1trillion market cap on NGX

Current market capitalization of Nigerian Exchange stands at N131.608 trillion

admin by admin
April 14, 2026
in Banking, Economy, Human Interest, News
0
NGX

NGX

0
SHARES
10
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Guinness Nigeria Plc has surpassed the N1 trillion market capitalization mark on the Nigerian Exchange Group, reflecting strong investor confidence and sustained growth momentum.

This is contained in a statement by the company on Tuesday in Lagos.

The News Agency of Nigeria reports that the current market capitalization of the Nigerian Exchange Ltd. stands at N131.608 trillion.

The company’s market capitalization stood at about N1.01 trillion as of April 10, while its enterprise value rose to approximately N1.05 trillion.

This indicates a significant re-rating driven by improved business fundamentals.

Data from the exchange showed that Guinness Nigeria’s share price closed at N462.90 on April 12, extending an 18-month rally that had boosted shareholder value and reinforced confidence in its strategic direction.

The firm’s audited financial results for the 18-month period ended Dec. 31, 2025, underscored its improved performance, with revenue of N730.80 billion.

Gross profit grew by 152 per cent to N230.5 billion, reflecting stronger margins and operational efficiency.

The company also returned to profitability, posting a net profit after tax of N41.16 billion, compared to a loss recorded in the previous period.

The results followed a transition to a new financial year-end of Dec. 31 and marked the first full audited reporting cycle under its current ownership structure.

Commenting on the development, Chairman of the Board, Prof Fabian Ajogwu, described the milestone as a validation of the company’s strategic direction.

“This is a defining moment for Guinness Nigeria. Crossing the N1 trillion market capitalization thresholds reflects the resilience of our business, strength of our brands, and renewed investor confidence in our long-term prospects,” he said.

Also Read: Stock market trades 652.9m shares worth ₦39.8bn

Ajogwu reaffirmed the company’s commitment to corporate governance, sustainable growth and long-term value creation.

He said over the period, the company had driven performance through revenue growth, portfolio optimization, cost discipline, and expanded route-to-market capabilities.

“These efforts have been complemented by a sharpened focus on innovation, premiumization, and consumer-centric strategies, reinforcing our leadership in Nigeria’s beverage alcohol sector.

“Guinness Nigeria has also continued to strengthen its balance sheet, embed sustainability into its operations, and uphold strong corporate governance standards.

“We are also maintaining our commitment to responsible consumption and positive community impact.

“Looking ahead, we remain focused on accelerating growth through consumer obsession, portfolio expansion, and continued innovation, while maintaining a disciplined approach to capital allocation and shareholder returns,” he said.

 

 

 

NAN

Tags: Guinness Nigeria PLCMarket capitalizationNigerian Exchange GroupProf Fabian Ajogwu
Previous Post

Supreme Court keeps PDP waiting till April 22

Next Post

Fela arrives Rock & Roll Hall of Fame

admin

admin

Next Post
Fela Anikulapo-Kuti

Fela arrives Rock & Roll Hall of Fame

NRS Advertisement

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Kwara State university campus in Osi ready for first lectures

Kwara State university campus in Osi ready for first lectures

November 18, 2024
Police warn Lagosians against economic disturbance during NLC protest

Police in Kano urges caution as Muslims begin Ramadan

March 11, 2024
Bandits kidnap students of Federal University of Gusau

Gunmen kill nine in Plateau State

October 2, 2023
Methodist Church seeks FG’s support on mission schools

Methodist Church seeks FG’s support on mission schools

September 11, 2025
Corper recounts ordeal of Agunechemba attack, seeks prosecution

Corper recounts ordeal of Agunechemba attack, seeks prosecution

2

ADC begins online membership registration

2
Biden arrives Israel

Biden visits Israel amidst killing of more Palestinians

1
handcuffs

Police arrests 34-year-old man for raping 90-year-old woman

1
A police officer is surrounded by traders and other people during a confrontation at Watt Market in Calabar, Cross River State.

60 in custody after assaulting police officer

September 17, 2026
Police arrest Oloruntoba Babatunde, popularly known as “Meko”, over the production of a herbal liquid substance suspected to be linked to several deaths in Ondo State.

Police arrest herbal drink maker as Ondo death toll hits 49

September 17, 2026
Pageant titleholders with management staff of LUTH.

Smile Train, pageant titleholders strengthen healthcare advocacy

September 17, 2026
The Supreme Court of Nigeria in Abuja hears INEC’s appeal challenging the voiding of Electoral Act provisions on party primaries and membership registers.

INEC, ZLP clash over Electoral Act as court reserves judgement

September 17, 2026

Recent News

A police officer is surrounded by traders and other people during a confrontation at Watt Market in Calabar, Cross River State.

60 in custody after assaulting police officer

September 17, 2026
Police arrest Oloruntoba Babatunde, popularly known as “Meko”, over the production of a herbal liquid substance suspected to be linked to several deaths in Ondo State.

Police arrest herbal drink maker as Ondo death toll hits 49

September 17, 2026
Pageant titleholders with management staff of LUTH.

Smile Train, pageant titleholders strengthen healthcare advocacy

September 17, 2026
The Supreme Court of Nigeria in Abuja hears INEC’s appeal challenging the voiding of Electoral Act provisions on party primaries and membership registers.

INEC, ZLP clash over Electoral Act as court reserves judgement

September 17, 2026
Credible News

At Credible News we seek, process and serve news, opinions and analyses that are verifiable and reliable.
We also provide readers with authentic and credible facts and figures, news, opinions and analyses to make informed choices.

Follow Us

Browse by Category

  • Accident
  • Agriculture
  • Banking
  • Conflict
  • Crime
  • Development
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Features
  • Foreign
  • Global Trade
  • Health
  • Human Interest
  • ICT
  • Interviews
  • Legal
  • Life Style
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Travel
  • Trending
  • Women

Recent News

A police officer is surrounded by traders and other people during a confrontation at Watt Market in Calabar, Cross River State.

60 in custody after assaulting police officer

September 17, 2026
Police arrest Oloruntoba Babatunde, popularly known as “Meko”, over the production of a herbal liquid substance suspected to be linked to several deaths in Ondo State.

Police arrest herbal drink maker as Ondo death toll hits 49

September 17, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.

No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.