Friday, October 19, 2018 11:00:55 AM- Nigerian Stock Exchange.

  Guiness Nigeria plans expansion

      Plans to invest 52 billion Naira on capacity expansion and create 2000 jobs

March 11 (Abuja) - MD of Guiness Nigeria announced plans to expand its brewing capacity in Nigeria's two plants in Ikeja and Benin. The plan costs 52 Billion Naira and expected to complete by December 2011. No further details were disclosed.



This follows expansion plans announced by Heinekin NV of Netherlands and SAB Miller of South Africa to expand in Nigeria. Nigeria is the second largest beer market in Africa after South Africa.

reporting for on Friday, March 11 2011 from Lagos, Nigeria

Source - Bloomberg

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