Guinness moves headquarters to Ghana amid harsh business environment
Guinness Nigeria PLC has moved its corporate headquarters from Lagos, Nigeria to Ghana.
Sources familiar with the matter told Peoples Gazette that the brewery makers were only moving their headquarters from Lagos and not completely relocating from Nigeria.
The relocation comes amid harsh economic conditions stifling business operations in Nigeria. The nation has in the past weeks suffered telling fuel scarcity and perpetual blackout occasioned collapsed national grid.
Earlier in the week, diesel, which is used to power most industrial power generators sold as high as N540 per litre.
Nonetheless, the brewery company, in a statement reassured Nigerians of their commitment to keep investing in the country. They were however quiet about relocating their headquarters.
The company also denied being chased away by harsh business environment in Nigeria. But economists believe this was just to avoid riling up Nigerian authorities as the company still has its largest African market and investments in Nigeria.
Commencing operations in Nigeria in 1962, the brewery company has been coordinating it West African operations from its Ikeja headquarters until recently.
The development will place Guinness Nigeria in the league of other businesses like Unilever and Dunlop that have left Nigeria for Ghana.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Tanzanian PM to headline first-ever investment forum in London
Mr Nchemba will outline the economic opportunities in Tanzania to woo foreign investors who will be in attendance.
States
Gov Bago nominates six commissioners-designate, other political appointees
The governor said the nominees are subject to confirmation by the Niger State House of Assembly.
Economy
N2.2 Trillion IPO: Dangote Refinery targets 10 million subscribers
The offer is expected to be one of the largest equity offerings in Nigeria’s capital market history.
States
Kogi exco lauds Tinubu, approves airport construction, other projects
Mr Ododo expressed appreciation to the president for the pace and quality of work on the highway.
States
2027: Aiyedatiwa warns against anti-party activities, urges support for TinubuÂ
He charged the party’s 18 local government and 203 ward chairmen to intensify grassroots mobilisation.
Politics
NDC women group rallies support for Obi, other candidates ahead of 2027 electionsÂ
Mrs Okere commended all the NDC members for their steadfastness.
