N Seven acquires 550,092 Guinness Nigeria shares

N Seven Nigeria Limited has added 550,092 shares of Guinness Nigeria Plc to its holdings through a series of open-market purchases on the Nigerian Exchange Limited.

The transactions took place across several price levels, ranging from 356.40 naira to 384.80 naira per share. Together, they produced an aggregated volume-weighted average price of 367.40 naira. The smallest recorded block contained five shares bought at 359 naira, while the largest involved 498,973 shares purchased at 384.80 naira. Another notable transaction covered 30,000 shares at 375 naira.

The purchases also included smaller lots traded at prices such as 356.60, 357, 362.80, 365.90 and 374 naira per share. N Seven operates as an investment affiliate within the wider Tolaram corporate group, which became Guinness Nigeria’s controlling shareholder after Diageo agreed earlier in 2024 to sell its 58.02 percent stake.

Under that restructuring, Tolaram took control of the Nigerian brewer while entering long-term licensing and royalty arrangements with Diageo. Those agreements allow local production, distribution and expansion of the Guinness brand in Nigeria alongside Diageo’s global spirits portfolio.

The latest disclosure comes as Guinness Nigeria faces foreign-exchange revaluations, higher raw-material costs and wider macroeconomic pressure affecting Nigeria’s fast-moving consumer goods sector. N Seven’s purchase was reported under Chapter 17 of the NGX Issuers’ Rules, which governs transactions by corporate insiders, directors and major shareholders. Company Secretary Abimbola Ajibola-Jimoh said the disclosure followed standard transparency and corporate-governance procedures.