N Seven Nigeria Limited, which is part of the Tolaram Group, has increased its ownership in Guinness Nigeria Plc to 70.9%. This was announced in a statement to the Nigerian Exchange Limited. They bought nearly 500,000 shares at about 370.90 Naira each, spending around 185.45 million Naira on this purchase. Just a few days earlier, N Seven Nigeria had also bought over 550,000 shares in Guinness Nigeria for about 202.1 million Naira. In total, these two purchases amount to about 387.5 million Naira for more than 1 million shares. Guinness Nigeria has over 2.19 billion shares in total. N Seven Nigeria took control of Guinness Nigeria from Diageo in 2024 after acquiring Diageo's majority stake in the company.
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