Guinness Nigeria Officially Launches “Orijin Zero”- PHOTOS

Guinness Nigeria Plc has introduced a game changing variant of successful bitters brand; Orijin.

The launch was held recently on the 16^th of March at Protea Hotel and the launch was graced by Guinness Nigeria Plc top management and distinguished media partners.

Speaking at the event, the Marketing Director Gavin Pike said that ‘Orijin Zero is a brand that is positioned to redefine the experience in the carbonated beverage market as it is masterfully crafted with 100% natural herb and fruit extracts’.

Guinness Nigeria Launches ‘Guinness Africa Special’ with Natural African extracts-PHOTOS

Guinness is in the news again, this time the brand has made a defining statement in the Nigerian beer market as it proceeds to launch Guinness Africa Special; its first beer innovation in ten years to cater for young African drinkers with distinct specific taste at a national level.

The New Guinness Africa Special which has been dubbed #TheSpecialOne created massive impact at the various launch events in the cities of Port Harcourt, Abuja, Enugu and Ibadan as these centres came alive with the vibrant creativity and excitement that herald the entry of this stout into these markets!

Nigeria Financial markets suffer after JP Morgan index expulsion

Nigeria’s stocks sunk on Wednesday after JP Morgan said it would eject Africa’s biggest economy from its influential emerging markets bond index due to tough controls imposed to prevent a currency collapse.

In a move that came earlier in the year than expected, JP Morgan said late on Tuesday it would remove the bond listings belonging to the West African nation by the end of October, forcing fund managers to sell Nigerian bonds, which might raise the country’s borrowing costs.

JP

The decision is a blow to President Muhammadu Buhari, who has promised to diversify an oil-dependent economy hit by a slump in global crude prices but who faces criticism for not having appointed a cabinet since his inauguration on May 29.

With no finance minister in place, foreign investors have been left wondering about government policies and struggling to sell shares or bonds as the central bank adopted tough currency restrictions to halt a slide of the naira.

Anders Faergemann, senior sovereign portfolio manager at PineBridge Investments, said he was surprised that Buhari had not started tackling the country’s economic problems more than three months into his tenure.

“As an investor it is flabbergasting that the Nigerian authorities have allowed themselves to be put in this situation,” he said.

All Nigerian stocks listed in the MSCI frontier market index fell by more than 3 percent, while bond yields spiked across maturities.

While many foreign bonds investors have exited the market since JP Morgan warned Nigeria in January and again in June that it would get kicked out of the index unless conditions improved, stocks investors were now also pondering whether to stay.

Stock market bows to Forte, Guinness, Nigerian Breweries dictates

…as equities shed N73bn

Nigerian equities market lost about N73bn yesterday as share price loses by Forte Oil plc, Guinness Nigeria plc, Nigerian Breweries plc, Cadbury Nigeria plc, and Unilever Nigeria plc further dragged equities southwards.

No fewer than 25 companies recorded share price gain against 30 losers leading to 0.62 percent decline in the Nigerian Stock Exchange (NSE) All Share Index (ASI).