Market Intelligence

Diageo’s $75 million loan to ease Guinness pains

by BALA AUGIE

October 17, 2016 | 12:30 am
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Diageo’s $75 million (N22.50 billion) loan to subsidiary company Guinness Nigeria will help partly solve the Nigerian brewer’s dollar challenges in an economy grappling with its worst recession in 25 years.   The decision by Diageo, maker of Johnnie Walker Scotch and Smirnoff vodka, shows it is confident in a Nigerian segment it believes is…

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by BALA AUGIE

October 17, 2016 | 12:30 am
  |     |     |   Start Conversation

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