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Politics mars Golden Guinea Breweries fortunes

Category: Investors NewsBeat

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Politics mars Golden Guinea Breweries fortunes

- Stock remains inactive



Proshare NI

May 21, 2008 at 17:58 GMT


Politics has marred the activities of Golden Guinea Breweries a player in the Breweries Sector of the Nigerian Stock Exchange (NSE). A source at the Floors of the NSE made this affirmation to Proshare NI today in Lagos Nigeria.


“Golden Guinea was formerly in the then Imo State, and a Government owned Company, but with the creation of Abia State; coupled with the issue of assets sharing, it is now an Abia State Government concern” the source said.


The source further affirmed that Golden Guinea is a wholly owned government concern and it’s going through the normal system companies owned by governments in Nigeria go through.

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