Nigeria, April 15 -- Guinness Nigeria is returning to prioritisation of shareholder value after drawing a line under its heavy lossmaking between 2023 and 2024, and its financials regained resilience and buoyancy under new core investor Tolaram, which took over almost two years ago.

The maker of stout, gin, spirits, vodka and malt drink will pay an interim dividend of N2 per share for the first quarter, according to a disclosure on Tuesday, the first time since July 2022.

The cash reward announcement, alongside the news of its quarterly results, also out on Tuesday, which saw net profit climb 47.9 per cent compared to a year ago, only moved its share price by 0.04 per cent at the end of trade on Lagos' Customs Street, where it is quoted...