Nestle Archives — City Business News

May 20, 2024 No Responses

Toyota Nigeria Rewards Nestle, Zenith, Roxcon

Toyota (Nigeria) Limited (TNL) has named Nestle Nigeria Plc as winner of its prestigious Evergreen Customer Award for the Year (2023). The company emerged winner among the teeming Toyota customers, having purchased the highest cumulative number of new Toyota vehicles...

December 8, 2023 No Responses

Nestle, Shipping Majors Seal Green Fuel Deals

Container shipping companies, Hapag-Lloyd and CMA CGM on Thursday revealed that they have entered into collaboration with Nestlé, a Switzerland-based food & beverage company, aiming to advance cleaner shipping. “Nestlé has selected our emissi...

May 23, 2023 No Responses

Nestlé Appoints Oyebode Board Chairman

The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode as the new Chairman of the Board of Directors with effect from May 18, 2023. The appointment announced to shareholders and other stakeholders at the Annual General Meeting of.....

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 bil...

June 30, 2022 No Responses

Nestle Nigeria Photo News

L – R: Managing Director and Chief Executive Officer, Nestle Nigeria Plc, Mr. Wassim El-Husseini, Chairman, Mr. David Ifezulike and Company Secretary, Mr. Bode Ayeku at the 53rd Annual General Meeting (AGM) held in Lagos on Wednesday.

June 9, 2022 No Responses

Nestle Partners Wecyclers To Rid Nigerian Environment Of Plastic Pollution

Nestle Nigeria and Wecyclers have put resources together to ensure that the Nigerian environment is rid of plastic pollution. Already, the two firms have put in place a strategy to eradicate waste plastics from the society in other to protect...

April 14, 2022 No Responses

Nestlé Nigeria Endorses Food Fortification, Supplementation To Combat Nutrient Deficiencies

Nestlé Nigeria has reiterated its commitment to food fortification and supplementation as ways to combat micronutrients deficiencies in Nigerians. The company restated this commitment in addressing nutrients deficiency at its annual Nestlé Media Traini...

February 18, 2022 No Responses

Nestlé Nigeria Unveils NESCAFÉ MALTY

Nestlé Nigeria has introduced NESCAFÉ MALTY, a new blend of coffee and maltin the NESCAFÉ 3in1 coffee options. Speaking at the launch of the new NESCAFÉ Malty 3in1 in Lagos, the Managing Directorand CEO of Nestlé Nigeria PLC, Mr Wassim...

February 3, 2022 No Responses

Nestle To Cut 474 Jobs, Close Factory

Nestle has announced its confectionery factory in Newcastle is to shut with the loss of 474 jobs. The global food manufacturer said it was holding talks with employees at the Fawdon plant but the focus was now on closing it...

October 19, 2021 No Responses

NGX Opens Week With N153b Loss On MTNN, Nestle Loses

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle. Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....

June 18, 2021 No Responses

Supreme Court Stops Lawsuit Against Nestle, Others

The US Supreme Court has ruled food giants Nestlé USA and Cargill can’t be sued for child slavery on African farms from where they buy their cocoa. According to BBC, Six African men alleged that they were trafficked from Mali...

March 3, 2021 No Responses

Nestle Declares N60.50 Final Dividend For 2020

For the 2020 financial year, Nestlé Nigeria Plc has reported revenue of N287.08 billion. The company’s audited result released on the Nigerian Stock Exchange showed that the revenue was higher by 1.1 per cent in contrast with N284.04 billion recorded...

November 13, 2020 No Responses

Nestle, Airtel Africa, Presco, Others Sustain N1.08trillion Growth On NSE

The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. Speficially, the All-Share Index rose by 2,074.10 points or 6.23 per cent...

July 31, 2020 No Responses

Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months

For the half year ended June 30, 2020, Nestlé Nigeria Plc on Thursday announced revenue of N 141.0 billion, compared with N141.9 billion attained within same period in 2019. The company also recorded profit after tax of N 21.8 billion, ...