Nestle – Page 2 – City Business News

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, compared...

February 22, 2020 No Responses

Nestle, Nigerian Breweries Top Losers Table, Stocks Shed N94b

Market indicators of the Nigerian Stock Exchange (NSE) on Friday declined by 0.65 per cent amid loss posted by Nestle. At the end of the day’s transactions, the All-Share Index which opened at 27,568.91 shed 180.29 points or 0.65 per...

February 13, 2020 No Responses

Nestle Stops Chocolate Production Due To Low Sales

Less than two years after it was launched, Nestle has dropped its range of chocolate that used a new low-sugar technique, According to the foremost firm, demand for its Milkybar Wowsomes had been “underwhelming”. The bars used what Nestle described...

December 8, 2019 No Responses

Access Bank, Zenith, FMDQ, Nestle, Others Get Capital Market Awards

The Capital Market Correspondents Association of Nigeria (CAMCAN) on Saturday honoured six firms for their contributions to the development of the Nigeria Stock Exchange (NSE) in 2018.At a colourful ceremony held in Lagos, CAMCAN also commended the firms for t...

November 26, 2019 No Responses

Nestle, Presco, Others Lift Market Capitalisation By N22billion

Transactions on the floor of Nigerian Stock Exchange (NSE) reopened on a positive note on Monday as the market capitalization gained 0.16 per cent, extending the bullish run to five consecutive trading sessions. At the end of the day’s transactions,...

November 8, 2019 No Responses

Nestle Nigeria Records N203.1b Revenue, N33.1b Profit In Q3

For the third quarter ended September 2019, Nestlé Nigeria Plc recorded a revenue of N211.3 billion, up by 4.0 percent when compared to N203,134,728 billion in 2018. Profit for the period also increased to N36,841,330 billion compared to N33,118,287billion at...

May 8, 2018 No Responses

Nestle Stakes $7.1b For Starbucks Coffee

Nestle has announced that it will pay Starbucks $7.1billion (£5.2bn) to sell the company’s coffee products. The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks’ coffee in retail outlets...

April 27, 2018 No Responses

Nestlé withdraws ‘Offensive’ Advert Campaign

Nestlé has cancelled an online publicity campaign in Morocco after it was branded sexist on social media. The mini-series, titled I Want to Get Married, featured five young women competing to win a husband by impressing his mother. The...

November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend. In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....

November 1, 2017 No Responses

N22 lifts Nestle to N1,252 per share

By citybusinessnews@yahoo.com – Transactions on the floor of Nigerian Stock Exchange (NSE) continued on Tuesday on a positive note as market capitalisation gained N67 billion or 0.53 per cent to close at N12.694 trillion compared with N12.627...

October 13, 2017 No Responses

Nestle sustains growth profile, hits N1, 240 per share

Nestle Plc on Thursday sustained its rising profile to lead the Nigerian Stock Exchange (NSE) gainers’ table, growing by N6.88 to close at N1,240 per share. Also at the end of tradings, Stanbic IBTC came second with a gain of...

September 15, 2017 No Responses

Nestle acquires coffee firm for $500m

Nestle has bought control of the California based specialty coffee business Blue Bottle Coffee. The Swiss food and drink multi-national acquired a controlling stake for a reported price of $500m (£370m) . With its Nescafe instant coffee and Nespresso brands,....