Only six firms will be allowed to import milk in Nigeria, CBN says

NIGERIA – The Central Bank of Nigeria has given approval to six dairy companies to import milk into the country. CBN in a statement signed by Director, Trade and Exchange Department, Dr Ozoemena Nnaji said […]

Nestle Nigeria headquarters reopened after agreement to pay disputed lottery fees

NIGERIA – The federal government of Nigeria through the National Lottery Regulatory Commission (NLRC) has unsealed Nestlé Nigeria Plc headquarters, which was recently shut for alleged breach of National Lottery Act, 2005 and National Lottery […]

Central Bank of Nigeria supports four dairy products manufacturers

NIGERIA – Four dairy products manufacturers in Nigeria have commenced local production of milk under the livestock development initiative by the Niger state in partnership with the Central Bank of Nigeria. The initiative is in […]

Nestle Nigeria reports 22% growth in half-year profit to US$72.39m

NIGERIA – Nestle Nigeria Plc reported 22% growth in net profit for the first half of the year ending on 30 June, 2019 to US$72.39 million (N26.2bn) supported by 21% decrease in finance cost. Revenues […]

Nestle Nigeria taps into the growing coffee market as leading player

NIGERIA – Nestle Nigeria, producers of the Nescafe coffee brand, has continued to dominate the Nigeria’s coffee sector controlling a 75% market share, in a sector projected to hit 1000 tonnes by 2020. According to […]

Nestle Nigeria launches new Maggi Signature variant to grow its seasoning portfolio

NIGERIA – Nestle Nigeria Plc has launched a new powder seasoning range, Maggi Signature, available in three flavour variants; Jollof, Miya and Pottages. With the new product, the fast moving consumer good company seeks to maintain […]

Nestlé Nigeria reiterates commitment to addressing plastic packaging waste

NIGERIA – Nestlé Nigeria Plc has reiterated its commitment in addressing plastic packaging pollution in the country through engaging in various environmental conservation initiatives. Speaking while commemorating this year’s World Oceans Day in Nigeria, the […]

Nestle Nigeria reports 5.2% growth in revenues in the first quarter

NIGERIA – Nestle Nigeria Plc has reported US$197.12 million (N71.0bn) in revenue for the first quarter of 2019, representing 5.2% growth compared to corresponding period in the previous year. The company’s gross profit for the […]