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 […]

Nestle Nigeria launches new maggi variants as profits rise 49% in Q1

NIGERIA – Nestle Nigeria Plc has launched a new powder seasoning product ‘Maggi Signature’ available in three flavour variants; Jollof, Miya and Pottages into the Nigerian market. Speaking during the launch, the Managing Director, Nestle […]

Nestle Nigeria trains farmers on sorghum millet farming to promote sustainability

NIGERIA – Nestle Nigeria Plc said it has partnered with the International Fertiliser Development Centre (IFDC) to train 30,000 Nigerian farmers on resilient farming of sorghum and millet as it seeks to source 100% of […]

Nestlé Nigeria commits to enhancing safe water accessibility

NIGERIA – Nestlé Nigeria has reaffirmed its commitment in providing access to clean safe drinking water as part of its overall goal of improving livelihoods in the communities it operates in. The food and beverage […]

Nestle Nigeria reports profits growth by 27.5% to US$165.22m

NIGERIA – Nestle Nigeria Plc has posted US$165.22 million profit before tax during its financial year ended 31st December 2018 up from US$129.5 million in its previous year which represents a 27.5% growth. The company’s […]

Nestlé Nigeria relaunches ‘Nestlé Pure Life’ bottled water

NIGERIA – Nestlé Nigeria has introduced a new look of its ‘Nestlé Pure Life’ premium bottled drinking water under the mantra ‘championing pure water for healthier generations’ in its quest of providing more healthier products. […]