Nestle
19 hours ago
Three fast-moving consumer goods (FMCGs) firms listed on the Nigerian Exchange Limited (NGX) spent close to N1.3 trillion as cost of sales in nine months.
17 Oct
Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant. Chief executive Laurent Freixe took over from Mark Schneider on September 1 in a surprise change at the top of the Swiss group, whose brands…
17 Oct
Nestle lowered its outlook again for 2024 and reshuffled its executive team on Thursday as the global food giant reported falling sales for the first nine months of the year. The Swiss group, whose brands range from Nespresso coffee capsules to Purina dog food and Haagen-Dazs ice cream, said sales reached 67.1 billion Swiss francs…
5 Sep
Investors, who staked their funds in fast-moving consumer goods' (FMCGs) stocks may need to wait longer for capital appreciation as prolonged inflation, foreign exchange (FX) crisis
23 Aug
Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. The company announced after markets closed Thursday that Schneider would step down on September 1 after almost eight years in charge and be replaced by Nestle's Latin America chief,…
22 Aug
Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years at the helm and will be replaced by Latin America
10 Aug
Nestlé Nigeria said it has invested over N6b in up skilling young Nigerians over years, which demonstrates its dedication to fostering the next generation of skilled professionals. The company underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara.…
6 Jun
The Nigerian equities market halted its two-days downturn, as gains in Nestle Nigeria Plc and 17 stocks lifted the overall market capitalisation by N132 billion.
24 May
The CBN decision to tackle rising inflation through aggressive monetary tightening, which has pushed the Monetary Policy Rate (MPC)
22 May
Despite rate hike, investors increased appetite in the shares of Nestle and Berger Paints lifted the All-Share index further by 0.1 per cent yesterday.
29 Apr
No respite yet for stock market investors as no fewer than 15 listed firms across sectors so far have failed to pay dividends to shareholders in the 2023 financial year as these firms battle with perennial issues bedeviling the nation's economy.
29 Apr
As criticisms continue to trail alleged excess sugar in infant formulas produced by Nestle and sold in Nigeria, the National Agency for Food and Drug Administration and Control (NAFDAC), has said the Nido follow-up milk formula
Latest
2 hours ago
Chaos erupted on Tuesday in the Super area of Abule-Egba, Lagos, as protesters clashed with Lagos State Traffic Management Authority (LASTMA) officials and police officers. The confrontation began after LASTMA officers allegedly pursued a Toyota Corolla driver, causing him to collide with another vehicle, fatally injuring him just days before his wedding. According to witnesses,…
2 hours ago
The Minister of Interior, Olubunmi Tunji-Ojo, has said that the ongoing saga involving popular cross-dresser Idris Okuneye, known as Bobrisky, highlights deeper institutional problems within the country. Bobrisky’s case has sparked widespread discussion following a viral video alleging he paid officials from the Nigerian Correctional Service (NCoS) to receive special treatment during his jail time…
2 hours ago
Afenifere chieftain, Dr Femi Okurounmu, has been counselled to avoid getting involved in matters that could ridicule his status as an elder statesman. Federal Capital Territory (FCT) Minister, Nyesom Wike's Senior Special Assistant on Public Communications and New Media, Lere Olayinka, who reacted to Dr Okurounmu's statement accusing President Bola Tinubu of being laid back…
3 hours ago
Lagos State government has said it would invest more in artificial intelligence (AI), which would prepare students of the state for a world that is AI-driven. This was revealed by Mr Oluwaseun Awojumobi at the annual debate competition organized by the JENDOL superstore, where the winner was awarded over N2M in cash and a scholarship…
3 hours ago
Former President Olusegun Obasanjo has urged African youth to embrace Artificial Intelligence (AI) to propel their careers forward. He spoke at the 5th Presidential Youth Mentoring Retreat held at the Youth Development Centre, Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, drawing participants from across Africa. Obasanjo remarked, "If I were between 20 and 35 years…
3 hours ago
President Bola Tinubu on Tuesday declared a new chapter in Edo State's history with the triumph of democratic values as Senator Monday Okpebholo and Rt. Honourable Dennis Idahosa were sworn in as Governor and Deputy Governor, respectively. The President assured Nigerians that the nation’s most challenging economic period is now behind them. In a rousing…
3 hours ago
Across Africa, some countries carry names that immortalise the influential figures behind them. While many nations choose names that capture their landscapes or ideals, a few bear the legacy of remarkable individuals whose lives continue to resonate on the continent. Here are five African countries named after people who once walked the earth. READ ALSO:…
3 hours ago
MTN Nigeria has called on Ministries, Departments, and Agencies (MDAs) of government to leverage the enormous opportunities in digital advertising and the numerous possibilities it creates to connect with citizens and advance economic growth and development. Meanwhile, smartphone penetration in Nigeria currently stands at about 44.4%, representing 81.2 million Nigerians who own smartphones. MTN Chief…
3 hours ago
The Academic Staff Union of Universities (ASUU) raised concerns on Tuesday over what it described as a deliberate effort to undermine Nigeria’s public universities. ASUU President, Prof. Emmanuel Osodeke, expressed these concerns during the 2024 ASUU Heroes Day in Abuja, accusing international bodies of working to destabilise Nigeria’s public education system. Osodeke also voiced frustration…
3 hours ago
Security operatives in Kaduna have arrested five kidnappers, a spiritualist, and a notorious car thief, while also recovering a stolen Toyota Hilux vehicle, after raiding a criminal hideout in the state. The Kaduna Police Command issued a statement on Tuesday evening, confirming that the operation targeted terrorists and other criminal elements in their dens to…