Nestle Nigeria Plc
11 Jan
Many organisations are pushing to be more socially responsible to its various stakeholders. As a result, under its Corporate Social Responsibility, organisations execute various programmes and projects aimed at cementing not just better relationship
14 Dec
Nestlé Nigeria Plc has said it is proud to reaffirm its commitment to empowering the next generation of leaders by opening entries for its annual scholarship programme.
1 Aug 2024
Net foreign exchange losses due to the currency crisis and related macroeconomic challenges have continued to take huge tolls on the profitability and overall performance of companies listed on the Nigerian Exchange Limited (NGX), leading to a combined loss of N723.8 billion by five companies in half year (HI) of 2024 alone. These five listed…
4 Jun 2024
In the last three years, the Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has witnessed the exit of about 325 members due to incessant redundancies in nine different member companies.
23 May 2024
Shareholders of Nestle Nigeria Plc have stressed the need for the management of the company to intensify efforts towards ensuring that raw materials for production are sourced locally while increasing its export business to tackle foreign exchange (forex) issues.
6 May 2024
Manufacturing companies, especially those under the Fast-Moving Consumer Goods (FMCG) sector, have extended last year's losses into the first quarter (Q1) with financial reports of four firms in the sector reporting combined foreign exchange (FX) losses of about N300 billion.
1 May 2024
Nestle Nigeria Plc has posted a revenue of N183.5 billion in its Q1, 2024 operations, against N127.9 billion achieved in the corresponding period in 2022. Specifically, the company’s unaudited result for the first quarter ended March 31, 2024 showed 43.4 per cent rise in revenue to N183.5 billion while gross profit stood at N49.1 billion…
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6 mins ago
Nestlé Nigeria has announced a full-year revenue growth of 75.2 per cent, reaching N958.8 billion in 2024. This is contained in a corporate disclosure by Nestlé Nigeria on Thursday. Mr Wassim Elhusseini, Chief Executive Officer and Managing Director of Nestlé Nigeria Plc, in the disclosure, said the company’s operating profit improved by N167.9 billion representing…
13 mins ago
The Abuja Chamber of Commerce and Industry (ACCI) has officially adopted a clear definition of Women-Owned Businesses (WOB) to promote gender inclusion and ensure targeted support for women entrepreneurs. According to ACCI, WOBs are businesses with "women as sole proprietors, companies, or partnerships that are more than 51% owned by women." The development was discussed…
14 mins ago
Governor Abba Kabir-Yusuf of Kano State says the government has set up a committee toward sponsoring a State Emergency Management Agency (SEMA) Ecological Funds Bill in the House of Assembly. Kabir-Yusuf said this on Thursday while declaring open a two-day Disaster Risk Management Stakeholders’ Engagement Meeting in Kano. The News Agency of Nigeria (NAN) reports…
17 mins ago
A High Court sitting in Warri has ordered the Economic and Financial Crimes Commission (EFCC) to publicly tender an apology to Mr Julius Oluwafunmisho Okedele for adding his name on a suit for Financial fraud The court In charge No. FHC/WR/110C/2019, filed on December 2, 2019, the EFCC charged Akegor Godbless Omamuyovwi and two other…
18 mins ago
Nigerian music video director and cinematographer, ThankGod Omori Jesam, popularly known as TG Omori, has made a triumphant return to the music scene with Seyi Vibez Shaolin video. On February 26, 2025, TG Omori shared the song video on his X (Twitter) page with the cpation: “Glory be to God almighty who has heard my…
20 mins ago
The pan-Yoruba sociopolitical organisation Afenifere has called for the immediate security upgrade of Prof. Mojisola Adeyeye, the Director-General of the National Agency for Food, Drugs Administration and Control (NAFDAC), following threats to her life and that of some agency staff. While disclosing that the organisation will not tolerate any form of attempt on Adeyeye’s life,…
26 mins ago
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has collected N262 billion Internally Generated Revenue (IGR) in 2024. Mr Ango Abdullahi, acting Executive Chairman, FCT-IRS also said that the service had so far collected 43.8 billion in January. Abdullahi disclosed this on Thursday, during the service’s annual sensitisation campaign to mobilise FCT residents for voluntary…
33 mins ago
An Ebonyi Magistrate’s court sitting in Abakaliki on Thursday adjourned hearing on a bail application for the release of the detained national president of the Ohanaeze Youth Council (OYC), Mr Igboayaka Igboayaka until March 12. Igboayaka was arrested in Owerri on Feb. 8 by operatives of Anti-Kidnapping Unit, Ebonyi Police Command after winning reelection for…
37 mins ago
Nigerian music stars Rema, Mercy Chinwo, and D’banj made the country proud as they dominated the winners' list at the prestigious 2025 Trace Awards. The award ceremony, which took place at the stunning Mora Resort in Zanzibar, Tanzania, on Wednesday, February 26, celebrated African and global music excellence. READ ALSO: Matt B beats Tems,…
38 mins ago
Ogun State Governor, Dapo Abiodun, has extended his heartfelt condolences to the people of Odogbolu in the Ogun East Senatorial District over the passing of their revered monarch, Oba Adedeji Onagoruwa, the Alaye of Odogbolu. The esteemed monarch passed away on Monday at the age of 80 after a brief illness. In a condolence message,…