Nestle Nigeria Plc
4 hours ago
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
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
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
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
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
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…
28 Dec 2023
After the two-day holiday declared by the Federal government to commemorate Christmas and Boxing Day, Nigerian equities market reopened on a downturn as the overall market capitalisation declined by N140 billion amid losses in Nestle Nigeria Plc and 20 others.
20 Dec 2023
Stockbrokers have warned that the country may witness mass delisting of manufacturing firms from the stock market and outright exit from the market if urgent steps are not taken to stabilise the foreign exchange (FX) market.
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