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Nestlé ‘recovers all plastic’ placed on Nigerian market

Nestlé Nigeria says it has reached 100 per cent plastic neutrality, recovering every tonne of plastic it placed on the market. The milestone was achieved through the Food and Beverage Recycling Alliance, Nigeria’s first Producer Responsibility Organisation, set up in 2018 under the Extended Producer Responsibility policy. Since then, FBRA has expanded from four founding […]

Business

Nestle Nigeria projects record N118.7bn profit for 2025

Nestle Nigeria Plc is estimated to rebound in the full year of 2025 after enduring two years of consecutive losses, driven by chronic naira volatility and sky-high inflation that have plunged earnings. The subsidiary of the Swiss-headquartered consumer brand in Nigeria is projected to record a net income of N118.73 billion, reversing the N164.59 billion […]

ICYMI: Nestlé Nigeria rebrands product to boost nutrition, accessibility
News

ICYMI: Nestlé Nigeria rebrands product to boost nutrition, accessibility

Nestlé Nigeria has rebranded one of its products as part of efforts to address local nutritional needs and improve food accessibility for consumers. Speaking at the launch, Nestlé Nigeria’s Managing Director and CEO, Wassim Elhusseini, said the rebranding aligns with the company’s commitment to providing affordable and accessible nutrition. He revealed that the product, Golden […]

News

Nestlé unveils eco-friendly product packaging

Nestlé Nigeria has launched a new eco-friendly packaging for its cereal, Golden Morn, in an effort to boost sustainability and local economic growth. This was disclosed by Nestle’s Category Manager, Dairy, Omofasa Orhiunu, at the “Rebirth of the King of Breakfast” event held in Lagos on Monday, according to The Punch. “This is not just […]

Aliko Mohammed becomes Nestle Nigeria's non-executive director
Appointments

Aliko Mohammed becomes Nestle Nigeria’s non-executive director

Nestle Nigeria Plc has announced the appointment of Mrs. Maryam Aliko Mohammed as an independent non-executive director. According to Nairametrics, this information was provided in a formal statement that was signed by the company secretary, Bode Ayeku. Part of the official statement read: “Nestlé Nigeria Plc wishes to notify its shareholders, The Nigerian Exchange Limited, and the […]

Nestle Nigeria reports N123.7 bn FX loss
Business

Nestle Nigeria reports N123.7 bn FX loss

Nestle Nigeria Plc has announced a pre-tax loss of N86.5 billion for the fiscal second quarter ended June 30, 2023. As a result of the losses, Q1 gains were completely erased, bringing the half-year profits to N61.6 billion, which was one of the worst results in recent memory. The main cause of Nestle Nigeria’s losses was a […]

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