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Tag: Nestle Nigeria Plc

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 […]