Tag Archives: Nestle Nigeria Plc

Circular Economy: Stakeholders urge Effective Plastic Waste Management

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As countries across the world sustain the drive towards mitigating the dangers of non-degradable waste, participants at the CEO Roundtable on Sustainability have hinted that Nigeria stands a good chance of bending the curve in good time, only if the private and public sector can collaborate strategically. Aside policy making, the panel recommended strategic timelines for executing each step of the national plan on circular economy.

Nestle Nigeria half-year profit rise 22%

Nestle Nigeria Plc said on Friday that its net profit for the first-half of the year ending on 30 June, 2019 grew by 22% to N26.2bn from N21.5bn in the previous year.

The profit rise was helped by a nearly 5% increase in revenue to N141.9bn from N135.2bn in 2018, and a 21% decrease in finance cost.

Nestlé partners AGRA to aid agricultural entrepreneurship in Nigeria, other West Africa countries

Nestlé Central and West Africa (CWA) and the Alliance for a Green Revolution in Africa (AGRA) have launched a new initiative called Youth Agripreneurship Development Program (YADIS). The aim is to accelerate the sustainable development of farmer livelihoods and increase the interest and opportunities for youths in farming agri-food businesses in Ghana, Côte d’Ivoire and Nigeria.

Nestlé Opens Research & Development Innovation Challenge in Nigeria

Nestlé’s has announced the launch of a Research and Development (R&D) Innovation Challenge in Lagos after it kicked off earlier in the week in Ghana.

The company said the launch was part of the company’s efforts to contribute to the local innovation ecosystem.

“It is expected that the challenge will help to boost local entrepreneurship, as well as provide a platform for start-ups, researchers and developers to contribute to local sustainable growth by bringing breakthrough ideas to the market.

Nestle Nigeria aims for increased market share

Nestle Nigeria Plc said it plans to introduce brand loyalty programmes as a way to grow its market share in the country.

The company’s Managing Director, Mauricio Alarcon, disclosed this during the firm’s Annual General Meeting held in Lagos recently.

Alarcon said that Nestle had continued to focus on creating demand as well as strengthening its brand loyalty so as to increase market penetration.

Nestle Nigeria’s Q1 profit rise 49%

Nestle Nigeria Plc on Tuesday reported a 49% increase in net income for the first quarter of 2019. Profit rose to N12.8bn from N8.6bn, driven by a reduction in finance cost to N469m from N1.1bn, a 60% decrease as well as a 79% gain in finance income, which rose to N504m from N281m.

Nestle Nigeria trains 30,000 farmers on sorghum, millet farming

Nestle Nigeria Plc, said it has partnered with the International Fertiliser Development Centre (IFDC) to train 30,000 Nigerian farmers on resilient farming of sorghum and millet over the past two years as part of its effort to source 100% of its raw materials locally.

This was disclosed by the company’s Corporate Communications and Public Affairs Manager, Victoria Uwadoka, during a media briefing at the company’s corporate headquarters in Ilupeju, Lagos, recently.

Nestlé Nigeria, other get water license

The Federal Government has presented the Water Use License Certificate to two water companies, namely, Nestlé Nigeria PLC and Winners Power Garden for official extraction of water resources for their operations.

Minister of Water Resources, Suleiman Adamu, made the presentation on behalf of the Federal Government on Thursday in Abuja.

The presentation ceremony was organised by the Nigeria Integrated Water Resources Management Commission, the commission mandated for the issuance of licenses and the regulation of water resources in Nigeria.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

Nestlé Nigeria marks World Water Day

Water is an essential part of life, a basic need in every home. As important as water is to life, access to safe drinking water remains a challenge across the world, including Nigeria. The Multiple Indicator Cluster Survey (MICS) conducted by the government of Nigeria in 2016/2017, estimated that in the rural areas, 19 million people walk long distances to collect unsafe water from lakes, streams and rivers. The theme for World Water Day 2019, ‘Leaving no one Behind,’ draws attention to this problem and calls for action to address it.