Tag Archives: Nestle Nigeria Plc

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.

Nestle Nigeria posts 28% profit rise in 2018

Nestle Nigeria Plc, on Wednesday reported a 28% increase in profit for the full year 2018. The food and beverage giant said that profit rose to N43bn from N33.7bn in the previous year, benefiting from a 90% reduction in net finance cost to N900m. In the same period in 2017, finance cost was N8.9bn.

Revenue in the period grew 9% to N266bn from N244bn helping boost operating profit by 9%.

Nestlé Waters Nigeria rebrands Nestlé Pure Life

Nestlé Waters Nigeria has re-launched its two variants of premium bottled water, Nestlé Pure Life and Nestlé Pure Life Protect.

The unveiling of the new packaging took place in Lagos on 28 January and was witnessed by the general public, major distributors and retailers of the company and the company’s support staff.

Speaking at the event, Gloria Nwabuike, Marketing Manager, Nestlé Waters Nigeria, explained that the bottles have been rebranded to highlight the new logo that carries a significant and relevant environmental message from the brand.

Nestle Nigeria reaffirms commitment to responsible sourcing

Nestle Nigeria Plc has reaffirmed it is committed to responsible sourcing at its last Supplier’s Day event held in Lagos.

The event brought together major players who supply raw materials, packaging materials, services and indirect materials to Nestle. It was an opportunity to consolidate existing relationships as well as ensure best practices in sourcing.

Lower finance charge, sales growth lifts Nestle Nigeria’s 9-months profit

Nestle Nigeria Plc reported a net profit growth of 44% in the nine months to the end of September.

The maker of Milo chocolate drink said that profit hit ₦33bn in nine months, with the growth accelerating in the third quarter, helped by an 85% drop in net finance cost to ₦1.27bn from ₦8.6bn.

Nestle Nigeria sustains growth as half year profit rise 30%

Nestle Nigeria Plc, said that its profits grew 30% to ₦21.4bn in the six months to the end of June 2018. In the previous year, the food and beverage firm recorded a profit of ₦16.5bn.

The growth in profit was helped by an 11% growth in sales to ₦135bn, from ₦121.9bn in 2017. The beverage segment which accounted for 37% of group sales recorded a 15% rise in sales to ₦50.1bn, while the food segment which accounted for 63% of group sales saw a 9% sales lift to ₦85.1bn.

Nestle Nigeria sees immense export potential in AFCFTA

Nestle Nigeria Plc has said it sees huge export opportunities in the African Continental Free Trade Agreement (AFCFTA).

In a media briefing in Lagos recently, the Head of Communications and Public Affairs, Nestle Nigeria Plc, Gloria Nwabuike, said, there is a lot of potential in the AFCFTA.