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April 26, 2015 9:14 AM ET

Food Products

Company Overview of Nestle Nigeria PLC

Company Overview

Nestle Nigeria PLC manufactures, markets, and distributes food products in Nigeria. It operates through two segments, Food and Beverages. The company offers infant formula under the Nestlé NAN and Nestlé LACTOGEN brands; infant cereals under the Nestlé NUTREND and Nestlé CERELAC brands names; family cereals under the Nestlé GOLDEN MORN brand; beverage drinks under the Nestlé MILO brand; confectionery under the Nestlé CHOCOMILO brand; and bouillon under the MAGGI Cube, MAGGI Chicken, MAGGI Crayfish, and MAGGI Mix’py brands. It also provides table water under the Nestlé PURE LIFE brand; coffee under the NESCAFÉ CLASSIC and NESCAFÉ 3-in-1 brands; and full cream milk product under the Nestlé NID...

22-24, Industrial Avenue

Ilupeju

P.M.B. 21164, Ikeja

Lagos,  

Nigeria

Founded in 1961

Phone:

234 01 279 0706

Fax:

234 01 271 5701

Key Executives for Nestle Nigeria PLC

Nestle Nigeria PLC does not have any Key Executives recorded.

Nestle Nigeria PLC Key Developments

Nestle Nigeria PLC Announces Earnings for the Financial Year Ended December 31, 2012

Nestle Nigeria PLC announced earnings for the financial year ended December 31, 2012. For the period the company recorded a turnover of NGN 116.7 billion in 2012, showing an increase of 19% above the NGN 97.9 billion in 2011. Profit after tax rose by 28% from NGN 16.49 billion to NGN 21.13 billion.

Nestle Nigeria PLC Approves Dividend for the Financial Year Ended December 31, 2012

Nestle Nigeria PLC announced that the shareholders of the company approved the dividend of NGN 18.50 per share declared for the financial year ended December 31, 2012. Directors of Nestle had recommended an interim dividend of NGN 1.50 per share, which had already been paid before the final dividend of NGN 18.50, bringing the total dividend for the year to NGN 20 per share.

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