The history of Nestle Nigeria Plc began in 1866, with the foundation of the Anglo-Swiss Condensed Milk Company. Henri Nestlé developed a breakthrough infant food in 1867, and in 1905 the Company he founded merged with Anglo-Swiss, to form what is now known as the Nestlé Group.
Nestle Nigeria Plc is a publicly listed food and beverage specialty company that has its headquarter in Lagos. It is majority owned by Nestle S.A. of Switzerland. The company was founded in 1961 and conducted trading under the name of Nestle Products Nigeria Limited.
The Company began business under the trade name of Nestle Products Nigeria, in 1969; the name was changed to Food Specialties Limited. It began trading on the Nigerian Stock Exchange in 1979 following an indigenization promotion decree. In 1991, the Company's name was changed to Nestle Foods Nigeria and 10 years later it became Nestle Nigeria PLC. At inception, the firm's operation was in distribution and sales of Nestle products, which had previously been imported into the country by merchants.
In 1971, improved demand for its Maggi seasoning product led to the establishment of a packaging plant in Lagos. The firm leased land at the then newly created Agbara Estate in 1978 and three years later began manufacturing Maggi and Milo products. In 1982, Cerelac was produced in Nigeria from Agbara. Between 1984 and 1986, the Company introduced baby-weaning products with higher local content, this includes Cerelac Maize and Nutrend, with a mixture of soy and maize. It later introduced Chocomilo as a confectionery item. In 2011, the firm expanded production of its marquee with the opening of a Maggi factory in Flowergate, Ogun State.
OTHER NESTLE BUSINESSES
Nestlé Health Science
Nestlé Institute of Health Sciences
Nestlé Espressos
Nestlé Nutrition Institute
Nestlé Purina Petcare
Nestlé Skin Health
Nestlé Waters
Nestlé Research Center
BOARD OF DIRECTORS
David Ifezulike - Chairman
Jagdish Kumar Singla - Director-Finance & Control & Director
Remy Ejel - Non-Executive Director
Mauricio Alarcón - Chief Executive Officer & MD & Director
Ricardo Chavez - Non-Executive Director
Juliet Ehimuan - Independent Non-Executive Director
Industrial Avenue 22-24 Ilupeju, Lagos Nigeria
Phone: +234 1 279 0707
Please login to give a review.
The Nigerian stock market had another day of drop on Thursday, with a loss of N112 billion. The drop comes after a loss of N27 billion on Wednesda...
The appointment of Maryam Aliko has been announced by the board of Nestle Nigeria Plc as Independent Non-Executive Director. Bode Ayeku,...
The Managing Director or Chief Executive Officer is the highest position in any organisation and is usually tasked with making the most difficult deci...
Ten out of 156 listed firms hold N25.62 trillion of the N33.1 trillion total market capitalisation of the Nigerian Exchange (NGX), or 77.1 percent of ...
The appointment of Namit Mishra has been announced by the board of Nestle Nigeria Plc as the Finance and Control Director of the company effective 1st...
Loans secured by Nestle Nigeria Plc rose to N155 billion at the end of the 2022 financial year from N76.864 billion in 2021, indicating a 102.05 ...
Gbenga Oyebode has been appointed as the Chairman of the board of directors of consumer goods at Nestle Plc. This was made known by David...
The equity market returned to the green zone following impressive returns from NESTLE (+2.87%), UCAP (+3.31%), and NB (+3.01%). Thus, the all-shar...
Profit-taking dominated trading activities in the domestic bourse following a sell-off on the shares of SEPLAT (-4.26%) and UBA (-0.59%). Thus, the...
Trading closed at the Nigerian equities market as Monday’s loss was reversed with investors interest in AIRTEL AFRICA (+4.4%) driving the ASI hi...
Nestlé Zone in Asia, Oceania, and sub-Saharan Africa (Zone AOA) have continued the 'Nesternship' (Nestlé Internsh...
Nigeria’s largest Fast-Moving Consumer Goods (FMCGs) companies have seen their profits rise to a five-year high in the first half of 2021. ...
Consumer goods market leader, Nestle Nigeria Plc reported a 19.07% YoY revenue growth to N84.18 billion from N70.7 billion recorded in Q2 20...
Consumer goods market leader, Nestle Nigeria Plc reported a 19.07% YoY revenue growth to N84.18 billion from N70.7 billion recorded in Q2 20...
Investors who bought SWOOT (Stocks Worth Over One Trillion naira) gained well over N300 billion at the end of last week's trading as the...
