Investors Lead NGX Trading with N20bn Gain Nestle Nigeria Plc, Tripple Gee and Company Plc, and Regency Alliance Insurance Plc experienced stock appreciation as the Nigerian stock market rebounded on Tuesday with a gain of N20bn in market capitalisation. At the close of trading on the...

Nestlé Nigeria Revenue Rises by Over N100bn to N547bn Nestlé Nigeria Plc has recorded N547 billion revenue in its 2023 full-year financial results, the company disclosed at its 55th Annual General Meeting held in Lagos. Further analysis of the company’s performance showed that Nestlé Nigeria Plc...

Dangote, Nestle, Others Lose N1.7tn to Naira Depreciation Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the...

The Exit of Multinationals from Nigeria over Business Climate By Zekeri Idakwo, Let us just admit it. The business environment in Nigeria is gradually becoming a threat not only to the smooth operations of small-scale businesses, but also multi-national companies in the country. Some few weeks ago,...

Stocks Extend Decline As 17 Firms Record Losses       The Nigerian stock market extended its decline on Monday as 17 companies saw their share prices decline at the end of trading. Investors in the market lost N600bn last week as the market capitalisation of equities fell below...

Nestlé And Starbucks Form Global Coffee Alliance In $7.15bn Deal   Nestlé and Starbucks are joining forces in a highly fragmented consumer drinks category that has been involved in a string of deals lately. The Swiss-based food giant Nestlé is paying Starbucks $7.15bn (£5.3bn) for the rights...