Market Shifts: Telecom Giants, Consumer Goods Struggles, and Banking Booms!
Join Ugodre in the latest quarterly results from major players in the telecommunications, consumer goods, and banking sectors. He unpacks ...
Tag: Nestle
News and analysis about Nestle Nigeria
Nestle’s woes continue as pre-tax loss hit N252.5 billion in 2024 half-year
Nestle Nigeria Plc posted a pre-tax loss of N252.5 billion in the 2024 half-year, marking a 265% year-on-year decrease from ...
Monetary Policy: Consumer goods companies report 1345% surge in borrowing cost
Finance cost of major consumer goods companies listed on the NGX increased by over 1,400% in the first quarter of ...
Nestle’s share price hits N900 first time in over a month
Nestle Nigeria Plc hit the N900 share price as it appreciated by 9.76% today. This marks the first time since ...
Major consumer goods companies record N839.2 billion forex losses in 2023
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion ...
Analysis: Nestle Nigeria clever move to reverse negative shareholder funds
In accounting, as in anything in life, cash is king. It doesn’t matter if your company has been posting consistent ...
Stable FX regime will trigger firms’ return to profitability in 2024 – Analysts
Analysts predict a stable forex regime will drive Nigerian Breweries and others back to profitability in 2024
Nestle Nigeria revalues fixed assets to fix negative shareholders funds
Nestlé Nigeria PLC has announced a strategic revaluation of its fixed assets, a decision spurred by the company's FY 2023 ...
94% of our N195 billion FX losses are unrealized – Nestle
Nestle Nigeria Plc in a note to its shareholders has stated that 94% of its N195 billion FX losses pertains ...
BUA Foods leads as top performing FMCG stocks in Q1 2024
In the face of economic challenges, the consumer goods sector experienced bleak financial outcomes for the 2023 fiscal year. Despite ...
