Nestle Nigeria to expand operations in S/East, S/South regions

Must Read

Spectranet and Nokia to provide 100+ Mbps ultra broadband services with FTTH to home and business users in Nigeria

Nokia GPON solution helps Spectranet better serve its customers by adding FTTH services to its current portfolio of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Midea Showrooms And Stores In Nigeria

If you’ve been wondering where Midea showroom and stores are in Nigeria below is a list of Showrooms and...
- Advertisement -
- Advertisement -

Nestle Nigeria Plc has indicated its readiness to expand its operations in the South-East and South-South regions of the country.

Chairman, Nestle Nigeria Plc, Mr. David Ifezulike, who disclosed this to shareholders during the company’s Annual General Meeting (AGM), said that the company is considering new investment proposals to strengthen its nationwide production and distribution networks.

Ifezulike informed that part of the investment proposals include expansion of its operations in those regions, adding that the company will make public announcement of the new investments at the appropriate time.

He also commended government’s efforts at ensuring local sourcing of raw materials for manufacturing but urged that government needs to ensure availability of foreign exchange for critical raw materials, which cannot be sourced locally.

Read:  eTranzact records 20% business growth in 2016

Ifezulike said that the scarcity of foreign exchange and devaluation of the Naira has led to increase in the company’s foreign loans portfolio.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Deutsche Post DHL Group and UNDP join hands for resilient local airports

Get Airports Ready for Disaster (GARD) Local is a follow-up initiative to GARD workshops conducted at international airports.Airport authorities in Nepalgunj...

The Launch of 2019 Taipei International TV Market & Forum increases the international viability of Taiwan’s original content

TAIPEI, TAIWAN - Media OutReach - 12 November 2019 - The Bureau of Audiovisual and Music Industry Development today announces the launch of the 2019 Taipei International TV Market &...

Jacobson Pharma Launches Smartfish Health Nutrition Products from Norway in Greater China and Asia Pacific Region

HONG KONG, CHINA - Media OutReach - 12 November 2019 - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the  "Group"; Stock Code: 2633), a leading company engaging in research, development,...

Jumia Reports Q3 2019 Results: Marketplace revenue up 52% and Gross profit up 45% year-over-year

JumiaPay Total Payment Volume up 95% and JumiaPay Transactions up 262% year-over-year LAGOS, Nigeria -Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the Company) announced today its financial results...

More Articles Like This