Global Statistics

All countries
230,892,835
Confirmed
Updated on September 23, 2021 6:25 am
All countries
205,873,795
Recovered
Updated on September 23, 2021 6:25 am
All countries
4,733,053
Deaths
Updated on September 23, 2021 6:25 am

COVID-19 Global Statistics

All countries
230,892,835
Confirmed
Updated on September 23, 2021 6:25 am
All countries
205,873,795
Recovered
Updated on September 23, 2021 6:25 am
All countries
4,733,053
Deaths
Updated on September 23, 2021 6:25 am

Support Corruption-Free

Supporting Corruption-Free isn’t a transaction for an online service. Our Community is for people like you who care about a common good: ensuring that balanced, independent coverage of Nigeria and the world continues to be available to millions across the world, for free.

Nestle Nigeria Declares N38.50 Final Dividend For 2018

Israel Enables Christians to Celebrate Jesus’ Baptism Holiday Despite Coronavirus

Although the pandemic is keeping Christians and others from visiting the Holy Land, Israel is helping local Christians under lockdown celebrate their...

With 15 strokes of a pen, President Biden reverses Trump on climate, virus and immigration

US President Joe Biden moved swiftly to dismantle Donald Trump’s legacy on his first day in office, signing a series of executive...

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...

Larry King, hospitalized with COVID, moved out of ICU

LOS ANGELES — Veteran talk show host Larry King, suffering from COVID-19, has been moved out of the intensive care unit at...

America’s Fate To Be Decided in Two Days

Civil war or the will of the people? The events on two days in the next two weeks will...

Nestle Nigeria Plc has declared a final dividend of N38.50 per share for the financial year ended Dec. 31, 2018.

According to The News Agency of Nigeria, this was in addition to an interim dividend of N20 already paid by the company.

The company in a statement by Mr Mauricio Alarcon, its Managing Director, said  in Lagos that the final dividend would be ratified by the shareholders at its Annual General Meeting slated for May 28.

Alarcon said that the company posted a turnover of N 266.28 billion compared with N244.15 billion posted in 2017, representing a growth of 9.1 per cent.

Gross profit for the year increased to N113.9 billion, from N100.9 billion recorded in 2017.

Its profit before tax jumped to N59.75 billion from N46.83 billion in 2017.

Commenting on the result, Alarcon attributed the growth to continued loyalty of its customers and consistent delivery of high quality product page.

“We are pleased with our 2018 results considering the increasingly competitive business environment.

“The growth was driven by the continued loyalty of our consumers as we focused on consistently delivering high quality, tasty and nutritious food products adapted to their preferences.

“The discipline and dedication of our people also supported this business outcome,” he said.

Alarcon said that the company continued to invest in innovation to keep delighting consumers with its iconic brands.

“The multi-cereal Nestlé Golden Morn Puffs fortified with iron was introduced during the year,” he stated.

On 2019 outlook, he said that the company would leverage on its capabilities to deliver value to its customers and shareholders in the current financial year.

“We look forward to next year with cautious optimism in view of the challenging business environment.

“We will focus on leveraging our capabilities to deliver value to our consumers and our shareholders as we contribute to the growth of the local economy and to improving livelihoods within our communities,” Alarcon.

Hot Topics

Israel Enables Christians to Celebrate Jesus’ Baptism Holiday Despite Coronavirus

Although the pandemic is keeping Christians and others from visiting the Holy Land, Israel is helping local Christians under lockdown celebrate their...

With 15 strokes of a pen, President Biden reverses Trump on climate, virus and immigration

US President Joe Biden moved swiftly to dismantle Donald Trump’s legacy on his first day in office, signing a series of executive...

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...

Related Articles

Israel Enables Christians to Celebrate Jesus’ Baptism Holiday Despite Coronavirus

Although the pandemic is keeping Christians and others from visiting the Holy Land, Israel is helping local Christians under lockdown celebrate their...

With 15 strokes of a pen, President Biden reverses Trump on climate, virus and immigration

US President Joe Biden moved swiftly to dismantle Donald Trump’s legacy on his first day in office, signing a series of executive...

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...