Nestle declares N28.1bn dividend as pandemic impacts operations

Nestle declares N28.1bn dividend

Nestle declares N28.1bn dividend as pandemic impacts operations   Nestle Nigeria Plc, leading consumer goods company, has reported positive performance metrics for the year ended December 31, 2020, albeit the performance reflected the harsh economy environment caused by Coronavirus pandemic in the year. The company has just declared payment of N28.1 billion to its shareholders as the final dividend for the period ended 31st December 2020. According to the announcement made available to its shareholders and the investing public via the website of the Nigerian Stock Exchange, Nestle is expected to pay…

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How interests in Airtel, Nestle prop equities for weekly gain

Bulls reclaim NGX trading floor with N148bn weekly profit

Sentiment in the domestic equities market remained weak as investors took profits on large-cap stocks in manners that have perpetuated the stock market in the red territory over time. However, significant interest in the shares of Airtel Africa Plc and Nestle Nigeria Plc at the late eleventh hour on Friday pulled out the equities market from sinking deeper as both securities gained by 10 per cent and 9.6 per cent respectively. Specifically, Airtel Africa gained N29.80 to close at N328.70 per share while the shares of Nestlé appreciated by N105.50…

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