Stock Market

Nestle S.A. Increases Stake in Nestle Nigeria Plc

Nestle S.A. Purchased Additional Stake in Nestle Nigeria Plc

Nestle S.A., a majority shareholder in Nestle Nigeria, has once again increased its stake in Nestle Nigeria Plc.

In a statement signed by Bode Ayeku, Company Secretary, Nestle Nigeria Plc, and released through the Nigerian Stock Exchange (NSE), Nestle S.A Plc purchased additional shares of 229,697 in Nestle Nigeria Plc on November 9th, 2020 in Lagos, Nigeria.

Nestle S.A. bought the 229,697 shares at N1,249.65 per unit share. Bringing total investment to N287.041 million. See the details below.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

15 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

16 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

16 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

17 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

17 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

18 hours ago