Nestlé Nigeria First Half Turnover Up 25%

Nestlé's Nigerian subsidiary has reported a 25.2% increase in H110 (six months to June) sales revenue to NGN39.18bn (US$260.9mn). With its top line growing strongly and a presence in Nigeria since 1961, the company is very well positioned to take advantage of forecast annual per capita food consumption growth of 23.3% (in US$ terms) through to 2014 in Africa's most populous market of over 150mn

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