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Nestle Nigeria Plans to Focus on Lead Brands to Boost Sales - Bloomberg
Posted On 02/28/2012 23:56:17 by lagosadmin
Maggi food-seasoning products, Milo chocolate-malt drink, and Golden Morn cereal are Nestle’s best-selling products in the nation of over 160 million people and will be the focus of the expansion, Woolnough said. Nestle Nigeria posted a 33 percent jump in full-year net income of 16.8 billion naira ($107 million) for the year end Dec. 31 2011 as revenue advanced 22 percent to 98 billion naira. The company started exporting products to other central and west African countries last year, earning about 1.7 billion naira, Woolnough said.

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Tags: Nestle Nigeria Plans To Focus On Lead Brands To Boost Sales - Bloomberg



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