Company: Nestlé Nigeria
Country: Nigeria
Sector: Food: Major Diversified
CEO: Wassim Elhusseini
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Lagos, Nigeria
Founded: 1961
Valuation/Revenue: $605.3m revenue; $526.9m market value (African Business Top 250, 2025)
Nestlé Nigeria Plc is the Nigerian subsidiary of Swiss food and beverage giant Nestlé S.A., manufacturing and marketing packaged food products including Cerelac, Milo, Maggi seasoning cubes, Golden Morn cereal and NAN infant formula. It is one of Nigeria’s largest fast-moving consumer goods (FMCG) companies and has traded on the Nigerian Exchange (NGX) since 1979.
What Does Nestlé Nigeria Do?
Nestlé Nigeria operates two factories in Ogun State (Agbara and Flowergate) plus a distribution centre at Ota, producing dairy, infant nutrition, culinary and beverage products for the domestic market and limited regional export. Its portfolio spans household names such as Milo (malted chocolate drink), Maggi (bouillon cubes and seasoning), Golden Morn (cereal), Cerelac (infant cereal), NAN (infant formula) and Nescafé (instant coffee). The company sources a substantial share of its raw materials, including cassava, maize and milk, locally as part of Nestlé’s broader localisation strategy in West Africa.
Is Nestlé Nigeria Legit?
Yes. It is a long-established, publicly listed operating company and a genuine subsidiary of Nestlé S.A., one of the world’s largest food companies. It has been on the Nigerian stock exchange since 1979, publishes audited annual and quarterly financial statements, and is regulated by Nigeria’s Securities and Exchange Commission and the NGX. It is not a shell entity or informal operation, and its products are found in virtually every Nigerian retail outlet.
How Big Is Nestlé Nigeria?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Nestlé Nigeria generated revenue of roughly $605 million with a market value of about $527 million, ranking it 144th among Africa’s largest companies. These dollar figures understate the company’s scale in local currency terms; Nestlé Nigeria’s naira-denominated revenue has grown substantially in nominal terms, but the sharp devaluation of the naira since 2023 has significantly reduced the USD-converted figures used in cross-African comparisons. The company has historically been one of the most heavily traded and closely watched consumer stocks on the NGX.
Who Owns Nestlé Nigeria?
Nestlé S.A., headquartered in Vevey, Switzerland, is the controlling shareholder of Nestlé Nigeria through its foreign core investor holding, which has stood at roughly 63% of issued share capital in recent years. The remaining shares are held by Nigerian institutional and retail investors and trade freely on the NGX. As with other Nestlé regional units, strategic and operational decisions are aligned with the parent company’s global Zone AOA (Africa, Oceania and Asia) structure.
Who Is the CEO of Nestlé Nigeria?
Nestlé Nigeria is led by a Managing Director/CEO appointed by the Nestlé group, with Wassim Elhusseini reported in Nigerian business media as having taken up the role in 2021, succeeding previous expatriate managing directors in what is typically a rotational regional appointment. As with many multinational subsidiaries, the position periodically changes hands as part of Nestlé’s global executive rotation, so readers should verify the current officeholder against the company’s latest annual report or NGX filings.
What Has Nestlé Nigeria Been in the News For Recently?
Like several large Nigerian consumer goods companies, Nestlé Nigeria has faced significant foreign-exchange headwinds since the Central Bank of Nigeria’s naira devaluation and unification of exchange-rate windows starting in mid-2023. The company, along with peers such as Unilever Nigeria and Cadbury Nigeria, reported substantial forex-related losses in its financial statements around 2023-2024 as it revalued dollar-denominated liabilities and import costs. Nestlé Nigeria has also faced periodic scrutiny in the Nigerian press over product pricing amid inflation, and has continued to invest in local sourcing initiatives intended to reduce reliance on imported raw materials and dollar exposure.
Is Nestlé Nigeria Publicly Traded?
Yes. Nestlé Nigeria Plc has been listed on the Nigerian Exchange since 1979 under the ticker NESTLE and is one of the exchange’s higher-priced, lower-float consumer stocks given Nestlé S.A.’s large majority stake.
How Do I Apply for a Job at Nestlé Nigeria?
Nestlé Nigeria recruits through the global Nestlé careers portal, which lists Nigeria-specific vacancies, as well as periodic graduate trainee programmes advertised directly and through Nigerian job platforms. Applicants should search for “Nestlé Nigeria” on the corporate Nestlé careers site or verified Nigerian job boards rather than unsolicited third-party listings, since fake recruitment scams impersonating well-known FMCG brands are a recurring problem in the Nigerian job market.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Nestlé Nigeria a scam? No. It is a genuine, decades-old NGX-listed subsidiary of Nestlé S.A. that manufactures well-known food products sold across Nigeria.
Who owns Nestlé Nigeria? Nestlé S.A. of Switzerland holds a majority stake (roughly 63%), with the remainder publicly traded on the Nigerian Exchange.
How much is Nestlé Nigeria worth? African Business magazine’s 2025 Top 250 ranking put its market value at approximately $527 million and annual revenue at about $605 million.
Who is the CEO of Nestlé Nigeria? Nigerian media report Wassim Elhusseini as Managing Director/CEO; the role rotates periodically as part of Nestlé’s global executive assignments.
When was Nestlé Nigeria founded? 1961, as Nestlé Products (Nigeria) Limited.
Is Nestlé Nigeria still operating? Yes, it remains an active, publicly traded manufacturer and one of Nigeria’s largest FMCG companies as of 2026.