Nestle Nigeria Plc Nestle Nigeria Plc Nestle Nigeria Plc is a publicly listed food and beverage specialty company headquartered in Lagos. It is majority owned by Nestle S.A. of Switzerland. The company was founded in 1961 and conducted trading under the name of Nestle Products Nigeria Limited. It has its main factory in Agbara Industrial Estate, Ogun State. The firm manufactures breakfast cereal, baby food products, food seasoning and hydrolyzed plant protein mix. The firm was listed as one of the largest 100 companies in Africa by Africa Business magazine. The company began business under the trade name of Nestle Products Nigeria, in
Nestle Nigeria Plc 1969, the name was changed to Food Specialties Limited. It began trading on the Nigerian Stock Exchange in 1979 following an indeginization promotion decree. In 1991, the company's name was changed to Nestle Foods Nigeria and ten years later it became Nestle Nigeria PLC. At inception, the firm's operation was in distribution and sales of Nestle products which had previously been imported into the country by merchants. In 1971, improved demand for its Maggi seasoning product led to the establishment of a packaging plant in Lagos. The firm leased land at the newly created Agbara Estate in 1978 and three