Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by
high growth.  Key highlights for January to September 2025 Results :
 Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling
N884.5 billion compared to 9M of 2024.
 Operating Profit: The operating profit grew to N181.3 billion, a 63.6% increase from N110.8
billion in 9M of 2024.
 Profit Before Tax: The profit before tax reached N127.9 billion, in contrast to the loss of –
N255.4 billion in the same period of 2024.
 Profit After Tax: The profit after tax amounted to N72.5 billion, compared to a loss of –
N184.3 billion in 9M 2024.
 Equity Position: The equity position improved by N72.5 billion.
 Early payment of USD 20 million inter-group forex debt in Q3 2025
Summary of the results : Jan-Sept 2025 
   Jan-Sept 2025 Jan-Sept 2024
Revenue  884,536,899 665,289,761
Cost of Sales  (557,661,594) (458,977,837)
Gross Profit  326,875,305 206,311,924
Results from operating activities  181,343,663 110,843,852
Finance income  1,785,024 2,930,478
Finance costs  (55,173,305) (369,158,960)
Net finance costs  (53,388,282) (366,228,482)
Profit /(loss) before income tax  127,955,382 (255,384,629)
Income tax (expense)/credit  (55,473,301) 71,113,867
Profit /(loss) for the period  72,482,081 (184,270,762)
In his remarks on the results, Mr. Wassim Elhusseini, Managing Director and CEO of Nestlé
Nigeria PLC, stated, “The results for the nine months signify the sustainability of our return
to profitability since the fourth quarter of 2024. The topline growth of 33% during this period,
along with a profit after tax of N72.5 billion, clearly illustrate that our dedication to
operational excellence and our robust fundamentals are producing the desired outcomes.”  
Looking ahead, he emphasized, “we remain focused on enhancing our margin
management initiatives, accelerating transformation of our business, while investing in
programs that create sustainable value for all our stakeholders, starting from our
employees, consumers and extending to our communities and partners across our value
chain.”

Nestlé Nigeria’s nine months 2025 results underscore the company’s resilience and
operational effectiveness, positioning it for continued success in navigating challenges and
seizing future opportunities.

Lagos, Nigeria – October 10 2025

Interswitch, the leading African technology company focused on creating solutions that enable individuals and communities prosper across Africa, has reaffirmed its commitment to supporting creativity, technology, and innovation through its Gold Sponsorship of the Untitled Design Conference (UDC) 2025, held recently in Oregun, Ikeja, Lagos.The Untitled Design Conference has grown to become one of the largest and most influential gatherings of design and technology professionals in Nigeria and beyond. This year’s edition provided a platform for learning, collaboration, and exchange of ideas on the future of design, user experience, and technology, highlighting how creativity continues to shape the digital ecosystem in Africa.As a Gold Sponsor, Interswitch showcased two of its flagship solutions, the Interswitch Payment Gateway and Quickteller Business both designed to empower developers, businesses, and creators to build seamless and secure digital and payment experiences for web and mobile applications.Through the Interswitch Payment Gateway, developers can integrate reliable, efficient, and scalable payment systems into their digital products. The company also spotlighted its 5-for-5 Program, which rewards developers and merchants with 5% earnings for 5 years when they refer others to the Interswitch Payment Gateway.In addition, Quickteller Business was showcased as a powerful, no-code solution that enables designers and entrepreneurs to create intuitive storefronts to display their portfolios, generate invoices, and receive payments securely. With the support of Interswitch’s robust payment infrastructure, the platform accepts all major cards, including Verve, Amex, Discover, and UnionPay, offering convenience and inclusivity for both local and international clients.A major highlight of the event was a presentation by Paul Otu, Divisional Head, Design & User Experience at Interswitch, titled “Resilience by Design.” In his session, he explored the process of building and sustaining design teams in the age of Artificial Intelligence, while emphasizing the importance of harnessing AI as a tool for creativity, innovation, and problem-solving.He also spoke about creating possibilities across Africa through thoughtful design and collaboration, inspiring attendees to adopt resilience as a key principle in shaping digital experiences that are both human-centered and future-ready.Interswitch’s participation at the Untitled Design Conference reinforced its position as a leading enabler of Africa’s growing digital and creative economy. The company used the platform to engage directly with professionals, share insights on product design and user experience, and highlight the role of payments in powering innovation across diverse industries.The Untitled Design Conference remains one of the continent’s most vibrant design-focused events, bridging communities and inspiring new thinking at the intersection of art, technology, and business. With Interswitch’s sponsorship and participation, the 2025 edition further underscored the company’s leadership in driving innovation and enabling the growth of Africa’s creative economy.

Workforce Excellence as a Catalyst for Growth in Nigeria’s Financial Sector

Lagos, Nigeria – September 2025 — FBNQuest Merchant Bank Limited proudly announces its certification as a Great Place to Work®, a global recognition that affirms its commitment to cultivating Nigeria’s most innovative and high-performing workforce. This milestone underscores the Bank’s dedication to employee engagement, organisational culture, and leadership effectiveness—reinforcing human capital as a core strategic differentiator in an increasingly competitive financial services landscape.The certification followed a rigorous evaluation of employee feedback, workplace culture, and leadership practices, validating FBNQuest’s deliberate people-centred strategies designed to capture growth opportunities amid regulatory advances, fintech disruption, and digital transformation.“Our recognition as a Great Place to Work reinforces a key tenet of our strategy: that sustainable competitive advantage in modern investment banking is built on exceptional human capital,” said Afolabi Olorode, Ag. Managing Director, FBNQuest Merchant Bank. “In a market defined by technological acceleration, evolving client expectations, and regulation, our people-first approach is not optional, it is a strategic necessity. When we empower our people through targeted development and engagement, we expand our capacity to innovate, strengthen agility, and deliver superior financial solutions. This recognition confirms that investing in talent is the most effective pathway to sustainable growth and resilience.”This certification reflects FBNQuest’s rigorous focus on key areas critical to its strategic objectives:- Leadership Excellence: Cultivating a high-trust management culture that enables swift decision-making and strategic agility.- Talent Development: Accelerating capabilities aligned with market trends, including digital banking and compliance.- Operational Flexibility: Supporting productivity through adaptive work arrangements, ensuring client responsiveness.- Inclusive Innovation: Fostering diversity of thought that fuels creative solutions and market insights.- Talent Attraction & Retention: Implementing a comprehensive rewards strategy to draw top-tier industry talent.In a financial sector undergoing unprecedented transformation, FBNQuest Merchant Bank’s deliberate focus on people not only strengthens its competitive edge but also enhances its Environmental, Social, and Governance (ESG) profile. This positions the Bank as a trusted partner for global investors and strategic alliances, while reinforcing its role as a key driver of Nigeria’s economic transformation. A Future-Ready Workforce for a Changing Market. This certification reflects more than an accolade, it signals the Bank’s commitment to building a motivated, engaged, and future-ready workforce. By aligning people strategies with business objectives, the Bank continues to deliver on its mandate of innovation, resilience, and sustainable growth, setting a benchmark for excellence in Nigeria’s financial services industry.