The upward trend was fueled by strong demand in consumer, energy and industrial stocks.
The federal government and Nestlé Nigeria Plc on Wednesday signed a memorandum of understanding to improve animal genetics and enhance farmers’ productivity.
Ms Egbebi said all Nestlé infant formula products sold locally were officially registered with the National Agency for Food and Drug Administration and Control.
The announcement marks an escalation of an earlier plan to cut 2.5 billion francs in spending over the same period.
Nestlé announced Mr Freixe’s dismissal on Monday, naming longtime executive Philipp Navratil as his replacement.
“The partnership also focuses on enhancing milk quality and productivity across local dairy clusters through knowledge sharing and technical support,” said Nestlé boss.
Grupo CRM has over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands.
