Nestle Nigeria posts NGN105 bln profit as NGX ASI slips 0.44%

The NGX ASI fell 0.4416% to 1,839.7 on June 3, while Abbey Mortgage Bank jumped 9.9% despite the broader decline, according to Afrivestia analysts. Nestle Nigeria declared NGN105 billion in profit after tax for FY2025, with the stock price cited at NGN3,100, according to Proshare. In building materials, Lafarge Africa said a project in Sagamu and at the Ashaka plant should boost revenue and lower energy costs, according to Blueprint Newspapers. BUA Cement also spent NGN4.5 billion on distributors, THISDAYLIVE reported.