Is Nestlé Nigeria Plc majority-owned by the Nestlé group in Switzerland?

confidence: highas of 31 Oct 2026

Confirmed fact · as of 31 Oct 2026

Yes. The company's audited FY2022 financial statements show Société des Produits Nestlé S.A. (Switzerland) directly held 66.18% of the issued shares, with Nestlé S.A. holding a further 4.53%.

A Nigerian Exchange (NGX) / Nestlé Nigeria Plc, Nestlé Nigeria Plc — Audited Financial Statements for the year ended 31 December 2022 (1 Mar 2023) · retrieved 31 Oct 2026

Reasoning

The audited filing states the parent shareholding directly; an independent market profile reports a combined group holding of 70.81% as at end-2025, consistent in direction.

A claim review answers one narrow factual question from the cited sources. It is not a verdict on the company.