Activities on the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday closed on a negative trend, with Nestle Nigeria Plc , and Unilever Nigeria Plc, leading the cream of losers. Nestle Nigeria Plc, a highly capitalised equity, topped the losers’ chart with a loss of ₦10.00 per share to close at ₦1,500 […]
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Unilever Nigeria Plc has declared a dividend of ₦2.87bn following the approval by its shareholders at the company’s 93rd Annual General Meeting. The dividend declared translates to a payout of 50 kobo gross per share to the shareholders, according to a statement. The company said it recorded a 123 per cent improvement in operating profit, […]
Read More Unilever said Germany’s Dr. Oetker made a binding offer for its Alsa baking and dessert business for an undisclosed sum. The Anglo-Dutch company said the deal would include Alsa’s manufacturing unit in France. Alsa, whose products include flan mixes and baking powder, was bought by Unilever in 2000. Analyst Nico von Stackelberg of Liberum said […]
Read More With Africa’s most populous country out of recession, and the wider region on the path to growth, the world’s consumer goods companies are looking to cash in. Last month, Unilever opened a $12 million Blue Band margarine factory in Nigeria’s southwestern state of Ogun so that it does not have to import margarine from Ghana, […]
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Anglo-Dutch food and consumer giant Unilever said Friday it had reached a 6.8-billion-euro ($8-billion) deal with US private equity giant KKR to sell its margarines business. Unilever “has received a binding offer from KKR to purchase its global spreads business for 6.825 billion euros on a cash-free, debt-free basis,” the company said in a statement. […]
Read More The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has described Unilever Nigeria as a company that has shown and demonstrated confidence in the Nigerian economy. This, it has done, through continuous investment drive in the country. Emefiele spoke at the official opening Unilever Nigeria Blue Band factory in Agbara Industrial Estate, Ogun State. The […]
Read More Unilever Plc and the Federal Institute for Industrial Research Oshodi (FIIRO) are poised to seal an agreement on the commercialisation of some research products. This was disclosed when a technical team from Unilever Plc visited FIIRO in Lagos, during the week. FIIRO Director-General Prof Gloria Elemo displayed some research work to the delegation, saying the […]
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Nestle and Unilever both snapped up small, artisanal brands on Thursday, part of a drive by big food firms to boost slowing sales with products seen as ethical or healthy. Changing consumer tastes and habits have rocked the processed food sector, letting upstarts steal market share from traditional brands with the growth of e-commerce, social […]
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Unilever Nigeria Plc says it is channelling an undisclosed amount of funds to the eradication of dental diseases in the country, as many Nigerians are becoming infertile because of such diseases. The company said on Friday that its commitment to dental matters stemmed from the need to promote good oral hygiene and ensure a cavity-free […]
Read More The board and management of Unilever Nigeria Plc, has disclosed that it would deploy proceeds from the ongoing N58 billion right issue which will end on September 8, 2017, to strenghthen its working capital as well as re-position the company to exploit value accretive opportunities. This was revealed recently to the investing public on the […]
Read More Unilever Nigeria Plc., yesterday, presented facts behind its plans to raise ₦N58,851,275,010 on the floor of the Nigerian Stock Exchange (NSE) in Lagos. At the briefing, the management said total of 1,961,709,167 ordinary shares of 50 kobo each will be offered to existing shareholders on the basis of 14 new ordinary shares for every 27 […]
Read More Anglo-Dutch consumer goods group Unilever will take part in a ₦58.85 billion ($162 million) share sale by its Nigerian subsidiary and will not convert a loan made to the subsidiary into equity, the company said on Wednesday. Unilever Nigeria, 60.05 percent owned by Unilever, is aiming to raise money to pay off loans owed to […]
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