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 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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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 […]
Read More Unilever Nigeria Plc. recently released its audited results for the year ended 31st December 2016 posting N69bn turnover. The Company recorded a significant leap in PAT from its 2015 position of N1.19bn to close the year with PAT of N3.07bn. The Company’s results for the year ended 31st December 2016 shows sustained growth and resilience […]
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Unilever Nigeria has recorded Profit After Tax (PAT) of N1.19billion in the forth quarter of 2015, as against the N141 million it posted at the close of trading in the third quarter. The company also recorded a turnover of N59.2 billion for the year ended 31 December ,2015, representing a 6.2 per cent growth in […]
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