Business
Unilever Nigeria to leave home care and skincare markets, focus on other areas

Unilever Nigeria, the Fast Moving Consumer Goods, has announced that in order to sustain its profitability, it will be exiting the home care and skin cleansing markets and repositioning its business.
This information was contained in a corporate notice to the Nigerian Exchange Limited and signed by its Company Secretary, Abidemi Ademola.
The company said that it was changing its business model to accelerate the growth of the company and meet the needs of consumers, shareholders, and employees better.
Part of the statement read, “This will involve repurposing the portfolio by exiting the home care and skin cleansing categories to concentrate on higher growth opportunities.
“Strengthening business operations with measures to digitise and simplify processes; and focusing more on business continuity measures that reduce exposure to devaluation and currency liquidity in our business model.”
-
AFRICA FOCUS2 days ago
Nigeria and EU Discuss on €20 Million Initiative to Strengthen Museum Partnerships and Promote Creative Industries
-
Legal2 days ago
Illegal Trespass Case: Judge Warns Property Developer Cecil Osakwe and Lawyer Victor Giwa Against Evading Arraignment
-
Education2 days ago
Russia Offers To Increase Scholarships For Nigerian Students From 220 As Part Of Bilateral Cooperation
-
Legal2 days ago
Yakoyo Community Petitions IGP Over Alleged Harassment, Forgery by Former CDC Secretary
-
AFRICA FOCUS1 day ago
How Africa Can Leverage Its Demographic Edge to Become a Global AI Powerhouse
-
AFRICA FOCUS51 minutes ago
PSG, Chelsea Set for Club World Cup Final as StarTimes Extends Promo