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Unilever Plans N4.3b New Investment In Nigeria by froz(m): 3:32am On Aug 20, 2017 |
Unilever, one of the oldest conglomerates in Nigeria, has concluded plans to invest about 10 million euros (N4.3billion) in a new plant in the country, as part of its expansion in Africa’s largest economy. This hint was dropped by the Unilever Executive President/CEO, Mr. Luc-Olivier Marquet during an interview with the MARKETING EDGE team at International Convention Centre (ICC), Durban, South Africa, venue of 2017 Loeries Creative Week. The Unilever boss who delivered a powerful paper on ‘Creativity and the Role of Major Stakeholders in Building the Brand,’ charged the African Creative people to be more Afrocentric in telling the African story through their creativity. The new plant is to involve the manufacturing of Blue Band, its flagship margarine brand, which is in high demands in the country. The move will also help the company to further deepen its presence. Unilever’s expansion plan will make the brand maintain its leadership position in the market, meet growing margarine demands in the country and maintain its competitive edge amongst competitors like Blue Bonnet, Chiffon Margarine and others. Market analysts believe Unilever’s expansion plans is one of the reasons for its subsidiary’s recent decision to approach the Nigerian Stock Exchange (NSE) to raise about N58.851billion fresh capital through Rights Issue. In the application, Unilever Nigeria will be issuing 1,961,709,167 ordinary shares of 50 kobo each at N30.00 per share to shareholders on the basis of 14 new shares for every ordinary shares held. The Chairman of Unilever Nigeria, His Majesty Nnaemeka Achebe, the Obi of Onitsha had during its recent Annual General Meeting said the company’s performance showed its commitment to grant shareholders returns on their investments. The conglomerate rolled out an impressive second quarter 2017 result showing a revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY). Also, it’s quarter-on-quarter (QoQ) review showed a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates. While its revenue continued to benefit from the increase in the prices of key products, recent results suggest that the company is increasing its market share. There was particularly the recovery in the Personal Care division, wherein revenue growth was 53% in H1. Revenue in this category grew by 73% y/y and 1% q/q in Q2. Revenue in the Home Care division also grew by 77% y/y and 17% q/q, and while Food revenue declined by 2% q/q, it grew by 24% y/y during the review period,” they had stated. Another positive surprise from the second quarter result is the strong rebound in gross margin to 33.2 per cent, from 28.4 per cent in Q1’17, 27.9 per cent in Q2’16, and above analysts’ 28 per cent forecast. Unilever is a Dutch-British transnational consumer goods company, co-headquartered in Rotterdam, Netherlands and London, United Kingdom. Its products are available in 190 countries. Industry analysts linked the quick margin recovery in Nigeria to pricing actions, positive mix, and more importantly, exchange rate-linked cost savings. They reasoned this is why the conglomerate was ready to open more investment frontiers in the country. SOURCE: https://brandspurng.com/unilever-plans-n4-3b-new-investment-in-nigeria/
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Re: Unilever Plans N4.3b New Investment In Nigeria by maisauki: 4:05am On Aug 20, 2017 |
FTC |
Re: Unilever Plans N4.3b New Investment In Nigeria by Nobody: 7:37am On Aug 20, 2017 |
Straight... |
Re: Unilever Plans N4.3b New Investment In Nigeria by Capsule101(m): 7:43am On Aug 20, 2017 |
our corrupt politicians go still chop all |
Re: Unilever Plans N4.3b New Investment In Nigeria by excel127(m): 7:44am On Aug 20, 2017 |
Still don't know what to do with this piece of info 1 Like |
Re: Unilever Plans N4.3b New Investment In Nigeria by okedoyinolabisi(f): 7:44am On Aug 20, 2017 |
hoping for the best |
Re: Unilever Plans N4.3b New Investment In Nigeria by baski92(m): 7:45am On Aug 20, 2017 |
Good old memorys |
Re: Unilever Plans N4.3b New Investment In Nigeria by baski92(m): 7:46am On Aug 20, 2017 |
okedoyinolabisi: |
Re: Unilever Plans N4.3b New Investment In Nigeria by Deji124(m): 7:46am On Aug 20, 2017 |
when did a king start to become a chairman of company |
Re: Unilever Plans N4.3b New Investment In Nigeria by kayDooo(m): 7:47am On Aug 20, 2017 |
Nice one. We leads others follow |
Re: Unilever Plans N4.3b New Investment In Nigeria by Sleyanya1(m): 7:50am On Aug 20, 2017 |
Re: Unilever Plans N4.3b New Investment In Nigeria by kayDooo(m): 7:50am On Aug 20, 2017 |
Deji124:he owns highest shares in Unilever Nigeria 4 Likes 3 Shares |
Re: Unilever Plans N4.3b New Investment In Nigeria by Splashme: 7:51am On Aug 20, 2017 |
4b naira is such a small amount and didn't require this publicity #wack 2 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by Nobody: 7:55am On Aug 20, 2017 |
Deji124: What stops a king to become chairman of company? Do you think it is by political appointment? The king is also an investor, so he can be a board member and a chairman. Don't forget that the king was the Vice President of Shell Nigeria. 9 Likes 2 Shares |
Re: Unilever Plans N4.3b New Investment In Nigeria by Ospic2014: 8:10am On Aug 20, 2017 |
Tell him ooo |
Re: Unilever Plans N4.3b New Investment In Nigeria by Sodia(m): 8:12am On Aug 20, 2017 |
Huge money to be spent here anyways, i don't know how them go invest in naija and them think say people no go chop am... ohhh... i laff in 4D, Commenting from www.safaxnet.com.ng |
Re: Unilever Plans N4.3b New Investment In Nigeria by AtkinsPlanet(m): 8:16am On Aug 20, 2017 |
I can see money in action |
Re: Unilever Plans N4.3b New Investment In Nigeria by Agimor(m): 8:16am On Aug 20, 2017 |
Those good old days of Unilever brothers. More investment more jobs. |
Re: Unilever Plans N4.3b New Investment In Nigeria by naturalman: 8:23am On Aug 20, 2017 |
Deji124: That is to tell you that the obi of Onitsha is not in the leaque of the Afonja agbero kings 3 Likes 2 Shares |
Re: Unilever Plans N4.3b New Investment In Nigeria by naturalman: 8:25am On Aug 20, 2017 |
Ehuatamuigunisi: Don't mind that dude.....he think that Igbo's crown Agberos that are illiterates kings... 3 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by naturalman: 8:27am On Aug 20, 2017 |
Ehuatamuigunisi: Don't mind that dude.....he think that Igbo's crown Agberos that are illiterates kings... Before you will be crowned a king in igboland...you must be an intellectual.... Igbo's don't just make anybody king.... That is why Igbo king do not walk around or talk anyhow like the yoruba kings 4 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by bulletproofmonk(m): 8:52am On Aug 20, 2017 |
kayDooo: Not necessarily. The Alake of Egbaland is the chairman of Oando and I definitely know he is not the highest shareholder. 4 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by Allwility: 8:58am On Aug 20, 2017 |
Deji124:He's also the chairman of Universal Insurance PLC. He sits on many boards and that's a good one for him. Kings sit on boards too and not just rule over their fiefdoms. Eg Emir Sanusi is the chairman of Black rhino, a subsidiary of the Black Stone Group. 1 Like |
Re: Unilever Plans N4.3b New Investment In Nigeria by anambra419: 8:58am On Aug 20, 2017 |
Splashme: Does your father have 4mil? 2 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by Allwility: 9:02am On Aug 20, 2017 |
anambra419:That was rude. Yes, I also dont think N4billion naira is that huge an investment to require all this publicity considering the fact that they are not raising the money from their company's earnings but from the N50billion rights issue. Any sound investor can see that Unilever is playing with figures here. What's driving their growth? Pricing actions and exchange rate cross savings are just technical terminologies unless they want to say the CBN is giving them dollars for raw materials at the official rate. If their H1 result is that fantastic, why dont they raise the money for the new project from their earnings? Watch their next year results and see if it would be this 'good'. |
Re: Unilever Plans N4.3b New Investment In Nigeria by Freeman147(m): 9:26am On Aug 20, 2017 |
Formerly called Lever Bro. - This Conglomerate and it's ilk were and have been the bane of the progress of the Nigerian Society and the African Continent. They are the greatest exponents of Africa's underdevelopment. By exploiting our resources and markets with their so called "Margarine" "Soap" "Cooking Oil" etc. Palm Oil a major industrial input, which Nigeria (former Eastern Nigeria) was dominant, was exploited and under developed, by exporting the raw materials to their metropoles, then bring back the finished product for sale to the African Continent. Do you not observe that the same structure is still being adopted today - viz Crude oil exploitation and its eventual importation back to us as a finished product viz PMS/Petrol. Did chesse(wara), Sher Butter(which is edible) not exist? Didn't Africans Have Black Soap(made from camwood and palm oil)? After many years of its operations in the most populous Black Country, and all its profits, this Centurian organization, has now deem it fit to build a 2nd grade factory with a paltry 4 bn factory, after realizing that its continuous importation will erode established profits as a result of the Forex situation, and ban on some consumable by the Buhari Administration. Africans must WAKE UP! 4 Likes |
Re: Unilever Plans N4.3b New Investment In Nigeria by Okoyiboz3: 9:30am On Aug 20, 2017 |
naturalman: Pls, don't disgrace your ancestors by comparing Yoruba kings with Igbo Kings. Apart from the Obi of Onitsha, there's no other King in Igboland. 9 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by naturalman: 10:08am On Aug 20, 2017 |
Okoyiboz3: Look at this dude....which yoruba king.. The Agbero oba of Lagos OR the oni of ife, with a second hand wife....which one |
Re: Unilever Plans N4.3b New Investment In Nigeria by Okoyiboz3: 10:14am On Aug 20, 2017 |
naturalman: That Oba of Lagos has more influence than all the traditional rulers of Igboland, their ancestors and their future generations combined. Have you forgotten it was the same Oba who commanded your ancestors to enter the lagoon and none of them could talk? As for the Ooni, he has more influence than all your worthless traditional gods you worship. 8 Likes 1 Share |
Re: Unilever Plans N4.3b New Investment In Nigeria by mikolo80: 10:20am On Aug 20, 2017 |
Freeman147:so you expect THEM to champion YOUR development? NOT their fault we're not ready. Not their fault yes all running to ready-made countries and refuse to delay gratification Not their fault our elders sold us into slavery. Not their fault that we refused to plant palm oil and set up factories instead we invest inscam bank shares and Mmm ponzi schemes time and time again |
Re: Unilever Plans N4.3b New Investment In Nigeria by victorDanladi: 10:41am On Aug 20, 2017 |
Okoyiboz3: And the oba of akure that gave one yIGBO claiming eze in akure some lashes in his palace |
Re: Unilever Plans N4.3b New Investment In Nigeria by Okoyiboz3: 11:02am On Aug 20, 2017 |
victorDanladi: The Oba of Akure put the arrogant piglets in their place. He gave them the home training which their parents refused to give them. 4 Likes 1 Share |
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