Asari dokubo

hashtagged:
I will be ok, Jesus would take care of it.

Don't fear those who can only kill the body rather fear those who can kill both body and soul in hell.

Idaaan do give up already!

After audit it will be offset by exchange gains from their usd balances or assets bought in usd or euros 😅

FOJEM:
Na lie!
This condition no dey affect big people or big companies!!!

Ronu oooo!!!
Lele lele lele!!!!
Baby, oya Ronu oooo!!!!!!
La lala lala!!!!!

Is really crazy

MichaelSokoto:

Idaaan do give up already!

I would never joke with this. If I believe I would see his glory.

EmekaMD:
Time to buy shares

You nor fear unemployment self

EmekaMD:
Time to buy shares

That is if you want to become a majority shareholder in Unilever Nigeria and to basically cut it off as a separate independent company with a ne management.

Sirseedorf:
Make them no sack any worker o, that is my fear.



May God and our sense see us through.

They're not father xmas. Hope you know

Douglad:


Tell me the competition that instantly destroyed 3/4 of their profits in the twink of an eye.

Twinkle of an eye? You think this gambling?

baralatie:

Which competition?

Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.


When was the last time you personally use some of these products?

Omo has competition in brands like good mama, sunshine etc. When was the last time you went to market to buy omo?

Do you cream with Vaseline when there is Nivea?

Is anyone using royco to cook?

Close up is not standard anymore, you have oral b, sensodent etc.

Simple google will help you out.


All Unilever products are not standard household products anymore.
Competition means less profit.
It's not rocket science.

NinjaMetahuman:
Twinkle of an eye? You think this gambling?



Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.


When was the last time you personally use some of these products?

Omo has competition in brands like good mama, sunshine etc. When was the last time you went to market to buy omo?

Do you cream with Vaseline when there is Nivea?

Is anyone using royco to cook?

Close up is not standard anymore, you have oral b, sensodent etc.

Simple google will help you out.


All Unilever products are not standard household products anymore.
Competition means less profit.
It's not rocket science.

But all these other brands did not come out last year. Please throw more light

Yes I know, but don't you think it is better to reduce salary of an employee than being sacked sometimes.




@Eriokanmi

NewFolm4:
Do they expect miracle to happen when they opted out of business voluntarily. Awon werey

What do you mean they opted out of business? Educate me please.

NinjaMetahuman:
Twinkle of an eye? You think this gambling?



Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.


When was the last time you personally use some of these products?

Omo has competition in brands like good mama, sunshine etc. When was the last time you went to market to buy omo?

Do you cream with Vaseline when there is Nivea?

Is anyone using royco to cook?

Close up is not standard anymore, you have oral b, sensodent etc.

Simple google will help you out.

I still see close up and Lipton,persil Vaseline.


And the report has said increased cost of sales due to raw materials and co.

It is the same problem that is facing Ariel which are basically manufacturers of international brand products.this is different from imported products from asian destinations which do not have to face local production problem(other than exchange rate and custom tax)



As an example,when last did you see zeem or dudu osun in the market

That is not true. Unilever lost out to competition

rogerman:
But all these other brands did not come out last year. Please throw more light

Unilever didn't suddenly lose their profit.
It's an ungoing process. Inflation also added to their problem. People going for cheaper stuffs from competition. For example, 1kg of blue band is around 5k, and you can get same 1kg of golden penny butter for 3500 but less quality. Ofcos people will go for the cheaper butter.

This has been happening gradually..

That's why the likes of dangote will do everything to stifle competition. He targets market he can monopolize and continue to dominate the market.
That's why he failed woefully with his noodles and ran away from it, but declaring billions of dollars in profit from cement.

You think people won't rush any serious cement company currently selling cement for 3k as against dangote own of 6k even if it's less quality?

Sirseedorf:
Yes I know, but don't you think it is better to reduce salary of an employee than being sacked sometimes.




@Eriokanmi

You don't want the company to also fold up naw. There's no emotion in business bro

baralatie:

I still see close up and Lipton,persil Vaseline.


And the report has said increased cost of sales due to raw materials and co.

It is the same problem that is facing Ariel which are basically manufacturers of international brand products.this is different from imported products from asian destinations which do not have to face local production problem(other than exchange rate and custom tax)



As an example,when last did you see zeem or dudu osun in the market

Yeah you see them but are you buying them?

In the past, they are standard, you either buy omo, Vaseline or you go for way more expensive product. It's not the case anymore..


Cost of material is not the reason they are losing money, you sell what you buy.

Other companies are also buying same raw materials and they are doing fine..

They just couldn't compete with those companies interms of lowering their quality to meet the purchasing power of Nigerians who are dealing with inflations..

Alright I got you, though am not a business man, but soon am aspiring to be.




@Eriokanmi

NinjaMetahuman:
Twinkle of an eye? You think this gambling?



Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste.


When was the last time you personally use some of these products?

Omo has competition in brands like good mama, sunshine etc. When was the last time you went to market to buy omo?

Do you cream with Vaseline when there is Nivea?

Is anyone using royco to cook?

Close up is not standard anymore, you have oral b, sensodent etc.

Simple google will help you out.


All Unilever products are not standard household products anymore.
Competition means less profit.
It's not rocket science.

You are right , however they forgot this is Nigeria , a degenerated third world nation . Doing business with the highest standard and quality control would push them out of business .
They should do the Indian and Lebanese way and they would stay afloat , at least a large extent.
Hypo for example is an acid , under the best practice anywhere in the world , it is not supposed to be in a sachet , but in a bottle .
Hypo nearly pushed Harpic out of business until they realized , though late but better late than never .
Now Harpic toilet wash is now sold in sachets , just to compete .
Nigeria Ehnnn .. you go wuse by fire by force

Insult from youraba muouslems RONU mis+creants don reduce oo them no see fuel charge their itel 22,500 naira phone for whatsapp and Facebook sub only 😆😆😆😆😆


we want to teach Peter Obi lesson 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

What about the impact of realized and unrealised foreign exchange losses? That should also be a major factor for companies that import their raw materials and goods from foreign countries. The only option is to increase the price of goods that will be sold in 2023.

APC is a total disaster

HNICEARTH:
Tinubonomics. Jagaban the master strategist. The only first class accountant.

This Unilever 72.9% decline in pre-tax profit shall favor me and my family.

😊😊😊
That photo of that man jogging and and the sentence with it always makes me laugh

integrity16:


What do you mean they opted out of business? Educate me please.

They stopped production of home care and skin cleaning consumables like sunlight detergent, Omo detergent, lux etc around April 2023.
Now they are crying

Sunnyski:
This is just the beginning unless PO is made president.

So Tinubu who was sworn in in May is responsible for the poor Q2 result of unilever??

Farabale....

Whobedatte:

You are right , however they forgot this is Nigeria , a degenerated third world nation . Doing business with the highest standard and quality control would push them out of business .
They should do the Indian and Lebanese way and they would stay afloat , at least a large extent.
Hypo for example is an acid , under the best practice anywhere in the world , it is not supposed to be in a sachet , but in a bottle .
Hypo nearly pushed Harpic out of business until they realized , though late but better late than never .
Now Harpic toilet wash is now sold in sachets , just to compete .
Nigeria Ehnnn .. you go wuse by fire by force

hehehehe I can testify to the hypo own

I stopped buying harpic cos hypo satchet is just to convenient.

Just pour one or 2 satchet and you are good to go unlike harpic big bottle that you will still use twice.

EmekaMD:
Time to buy shares

Which shares be that?

DeTribalisedCit:


https://nairametrics.com/2023/07/24/breaking-unilever-nigeria-plc-reports-72-95-decline-in-pre-tax-profit-as-economy-bites/

Unilever is unique.

The problem with Unilever is that customers have abandoned most of their products for other products particularly locally made alternatives For instance for years my wife only used Ariel or Persia for the washing machine. I used to complain the clothes sometimes don’t feel like they’ve been washed. It got to a point she ordered boxes of detergents from the auk. Now she discovered Klin because they were doing promo (I don’t work for them and I am not associated with them). For the last few months we have been using Klin. She swears by Klin and even I have noticed the difference. The competition for FMCG is very competitive. Most of their products have very good Nigerian owned alternatives/rivals. Local manufacturers are upping their game and they are not keeping up. Go to any supermarket and see the choices available in traditional Unilever segments.

I am not saying there aren’t problems in the Nigerian economy, but Unilever’s problem is their products are not competitive and people are abandoning their products.

The Ariel they sell in Nigeria is inferior to the foreign Ariel. You wash and the armpits will still smell. Complacency and entitlement is what is killing Unilever. Many people do not know that Unilever (Royal Niger Company) once owned southern Nigeria (I mean owned as in
owned by law), they are the reason Nigeria was colonized, as they eventually sold Nigeria to the British Government. They had their hands in every pie. UAC, Unilever and many others are legacy companies of the Royal Niger company. But for complacency, they should be the biggest company in Nigeria today.

NinjaMetahuman:
Yeah you see them but are you buying them?

In the past, they are standard, you either buy omo, Vaseline or you go for way more expensive product. It's not the case anymore..


Cost of material is not the reason they are losing money, you sell what you buy.

Other companies are also buying same raw materials and they are doing fine..

They just couldn't compete with those companies interms of lowering their quality to meet the purchasing power of Nigerians who are dealing with inflations..

Apart from Unilever,Procter and gamble ,pz,cussons ,r&k
Which other company that is into FMCG that has its industries in Nigeria

Despite the increase in prices, their products are incomparable in quality,their exit give others to thrive with their substandard product

casualobserver:


Unilever is unique.

The problem with Unilever is that customers have abandoned most of their products for other products particularly locally made alternatives For instance for years my wife only used Ariel or Persia for the washing machine. I used to complain the clothes sometimes don’t feel like they’ve been washed. It got to a point she ordered boxes of detergents from the auk. Now she discovered Klin because they were doing promo (I don’t work for them and I am not associated with them). For the last few months we have been using Klin. She swears by Klin and even I have noticed the difference. The competition for FMCG is very competitive. Most of their products have very good Nigerian owned alternatives/rivals. Local manufacturers are upping their game and they are not keeping up. Go to any supermarket and see the choices available in traditional Unilever segments.

I am not saying there aren’t problems in the Nigerian economy, but Unilever’s problem is their products are not competitive and people are abandoning their products.

The Ariel they sell in Nigeria is inferior to the foreign Ariel. You wash and the armpits will still smell. Complacency and entitlement is what is killing Unilever. Many people do not know that Unilever (Royal Niger Company) once owned Nigeria, they should be the biggest company in Nigeria today.

Ariel is Procter and gamble not Unilever product