The same company formally known as "Niger company" that sold Nigeria to the British for 865,000 pounds in 1900?

Immediately I saw obi of onitsha, I know those Biafran baboons will chest beat over nothing

mikolo80:
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

He never said it was their fault. AFRICANS WAKE UP!" .... that's what he is shouting about....but we still not listening. ...we're still sleeping... seeing this as development when it is in fact exploitation... and we still wonder why Africa is underdeveloped.
Hmmmm.... we are so special...soooo proud.... how honored we must be.... how blessed to have the head of Lever...the top dog... to see it fit to visit Nigeria Africa's biggest economy to announce plans for a N4 billion multi billion Naira plant here in Nigeria....money that will be raised by us...to benefit them... Wow!... this news flash makes me feel soooo proud to be Nigerian!....a welcomed development! Really? I wonder why they didn't try this in China?

excel127:
Still don't know what to do with this piece of info

look for business opportunity. How you can tap into the supply chain

Originalsly:
He never said it was their fault. AFRICANS WAKE UP!" .... that's what he is shouting about....but we still not listening. ...we're still sleeping... seeing this as development when it is in fact exploitation... and we still wonder why Africa is underdeveloped.
Hmmmm.... we are so special...soooo proud.... how honored we must be.... how blessed to have the head of Lever...the top dog... to see it fit to visit Nigeria Africa's biggest economy to announce plans for a N4 billion multi billion Naira plant here in Nigeria....money that will be raised by us...to benefit them... Wow!... this news flash makes me feel soooo proud to be Nigerian!....a welcomed development! Really? I wonder why they didn't try this in China?

have you been to China to see that they don't have plants there?? Ignorance makes one sound silly!

Okoyiboz3:


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.

There is a different between influence and toutish life

mikolo80:
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

@mikolo80 you see, your defeatist mentality is shocking! What do you mean that we are not ready? That we did not plant Palm oil?

What do you know about Capitalism, Globalization and Structural Adjustment Program (SAP)? What do you know about zero sum trade, Free Trade Zone? What do you know about Mercantilism and Free Market?

When leaders like Awolowo was supporting the Agbekoyas during the popular uprising against international benchmark for pricing Cocoa beans using dollar increase and the over supply of cocoa leading to a crash of price, thus reducing our estimated earnings.

The sad thing is not that we ain't ready, but the saboteurs, and enemies within. Everything we import today, we were able to manufacture pre and post independence, till the early eighties, when the Reaganomics and the Brentton woods institutions began to "Seduce" our un-ideological leaders like Babangida, Mobutu, etc.

Did we not manufacture Tire (Dunlop), Vehicles (VW,PAN), Ajaokuta, Textiles, Refineries, first TV station in Africa and Eastern Europe(WNTV) So what do you @ mikolo80 mean by "WE ARE NOT READY"

African/Nigerian Youths - Emancipate yourselves from Mental Slavery.

When was Christmas first celebrated in Nigeria, and under what circumstances? The Stock Exchange that Unilever intends to raise the funds from also negates and form of Foreign Direct Investment (FDI).

This is a face down, Ya@#$h up thing... Let's believe in our selves.... Africa is the NEXT FRONTIER, and we must not allow history repeat itself.

Unilever, Royal Niger Company (UAC), Nestle, Mikano, John Holt, Leventis, Lister etc These Corporations run a global CORPORATOCRACY- THEY ARE THE MASTERS- THEY ARE AFRICAS GREATEST PROBLEM. THEY ARE THE REASON WE CANT GENERATE POWER, SO THEY CAN CONTINUE TO GIVE AN EXCUSE FOR IMPORTS, AND NON-VIABILITY OF SETTING UP SHOP HERE. THEY ARE THE REASON INDIGENOUS COMPANIES CANT COMPETE WITH THEM BECAUSE OF THIS CUT-THROAT, CANNIBAL CAPITALISM.

cc @Originalsly

kayDooo:
Nice one. We leads others follow

After dismantling the refinery at Agbara factory and relocating it to Ghana. Another capital flight is in sight! I thought Ghana is to produce Blue Band for the entire West African sub region.

International mago mago.

Allwility:

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'.

Your brain dey there!

The Britons are very brash and crude when it comes to business. Watch them bring in obsolete machines just to cart money away from the system.

Okoyiboz3:


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.

Please add that the Ooni was a big real estate investor who chaired the Gran Imperio Group before he became king. He was also involved in Engineering, Procurement and Construction (EPC) abroad. His projects include Jacob Mews estate in Yaba, Lagos. Southpointe estate, Northpointe estate, Lakeview Park 1 and 2, The Grande Lake estate, Golden Leaf Estate, Yello estate, Midland estate all in Lekki.

He's also the developer of Inagbe Grand Resort and Leisure. A first of its kind resort on over 3 million square meter within a 100 kilometer stretch along the Atlantic Ocean. Located just few minutes away from Victoria Island, Lagos.

froz:
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/

It's alright, you are welcome back.
Na you run go, by yourself you wan run enter again.
Soldier come soldier go, barracks dey.

Master19:
The same company formally known as "Niger company" that sold Nigeria to the British for 865,000 pounds in 1900?

You too dey jump. It was "Royal Niger Company". And it wasn't Unilever it evolved into. It was UAC.

naturalman:


That is to tell you that the obi of Onitsha is not in the leaque of the Afonja agbero kings

King Obateru, chairman of Obat oil will buy your obi of onitsha 100 times over.

vicadex07:


King Obateru, chairman of Obat oil will buy your obi of onitsha 100 times over.

Stollen oil.....criminals...

Agbero work

I just hope this would at last mean dividends to share holders; forgotten when they last paid out; no longer bother to check since the NSE stock crash.

bulletproofmonk:


You too dey jump. It was "Royal Niger Company". And it wasn't Unilever it evolved into. It was UAC.

Thanks for the answer. l will read it up

Freeman147:


@mikolo80 you see, your defeatist mentality is shocking

So telling the truth is defeatis
I see

! What do you mean that we are not ready?

Are we where we should be?
Are we moving forward or backward?
Is Malaysia Singapore Dubai South Korea not our mate economically in 1960?
please face reality
We're not serious and we need to be. We have everything to develop except serious human beings.

That we did not plant Palm oil?

Show me where we planted the palm oil
And who stopped up from doing so

What do you know about Capitalism,

SeparatiNG stupid ppl from the money

Globalization

Country scale capitalism

and Structural Adjustment Program (SAP)?

Less import
More export
Free floating exchange rate.
Selfish leaders stole the money for the program and put up in debt

What do you know about zero sum trade,

One must lose for another to gain

Free Trade Zone

No taxes

? What do you know about Mercantilism and Free Market?

Not for lazy ppl

When leaders like Awolowo was supporting the Agbekoyas during the popular uprising against international benchmark for pricing Cocoa beans using dollar increase and the over supply of cocoa leading to a crash of price, thus reducing our estimated earnings.

You didn't complete your thought. Are you asking a question or making statements. What's your point.?

The sad thing is not that we ain't ready

What I said

, but the saboteurs, and enemies within.

So if there is saboteur in your house or company you will give us and go with the wind abi? I see

Everything we import today, we were able to manufacture pre and post independence, till the early eighties, when the Reaganomics and the Brentton woods institutions began to "Seduce" our un-ideological leaders like Babangida, Mobutu, etc.

And we were looking upon all the school and alphabet soup we get. Mtscheeeeeeeeew

Did we not manufacture Tire (Dunlop), Vehicles (VW,PAN), Ajaokuta, Textiles, Refineries, first TV station in Africa and Eastern Europe(WNTV) So what do you @ mikolo80 mean by "WE ARE NOT READY"

We didn't manufacture Shishi. Oyinbo did. We just worked there for a pittance.
Does that sound ready to you.?

African/Nigerian Youths - Emancipate yourselves from Mental Slavery.

These ones popping champagne and Moet
NakedIng themselves for likes and auditioning for big brother and Malvina dance hall and singing competition upandan

Good luck

When was Christmas first celebrated in Nigeria, and under what circumstances? The Stock Exchange that Unilever intends to raise the funds from also negates and form of Foreign Direct Investment (FDI).

Lost me here bro

This is a face down, Ya@#$h up thing

You sure say no be yansh down join

... Let's believe in our selves.... Africa is the NEXT FRONTIER, and we must not allow history repeat itself.

Yep and the hordes are at the gates
And we're welcoming them with open arms.
I almost weep.

Unilever, Royal Niger Company (UAC), Nestle, Mikano, John Holt, Leventis, Lister etc These Corporations run a global CORPORATOCRACY- THEY ARE THE MASTERS- THEY ARE AFRICAS GREATEST PROBLEM. THEY ARE THE REASON WE CANT GENERATE POWER, SO THEY CAN CONTINUE TO GIVE AN EXCUSE FOR IMPORTS, AND NON-VIABILITY OF SETTING UP SHOP HERE. THEY ARE THE REASON INDIGENOUS COMPANIES CANT COMPETE WITH THEM BECAUSE OF THIS CUT-THROAT, CANNIBAL CAPITALISM.

cc @Originalsly

r
[/quote]


[quote] what stops us from setting up our own jaegers to stare ten down. A hundred dangotes is all we need.

Or is he not an indigenous company.
Is he not competing.

Originalsly:
He never said it was their fault. AFRICANS WAKE UP!" .... that's what he is shouting about....but we still not listening. ...we're still sleeping... seeing this as development when it is in fact exploitation... and we still wonder why Africa is underdeveloped.
Hmmmm.... we are so special...soooo proud.... how honored we must be.... how blessed to have the head of Lever...the top dog... to see it fit to visit Nigeria Africa's biggest economy to announce plans for a N4 billion multi billion Naira plant here in Nigeria....money that will be raised by us...to benefit them... Wow!... this news flash makes me feel soooo proud to be Nigerian!....a welcomed development! Really? I wonder why they didn't try this in China?

Toh
4 billion sound big to average Nigerian that can't get 18k a month

mikolo80:



Are we moving forward or backward?

Yep and the hordes are at the gates
And we're welcoming them with open arms.
I almost weep.

r.

HIstory repeating itself but we are too blind to see close our eyes. ..we don't want to see. .

Originalsly:
HIstory repeating itself but we are too blind to see close our eyes. ..we don't want to see. .

so you see were not ready