Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,493 members, 7,830,491 topics. Date: Thursday, 16 May 2024 at 11:29 PM

PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets (14262 Views)

140-yr-old PZ Cussons Considers Leaving Africa Over Nigeria’s Sales Plunge / New CBN Policy Offload Risks And Liabilities Of Transaction On Customers / PZ Cussons Nigeria Beats The Odds (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by HeroicMeastro: 6:17pm On Feb 21
AqualinaXYZ:
If not for tribalism Tinubu isn’t fit to be a ward councilor





But his people packaged a dunce with zero brains on us




My question is where’s Mamood Yakubu the INEC chairman




I hope he’s very happy with how Nigeria is today
Should Mahmood have announced Atiku who came second? What's his crime?
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by dawood5solomon: 6:19pm On Feb 21
Tinubulation is real. Ebin Pa everybody and baba no send every every. We are currently in renewed shege, by the time we reached renewed shege banza, we no go see mandate to stand on.Tinubulation is real. Ebin Pa everybody and baba no send every every. We are currently in renewed shege, by the time we reached renewed shege banza, we no go see mandate to stand on....
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by Bigkoko: 8:13pm On Feb 21
So scary to imagine that Nigeria will collapse under Asiwaju! That's the path Nigeria is heading!



Ckonnet:
We will keep standing on your manhood baba.

Floating of the naira without due consultation was the most stupid act of the century.
These idiots didn't even consider the ripple effect of that single action, I can forgive them for subsidy removal but floating of a weak currency just like that, is too dumb for my liking.
They didn't consider the fact that money in savings or fixed deposit and other instruments will loose value, imagine your millions in your account 7months ago has just loose more than 70% of it's value. Unbelievable!!!
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by Bigkoko: 8:15pm On Feb 21
grin grin grin grin.....these was what do many companies saw many years ago, when they started leaving in droves!

nony43:
73 billion loss in 6 months? They should just shut down before the company will be worth next to nothing.

1 Like

Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by Bigkoko: 8:17pm On Feb 21
Dangote can not operate the refinery. It will be like Ajaokuta steel, big for nothing!


Thinktwicemybro:
Many companies will close down in Nigeria before June. Even dangote cement will close down. His refinery will shut down.

All the he lies and money they ate over the years will come hurting them.
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by ceejay80s(m): 9:15pm On Feb 21
Is this bastard of a president sleeping? Or he just wants to be emilikan?
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by ComeToJesus: 10:43pm On Feb 21
These are companies that were doing well before the leprous APC set sail.

Go to Oba Akran in Lagos, all those multinationals have japaed from Nigeria because of the wobbly and fumbling APC misfits.

Shoe get size abeg..
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by Chiefpriestt: 8:36am On Feb 22
Moyinoluwa35:
Why are igbos happy with the downfall of nigeria
Shut your mouth ode
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by VanuatuWycombe: 12:26pm On Feb 22
The company don get k-leg teytey.
Dem just dey use the brand to sell in Nigeria. The original brand owners don sell their stake to some Greece guys who are only paying royalties to PZ, using the name and its IT support facilities.
All those mamadol oil dem no be from PZ. Na from some Indian investors.

I was privy to see some internal numbers very long time during that very early period of Covid-19.

Na only Stella Pomade dey carry the company for up North and it’s because of Harmattan. Rob ointment don dai.

Down south here, na TEC (all those Thermocool dem) appliances dem take dey see front.

Who dey use Imperial soap again? What of Nku cream?

No thanks to their procurement, sales, marketing, engineering and finance guys.
Those departments can finish Apple or Nvidia if they are to set up in Nigeria.
The guys are fantastically corru;pt. And that’s how it is across most companies in Nigeria.
Government agencies (customs CBN etc) too helped in the k1ll!ng o.

That’s why Rite Foods didn’t allow any of those sensitive posts I mentioned above to be occupied by outsiders. Fact-check me, all those posts were held by the man’s children at Rite Foods.

Summary: it is not this present government that kee those companies o. Na our greedy employees dey kee those multinationals o.

2 Likes

Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by VanuatuWycombe: 12:36pm On Feb 22
ComeToJesus:
These are companies that were doing well before the leprous APC set sail.

Go to Oba Akran in Lagos, all those multinationals have japaed from Nigeria because of the wobbly and fumbling APC misfits.

Shoe get size abeg..

You are a baby. Those companies on Oba Akran were long dead even before we returned to democratic rule in 1999.

Dunlop and Michelin tyres all left long ago before 1999.

Only Guinness survived it before they went moribund too. That’s why Guinness joined the league of aphrodisiac drink producers and started bottling Orijin, the moment it noticed all those Pakurumo, Monkey Tail etc bottlers are smiling to banks.

Na employees too finished Guinness - 90%. Go and find out.
These employees are experienced and they easily get another job. Once they have finished a company, they port to another one.
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by ComeToJesus: 1:04pm On Feb 22
VanuatuWycombe:


You are a baby. Those companies on Oba Akran were long dead even before we returned to democratic rule in 1999.

Dunlop and Michelin tyres all left long ago before 1999.

Only Guinness survived it before they went moribund too. That’s why Guinness joined the league of aphrodisiac drink producers and started bottling Orijin, the moment it noticed all those Pakurumo, Monkey Tail etc bottlers are smiling to banks.

Na employees too finished Guinness - 90%. Go and find out.
These employees are experienced and they easily get another job. Once they have finished a company, they port to another one.

Mr Methuselah, how about these ones? Is Oba Akran the issue here?

GlaxoSmithKline.
Unilever
Sanofi.

Were Michelin and Dunlop the only companies along Oba Akran?
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by VanuatuWycombe: 3:57pm On Feb 23
ComeToJesus:


Mr Methuselah, how about these ones? Is Oba Akran the issue here?

GlaxoSmithKline.
Unilever
Sanofi.

Were Michelin and Dunlop the only companies along Oba Akran?

Those guys just left. GSK will leave this April 2024. Sanofi will leave after it has finalized its yearend account in 2024/2025.

Any company that left could have left, majorly, because of their Nigerian employees k1lled over 60% of the business.

Government agencies like NAFDAC, CBN, customs too k1ll businesses with their attitude.

Go and find out well. Those multinationals like GSK, P&G etc that left don’t like to br1be. That’s why they are leaving. Any ones not leaving among those multinational and Lebanese or Indian or Chinese companies br1be our government official to get many things done.

I have worked with 4 solid multinational for over 20 years and I know how they operate.

Mind you, kalatobo: Unilever didn’t leave. It only sold a business division, which is its Detergents Division. I said you are olodo. The division that was sold was already old and Unilever felt it’s time to let it off its books.

Stop listening to Koko Inu Iwe Iroyin.

1 Like

Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by BrighterSyde: 7:11am On Feb 25
Moyinoluwa35:
Why are igbos happy with the downfall of nigeria

Don’t mind this idiotic ibo people. They irritate me so much. If not that Yorubas are still so daft that they will vote in tinubu again and again if they have the chance will Ibos be able to talk like this?
Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by coputa(m): 8:27am On Feb 25
Rantingpiglets:
This is the FOOOOL that

Built Lagos
Is a strategist
Is a master accountant
Is a financial guru


According to failures that claim to be SOPHISTICATED.
Fact is that Tinubu worked in Lagos but then he was young, strong, versatile and healthy.

The one we have now is old,weak and sick

1 Like

Re: PZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets by coputa(m): 8:32am On Feb 25
No manufacturing company can survive in Nigeria now, given the harsh economic conditions

(1) (2) (3) (4) (Reply)

Can Loan Apps Debit Your Bank Account Without Your Approval Or Consent? / Tax Evasion: Customers Stranded As Kano Seals Five GT Bank Branches / How Profitable Is Baking/Catering Business?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.