₦airaland Forum

LegendHero:
People wey no go get enough polling unit agent across voting centers in the next election.

When they lose, they will still say it’s rigging.

fergie001:
It has become an academic exercise because she was suspended in March, it's already past 6 months, every other thing now "Na less."

Dish:
While Other governors are signing lifetime packages for themselves.
Otti is signing lifetime packages for senior citizens.

Nigerians,
If we do not kîll APC, APC will kîll us all.

Bat is gallivanting the whole west and Europe to lobby for good PR instead of doing the right thing to stop the menace.

I pitty Nigeria as a Country..

Monday60655:
After squeezing every Kobo he stoled out of him, they will send it into your account right? Or an avenue for another looter to loot the looted fund?

ayusco85:
So we should believe you over Peter Obi. Stop smoking ganja you won't listen

Guyman02:
You are the one lying by saying what he didn't say

AMINDA:
So a man under investigation by the EFCC for embezzling 1.3 trillion naira has been appointed as the renewed hope ambassador by your man Friday. What does that say about your tin-god? Are we supposed to believe that the EFCC will still continue to pursue his case with as much gusto as they are currently doing with Malami and Ngige? What happened to the EFCC Chairman swearing to resign if he fails to convict Yahaya Bello?

AMINDA:
Ngige and Malami are in custody while Ifeanyi Okowa has been appointed as the renewed hope ambassador for the Southsouth. Yahaya Bello was last seen in Osun state just days ago campaigning for the APC candidate. What further evidence do you require that will stop you from continuing to borrow your head in the sand?

AMINDA:
If it were true that Buhari pleaded with Tinubu not to persecute his ministers, why did Tinubu began prosecuting Hadi Sirika who is from the President’s homestate while Buhari was still alive? Why is Ngige, the minister of Labour being prosecuted but Keyamo, his co-minister continues to be a minister under Tinubu? Buhari will never shield even Yusuf, his own son from prosecution and he will never beg of that from Tinubu. Did Buhari also beg Tinubu to stop prosecuting Yahaya Bello and Ifeanyi Okowa who have bent the knee?

You speak of monumental corruption under Buhari but Tinubu has surpassed all loans taken by Buhari while still failing to fund the 2025 budget, with no projects to show beyond saying governors got record revenues. Did he borrow to hand over the monies to the governors? Buhari executed visible projects with his own loans and still managed to pay subsidies.

AlphaBoy:
Nairaland, abeg help me judge this matter because I no wan deceive myself.

There’s this female friend of mine in school. We read together, buy snacks for each other, gist, and I usually walk her home after night class. Cool friendship, nothing serious… or so I thought.

But recently, she has been acting somehow:
One day she told me she feels blessed to have me and even called me her role model.
Anytime we finish reading late, she insists I must walk her home.

One night, she pointed at a bus stop and said she once saw a couple kissing there. Then she faced me and dropped this line: “It’s you that don’t want to love.”

If I ghost her small, na she go enter my DM first like, “You no wan talk to me again?”
And one day she directly asked me: “Why are you running from me?”

Make una no forget — I liked her initially but didn't want to push it yet , I don’t know if she’s catching feelings.

So nairalanders, make una talk true:
This girl like me abi she just dey whine me?
Or na me dey overthink am?

PZ Cussons on Wednesday announced that it is retaining its Africa business and sets out ambitious growth plans for the business, citing growth in its core business in Nigeria, Kenya, and Ghana.
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“…The fact that the Nigerian business has, since FY22, more than doubled the number of stores which it serves directly, has been a major contributor to the business’s growth in recent years”, it said in a statement published on its official website.

In April 2024, PZ Cussons announced plans to conduct a strategic review of its Africa operations. As part of the review, the Group announced the sale of its 50% equity interest in PZ Wilmar Limited, its non-core edible oils business in Nigeria, to Wilmar International Limited, its Joint Venture partner, for a total consideration of $70 million.

However, the company said after a review, its board “concluded that the offers received did not reflect the inherent value of the business and that the greatest value for shareholders will be created by retaining the business and building a Group portfolio balanced between its Developed markets of UK and ANZ and its Emerging markets of Indonesia and Nigeria”.

The company said it is expanding into new category adjacencies, including a focus on men’s grooming and beauty, with the existing brands of Venus, Imperial Leather, and Premier.

It is also considering expansion in other African markets, which will be served from its existing footprint in Nigeria and Kenya.

“The strategy is based on the significant long-term opportunity in Africa, where population is forecast to grow by more than 900 million over the next 25 years, representing over half of total global population growth.

“Nigeria’s population alone is forecast to increase by over 100 million, further benefitting from urbanisation and rapidly growing middle classes. Recent economic and currency trends have been more favourable, supporting strong, double-digit revenue growth in our Africa business in the first half of the financial year.

“The Board is confident that PZ Cussons is well placed to succeed through leveraging local insights and its brand heritage.

“The business will continue to benefit from its scale in manufacturing and route-to-market expertise, particularly against a competitive landscape which has seen a number of multi-nationals exit the market in recent years.

“Nearly 80% of Nigeria’s revenue is generated from brands holding #1 or #2 positions in their categories.”

It, however, said given the historic volatility of the Nigerian business and the inherent risk associated with operating in the market, the Group has put in place a set of operational and financial measures to reduce risk associated with any future currency volatility or business disruption.

“These largely relate to foreign exchange management and to the generation and use of cash. Adherence to these guardrails will be reviewed by the Group’s Board at all of its regular meetings.”


The Group had previously announced its intention to divest £30 million of surplus assets across the Group, of which the majority are in Africa.

As part of the strategic review, the Group said it has identified £7 million of further non-core assets in Africa, proceeds from which are expected to be realised during the current financial year. In addition, the Group sees scope for further opportunities for property optimisation over time.

“More broadly, the Group will continue to take steps to simplify its business as it looks to drive its winning portfolio of locally-loved brands, with a focus on its core categories of Hygiene, Baby and Beauty.”

Commenting on the development, Jonathan Myers, Chief Executive Officer of PZ Cussons, said: “Since embarking on the strategic review of Africa, we have identified or agreed the sale of non-core or surplus assets totalling over £70 million.

“This, combined with continued cash generation of the Group, has significantly strengthened our balance sheet. After a thorough review of the remainder of the Africa business and careful evaluation of the offers received, the Board believes it is in the best interest of our stakeholders to retain the business.

“Africa is a market of great opportunity. Given PZ Cussons’ deep heritage there, and given the strength of our brands and operational capabilities, we are well-placed to win over the longer term. Benefitting from a more stable economic environment in recent months and with positive fiscal reform, momentum in our Africa business is strong, with double-digit revenue growth in the first half of the financial year.

“We will now look to build on this strong performance and extend our category leadership, with nearly 80% of our revenue in Nigeria already coming from brands with #1 or #2 positions.

“With plans underpinned by appropriate guardrails – established to reduce risk and manage volatility – we are confident that we have a business that is set up for success.

“We expect Africa to be a significant contributor to overall Group revenue growth as we seek to build a winning portfolio of locally-loved brands, balanced between Developed and Emerging markets.”

olabrad:
Fahaola said electricity is not rocket science, but he proved to be a failure as minister of electricity!

otipoju:
Na boredom cause this one ooo.

E be like sey Tinubu no just look hin side at all...just kuku return to the beginning.

I used to respect him so much until I realized that he is not any different from the others.