₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,331,184 members, 8,449,005 topics. Date: Tuesday, 21 July 2026 at 08:24 AM

Toggle theme

PZ Cussons To Leave Nigeria, Aba Factory Faces Closure - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessPZ Cussons To Leave Nigeria, Aba Factory Faces Closure (27627 Views)

1 2 3 4 5 6 Reply (Go Down)

Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Bimpe29(m): 8:55pm On Sep 20, 2024
Tinubulation is a critical push factor for our macro economics crisis.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by osayuwamwen(m): 8:57pm On Sep 20, 2024
Exactly my thoughts, these multinational companies are even taking away our scares dollar to their home country it is better government start looking inward rather than chasing after foreign investors,
Omoapena:
This is sad, and at the same time, a big opportunity for a billionaire to venture in same line of production
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by AmalaAtiEwedu: 9:02pm On Sep 20, 2024
maasoap:
Oh, I'm now from the south east? Tinubu is a disaster
Tinubu is your messiah
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Xtraterestial:
APC is done in presidential level very Bad legacy .
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Basicend: 9:09pm On Sep 20, 2024
Melagros:
COMRADES, Tinubu has come to destroy Nigeria, nothing else
Absolutely.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by NADESMAN: 9:10pm On Sep 20, 2024
Ezewuzie01:
Due to the harsh economic reality in Nigeria and insecurity which causes Monday sit at home especially in Abia state that hosts their soap and detergent unit, long-time multinational PZ cussons is finally leaving the country..



https://punchng.com/fx-crisis-pz-cussons-to-sell-nigeria-subsidiaries-others/
So you did not read where it was stated due to high exchange range rate which has increased more than 70%.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by foleskay(m): 9:21pm On Sep 20, 2024
Remain Procter and Gamble. P&G. The day that one goes will be end of job opportunities in ibadan!!
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Kingzjayzee: 9:48pm On Sep 20, 2024
Another one down. Next!...

Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by TOPCRUISE(m): 9:48pm On Sep 20, 2024
Maybe some Pastors will buy the factory to be used for church purposes
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by udomonday: 9:53pm On Sep 20, 2024
Wahala dey o.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Nobody: 10:18pm On Sep 20, 2024
AK481:
How many indigenous firm have replaced GSK ?

Why are indigenous firm waiting for a company to die before they invest .

Don't act dull
You're very shallow, do you think indigenous firm will compete over international firm that already made market penetration, now is the best period for indigenous firm to enter into the market, no much competition...
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Polchiz(m): 10:34pm On Sep 20, 2024
Newsmills:
Monday sit at home is a product of Mr Tjnubu also-lets tell ourselves a simple truth,whenever,you prefer your neighbour's garden more when yours is burning-is a curse
The company never mentioned Monday sit at home. The OP just wanted to fool himself.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Polchiz(m): 10:35pm On Sep 20, 2024
foleskay:
Remain Procter and Gamble. P&G. The day that one goes will be end of job opportunities in ibadan!!
P&G has gone since.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Realtruth2023: 10:45pm On Sep 20, 2024
wickedclown:
Which one came first oga... Was it the fluctuations or the insecurity caused by the senseless unknown gun men
It was not insecurity Oga stop all this games of misinformation abeg. Guiness has a brewery in Aba but they have sold their business and left too. Was it UGM?
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Realtruth2023: 10:47pm On Sep 20, 2024
AmalaAtiEwedu:
This is not Tinubus fault at all.
how can they operate when IPOB are doing sit at home every day? grin
Oga it is not IPOB, you people are trying to use misinformation to hide the truth. The real reason is the volatility in the exchange rate which was due to Tinubu's wrong policy of floating the naira. Guiness also had a brewery in Aba and they also sold their business was it also IPOB? You people should rest and stop lying to Nigerians.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Zool6: 10:49pm On Sep 20, 2024
Over 50 companies seated in Ogun and Lagos including Rekit etc are they coused by seat at home too?,,Nigeria is bleeding stop capping
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Realtruth2023: 10:50pm On Sep 20, 2024
AmalaAtiEwedu:
Ekpa is your hero grin
Epka for presidentgrin
Burn all the petrol stations in the south east grin
sit at home every monday.. sit at home whenever he wants. grin
south east will grow this way.
oh epka! the messiah grin
This is not sensible from you.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by APOPTOSIS: 10:50pm On Sep 20, 2024
Please naaaa🙏🏾🙏🏾🙏🏾
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Realtruth2023: 10:50pm On Sep 20, 2024
Cromagnon:
how many of them. Na wailers de wail pass
You are not smart at all. Everyone is wailing oga.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Zool6: 10:55pm On Sep 20, 2024
This companies all seated in Lagos and Ogun have left Nigeria this 2024 is it for seat at home

PZ Cussons
GSK,
Procter & Gamble
Sanofi, Equinor
Binance, Microsoft
Bolt.

Seat at home is not observed in Abia stat

Pz Ogun factory was folded up earlier this year before now they reported massive loose dont mention anything Seat at home and insecurity how safe is South west now with all the ritual killing all the daytime robberies in Lagos now
See why Pz left Ogun earlier this year

https://nairametrics.com/2024/06/29/pz-cussons-nigeria-reports-n96-4-billion-losses-in-fy-2024-shareholders-funds-wiped-out/




wickedclown:
Which one came first oga... Was it the fluctuations or the insecurity caused by the senseless unknown gun men
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by AmalaAtiEwedu: 10:58pm On Sep 20, 2024
undecided
Realtruth2023:
This is not sensible from you.
E no concern me undecided
They can destroy their region.
shebi ekpa na their hope?
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by AmalaAtiEwedu: 10:59pm On Sep 20, 2024
Realtruth2023:
Oga it is not IPOB, you people are trying to use misinformation to hide the truth. The real reason is the volatility in the exchange rate which was due to Tinubu's wrong policy of floating the naira. Guiness also had a brewery in Aba and they also sold their business was it also IPOB? You people should rest and stop lying to Nigerians.
long live sit at home cool
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Realtruth2023: 11:00pm On Sep 20, 2024
AmalaAtiEwedu:
undecided
E no concern me undecided
They can destroy their region.
shebi ekpa na their hope?
Oga Nigeria is being destroyed you are here saying rubbish. Until they catch you and decide to beat you that is when you will have sense.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by AmalaAtiEwedu: 11:01pm On Sep 20, 2024
Realtruth2023:
Oga Nigeria is being destroyed you are here saying rubbish. Until they catch you and decide to beat you that is when you will have sense.
long live sit at home grin
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by cattylove7(f): 2:57am On Sep 21, 2024
Even the 200 million population advantage that we have could not even help matters the government is just doing nada- www.cattylove.com
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by prophetfire: 3:03am On Sep 21, 2024
Newsmills:
Monday sit at home is a product of Mr Tjnubu also-lets tell ourselves a simple truth,whenever,you prefer your neighbour's garden more when yours is burning-is a curse
Mumu, did you read the write up at all? Did you see them mention Monday sit at home as part of their reasons for leaving?
The headline doesn't tally with the body of the story.
I don't support criminal Simon Ekpa and his murderer group though, neither do I support Nnamdi kanu and his foolish approach to Biafra issues.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by ArtEdge: 4:31am On Sep 21, 2024
Yet the president says he's working for the people

Never knew man was this clueless, asin no one single brain on reforms that can help the people's plight from him for over a year now

Worst of the Presidents we've been having .
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Trustyourself: 6:00am On Sep 21, 2024
Newsmills:
Monday sit at home is a product of Mr Tjnubu also-lets tell ourselves a simple truth,whenever,you prefer your neighbour's garden more when yours is burning-is a curse
How did you manage to shut down your memory to type this disgusting thing?

Nice weekend bro
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by henrybomb(m): 6:53am On Sep 21, 2024
Ezewuzie01:
Due to the harsh economic reality in Nigeria and insecurity which causes Monday sit at home especially in Abia state that hosts their soap and detergent unit, long-time multinational PZ cussons is finally leaving the country..



https://punchng.com/fx-crisis-pz-cussons-to-sell-nigeria-subsidiaries-others/
The government of the day dont even care
They are only good at charging people for treason and subversion
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by rigid123: 7:33am On Sep 21, 2024
Sane climes throw free money to companies in distress just to keep them afloat.
quote author=MEEVEET post=132088893]If I'm president I would offer PZ and the likes 50 million dollars interest free loan payable after 10 years at a guaranteed exchange rate of not more than 10% increase from today exchange

This would show massive confidence in your economy as a government

This would show massive believe in your currency

This would stabilize the company and increase revenue

You can throw in a few conditions like increased workers pay

Increase sourcing of raw materials locally

Tinubu have borrowed over 20 billion dollars since taking over 1 billion dollars would have prevented all the multinationals that left from leaving


This are the things Peter Obi would have done differently

[/quote]
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Saintinoo(m): 7:40am On Sep 21, 2024
Ezewuzie01:
Due to the harsh economic reality in Nigeria and insecurity which causes Monday sit at home especially in Abia state that hosts their soap and detergent unit, long-time multinational PZ cussons is finally leaving the country..



https://punchng.com/fx-crisis-pz-cussons-to-sell-nigeria-subsidiaries-others/
I have read the write up and didn't see where they said they are closing Aba factory or that the sit at home is a problem.

Sometimes I ask my self, what type of inferiority complexe will make other tribes, like the Yoruba tribe to always dream and talk about Ndigbo. Una no dey tire? If I were to be a Yoruba man, I would truly be ashamed of my tribesmen.
Re: PZ Cussons To Leave Nigeria, Aba Factory Faces Closure by Indifferent12: 8:01am On Sep 21, 2024
Newsmills:
Monday sit at home is a product of Mr Tjnubu also-lets tell ourselves a simple truth,whenever,you prefer your neighbour's garden more when yours is burning-is a curse
All the companies that left ogun state its Tuesday sit at home that caused it
1 2 3 4 5 6 Reply

PZ Cussons Jettisons Africa Exit Over Nigeria’s Economic Recovery, Growth140-yr-old PZ Cussons Considers Leaving Africa Over Nigeria’s Sales PlungePZ Cussons Nigeria Financially Distressed As Liabilities Surpass Assets234

Are more British-born Nigerians moving back to Nigeria ?Gas Shop Ablaze In Lagos [photos]Femi Otedola Casually Cruising On His Bicycle (Video)