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Economic Hardship: Unilever Nigeria Stops Production, Sale Of Omo, Others
Published
8 months agoon
By
EditorUnilever Nigeria Plc says it has stopped the production and sale of home care and skin cleansing products. This is coming about 10 months after it announced plans to exit both markets.
The company disclosed this in its unaudited interim financial statements for the year ended December 31, 2023, sent to the Nigerian Exchange Limited (NGX) weekend.
In another statement, the company disclosed that it has appointed an interim Board Chairman for Unilever Nigeria Plc.
This was contained in a letter sent to the NGX and obtained by Vanguard by Mrs Afolasade Olowe, Senior Counsel and Company Secretary, Unilever Nigeria.
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It stated: “Mr Michael Ikpoki has been appointed as interim chairman of the Board of Unilever Nigeria Plc, pending the appointment of the substantive chairman of the Board.
“Ikpoki replaces His Majesty, Nnaemeka A. Achebe, Obi of Onitsha, who retired from the Board effective 31st December 2023.”
Unilever production
Meanwhile, recall that on March 17, 2023, Unilever Nigeria revealed its intention to discontinue production of its homecare and skin-cleansing brands. These include Omo, Sunlight and Lux.
In a statement in the company’s earnings report released weekend, Unilever Nigeria said production and sales “ceased in December 2023”.
Unilever said: “The factory used to produce the home care and skin cleansing products has been leased out to a third party.
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“Subsequent to the company’s exit from the Home Care and Skin Cleansing categories, the factory buildings have been leased to a third party. This is for 10 years, with annual rental payments.
“Unilever Nigeria’s exit from the homecare and skin-cleansing markets leaves the company with just the foods, beauty and wellbeing, as well as personal care products.”
Before Unilever Nigeria’s exit from both markets, the company reported a decline in revenue and an increase in losses.
Revenue fell by 45.1 percent year-on-year to N16,48 billion in 2023. This is from N23,92 billion grossed between January to December 2022.
Also, the loss increased to N3.72 billion last year, compared to the previous year’s N1.49 billion.
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Over 60 Youth Groups Dissociate Selves From The October 1 Protest
Published
3 hours agoon
September 19, 2024By
EditorOver 60 youth organisations have declared that their members will not participate in the national protest being planned by some persons and groups for October 1 against the administration of President Bola Tinubu.
The president of Nigeria Youth Organization, Duke Alamboye, made the position of the youth leaders known when he led a delegation on a courtesy visit to the Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro, in Abuja on Thursday.
Special Assistant on Media to the PAP Administrator, Mr Igoniko Oduma, disclosed this in a statement on Thursday.
According to the statement, youth bodies include the National Youth Congress, Arewa Youth Council, Yoruba Youth Council, Ohaneze Youth Council, South-South Advocate, Niger Delta Coalition, the Nigeria Nexus, Youth Parliament of Nigeria, Green Africa Youth Initiative, Youth Foundation for Non-Violence in Nigeria, Niger Delta Youth Parliament, National Association of Nigerian Students, and Youth Empowerment for Peace and Security, among others.
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Alamboye in the statement said that they would work together with a network of other youth groups to “ensure that Nigerian youths were not misled into taking part in any ill-advised protest against the government of Tinubu.”
He said they would carry out a series of activities in the days ahead, including a world press conference and a youth summit, to sensitize Nigerians on the need to shun any demonstration in the country.
Alamboye, who urged youths to embrace constructive dialogue, explored them.go use available channels of engagement with the government to express their views instead of disrupting the peace and stability of the nation.
He said, “Concerning the state of the nation, we are not unaware of the agitation from certain quarters calling for a nationwide protest on October 1, 2024. It is a protest against President Bola Ahmed Tinubu’s government.
“As youth leaders and lovers of peace and national advancement, the Nigeria Youth Organization would like to inform you of our plan and intention to hold a world press conference on the 23rd of September, 2024, geared towards sensitizing the average Nigerian youth on the need to shun the planned protest.
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“We want people to seek dialogue as a better reconciliation tool for venting their grievances. We also hope to organise a summit on October 1st, 2024, as a follow-up to the world press conference. We anticipate that all well-meaning stakeholders will play vital roles in charting a better cause for our youths.”
The youth leader congratulated Otuaro on his appointment and commended the President for putting a square peg in a square hole through the appointment of Otuaro.
He stressed that they were solidly behind Tinubu and the PAP boss.
Also speaking, Henry Okonkwo of the Ohaneze Youth Council, Tobi Bakare (Yoruba Youth Council), Ifon Daniel (Niger Delta Youth Parliament), and Nasir Lawal (Arewa Youth Council), among others, corroborated Alamboye and expressed support for the president.
READ ALSO: PAP Boss, Otuaro, Meets With Foreign Students, Harps On Peaceful Conduct
Responding, the PAP Administrator praised the youth leaders for dissociating themselves from the planned protest, noting that Tinubu was is youth-friendly leader who had appointed several youths to serve in different capacities in his government.
Otuaro urged them not to allow themselves to be manipulated into unpatriotic activities in the name of protest, as the president needs more time for the benefits of his people-oriented reforms, policies, and programmes to manifest.
While thanking the youth groups for their decision and support for Tinubu, he said, “Mr. President means well for the country. It is reassuring to know that Nigerian youths are with Mr President, who has been in office for a little over a year.
“As youths, we should organise ourselves and present our grievances and concerns through constructive dialogues. Nobody should manipulate you to achieve their ulterior goals. Most of those championing the so-called protest are only seeking attention and they thrive under the guise of anti-government protests to get attention. Youths should be watchful.”
News
BREAKING: NECO Releases 2024 Internal Examination Results
Published
8 hours agoon
September 19, 2024By
EditorThe National Examinations Council (NECO) has released the 2024 SSCE internal results.
This was disclosed on Thursday, September 19, by the NECO’s Registrar/Chief Executive, Professor Dantani Wushishi, while briefing journalists in Minna during the release of the 2024 SSCE internal results.
Wushishi also said that NECO blacklisted 21 supervisors in 12 states and de-recognized one school in Ekiti state for mass cheating in two core subjects and one science subject.
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According to him, the Supervisors were recommended for blacklisting due to poor supervision, aiding and abetting, abscondment, extortion, drunkenness, and negligence.
He said: “40 schools were round to have been involved in whole-school mass cheating in 17 states adding that the schools will be invited to the council for discussion after which appropriate sanctions will be applied.”
Details shortly…
News
Rotary Club Embarks On Tree Planting To Save Environment In Bauchi
Published
9 hours agoon
September 19, 2024By
EditorThe Rotary Club International on Wednesday, embarked on planting 110 forest species trees in Dass Local Government Area of Bauchi state.
Speaking during the flagging off of the planting exercise, Mr Morris Choji, Rotary Club International President in Bauchi state, said the gesture was to prevent the environment from desertification.
According to him, the club decided to embark on the project in order to see how it could contribute to saving the environment by planting the trees to serve as windbreaks and to avoid erosion.
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Morris, who encouraged the people of Dass to also plant more trees, promised that the club would plant more if the ones planted are well taken care of.
“Today, we are witnessing a tree planting project that we as Rotarians do from time to time to see how we can save the environment.
“As Rotary club, we have seven areas of focus such as Polio eradication, Water and Sanitation, Maternal and Child health, among others and protecting the environment is one of them.
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“We are planting 110 forest species trees in the Dass Local Government Area of the state and I would like to call on the benefiting community to take very good care of the trees.
“From time to time, we will be coming here to see how far they are faring and we have gotten assurance from the local government that they will be taken care of and we appreciate the energy,” he said.
In her reaction toward the gesture, Mrs Victoria Joshua, Head of Administration, Dass LGA, said that the project is very important to the people of Dass and to humanity at large.
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“We are witnessing great deforestation globally, there is great climate change and what Rotary club is doing right now by planting these trees is a way to serve humanity and to curb the deforestation taking place in our locality and globally.
“We appreciate the club for their efforts to serve humanity and we call on them to bring not only this plantation but more benefiting programmes into Dass LGA,” she said.
She assured that the local government would mobilise forestry staff under the Agric section in the LGA to take very good care of the planted trees so as to achieve the purpose they were planted.
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