Unilever Nigeria Cease Production, Sales Of Omo

Unilever Nigeria Cease Production, Sales Of Omo

Unilever Nigeria Plc has announced that it has ceased production and sale of home care and skin cleansing products, marking the fulfillment of its plan to exit these markets.

The company revealed this information in its unaudited interim financial statements for the year ended December 31, 2023, which were submitted to the Nigerian Exchange Limited (NGX) over the weekend.

In addition, Unilever Nigeria Plc has appointed an interim Board Chairman, as stated in a letter sent to the NGX and obtained by Vanguard.

The letter was authored by Mrs. Afolasade Olowe, Senior Counsel and Company Secretary of Unilever Nigeria.

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.”