The PSC, however, warns that all States of the Federation should heighten their state of preparedness and continue to enforce all protocols put in place, given the renowned greater ease of spread of the Delta variant. These steps are critical as we begin to see worrisome early signs of increasing cases in Nigeria.
The PSC shall continue to minimize the risk of importation of Variants of Concern into the country by strengthening Surveillance at all Points of Entry (POE), enforcing extant quarantine protocols and sustaining the current restrictive measures against travellers arriving from India, Brazil, Turkey and South Africa.
The PSC felicitates with the Muslim Ummah on the occasion of the Eid-el-Kabir celebration. It, however, urges all State Governments and Religious Leaders to be mindful of the potential for the wider spread of the virus during large gatherings.
The PSC, therefore, recommends the following preventive measures for a safe Eid-el-Kabir celebration:
Decentralization of Eid Prayer to neighbourhood Friday Prayer Mosques (outdoor);
Suspension of Durbar activities; and
Observation of limitations on all Indoor gatherings.
Nigerians and all Residents are reminded to stay safe, always.
The 2021 Eid-El-Kabir celebration comes on July 20th. The Islamic festival is also known as Eid-ul-Adha (Eid-El-Kabir).
The Eid al-Adha is a four-day Islamic festival starting on the 10th day of the month of Dhul Hajj to commemorate the willingness of Ibrahim to sacrifice his son. Eid-El-Kabir (Eid-ul-Adha) is a mega Muslim event in the Islamic calendar and is observed worldwide.
Below are some interesting happy Eid-El-Kabir messages, wishes, quotes, and pictures SMS.
May you all have a very happy and blessed. Enjoy these amazing days and remember those who need our help. Happy Eid-El-Kabir 2021
May this special day bring peace, happiness, and prosperity to everyone. Happy Eid-El-Kabir 2020
I wish you a joyous celebration and showers of Allah’s blessings. Happy Eid-El-Kabir 2021
Wish that Allah’s blessings light up the path and lead to happiness, peace and success. Happy Eid-El-Kabir 2021!
May Allah accept your good deeds, forgive your transgressions and sins, and ease the suffering of all people around the globe. Happy Eid-El-Kabir 2021
During Eid-el-Kabir, ALLAH replaced Ismail with a ram for Prophet Ibrahim. May HE replaces your sorrow with joy, you are few with abundance. Barka-d-Salah.
Happy Eid-El-Kabir Wishes, Prayers And Quotes For Family, Friends-Brand Spur Nigeria
Our warmest wishes to you on this solemn festival of Eid-el Kabir. May the blessing of Allah fill your life with peace, joy and good health. Barka Da Sallah!
On Eid-ul-Adha, wishing that Allah accepts your good deeds and sacrifices, alleviates your sufferings, and forgives your transgressions. Eid Mubarak!
May Eid-ul-Adha bring you peace, love, warmth and happiness all your ways. Happy Eid-ul-Adha!
Wishing that Allah brings you treasured moments of happiness and joy on the festive occasion of Eid-ul-Adha. Eid-ul-Adha Mubarak!
ALHAMDULILLAH, Allah Subhanahu Wata’ala has made it possible for us to witness another Eid-el-Kabir again, as we celebrate this day May Allah in his infinite Mercy forgive us all our sins and bestowed his sweetest blessing on you and your family. Amen.
May peace, progress, long life and prosperity be your portion and that of your loved ones, as you celebrate this day. Happy Eid-El-Kabir.
Barka de Sallah. May the choicest blessing of Allah fill your life with joy prosperity and may the bluebird of happiness fly over you.
Happy EID KABIR. Wishing you more fulfilling years ahead! ‘cheers’. I LOVE U.
Alhamdulillah to Allah for live spared in good health to witness another Eid-il-Kabir. May His goodness & mercy be upon you and your family forever. Happy Eid-El-Kabir.
As you offer your prayers on Eid-ul-Adha, I hope that the true spirit of this auspicious occasion fills your heart with happiness and good cheer. Have a blessed Eid-ul-Adha!
Hope that you and your family are blessed with Allah’s love and care on Eid-ul-Adha and always.
Wishing you and your family a blissful Eid-ul-Adha!
On this holy and joyous occasion, may the blessings of almighty Allah come down and rest upon you and upon those whom you love and treasure. And may you enjoy a very happy Eid this year and in the years to come to Amim. Happy Eid El Kabir
Favour of ALLAH is limitless and unlimited, His grace is immeasurable, His power has no boundary.
May his endless blessing be showered on you forever. Happy Eid Kabir.
When my arms can’t reach people close to my heart. I always hug them with my prayers. May
Allah’s peace be with you. A very happy Eid Mubarak to you.
Receive my simple gift of “EID MUBARAK” wrapped with sincerity tied with care and sealed with a prayer to keep u safe and happy all day long! Take Care!
May God bless you and your dear ones with peace, prosperity and happiness on the auspicious occasion of Eid-ul-Adha. Eid Mubarak!
On Eid-ul-Adha, wishing that your sacrifices are appreciated and your prayers are answered by the almighty. Have a blessed Eid-ul-Adha!
May the divine blessings of Allah fill your home and heart with the spirit of joy and open up newer opportunities for success. Eid-ul-Adha Mubarak!
Hope that you are guided by your faith in the almighty and shine in his divine blessings. Wishing you a happy Eid-ul-Adha!
Happy Eid-El-Kabir 2021 Wishes
My good wishes, my good wishes for you are just prayers for your long happy life from God on this noble event. Wish you a very Happy Eid-El-Kabir 2021
May the day delight and the moments measure all the special joys for all of you to treasure. May the year ahead be fruitful too, for your home and family and especially for you. Happy Eid-El-Kabir 2021
May the good times and treasures of the present become the golden memories of tomorrow. Wish you lots of love, joy, and happiness. Happy Eid-El-Kabir 2021
It’s a day of rejoicing and bliss; a day of blessing and peace; it’s a day to reflect and ponder; it’s a day to celebrate together. Happy Eid-El-Kabir 2021. Happy Eid-El-Kabir 2021 messages
In every shared smile and laughter. In every silent prayer answered; In every opportunity that comes your way – may Allah bless you immensely. Happy Eid-El-Kabir 2021
May Allah bring you joy, happiness, peace and prosperity on this blessed occasion? Wishing you and your family on this happy occasion of Eid-El-Kabir 2021.
Happy Eid-El-Kabir Wishes, Prayers And Quotes For Family, Friends-Brand Spur Nigeria
May Allah flood your life with happiness on this occasion, your heart with love, your soul with spiritual, your mind with wisdom, wishing you a very Happy Eid-El-Kabir 2021
May the magic of these Eid-El-Kabir lots of happiness in your life and may you celebrate it with all your close friends & may it fill your heart with wonders. Happy Eid-El-Kabir 2021
When the sun has set, and the day is done. I” ll break this chain, but only one. this whole chain will be all gone! It”s time for Sallah and lots of fun.
May God send his Love like Sunshine in his warm and gentle ways to fill every corner of your Heart and filled your Life with a lot of Happiness like this. Wishing you Happy Eid-El-Kabir 2021.
A time for joy, a time for togetherness, a time to remember my blessings. For me… it’s you! May Allah Bless you & Give u all the joy u brings to my life! Happy Eid-El-Kabir 2021
Happy Eid-El-Kabir 2021 Quotes
O You who believe! Enter absolutely into peace [Islam]. Do not follow in the footsteps of Satan. He is an outright enemy to you. (Koran: 2, 208)
The taking of one innocent life is like taking all of mankind… and the saving of one life is like saving all of mankind. (Koran, 5:33)
I put my trust in Allah, my Lord and your Lord! There is not a moving creature, but He has a grasp of its forelock. Verily, my Lord is on the straight path [the truth]. (Koran 11:55-56)
Happy Eid-El-Kabir Wishes, Prayers And Quotes For Family, Friends-Brand Spur Nigeria
He is the One God; the Creator, the Initiator, the Designer. To Him belong the most beautiful names. Glorifying Him is everything in the heavens and the earth. He is the Almighty, most wise. (Koran 59:24)
Whoever desires to meet his Lord, should do good deeds and not associate anyone in the worship of his Lord. (Koran – 18:110)
The governor who spoke on Saturday at Ikenne as part of the ongoing campaign of the All Progressives Congress (APC) ahead of the July 24 LG poll, said he remains committed to the project despite stiff resistance in some quarters.
The governor made case for an Agro-Allied Cargo airport located at Ilishan-Remo, Ikenne Local Government Area, while Amosun strongly backed a passenger airport located at Wasimi, Ewekoro Local Government Area of the state.
Addressing party stalwarts and residents of Ikenne LG, Abiodun said he would not bow to the opposition. He said he remains the governor and “the buck stops at his table.” The governor later led his campaign train to the site of the airport project, with the promise that it would be ready for use next year.
The Governor said his administration has reconstructed over 270kilometres roads and rehabilitated about 100 Primary Healthcare Centres across the state.
Speaking earlier at Odogbolu, Abiodun declared that his administration would soon set up a Special Task Force to tackle cultism in the state. He said his administration would not allow cultists and other criminal elements to undermine the development of the State.
…Urges Virtues of Uprightness and Peaceful Co-existence
As Muslims in the country mark Eid el-Kabir, Rite Foods Limited, a leading brand in the food and beverage sector of the Nigerian economy, has urged the faithful to always sustain the virtues of love, tolerance, and brotherhood which the Islamic religion upholds.
It is also a time for mutual co-existence, where parts of the sacrifice offered to Allah are given as a gift to the poor and needy.
Given this, the Managing Director of Rite Foods Limited, Mr. Seleem Adegunwa, stated that Islamic scholars, leaders, and believers, should use the festive period to sustain virtues that would lead to peace and harmonious co-existence for a more united and prosperous nation.
He admonishes them to always reflect on the sacred teachings of Prophet Muhammed which depicts uprightness and love for one another, following the tenets of the Islamic religion.
Adegunwa further enjoined the believers to always stay healthy during the celebration and with the company’s array of quality products that have set the standard for others in the food and beverage industry, celebrating can be a lot more enjoyable.
He pointed out that Rite Foods has 12 Bigi carbonated soft drink variants, Bigi Premium Table Water, the leading Fearless energy drink brands, as well as Rite Foods sausages that are available for consumers’ wellbeing, and at moments of celebration, such as the Eid el-Kabir.
Oando PLC (Oando) is pleased to announce that on Thursday, July 15, 2021, the Company entered into a settlement with the Securities and Exchange Commission (SEC), of all matters subject of litigation and other issues flowing therefrom.
Both parties believe that a settlement is the most appropriate course of action and one that is in the best interest of the Company, its employees, shareholders as well as the capital market. Specifically, the settlement reached by the parties seeks to prevent further market disruption and harm to Oando PLC’s shareholders.
As a result, Oando’s directors and management team can now fully focus on business operations whilst continuing to ensure that it is in compliance with all governing statutes. In the immediate, the Company will be convening it’s 42nd Annual General Meeting (AGM) to give its shareholders the opportunity to exercise their rights to receive information as well as vote on company affairs.
This has been an extraordinary time in the life of the Company and a defining moment in its relationship with the regulator. The Company recognizes and respects the authority of the Commission and will continue to comply with the Investments and Securities Act 2007, and the Rules and Regulations made pursuant thereto, while always acting in the best interest of all its stakeholders.
Cerebral palsy (CP) is an umbrella term that refers to a group of disorders affecting a person’s ability to move. It is due to damage to the developing brain either during pregnancy or shortly after birth.
CP is the most common cause of motor disabilities in childhood. According to the Centers for Disease Control and Prevention (CDC) Trusted Source, it affects at least 1.5 to 4 out of every 1,000 children worldwide.
Cerebral palsy affects people in different ways and can affect body movement, muscle control, muscle coordination, muscle tone, reflex, posture, and balance. Although cerebral palsy is a permanent life-long condition, some of these signs of cerebral palsy can improve or worsen over time.
The parts of the body affected by cerebral palsy, the level of severity and the combination of symptoms can differ for each person. For example, one person may have a weakness in one hand and find tasks like writing or tying shoelaces challenging. While another person may have little or no control over their movements or speech and require 24-hour assistance.
Art For Heart Sake: Ayo Says Comes To The Rescue Of Cerebral Palsy Center-Brand Spur Nigeria
People who have cerebral palsy may also have visual, learning, hearing, speech, epilepsy, and intellectual impairments. Most children are born with CP, but they may not show signs of a disorder until months or years later. Symptoms usually appear before a child reaches age 3 or 4. Cerebral palsy affects a person’s posture, balance, and ability to move. It can also affect someone’s abilities to communicate, eat, and sleep.
As part of her contributions to society, Ayomide Fadase, a 16-year-old Nigerian girl recently had the maiden edition of La Vie Art Exhibition by Ayo Says, at the Didi Museum, Victoria Island, Lagos, Nigeria recently.
The exhibition and sales event showcased a collection of artistic creativity that comes from a deep place of mixed feelings. The exhibition was centered on raising funds for people living with Cerebral Palsy in Nigeria.
Art For Heart Sake: Ayo Says Comes To The Rescue Of Cerebral Palsy Center
The esteemed audience had the privilege to access an exclusive collection of masterpieces by artist, Ayomide Fadase, who is also raising awareness and support for a noble cause; the Cerebral Palsy Center, Surulere, Lagos.
The event, presented by Ayomide Fadase is centered on making a change. Born out of the deep-rooted desire of a passionate prospective college student who is an impact-driven Lagosian at heart. Ayomide Fadase seeks to use her work as a catalyst to evoke compassion and connect people’s hearts with charitable causes that are worth supporting. This donation is a strategic way of aiding immensely, the work done at the center to boost specialized therapy, care, and accommodation to children with Cerebral Palsy in Nigeria and at no cost to the families.
According to Ayo Says, her passion for arts made her commit about 350 hours to draw and painting 26 different works made from a pencil, painting- oil and acrylic paint, markers and amongst others. All the pieces of the exhibition today are oil on canvas paintings.
From her narration, “I started art in school, it was more of an academic thing, I was always told how to draw a line straight but when I moved to the United States of America, it was creative and free-spirited.”
She lamented the poor treatment that the vulnerable Nigerians get from their family members, governments, and the society at large. Affected children face the added burden of stigmatization, inadequate facilities for rehabilitative care, and diminishing educational opportunities. All these prompted her action to use her passion for this cause.
Also speaking at the exhibition, the renowned Professor Bruce Onobrakpeya applauded the efforts Ayomide has put into making the event possible. He also stated, “This is a success story, beautiful works and the motivation to create is very well-founded and she has started very well and the sky is just the starting point.”
“I am impressed by the quality of works that I am seeing here, they all have subjects but one has a free Colour and it’s beautiful. That’s is the one is stood behind and I would keep it in my house and stay with cos it shocked me. It has freedom, it’s appealing, you don’t have to look here and there and find something pleasing. We must also appreciate her parents and good mentoring from the school for supporting her thus far,” he added.
The Government should recognize people like this young lady who love arts, they should be given scholarships. Also, there are workshops places in arts, it should be made available for them so they can mix with other cultures and countries. The government should assist in making arts education attractive to children.
While speaking on the desire of the artiste to donate to the Cerebral Palsy Centre, he said, “Health is expensive, if you can do anything to help and raise money, then it’s a good thing. People who are challenged in the hospital are also introduced to arts and people have got better health-wise especially when they are challenged.”
The delighted father of the artiste, Ayodele Fadase said he sees this exhibition as the little beginnings which should not be despised and also as a bridge to a beautiful and bright future. I would do as a parent is to continue to encourage and create as many opportunities for her to display, harness, cultivate and bring out as much of her internal passions and desires as much as possible, supported all the things to see that seed and water it because it is what people are doing that would make a difference.
In his words, “when you are passionate about anything and you are diligent at it, everything will come through with it. It is good for children to have passion aside from academics which can come in other forms. It is my job as a parent to continue to water it so that she can succeed.”
Lovers of great art and well-meaning Nigerians within Lagos and beyond – who have the rare interest and commitment to the betterment of Lagos State and Nigeria at large – gave reverting reviews to her artwork and also supported the art premier and fundraising exhibition.
Abiye Maternal and Child International Foundation (AMCH) recently at its office in Maryland, Lagos received seven modern mobile ultrasound systems donated by GE Health care West Africa, to help increase access to quality maternal and child medical services especially in rural areas in Lagos.
AMCH International Foundation is a non-governmental organization that aims to provide up-to-date evidence-based life-saving knowledge and skill to frontline health workers in communities across Nigeria. AMCH’s mission is to help contribute to health system strengthening and quality improvement for maternal and newborn care.
Speaking at the acceptance ceremony, the Founder and Chief Executive Officer of AMCH, Prof. Elizabeth Disu expressed her gratitude to GE West Africa for donating the medical equipment to AMCH and promised that it would be used to improve medical services rendered to pregnant women especially in the rural areas in Lagos State and Nigeria in general.
She said AMCH had collaborated with other partners to execute several training programs such as Essential Care for the Newborn which comprise Helping Babies Breathe, Essential Newborn Care, Essential Care for Every Baby, and Essential Care for Small Babies, Newborn Resuscitation Training (NRT), to mention a few.
According to the AMCH founder, the organization recently partnered with Rotary Club International, California, USA to train health workers in Epe and Ibeju-Lekki communities in Lagos State on Essential Newborn Care Course (ENCC). The ultrasound system donated by GE would enable them to add obstetric care trainings in these rural communities.
AMCH Receives Donation Of VScan Ultrasound Equipment From GE West Africa
Prof. (Mrs) Aba Sagoe, and AMCH’s patron, in her remark, equally expressed her gratitude to GE for the donation. “We appreciate this and we believe this will improve quality of care. We assure you that you are going to see positive results very soon. Thank you GE” she added.
The representative of the Federal Ministry of Health Head of Newborn, Family Health Department, Dr. John Ovuoraye, in his address, commended GE for their contributions to the development of the health sector in Nigeria and for donating the equipment to AMCH, a reputable NGO whose commitment to maternal and child health is widely recognized.
AMCH Receives Donation Of VScan Ultrasound Equipment From GE West Africa-Brand Spur Nigeria
He said, “On behalf of Federal Ministry of Health, I wish to thank GE for the company’s commitment to improving access to medical services in various communities in Nigeria. We have had collaborative training with AMCH and its founder, Prof. Elizabeth Disu, a pillar and a worthy person in the health sector, especially on maternal and childcare services.
The equipment that I am seeing here will help in no small measure to improve quality services to pregnant women in Nigeria. The machine is technologically driven, simple, handy and mobile. It works amazingly well with a soft touch, gives accurate analysis, and has durable battery life. Once again, I want to thank GE for this donation.”
Prof. Adeniyi Adewumi, the director of training at AMCH and a consultant at Lagos State University Teaching Hospital, Ikeja opined that the ultrasound equipment would help monitor the number of babies a pregnant woman is carrying, baby’s position and growth of pregnancy amongst many other factors associated with improved quality care.
In his goodwill message, the Permanent Secretary, Primary Health Care Board (PHCB), Lagos State, Dr. Ibrahim Mustafa, also expressed gratitude to the donor and said that ultrasound equipment would help achieve focus on antenatal with its special features for obstetrics examination and quantification and could not have come at a better time than this.
The GE team was led by Mr. Abdulrahman Alabi, Manager, Ultra Sound, GE West Africa, accompanied by Mr. Gospel Johnson, Clinical Application Specialist, GE West Africa, and Mrs. Modupe Shittu, Lead, Life Care Solution Business, West Africa. Mr. Alabi said, GE did background research on NGOs and found AMCH worthy to receive the donation of ultrasound equipment to help improve quality services in maternal and child care access of many pregnant women in Nigeria.
Other dignitaries present at the acceptance ceremony were Mrs. Ekhaiyeme Taiwo (rtd), Clinical Volunteer (AMCH), Retired Chief Matron Mrs Oluwatoyin Odukoya, and Miss Funmilola Oremakinde, an administrative officer with AMCH.
For its sixth season, BBNaija will feature a special double launch show on Saturday, 24 July, and Sunday, 25 July 2021. Both shows will air from 7 pm and for the first time, fans in the UK will be able to follow all the drama in the BBNaija house 24/7, via Showmax. The show will also be live-streamed across Africa on the streaming service.
Confirming the development, Yolisa Phahle, MultiChoice Group CEO for General Entertainment and Connected Video, said,
“Big Brother Naija has always attracted a large following outside Nigeria and fans are always asking how to watch BBN when they’re away from home. This year we are proud to be taking this much-loved reality series to the UK.”
The 10-week long reality TV show will follow the lives of strangers as they interact and compete with each other to win the grand prize of 90 Million naira worth of prizes, which is the biggest reality TV show reward on the continent.
In addition to the 24-hour live stream, other BBNaija-related content will be available exclusively on Showmax, including the Head of House challenge and daily highlights.
Laycon won the fifth season of BBNaija in September 2020, and earlier this year went on to star in his own reality show, Showmax’s first Nigerian Original, I Am LAYCON. The show, which featured exclusive music tracks from Laycon, broke first-day Showmax streaming records in Nigeria.
Showmax has launched several Originals this year, including the Kenyan series Crime and Justice in February. Devilsdorp, the first Showmax Original true-crime docu-series, which follows the Electus per Deus (Chosen by God) cult behind the 2012-2016 Krugersdorp Killings in South Africa, is set to launch on 29 July.
BBNaija Season 6 will also run 24/7 on DStv Premium, Compact Plus, Compact, Confam, and Yanga packages on channel 198 and on GOtv Max and Jolli packages on channel 29.
International Showmax subscriptions start at $3.99 a month.
Unilever Nigeria’s H1’21 performance has shown a decent recovery from last year’s pandemic-induced slump. With Q2’21 Revenue expanding 41% y/y to ₦19.7 billion (H1’21: ₦39.2 billion) – mostly boosted by the much lower base in the previous year, it has provided the much-needed boost to the company’s bottom-line in the first half of the year.
Delving into segmental performances for this quarter, whilst both Food and HPC (Home and Personal Care) have continued to grow, 35% y/y and 49% y/y respectively, partly driven by the newly introduced SKUs (Store Keeping Units), the growth is not as impressive as the growth recorded in Q1’21 (40% y/y and 53% y/y respectively).
Apart from the plague of competition in the seasoning and detergent sub-segments, we believe that growth may be waning because Unilever may have reached its supportable level of turnover, following its credit restructuring strategy.
Unilever Nigeria Plc: Weak Industry Fundamentals Weigh on Earnings – www.brandspurng.com
In addition, given Unilever Nigeria’s play in the premium seasoning cube segment, we do not see competitive pressures easing especially as consumers grapple with declining disposable income.
Furthermore, we believe that the separation of its tea business has also impacted the slower return to its pre-pandemic Revenue performance. With this, we consider the Revenue beat in the H1’21 period (Vetiva: ₦36.0 billion) and estimate that the topline will grow 29% to ₦79.7 billion for the FY’21 (previous: ₦72.1 billion).
Margins become stronger on Q2 costoptimization
On a more positive note, and a measure of improvement, gross margin improved 4.5ppts y/y to 27%, much closer to its five-year average of 28%, amid rising costs. This is because in addition to the significant 41% y/y Revenue growth, the cost of sales only rose 27% y/y to ₦14.3 billion.
For the half-year period, the cost of sales rose 38% y/y mostly driven by the Q1’21 performance. Unilever Nigeria’s exposure to foreign-sourced raw materials remains a concern for us especially when we consider foreign exchange volatilities/challenges.
However, taking this year’s track record into consideration, we expect the company’s cost of sales figures to print 18% higher, taking gross margin 6ppts y/y to 27% for FY’21.
Although Unilever Nigeria has reported a ₦235 million impairment loss on receivables (where it had reported no loss in the previous quarter), bringing operating profit to ₦0.6 billion for the quarter and ₦0.4 billion for the H1’21 period, we do not expect a significant increase in impairment losses for the year. Thus, we expect the current positive operating profit trajectory to maintain for the FY’21 period at ₦1.6 billion.
Source: Company filings, Vetiva Research
Finance income buoysearnings
Net finance costs have remained positive at ₦0.6 billion for the H1’21 period, driven by the company’s healthy cash balance of ₦44.2 billion. Given that we do not expect any significant CAPEX spend by the company in the near term, we see no dampening impact on cash or a need for increased debt burden and estimate that net finance income will remain buoyed by cash at ₦1.5 billion for the year.
Unilever’s PAT printed at ₦1.2 billion, (Q2’20: ₦1.6 billion), sufficiently covering its loss position from its Q1’21 performance and bringing H1’21 PAT to ₦0.7 billion (H1’20 LAT: ₦0.5 billion). Our expectation for profit for the year has improved to ₦1.7 billion from a previous LAT expectation of ₦0.8 billion.
Thus, we estimate a target price of ₦14.23 and rate Unilever a HOLD.
Unilever Nigeria Plc., one of the leading players in the Nigerian Consumer Goods sector, specialized in the manufacturing and marketing of Foods and Refreshments, Home-care, Beauty and Personal Care products, released its Q2 2021 unaudited results for the period ended June 30th, 2021.
Unilever Nigeria’s revenue expanded by 43% to N39bn from N27bn in the previous quarter. This shows a decent recovery from last year’s pandemic-induced slump.
Profit after tax grew by 238% to N715m for the period ended June 30, 2021, compared to a profit after tax of N520 million reported for the corresponding period in 2020.
Profit before tax stood at N830m while Net Assets grew by 1.2% from N62.1bn to N62.8bn.
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