Value Trap

Unilever Nigeria home and personal care exit offers scant consolation for shareholders

By David Whitehouse

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Posted on April 12, 2023 04:00

The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS

Unilever Nigeria has failed to create long-term value for shareholders and investors interested in the country’s food sector should look elsewhere, veteran African corporate analyst Christopher Hartland-Peel tells The Africa Report.

The company, which is majority owned by the global giant Unilever and also trades on the Nigerian stock exchange, has two main businesses, food, and home and personal care (HPC). Unilever Nigeria in March said it plans to sell the HPC businesses and focus on higher growth opportunities.

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