BOLDEN

BOLDEN African News · Friday 23 October 2026

NigeriaRetail, consumer goods and commerce

Unilever Nigeria lifts nine-month revenue 18% to ₦184 billion and declares interim dividend

Unilever Nigeria reported revenue of ₦184.0 billion for the nine months to 30 September 2026, up 18%, and net profit of ₦26.4 billion, up 20%. Gross profit rose 34% to ₦85.5 billion. The board declared an interim dividend of ₦2 per share, totalling ₦11.5 billion. Managing Director Tobi Adeniyi noted weaker consumer demand in the third quarter.

Why it matters

The results show a multinational consumer goods group growing revenue and margins in Nigeria while household incomes remain constrained.

Sources: Nairametrics, Daba Finance, Brand Spur · 23 October 2026

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