Unilever Says Exit From Home Care & Cleansing Markets Will Only Affect 3 Brands

In a statement, the firm stated that the brands were Omo, Sunlight, and Lux, noting that the decision to stop the production of these products was to accelerate the growth of the organisation and sustain profitability.

Last week, Unilever Nigeria announced that it was restructuring its business model to focus “more on business continuity measures that reduce exposure to devaluation and currency liquidity in our business model”.

Recall that the business environment in Nigeria has been very tough, and this year many organisations and Nigerians has found it difficult to access cash because of a Naira redesign policy of the Central Bank of Nigeria (CBN).