Unilever Nigeria Reports Strong Growth and Dividends

Unilever Nigeria Plc, led by Chairman Bolaji Balogun, reported a notable growth for the 2025 financial year, attributing this success to operational resilience. During the annual general meeting held in Lagos on May 15, 2026, Balogun announced that shareholders would receive a final dividend of N3.25 per share, in addition to an interim dividend of 50 kobo per share received earlier in the year, bringing the total dividend payout to N3.75 per share for the financial year.

The company achieved a turnover of N214.30 billion, a significant increase from N149.52 billion in the corresponding period of 2024. Profit for the year grew twofold to N32.20 billion, up from N15.14 billion in 2024.

Balogun noted that the results were driven by capacity expansion and investments across various categories, reflecting the company's long-term strategy. Managing Director Tobi Adeniyi emphasized the importance of leveraging brand power and operational efficiency, while Financial Director Ibrahim Sodip highlighted consistent volume growth and improved shareholder returns.