Unilever Nigeria Plc has released its Q1 2022 results revealing a profit of N1.80 billion, from a loss of N492 million in the corresponding period of 2021. The period in review witnessed a persistent increase in prices of goods and services, thereby resulting in inflationary pressures that affected both consumers and producers. Despite the double-digit […]

Unilever Plc, the owners of Lipton and PG Tips, has agreed to sell its global tea business, ekaterra, to CVC Capital Partners for €4.5 billion on a cash-free, debt-free basis. This is according to a press release from Unilever titled, “Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn,” and published on […]


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