馃嚦馃嚞NigeriaWest Africa
Unilever Nigeria reports N59.2 billion revenue in Q1 2026, sustaining double-digit growth
via Punch Nigeria2 min read
Unilever Nigeria Plc has reported a 26 percent increase in revenue for the first quarter ended March 31, 2026, reaching N59.2 billion, up from N46.9 billion in the same period of 2025. The company also saw its operating profit rise by 39 percent to N11.5 billion and net profit grow by 26 percent to N7.0 billion. Managing Director Tobi Adeniyi stated that these results represent a strong start to the year, driven by increased volume, innovation, and marketplace execution. He emphasized the company's commitment to a consumer-centric strategy and maintaining market leadership by strengthening brand propositions and executing with speed and excellence. Market analysts note that Unilever's focus on volume growth, rather than just price increases, indicates strong brand loyalty among Nigerian households. The company, which serves over 3.4 billion people globally through its parent organization, reiterated its dedication to the Nigerian market.
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Former Secretary to the Government of the Federation, Babachir Lawal, has advised Nigerians not to support former Vice President Atiku Abubakar in the 2027 presidential election, accusing him of ethnic politics. Lawal made these comments during a telephone interview, reacting to a controversy surrounding the African Democratic Congress ADC governorship ticket in Adamawa State. He alleged that Atiku was attempting to replace the party鈥檚 governorship candidate, Suleiman Omar, with Tukur Modibbo, claiming Atiku's politics are ethnically motivated. In response, Atiku Abubakar, through his media aide Phrank Shaibu, denied the allegations, calling them false and baseless. The statement asserted that Atiku had no involvement in any plot to replace the ADC governorship candidate in Adamawa State, and that those behind the claims were uncomfortable with the party's growing unity. The statement urged party members and the public to disregard what it termed "malicious propaganda," emphasizing the ADC's commitment to due process and internal democracy.
Must ReadSix candidates for United Nations secretary-general will engage in a televised debate on Thursday in the General Assembly Hall, preceding the formal selection process. The event, broadcast by Bloomberg, will feature 90 minutes of questions from diplomats, UN employees, and civil society representatives. The candidates include Michelle Bachelet of Chile, Maria Fernanda Espinosa of Ecuador, Rafael Grossi of Argentina, Rebeca Grynspan of Costa Rica, Carolyn Rodrigues-Birkett of Guyana, and Macky Sall of Senegal. General Assembly President Annalena Baerbock highlighted the importance of this "UN town hall" for understanding the candidates' visions for one of the world's most crucial positions, especially given the UN's current financial and confidence challenges. The United States, for instance, advocates for a return to the organization's core purposes of peace and security. Analysts note that the current campaign is less energetic than the 2016 race, with candidates seemingly cautious to avoid displeasing veto powers. The 15 members of the Security Council are scheduled to hold their first closed-door, anonymous vote on July 30, with subsequent votes until a candidate secures nine votes without a veto. The selected candidate's name will then be sent to the General Assembly for formal appointment, with the new secretary-general taking office on January 1, 2027. While Rafael Grossi is frequently mentioned as a front-runner, other candidates like Grynspan and Rodrigues-Birkett als
Premier League fans have chosen their best XI from the 2026 FIFA World Cup through a worldwide vote on the EPL's website. The selection features top-flight stars recognized for their performances. Manchester City midfielder Rodri was named among the standout players after leading Spain to their second World Cup title and winning the Golden Ball award. Everton goalkeeper Jordan Pickford secured his place after becoming England鈥檚 most-capped men鈥檚 goalkeeper in World Cup history. Tottenham Hotspur defender Pedro Porro was selected at right-back, while Argentina defenders Cristian Romero and Lisandro Martinez formed the center-back partnership. England defender Djed Spence completed the defense. The midfield trio included Elliot Anderson, Rodri, and Enzo Fernandez. Arsenal forward Bukayo Saka, Manchester City striker Erling Haaland, and Crystal Palace winger Ismaila Sarr completed the XI. This fan-selected team highlights the significant influence of Premier League players in the 2026 World Cup.