PZ Cussons has revealed that business performance is improving following a challenging period in which profits were hit by the devaluation of the naira in the company’s key market of Nigeria. The personal care and consumer goods giant issued an update on Thursday...

Israel-based flavour and ingredients company Frutarom has announced the acquisition of 60 percent of the share capital of Indian flavours and fragrances company Sonarome for US$17.2m. Frutarom develops, manufacturers and markets flavours and ingredients which are used...

Unilever Nigeria has revealed that profits dropped by 21 percent during Q1. Unilever Nigeria, whose brands include Dove Soap and Persil deodorant, issued a statement to the Nigerian Stock Exchange revealing that net income fell to 590.4m naira ($2.7m) in the quarter...

PZ Cussons trading is said to have stabilised despite a challenging six months in the firm’s main market of Nigeria. Revealing half-year results from January until April, the company’s Chairman Richard Harvey stated that trading is now “in line with expectations.” The...

Personal care and home care company PZ Cussons, which partners with Irish ingredients company Glanbia, is being forced to buy out the Glanbia’s stake in its African operations for €29m. PZ Cussons is a leading international retailer of food, nutrition, cosmetics,...

Nestle Nigeria is reducing capital expenditure to its lowest level in five years following a currency devaluation that has reduced consumer spending across the country. Tough economic conditions have been triggered by the sharp fall in the price of oil, Nigeria’s main...