Why PZ Cusson PLC Plans To Limit Its Exposure To Nigeria

PZ Cussons is a major British manufacturer of personal healthcare products and consumer goods. It operates across Africa, Europe, Asia, and North America. PZ Cussons Nigeria Plc operates in five core categories such as personal care, beauty, home care, food and nutrition, and electricity.

On Tuesday 29 January 2019, PZ Cussons PLC planned to limit its exposure to Nigeria due to the extreme challenges in trading in Nigeria which hampers overall growth. Statistics shows there was a decline in the revenue generated in Africa as compared to Europe and Asia. The Group continues to make pleasing progress in Europe and Asia, with new product development, however, the macroeconomic conditions in Nigeria remains extremely challenging and continues to have a significant negative impact on the overall group performance.

Whilst these conditions prevail, the company has begun some strategic initiations, which include limiting expose to Nigeria volatility.

ALSO READ: Top 7 Food Processing Companies in Nigeria

Push Your Dreams Confidently!

Want to push your dreams in today’s technology-driven, constantly-changing world? You must read Olatorera Oniru’s bestselling digital e-book titled Push Your Dreams available now on Olatorera.com and on Amazon.com.

The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services. 
Olatorera Consultancy Limited publishes an annual list of Africa’s Best.