Unilever Continues To Grow Strongly

Unilever Nigeria has grown fantastically over the past few years and its share price has thoroughly outperformed the benchmark Nigeria All-Share index in the process as the first chart illustrates. It has reported a 17% year-on-year increase in H1 turnover to NGN23bn (US$149.6mn). There is going to be a lot more on the way as these sales are still coming from a pretty low base when you consider Nigeria's size, with a huge population nearing 160mn and plenty of room for incomes to grow.

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