Proshare Logo
   Market Date: 23-07-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted Stocks World of Business

We have overcome the meltdown,Unilever

Category: Investors NewsBeat


  Read (1155)
We have overcome the meltdown,Unilever

May 6, 2010


Unilever Nigeria Plc has  said that it is better positioned to be more productive after overcoming the effect of the global meltdown.



Speaking at the 85th  Annual General Meeting of the company,  Apostle Hayford Alile,  Chairman Board of Directors of the company, lamented the adverse impact of the economic meltdown in the previous year, which according  to him, made it impossible for Unilever and other multinational companies to have a swell time during the period.



According to him, “The year started on a platform of a significantly devalued Naira against the major world currencies and this fed through as higher brought-in costs.Following from this was the shortage of foreign exchange, then logistical difficulties at the port due to congestion and at the close of the year; we faced the credit crisis at the back of the banking sector reforms.”


(Source:Vanguard)



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint