Unilever Nigeria's profit rises 20% and its dividend quadruples
Food brands such as Knorr drove revenue to ₦184bn in nine months; shareholders get ₦2 a share on 18 November.
Taiwo Banjoko
Lagos — Unilever Nigeria made a net profit of ₦26.4 billion in the nine months to September, up 20.1% from ₦22 billion a year earlier, and has raised its interim dividend fourfold.
The numbers
- Revenue: ₦184 billion, up from ₦155.4 billion, led by food.
- Food made up 66.9% of sales, personal care 23% and beauty and wellbeing 10.1%.
- Cost of sales fell to 53.6% of revenue from 58.8%.
- Profit before tax: ₦45.6 billion.
- 98% of sales were in Nigeria; exports made up the rest.
Other income rose 166% to ₦651.7 million, helped by fees for producing tea for Lipton Teas and Infusions.
The dividend
The interim dividend is ₦2 a share, against ₦0.50 for the same period of 2025, a potential payout of about ₦11.5 billion. It will be paid on 18 November to shareholders on the register on 30 October who have registered for e-dividends.
Source: Premium Times, 24 October 2026.
