In Lagos, on May 8, 2026, shareholders of Unilever Nigeria Plc gathered at Muson Centre for the Annual General Meeting.
The meeting drew strong expectations from investors across the country, and the company set a confident tone from the start.
Unilever Shareholders Approve ₦18.67 Billion Dividend
By the end of the session, the board delivered those expectations in clear financial terms.
The company approved a total dividend of ₦18.67 billion for the 2025 financial year.
Shareholders also confirmed a final dividend of ₦3.25 per share.
The company will pay only shareholders listed as at April 10, 2026.
In addition, it will apply statutory deductions and withholding tax before payment.
As a result, the approval reflected stronger performance and renewed investor confidence.
Strong Revenue And Profit Growth
Earlier, the company reported a year of steady recovery and stronger operations.
Unilever Nigeria generated ₦214 billion in revenue in 2025, a 43% rise from ₦150 billion in 2024.
Furthermore, gross profit climbed 62% to ₦90 billion.
Net profit also surged to ₦32 billion from ₦15 billion in the previous year.
Stronger demand and improved efficiency drove this growth across the business.
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Despite inflation and a tough economy, the company still improved its performance.
Board Changes And Governance Decisions
Meanwhile, the AGM also addressed key governance and leadership decisions.
Shareholders elected Ibrahim Sodipe and Uchenna Nwakanma as new directors.
They also re-elected Michael Ikpoki, Ben Langat, and Ngozi Edozien.
In addition, shareholders approved ₦120 million for non-executive directors’ remuneration for the 2026 financial year.
Moreover, the company secured approval for related-party transactions under regulatory guidelines.
For investors, the dividend announcement remained the key highlight.
It signalled a stronger financial position and a return to consistent profitability.
Finally, as shareholders left the venue, the message was clear.
Unilever Nigeria delivered a turnaround year and shared its gains with investors.