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http://ift.tt/2r4sCu6 Unilever Nigeria Plc., has declared a dividend of N378 million following the approval of the company’s shareholders at the 92 nd Annual General Meeting of the Company held in Lagos on Thursday May 11 at the Muson Centre. The dividend declared amidst a challenging operating year and environment translates to a dividend payout of 10 kobo gross per share to the shareholders. In the year ended 2016, the Company increased its revenue by 17.8 percent from N59 billion recorded in 2015 to N69 billion as Profit After Tax (PAT) for the year ended 31 st December, 2016 increased significantly by 157% to N3.07bn from N1.19bn reported for the year ended 31 st December 2015. Addressing shareholders at the 92 nd AGM, the Chairman of the Board of Directors, His Majesty Nnaemeka Achebe, the Obi of Onitsha said that Unilever Nigeria Plc. has once again demonstrated business resilience under very difficult circumstances. He asserted that the company’s performance shows its comm...

http://ift.tt/2ousPYL Kwara State Governor, Alhaji Abdulfatah Ahmed Local Council workers under the aegis of National Union of Local Governments’ Employees (NULGE), on Monday boycotted Workers’ Day rally in Ilorin over non-payment of salary and pension. The Secretary of the union, Comrade Hobonu Rafiu said the union refused to mobilise its members due to paucity of fund resulting from non-payment of nine months’ salary in the state. Rafiu urged the state to tailor the next tranche of London Paris loan repayment to the settle the backlogs of salaries of local government workers. A branch chairman of the union, who preferred anonymity, told the News Agency of Nigeria (NAN), that the Workers’ Day celebration was like a mourning day for council​ workers in the state. Meanwhile, Gov Abdulfatah Ahmed in his address at the rally said he was pained by the plight of workers and pensioners at the local governments. Ahmed, who was represented by the state Head of Service, Mrs Zahra ...