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Multinational Company, Kimberly-Clark Exits Nigeria Over Harsh Economy After 14-Year Operation
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The American multinational and makers of “Huggies”, Kimberly-Clark, has exited the Nigerian market, citing the harsh economy.
The company’s decision comes after it has operated locally in Nigeria for 14 years, according to a statement issued on Friday.
According to the statement, the company intended to adjust global strategic priorities and the prevailing economic conditions in Nigeria.
“Kimberly-Clark today announces it has made the difficult decision to exit its business in Nigeria after almost 15 years, due to recently refocused company strategic priorities globally as well as economic developments in the country,” the statement read.
The firm announced that it would close its manufacturing facilities and commercial office in Lagos State, ending production, marketing, and sales of Huggies and Kotex products in Nigeria.
The company informed everyone that its first priority was to uphold its commitments and guarantee that workers and partners are treated fairly and respectfully during the transition.
Kimberly-Clark had invested significantly in Nigeria, opening a factory in the Ikorodu area of Lagos in 2022, which was estimated to cost over $100million.
The company’s exist follows a recent trend of multinational corporations exiting the Nigerian market.
In August 2023, GlaxoSmithKline Consumer Nigeria Plc announced plans to transfer its business activities to a third-party organisation.
Similarly, in November 2023, French pharmaceutical company, Sanofi-Aventis Nigeria Limited, halted its direct operations in the country.
By December 2023, Procter and Gamble also revealed plans to shift from local production to importing its products.
The departure of these international companies signals a challenging business environment in Nigeria, prompting reassessments of market strategies by global firms.
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EMPOWERMENT! Senator Manu doles out N2.5m to support constituent’s fashion design business(Photos)
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Senator Manu Haruna of Taraba Central Senatorial District has made a significant impact on the life of a constituent by empowering him with over 2.5 million Naira to enhance his fashion design business.
This initiative aims to support local entrepreneurship and encourage vocational skills development within the community.
The delegation representing Senator Manu included Hon. Aruwa, the Taraba State Commissioner for Science and Technology, alongside Hon. Abubakar Baffa Nanu, Chairman of Gassol Local Government Council, and Alhaji Raubilu Umar, Hon. Ubale Gambo. They presented the cash to Falalu, who is commonly referred to as Sarkin Yakin Manu in a gathering held at the residence of Alhaji Raubilu Umar in Jalingo.
Falalu Sarkin Yakin Manu expressed his heartfelt gratitude to Senator Manu for this generous support, highlighting how the funds will significantly boost his tailoring business and provide better services to the community.
This empowerment initiative reflects Senator Manu’s commitment to fostering skills development and economic growth in the Taraba Central Senatorial District.
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Citizenship for sale as Trump announces “Gold Card” Immigration Plan, $5M
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By Kayode Sanni-Arewa
President Donald Trump has announced a new immigration “Gold Card” that will be sold to immigrants for $5 million.
The Gold Card is a premium version of a Green Card, according to Trump, and will provide immigrants with a pathway to citizenship.
“We’re gonna be selling a gold card. You have a green card, this is a gold card. We’re gonna be putting a price on that card of about $5 million and that’s gonna give you green card privileges plus…”
“It’s gonna be a route to citizenship. And wealthy people will be coming into our country by buying this card.”
“They’ll be wealthy and they’ll be successful and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people.”
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SAD! Lady Loses 3-Year-Old Son Hours After Allowing Father Take Him for Weekend Visit
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By Kayode Sanni-Arewa
A Nigerian lady has taken to social media to share the heart rending story of how she lost her three-year-old son hours after allowing his father to take him for the weekend.
The sad mother, who had single-handedly raised her son after being abandoned during pregnancy, expressed deep sorrow and regret over her decision to let his father back into their lives.
According to her, the child’s father had denied responsibility when she was pregnant and made no effort to be part of their son’s life until he returned from abroad, got married, and sought forgiveness. In an attempt to foster a relationship between father and son, she allowed him to take the boy for a weekend visit—an act she now deeply regrets.
Tragically, less than nine hours after leaving with his father, the little boy drowned in a deep well. The devastated mother, who had just returned from work, was met with the shocking news that her only child was gone forever.
In a post, she poured out her grief, questioning why such a tragedy had befallen her innocent child.
“Junior was only 3; he didn’t deserve to leave this world so soon. God, why?” she lamented.
May the soul of the little boy rest in peace.
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