Unilever Nigeria Plc is a publicly listed company with trading and manufacturing interest in the consumer goods market.
In 1982, the firm began producing edible products such as Royco, Blue band and Tree top in Agbara, Ogun State.
[4] In addition, the company went through a period of mergers and acquisition; acquiring Lipton Nigeria in 1985 and later merging with Vaseline manufacturer, Chesebrough Products Industries in 1988.
During this period, the company embarked on a backward integration scheme in order to source its raw materials locally.
The merger gave Unilever control of the newly merged entity, this was the first time since the indigenisation decree was scrapped that a multinational will have majority equity in a quoted Nigerian company.