Business

Unilever is cutting 1,500 management jobs around the world as the consumer goods giant comes under intense pressure from shareholders to boost growth. The cuts amount to a 15% reduction in the number of senior managers and 5% of junior managers, Unilever said in a statement on Tuesday. Factory workers will not be affected. Unilever, which owns household-name brands including Ben & Jerry’s and Dove, said it’s moving to a “simpler” structure divided into five business units — Beauty and Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream — each with their own president. CEO Alan Jope said the overhaul will allow Unilever to be “more responsive to consumer and channel trends” with “crystal-clear accountability for delivery.” “Growth remains our top priority and these changes will underpin our pursuit of this,” added Jope. Shareholders have ratcheted up the pressure on Unilever after its stock sank 10% last year. The…

Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. In a two month Transact and Win campaign that started on November 22, 2021, First Bank of Nigeria Limited is rewarding several customers for carrying out transactions on its Firstmonie Wallet application.

Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary of its flagship artificial intelligence Chabot, with new offerings set to further change the face of digital banking in Nigeria.

Heritage Bank plc has reiterated its commitment to promoting sports in Nigeria, in partnership with Lagos State Government to back the 3rd Edition of the annual Lagos Value Jet Para Table Tennis championship.