UK‑based consumer goods company PZ Cussons Plc has agreed to sell its 50% stake in PZ Wilmar Limited, a major palm oil processing and edible oils business in Nigeria, to joint‑venture partner Wilmar International for approximately $70 million.
The move marks PZ Cussons’ full exit from Nigeria’s palm oil sector, a business it helped build since 2010. Management says the sale will allow the firm to streamline its portfolio, concentrate on core product lines, and improve its overall financial performance amid ongoing pressures from inflation and currency volatility.

While Wilmar plans to take full ownership of the company — including popular household cooking oil brands — the transition is expected to ensure continuity for local operations and employees, even as PZ Cussons shifts focus to its global consumer goods strategy.

This development highlights the structural shifts taking place in Nigeria’s growing economy.