fbpx

GSK to exit Nigeria after 51 years of operations

Recently it was disclosed that the GSK UK Group has informed GlaxoSmithKline Consumer Nigeria PLC of its strategic intent to cease commercialization of its prescription medicines and vaccines in Nigeria through the GSK local operating companies and transition to a third-party direct distribution model for its pharmaceutical products,” GSK Nigeria Plc said in a statement seen by BusinessDay.

It added, “The Haleon Group has also separately informed the Board of its intent to terminate its distribution agreement in the coming months and to appoint a third-party distributor in Nigeria for the supply of its consumer healthcare products.”

“The Board of GlaxoSmithKline Consumer Nigeria Plc has concluded that there is no alternative but to cease operations,” GSK Nigeria said in an official statement signed by its company secretary, Frederick Ichekwai.

“Today we are briefing our employees whom we will treat fairly, respectfully and with care, meeting all applicable legal and consultation requirements,” the company said.

Is GSK leaving Nigeria?

The company said its board is conscious that shareholders will have many questions; “We have been working assiduously with our professional advisors to agree on next steps and we will be shortly submitting to the Securities and Exchange Commission (SEC) a draft Scheme of Arrangement which may, if approved, see shareholders other than GSK UK, receive an accelerated cash distribution and return of capital.”

“The Board acknowledges the support of the GSK Group in its intentions to make this possible, full details of which we hope to publish shortly. In the meantime, however, we cannot give you assurance of the final terms of any scheme, or that any scheme will be approved by the SEC or by shareholders,” GSK said.

It added, “Shareholders are advised to seek professional advice and continue to exercise caution when dealing in the company’s shares until a further announcement is made.”

GlaxoSmithKline Consumer Nigeria Plc was incorporated in Nigeria on 23rd June 1971 and commenced business on 1st July 1972, under the name Beecham Limited. Its Head office is located at 1 Industrial Avenue, Ilupeju, Lagos.

The Company was quoted on the Nigerian Stock Exchange in 1977. In 1982, in order to expand our operations in the country, an ultra-modern drinks factory was established in Agbara Industrial Estate, Ogun State, which has since been expanded to include facilities to manufacture Oral Healthcare (OHC) and Wellness products.

In line with our commitment to continuous improvement, we regularly update our facilities to meet the ever-increasing demands of our consumers.

Source: @businessday

>>>Next Article
<<<Previous Article

63 Comments

  • Sutter Health
    August 10, 2023

    Nice blog

  • Eqcnlo
    August 14, 2023

    fenofibrate 200mg generic order tricor 160mg generic tricor us

  • Kcpxod
    August 18, 2023

    order zaditor without prescription buy imipramine pills tofranil 25mg brand

  • Pxvhmg
    August 19, 2023

    cheap cialis 10mg viagra australia sildenafil in usa

  • Lkvlqx
    August 21, 2023

    order precose 25mg for sale buy fulvicin online purchase griseofulvin online

  • Afoakc
    August 22, 2023

    minoxytop order order tadalafil 20mg pills over the counter erectile dysfunction pills

  • Ecjdfs
    August 24, 2023

    order aspirin sale levofloxacin uk cheap imiquad

  • Ihccdt
    August 26, 2023

    how to buy dipyridamole dipyridamole 25mg for sale cost pravachol 10mg

  • Ivlqji
    August 28, 2023

    order generic meloset 3mg buy aygestin 5mg for sale danocrine 100mg usa

  • Qzbzlf
    August 30, 2023

    florinef online cost bisacodyl 5 mg imodium drug

  • Cwystb
    August 30, 2023

    buy duphaston 10 mg sale buy januvia 100mg online cheap buy empagliflozin 10mg online

  • js加固
    August 31, 2023

    js加固 hello my website is js加固

  • slot 168
    August 31, 2023

    slot 168 hello my website is slot 168

  • yolo 4d
    August 31, 2023

    yolo 4d hello my website is yolo 4d

  • yupp
    August 31, 2023

    yupp hello my website is yupp

  • revo 4d
    August 31, 2023

    revo 4d hello my website is revo 4d

  • Scorebr
    August 31, 2023

    Scorebr hello my website is Scorebr

  • zeua138
    August 31, 2023

    zeua138 hello my website is zeua138

  • warun
    August 31, 2023

    warun hello my website is warun

  • Rbvses
    September 2, 2023

    prasugrel over the counter order dramamine generic tolterodine 2mg over the counter

  • MichaelkeW
    September 2, 2023

    To announce present dispatch, ape these tips:

    Look for credible sources: http://lawteacher.ac.uk/wp-content/pages/news-reporter-in-spongebob-who-is-it.html. It’s important to secure that the expos‚ outset you are reading is respected and unbiased. Some examples of good sources tabulate BBC, Reuters, and The Modish York Times. Announce multiple sources to get back at a well-rounded aspect of a particular news event. This can improve you carp a more ideal display and avoid bias. Be in the know of the perspective the article is coming from, as set reputable telecast sources can contain bias. Fact-check the dirt with another origin if a news article seems too staggering or unbelievable. Always be inevitable you are reading a current article, as tidings can change quickly.

    By following these tips, you can become a more in the know dispatch reader and more wisely apprehend the world here you.

  • Slpekd
    September 3, 2023

    monograph online order order etodolac 600 mg sale order cilostazol 100mg

  • Vxounu
    September 5, 2023

    ferrous 100mg for sale buy betapace 40mg without prescription sotalol 40mg tablet

  • Rmcsoh
    September 7, 2023

    pyridostigmine 60 mg without prescription buy generic mestinon online maxalt 5mg oral

  • Bsgkmq
    September 8, 2023

    order vasotec 5mg online cheap lactulose over the counter duphalac generic

  • DavidTit
    September 10, 2023

    Altogether! Find expos‚ portals in the UK can be overwhelming, but there are scads resources available to cure you find the unexcelled identical as you. As I mentioned already, conducting an online search representing https://marinamarina.co.uk/articles/age-of-eboni-williams-fox-news-anchor-revealed.html “UK newsflash websites” or “British intelligence portals” is a enormous starting point. Not but purposefulness this grant you a comprehensive shopping list of report websites, but it will also afford you with a punter pact of the coeval hearsay view in the UK.
    On one occasion you secure a file of future rumour portals, it’s critical to estimate each one to determine which upper-class suits your preferences. As an example, BBC Intelligence is known in place of its objective reporting of news stories, while The Guardian is known representing its in-depth criticism of partisan and sexual issues. The Self-governing is known representing its investigative journalism, while The Times is known by reason of its business and finance coverage. By entente these differences, you can select the talk portal that caters to your interests and provides you with the newsflash you have a yen for to read.
    Additionally, it’s significance considering neighbourhood pub expos‚ portals representing proper to regions within the UK. These portals yield coverage of events and good copy stories that are fitting to the area, which can be specially helpful if you’re looking to hang on to up with events in your neighbourhood pub community. In place of exemplar, municipal communiqu‚ portals in London include the Evening Pier and the Londonist, while Manchester Evening Scuttlebutt and Liverpool Reflection are hot in the North West.
    Blanket, there are many bulletin portals readily obtainable in the UK, and it’s significant to do your digging to unearth the everybody that suits your needs. At near evaluating the unalike news portals based on their coverage, dash, and article perspective, you can judge the a person that provides you with the most apposite and interesting low-down stories. Esteemed destiny with your search, and I ambition this data helps you find the just right expos‚ portal suitable you!

  • DavidTit
    September 10, 2023

    Altogether! Find info portals in the UK can be crushing, but there are scads resources accessible to boost you mark the perfect identical as you. As I mentioned already, conducting an online search with a view https://ccyd.co.uk/news/lawrence-jones-fox-news-contributor-height-how.html “UK newsflash websites” or “British information portals” is a enormous starting point. Not but desire this hand out you a thorough slate of hearsay websites, but it determination also lend you with a better brainpower of the coeval hearsay scene in the UK.
    In the good old days you secure a list of embryonic news portals, it’s powerful to estimate each one to shape which richest suits your preferences. As an case, BBC Intelligence is known quest of its disinterested reporting of information stories, while The Guardian is known for its in-depth breakdown of political and group issues. The Self-governing is known representing its investigative journalism, while The Times is known in the interest of its affair and investment capital coverage. During entente these differences, you can pick out the rumour portal that caters to your interests and provides you with the news you call for to read.
    Additionally, it’s usefulness looking at close by expos‚ portals because fixed regions within the UK. These portals lay down coverage of events and dirt stories that are akin to the область, which can be firstly cooperative if you’re looking to hang on to up with events in your close by community. In search exemplar, shire news portals in London contain the Evening Paradigm and the Londonist, while Manchester Evening Hearsay and Liverpool Echo are hot in the North West.
    Inclusive, there are numberless news portals accessible in the UK, and it’s high-ranking to do your digging to see the one that suits your needs. At near evaluating the unalike low-down portals based on their coverage, variety, and position statement standpoint, you can judge the one that provides you with the most related and interesting info stories. Decorous success rate with your search, and I hope this tidings helps you discover the correct dope portal for you!

  • Jrzbxc
    September 11, 2023

    order generic betahistine brand benemid order probenecid 500 mg pills

  • Cvntjp
    September 12, 2023

    buy latanoprost no prescription capecitabine online buy cost rivastigmine 6mg

  • Wzkrob
    September 13, 2023

    omeprazole cost metoprolol 100mg for sale lopressor pill

  • Uygszq
    September 14, 2023

    order premarin 600 mg generic buy viagra 100mg without prescription viagra ca

  • Xxfqcm
    September 15, 2023

    buy telmisartan 80mg for sale brand plaquenil 200mg buy molnunat for sale

  • Mxyfhk
    September 17, 2023

    buy cenforce 100mg pill chloroquine for sale online aralen generic

  • Sajyiq
    September 17, 2023

    cialis coupon cvs purchasing viagra on the internet viagra 100mg uk

  • Pdyofp
    September 19, 2023

    purchase omnicef pills omnicef online order order lansoprazole 30mg online cheap

  • Pvkxnt
    September 20, 2023

    modafinil drug buy deltasone generic buy deltasone 40mg for sale

  • DanielGut
    September 23, 2023

    http://interpharm.pro/# canada prescription drugs online
    no prescription needed – internationalpharmacy.icu A one-stop-shop for all my health needs.

  • Nbzlpz
    September 23, 2023

    buy accutane 20mg for sale buy amoxil 250mg online cheap buy zithromax no prescription

  • Yendfk
    September 24, 2023

    buy atorvastatin generic amlodipine 10mg cost order norvasc 10mg pills

  • ArchieSot
    September 24, 2023

    https://farmaciaonline.men/# farmacie on line spedizione gratuita

  • ArchieSot
    September 25, 2023

    https://pharmacieenligne.icu/# Acheter mГ©dicaments sans ordonnance sur internet

  • Kpkzph
    September 25, 2023

    azipro 250mg sale prednisolone over the counter cost neurontin

  • ArchieSot
    September 26, 2023

    http://pharmacieenligne.icu/# Pharmacie en ligne pas cher

  • Sbuelq
    September 27, 2023

    order protonix online buy generic phenazopyridine over the counter pyridium 200mg over the counter

  • Wtezhs
    September 27, 2023

    casino games free purchase lasix sale order lasix 40mg

  • Rickeycib
    September 27, 2023

    Viagra sans ordonnance 24h

  • Rickeycib
    September 28, 2023

    internet apotheke: kamagra oral jelly – п»їonline apotheke

  • Enxnmg
    September 29, 2023

    real online casino buy doxycycline 100mg online cheap ventolin 2mg uk

  • Rickeycib
    September 29, 2023

    farmacia online piГ№ conveniente: farmacie online affidabili – farmacia online piГ№ conveniente

  • Cuqfvy
    September 30, 2023

    amantadine 100mg pill dapsone 100 mg us buy dapsone 100 mg sale

  • Wnntvf
    October 1, 2023

    online black jack no deposit free spins buy stromectol 6mg

  • RogerJoymn
    October 1, 2023

    Love their range of over-the-counter products. mexico drug stores pharmacies: buying from online mexican pharmacy – mexican mail order pharmacies

  • FelixPeare
    October 1, 2023

    pharmacy website india: top online pharmacy india – world pharmacy india

  • RogerJoymn
    October 2, 2023

    I’ve sourced rare medications thanks to their global network. canadian pharmacy store: canadian pharmacy 1 internet online drugstore – canadian pharmacy meds

  • Pcvhgz
    October 2, 2023

    casino online casino slots levoxyl price

  • FelixPeare
    October 3, 2023

    purple pharmacy mexico price list: mexican drugstore online – reputable mexican pharmacies online

  • RogerJoymn
    October 3, 2023

    Outstanding service, no matter where you’re located. mexico drug stores pharmacies: buying prescription drugs in mexico – buying prescription drugs in mexico

  • Jshunn
    October 3, 2023

    medrol 16 mg oral medrol cost in usa aristocort canada

  • FelixPeare
    October 4, 2023

    canadian pharmacy store: trustworthy canadian pharmacy – canadian pharmacy prices

  • Lqfwqt
    October 4, 2023

    serophene cost imdur 20mg pills buy generic azathioprine

  • RogerJoymn
    October 4, 2023

    Exceptional service every time! cheapest online pharmacy india: indianpharmacy com – indian pharmacy paypal

  • Enala
    October 4, 2023

    All Jackpots Casino supports many major currencies including the British Pound, Euros, Australian and US Dollars, and some Scandinavian currencies. The mobile app for iPhone or Android devices is available in either the English, German, French, Italian or Swedish language and can be used in countries worldwide with the notable exception of the United States, Italy, Spain, France, Turkey, Greece and some others. As High 5 Casino is not a real money casino, it is often referred to as High 5 social casino or as High 5 Sweepstakes Casino. This is because using High 5 Casino sweepstakes tokens, sweeps, is what enables you to win real prizes. Again, these prizes cannot be cash as real money online casinos are not legal in most US states, so they are usually in the form of gift cards. 01. Collect 1,000+ Free Coins 02. Collect 1,000+ Free Coins 03. Collect 1,000+ Free Coins 04. Collect 1,000+ Free Coins
    https://getsocialselling.com/story419210/free-online-poker-no-betting
    Manage your budget when playing online with our player-friendly tools. In addition, Kiwis playing at these New Zealand dollar gambling destinations can expect lots of pokies to choose from. This, of course, guarantees endless fun and thrilling casino adventures. A rich offer of NZ dollar bonuses and promos is on the menu too. So, bonus hunters will have a lot to look forward to as well. Our team of NZD online casino experts made sure to test and find only the casinos that support the New Zealand currency. In result, our readers can expect nothing less than perfect when gambling with NZ$ online casinos and betting sites. What better way to start your time at Casino Classic than with a DEPOSIT-FREE CHANCE to hit a guaranteed million dollar jackpot, ready for you right now when you create your account.

  • Michaelutelo
    October 4, 2023

    canadian drug stores: rate canadian pharmacies – canadian pharmacy 24h com safe

Add Comment

Insurance Quote


    Please prove you are human by selecting the Truck.