If you have heard that leading homecare product maker, PZ Cussons is leaving Nigeria, it is a lie.

The report had emerged on an online forum Nairaland on Wednesday, titled, “PZ pulls out from Nigeria.”

The story, however, lacked body and only one line saying, “details later…” followed the title.

In its response, PZ Cussons in a statement on Thursday, issued by the Chief Executive Officer, PZ Cussons Nigeria Plc, Christos Giannopoulos, described the story as false.

Giannopoulos also responded to another report circulating on the social media with the caption, “Nigeria PZ Cussons to withdraw amid tough conditions,” saying that the headline was misleading and creating the impression that PZ had decided to leave the country.

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The PZ CEO explained that the trading statement issued to the London Stock Exchange was clear on PZ Cussons’ continued operations in Nigeria.

He stated: “While these conditions prevail, we will maintain our strong market shares in key product categories in Nigeria until growth returns to the market.

“This year, 2019, we shall be celebrating 120 years of making life better and adding value to Nigeria.

“In our 120 years of doing business in Nigeria, we have faced different conditions and come out stronger at the end of each phase.”

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