Halal, with purification
PZ Cussons Nigeria passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: PZ · Consumer goods · Screened 4 Sept 2026
PZ Cussons Nigeria Plc manufactures and distributes fast-moving consumer goods and consumer electricals in Nigeria, with a history in the country spanning more than 120 years. The company was incorporated on 4 December 1948, became a public company in 1972, and was granted a listing on the Nigerian Stock Exchange that same year . It previously operated under the names P.B. Nicholas and Company Limited (1948), Alagbon Industries Limited (1953), Associated Industries Limited (1960), and Paterson Zochonis Industries Limited (1976), before adopting its present name on 21 September 2006 .
The business reports five segments: personal care, beauty, home care, electrical, and food and nutrition. Personal care brands include Imperial Leather, Carex, Cussons Baby, Premier, Robb, Venus and Joy. Home care covers Zip and Morning Fresh. The electricals segment sells refrigerators, washing machines, air conditioners and other appliances under Haier Thermocool and TEC. Food and nutrition covers Yo!, Nunu, Coast, Bliss, Mamador and Olympic. Its core categories of soaps, detergents, skin care and baby products sit in household purchasing patterns that are frequent and relatively resilient.
The company has undergone a significant leadership transition. Dimitris Kostianis, who led the company as CEO since 2023 , resigned effective 31 May 2026 to assume a new role within the wider PZ Cussons Group . Board Chair Ifueko M. Omoigui Okauru noted that Kostianis "will leave a significant legacy, having successfully led the business through challenging macroeconomic conditions and creating the foundations for a strong future" . Oghale Joseph Elueni was appointed Managing Director and Chief Executive Officer effective 1 June 2026, while Chief Financial Officer Ebenezer Oludare Elusakin was elevated to Executive Director and CFO . Elusakin has served as CFO since November 2024 and previously held finance leadership roles at Unilever, Diageo and Royal Philips .
For the financial year ended 31 May 2026, revenue rose 22.49% to N260.46 billion from N212.63 billion, supported by higher sales volumes across electrical and consumer businesses, pricing initiatives, brand investments, and stronger route-to-market execution . Profit before tax surged 364% to N77.32 billion from N16.66 billion, driven by stronger sales, foreign exchange gains, property sales, and lower finance costs . Non-durable consumer goods accounted for 58.6% of revenue, while electrical appliances accounted for 41.4% . Nigeria accounted for 97.1% of net sales . At group level, the parent company reported revenue of £541 million, up 5.4%, with Nigeria contributing 22% revenue growth .
Five segments: personal care, beauty, home care, electrical, and food and nutrition.
Yes, with purification. As of 4 September 2026, PZ Cussons Nigeria (PZ) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.