Notable Companies That Have Sold Their Assets And Left Nigeria - Business - Nairaland
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| Notable Companies That Have Sold Their Assets And Left Nigeria by Godbless9ija(m): 8:25pm On Aug 04, 2023 |
Many international and popular companies operating in Nigeria have sold their assets to local investors and left the country. The companies waved goodbye after years of playing a major role in employing thousands of Nigerians. Below are the list: - Truworths - Etisalat - ExxonMobil - Tiger Brands - HSBC and UBS - Mr Price Group Ltd - Woolworths - Shoprite - Game - Brunel Services plc - Iberia Airline - InterContinental Hotel Group - GSK; just recently announced their departure. The company's CEOs have stated their reasons for leaving Nigeria, with one saying emphatically that he will not return. Reasons why they are leaving Nigeria No doubts, Nigeria is a very attractive market to invest in Africa due to the large population and also demography. Business Day reports that some of the reasons why companies are leaving Nigeria is majorly foreign exchange. Most companies finds it very difficult to get dollars or other foreign currencies to import goods or machineries. It becomes worse that even after βsuccessfullyβ doing business in Nigeria, they find it difficult to repatriate proceeds to their home countries. Read more: https://www.legit.ng/business-economy/economy/1512540-i-coming-list-popular-companies-left-nigeria/ |
| Re: Notable Companies That Have Sold Their Assets And Left Nigeria by TemplarLandry: 8:30pm On Aug 04, 2023 |
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| Re: Notable Companies That Have Sold Their Assets And Left Nigeria by thisisit: 8:35pm On Aug 04, 2023 |
This is one of the consequences of poor or bad governance as provided by BAT (Buhari And Tinubu) in the last 8years plus. The resultant effect is the Unemployment and underemployment in the land. Higher crime rates. Insecurity and Multidimensional Poverty |
| Re: Notable Companies That Have Sold Their Assets And Left Nigeria by verybadmouth(m): 8:35pm On Aug 04, 2023 |
There left for Niger. They're enjoying Niger now |
| Re: Notable Companies That Have Sold Their Assets And Left Nigeria by verybadmouth(m): 8:36pm On Aug 04, 2023 |
thisisit:Don't worry, Obi is coming. When Obi comes, the company's will return. |
| Re: Notable Companies That Have Sold Their Assets And Left Nigeria by OVB123: 8:49pm On Aug 04, 2023 |
And it will continue with this demented fellow in the aim of affairs of this nation. I pity nigerians, who are made to go through difficulties everyday to make a living. |
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