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Why We Are Closing Our Nigeria Office - OLX - Business - Nairaland

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Why We Are Closing Our Nigeria Office - OLX by Solomonudofia(m): 11:53am On Feb 10, 2018



One of Africa’s leading online classified platforms, OLX, said the need to consolidate international operations of the company led to the decision to close its Nigeria office.

This information was disclosed in a statement issued by the OLX Nigeria’s Public Relation and Communication Lead, Uche Nwagboso in Lagos on Thursday, February 8, 2018. The company further added that its operation and services will be active in the country.

The company’s statement reads: "We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally.”

"Our marketplace will continue to operate here - uninterrupted - as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month. We continue to be focused on constantly innovating to make sure that OLX remains the top classifieds platform in the country."

OLX was founded in 2006 by Alec Oxenford and Fabrice Grinda to serve as an alternative to Craigslist. The Nigeria office of the company was opened in 2012.

In 2014, a South African media group, Naspers, bought a majority stake in the company in 2010. At present, Naspers owns 95% of the business.

"Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.

“As we've expressed to them directly, we are extremely grateful for their many significant contributions to OLX's success," the statement added.

OLX currently operates in 45 countries across the world including Nigeria, Kenya and South Africa. The company is rated as the largest online classified ads company in India, Brazil and Eastern European countries.

Source: http://www.clintgist.com/why-we-are-closing-our-nigeria-office-olx/

cc: lalasticlala

3 Likes 4 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by SweetyZinta(f): 12:03pm On Feb 10, 2018
Hmmmm

1 Like

Re: Why We Are Closing Our Nigeria Office - OLX by kestolove95(m): 12:19pm On Feb 10, 2018
why do south Africa hate nigeria? now dey hv rendered our boys jobless..nobody shud trade on olx again

47 Likes 2 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by Nobody: 4:32pm On Feb 10, 2018
South Africans are bigots. First it was PayPal, then MTN and their exorbitant data and call plans, and now OLX has sacked Nigerians from their jobs. Retards

12 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by Promismike(m): 7:31am On Feb 11, 2018
The dullard is doing really great.

64 Likes 2 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by lastempero: 7:31am On Feb 11, 2018
The Heat generated by buhari is too much for them.

44 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by frankobaba(m): 7:31am On Feb 11, 2018
SEE WETIN BUHARI AND HIM SUFFER HEAD GOVERNMENT DE CAUSE. VERY SOON WE WILL ALL LEAVE NIGERIA FOR HIM TO RULE HIMSELF ALONE.

125 Likes 7 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by Sijo01(f): 7:32am On Feb 11, 2018
OLX, sell it!

5 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by free2ryhme: 7:32am On Feb 11, 2018
Solomonudofia:



One of Africa’s leading online classified platforms, OLX, said the need to consolidate international operations of the company led to the decision to close its Nigeria office.

This information was disclosed in a statement issued by the OLX Nigeria’s Public Relation and Communication Lead, Uche Nwagboso in Lagos on Thursday, February 8, 2018. The company further added that its operation and services will be active in the country.

The company’s statement reads: "We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally.”

"Our marketplace will continue to operate here - uninterrupted - as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month. We continue to be focused on constantly innovating to make sure that OLX remains the top classifieds platform in the country."

OLX was founded in 2006 by Alec Oxenford and Fabrice Grinda to serve as an alternative to Craigslist. The Nigeria office of the company was opened in 2012.

In 2014, a South African media group, Naspers, bought a majority stake in the company in 2010. At present, Naspers owns 95% of the business.

"Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.

“As we've expressed to them directly, we are extremely grateful for their many significant contributions to OLX's success," the statement added.

OLX currently operates in 45 countries across the world including Nigeria, Kenya and South Africa. The company is rated as the largest online classified ads company in India, Brazil and Eastern European countries.

Source: http://www.clintgist.com/why-we-are-closing-our-nigeria-office-olx/

cc: lalasticlala

It still did not say why they are closing their Nigeria office

132 Likes 4 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by Readonee35L(m): 7:32am On Feb 11, 2018
sad
Re: Why We Are Closing Our Nigeria Office - OLX by freak33: 7:33am On Feb 11, 2018
radiokilla:
South Africans are bigots. First it was PayPal, then MTN and their exorbitant data and call plans, and now OLX has sacked Nigerians from their jobs. Retards

what stops you from employing them? its their company they can do whatever they want to do with it.

38 Likes 2 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by ITbomb(m): 7:33am On Feb 11, 2018
Bad economy and working environment, simple

That polytechnic minister would be looking for numerous ways to increase tax instead of helping businesses grow

31 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by 12345baba(m): 7:33am On Feb 11, 2018
Make them go we go build ours

1 Like

Re: Why We Are Closing Our Nigeria Office - OLX by Soreza(m): 7:34am On Feb 11, 2018
THE ZOOLOGICAL REPUBLIC IS A FAILURE

26 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by yesloaded: 7:34am On Feb 11, 2018
Re: Why We Are Closing Our Nigeria Office - OLX by Gangster1ms: 7:35am On Feb 11, 2018
How i go take advertise and sell buhari now sad

28 Likes 3 Shares

Re: Why We Are Closing Our Nigeria Office - OLX by Bullhari007(m): 7:35am On Feb 11, 2018
Buhari is a useless cow

9 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by Chuks9000: 7:36am On Feb 11, 2018
free2ryhme:


It still did not say why they are closing their Nigerian office

Honestly, it is apparent that all the many lines didn't still say why they were closing the Nigeria office.

25 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by fixedhollies(m): 7:38am On Feb 11, 2018
This is an opportunity for any vibrant entrepreneur to tap into... olx came up as alternative to Craigslist... let's av a replacement. Jiji would av bn, d site and app are tiring. Not well programmed

5 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by Primehomesng: 7:38am On Feb 11, 2018
Naspers has been losing money on their ecommerce businesses in Nigeria for some time

2 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by kings09(m): 7:38am On Feb 11, 2018
Under buhari, Nigeria no pay again.

Soon they ll start tax for closing ur business.

Buhari sef. Wat a bad luck

23 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by hezy4real01(m): 7:39am On Feb 11, 2018
Its so simple PMB is not favoring you guys

12 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by rawtouch: 7:41am On Feb 11, 2018
another one leaves..

5 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by money121(m): 7:41am On Feb 11, 2018
Who Olx Epp
Re: Why We Are Closing Our Nigeria Office - OLX by FarahAideed: 7:41am On Feb 11, 2018
We can't blame them , why should anyone keep investing in a country where cattles are taken more serious than human lives ...

19 Likes 1 Share

Re: Why We Are Closing Our Nigeria Office - OLX by GMBuhari: 7:42am On Feb 11, 2018
BS as usual

If they want to leave , why shouldn't they leave ? afterall the release said the site and apps will be active

All these let's boycott everything people

boycott gtbank for innonso

boycott beef to protest against herdsmen

Now boycott olx


wEHDON SAH
kestolove95:
why do south Africa hate nigeria? now dey hv rendered our boys jobless..nobody shud trade on olx again

3 Likes

Re: Why We Are Closing Our Nigeria Office - OLX by Isaacpyo04(m): 7:42am On Feb 11, 2018
Okay
Re: Why We Are Closing Our Nigeria Office - OLX by loadedvibes: 7:42am On Feb 11, 2018
Chai Olx have go

1 Like

Re: Why We Are Closing Our Nigeria Office - OLX by EmmaLege: 7:44am On Feb 11, 2018
Ok
Re: Why We Are Closing Our Nigeria Office - OLX by kokomaster3d: 7:44am On Feb 11, 2018
Lets boycot OLX and use our own yakata.com.ng

2 Likes 2 Shares

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