₦airaland Forum

Nairametrics| Nigerian based “e-classified advert payer”, Efritin (pronounced ‘Everything’) has shut down its operations in Nigeria blaming harsh economic conditions. According to an article in the Guardian, the company said the high cost of data and increasing operational cost means it no longer has the financial muscle to remain in Nigeria. The company launched just 16 months ago in Nigeria.

The company has also decided to layoff its employees and are already vacating the head office located in Ikeja while office properties are being auctioned. According to the report, Nils Hammar, the chief executive officer, Saltside Technologies and owners of Efritin, confirmed the decision to close down its Nigerian office, blaming harsh economic conditions in the country as the primary factor. Here is Mr Hammar explaining why they shut down;

“We are reducing our investment in Nigeria. That effectively means we are reducing our staff; everybody has to go. But in terms of using the site, it will continue as before. By investment we mean the investment we made from the launch, it will be reduced,” Hammar said.

“Like I said earlier, data cost is too high and limits the growth potential of the market. if you look at the size of Nigeria and the online activities, there is a big discrepancies. Before e-commerce and classified ad sites will start recouping return in investments (RoI) there has to be drastic reduction in cost of data,”
Nigeria is neck-deep in a recession with consumer demand falling amidst job losses and weaker purchasing power. Most startups and small business face a rather uncertain 2017 and await the passage of the 2017 budget for a glimpse of what the economy holds for them during the year. The world bank on Wednesday projected that Nigeria may be out of recession by the end of the year if oil prices remain about $50 and Nigeria’s crude oil production output avoids militant activities.

The body count is mounting......

Erisco Tomato Paste Factory
Dangote Tomato Paste Factory
Phillips
United Airlines
Iberia
Consolidated Airlines

According to Manufacturers Association of Nigeria (MAN) 272 firms have either closed shop or relocated from Nigeria in just one year due to harsh economic climate. 50 of these firms were manufacturing companies, leading to loss of over 180,000 jobs.

Who is next?

EKITI001:
[img]http://3.bp..com/-_WRwZMACHJ8/WHTtk9Ix46I/AAAAAAAAAqA/fbndFX8WIoIcHtu5EI8eH_gGmb-TG9zOACLcB/s640/jonathan4-e1413733843944.jpg[/img]


We will like to point out for the umpteenth time that whether in office or out of office, former President Jonathan does not own any bank account, aircraft or real estate outside Nigeria. Anyone with contrary information is challenged to publicly publish same.

The clincher!!

Can Buratai, Babachir Lawal, Dambazzau, Abba Kyari, Obasanjo or even Tinubu make similar claim?

Cutezt:
"Stoled" Indeed, Reminds Me Of One Nigga Who Said "The Money "Spended" Was "Spended" Well."

Is it our dear Minister of Finance, Kemi Adesoun who said that one?

As Kemi Olunloyo is, so is Ebun Adegboruwa.

Jobless busybody. Wetin come concern you for the matter.

Millions of RCCG members and hundreds of thousands of of RCCG Pastors around the world understand the changes announced and have no issues with it.

Why is Adegboruwa swallowing panadol for other people's headache?

Attached below is the guarantee letter from Nigerian High Commission to Wellington Hospital, London

Onyibos also bear strange names. Just think about them in your local language

How about these?

Daniel Drinkwater (Leicester)
Sullay Kaikai (Crystal Palace)
Jack Cork (Swansea)
Jack Price
Mark Fish
Gianluigi Buffon (Italian goalkeeper)
David Button (Fulham)
Nicky Butt (ManU/Newcastle)
Diego Penny
Glenn Pennyfather
Grant Leadbitter (Middlesbrough)
George Honeyman (Sunderland)
Michael Ball, Kevin Ball, Matt Ball, etc

ChuzzyBlog:
This was reported spotted somewhere in Lagos! Can someone explain what's happening here? i'm still in shock! Well, this could be as a result of the incessant molestation given to wives by their husbands in recent times... Who knows about this?

Source: http://www.chuzzyblog.com/2017/01/seriously-checkout-this-scary-but.html

Mtcheew. It is a laundry company being creative with advert. Can't you see the hanger?

Sahara Reporters will never carry a story like this.

Princess4ng:
OK SIR

I have not seen it. But I have dropped my email addy on your PM. Check

@Princess4ng will like to add you on facebook.
Can you pm me your FB name? Thanks

Princess4ng:
Lol... Ma ' Abasi the thing vex me

I tell u. I see am. Mme nsinem esit iban ukang nyin ema edaka eda ke ukot. Kudos to you eyen eka mi

Princess4ng:
I see u Oluwaseun Osewa..... Sorry sir... For posting on your forum... I no go post again u hear... Unamikod!!!!

Eeeeuw!! See finishing @bolded

Ufan amanam eti eti

Seun:
Bless him. This doesn't mean he's not an atheist, of course; an atheist is simply someone who doesn't hold a belief in the existence of any God

Seun used the phrase "bless him". Who does this "blessing"?

This is a classic dilemma with all professed atheists. Truth is deep down all creatures acknowledge the existence of God. Whether voluntarily or involuntarily . Seun just proved this fact.

Mujaheeeden:
stop spamming my mention with the same words

Was posting with phone. Network kept tripping up. Had no idea it posted twice

Mujaheeeden:
Nairaland has made me to stop goijng to church and rather building a more personal relationship with God.

Gullibility is on the increase

You should not allow the behaviour of Pastors and their followers affect your faith in God.

Mujaheeeden:
Nairaland has made me to stop goijng to church and rather building a more personal relationship with God.

Gullibility is on the increase

You should not allow the behaviour of Pastors and their followers affect your faith in God.

Original source is the actual Facebook post by Judith Okpokoro

Peroti:
Lols ...but u should add sauce for those who ll eat the yam

Wat do u think?

OK. No wahala. Na so u for talk b4 nau.

I go bring salt and u will bring pepper and curry make the sauce complete.

Anyway, here it is...

https://gossip.naij.com/1078635-you-jesus-generation-lady-hails-pastor-chris.html

Peroti:
@Op..Source or keep mute and delete the thread.

Don't provoke people religiously!

And who exactly am I provoking religiously? The divorcee, jerry curled "king of kings"?

Peroti:
@Op..Source or keep mute and delete the thread.

Don't provoke people religiously!

Keep mute indeed! Just press the red mute button on ur DSTV remote and u will achieve ur objective.

BlackDBagba:
Blasphemy!

The "Blasphemee" has not uttered a word. He is lapping it up. A divorcee "king of kings".

Chai babes and hustle, is like..... Where is that Jacob Zuma picture sef?

This hot praise singer, Judith Okpokoro is probably one the hot Christ Embassy babes warming up take Anita's place in the other room.

Pastor Chris Oyakhilome, the founder of Believers Loveworld popularly known as Christ Embassy, was a year older on December 7, and one of his church members, Judith Okpokoro, decided to 'hail' her spiritual father'. However, her choice of words has got many people talking!

She wrote:

"Happy Birthday to the Spirit in Motion, the Alusi Ego one of the Whole world, the Eze Ndi Eze, the Eze mmuo, the King of Kings, the Lord of Lords, the Jesus of this generation and the generation to come, I bow to you sir and I love you immeasurably."

Ponponkon:
No,Only Ikpeazu is doing the road. The FG owned Ikot Ekpene road was the one Fashola refused to approve for Udom and Ikpeazu to jointly do.

You see how APC Fed Govt is frustrating development in SS and SE? Akwa Ibom and Abia state governments want to use their own money to repair a Federal road, but they will not allow it.

After they want gas to flow from SS to IPP plants in the North and West, and crude oil to flow to Kaduna Refinery unhindered.

axeman10:
And one disadvantage - Increased probability of Prostrate Cancer. Haaaa Yes! it is scientifically proven.

The choice is yours.

Risk of prostrate which one? Too much sex or too little?

MizFrances:
Are you okay

Ehn? Another slap.

This is serious! And I thought all along that women generally love money more than sex!

MizTyna:
Why? How long should she wait? 7years?

Blood of Buhari! So women like sex like this?

With this serious recession, women mind still dey for sex?

My dear women, please note that a man's libido is inversely proportional to the economic health of the nation.

With not enough money to feed the home and take care of all the responsibilities, the last thing in men's mind is sex.

I thought women don't like sex before?

I have been laffing since morning.
Someone should help me ooooooo

Abeg, how will the judge enforce this judgment?

So every time the husband wants to knack or serve the punishment , he will invite the court bailiff to come and witness the action.

This is more than hilarious. Hahahaahahaha.

jamalnation:
Na by force.. If d husband no comply wetin go be d punishment

The judge will increase the punishment from once every week to 3 times daily of hot seks. And the woman must attain at least 2 orgams during each round. Hahahahaha

See fake Chinese travelling bags.

No be old newspapers full the luggages so?
Why dem no open the bags make we see wetin dey inside?

ban today, un-ban tomorrow...

ban, un-ban, ban, un-ban, ban, un-ban, ban, un-ban,...........

Confused bunch of mofos. Mtcheew