Classified Platform OLX Shuts Down Office In Nigeria

Reports coming out say multinational media group and investor Naspers has allegedly shut down all OLX offices in Africa except the one in South Africa. Operations in Ghana, Nigeria and Kenya are going to be affected by this announcement.


OLX is a global classifieds platform, with physical presence in nearly 40 countries.

According to a report on Innovation Village, staff in these offices have been informed today and are expected to fully move out by the end of March 2018. The same report says OLX will still be present in these countries but will be run remotely and at press time, the Nigerian and Kenyan websites of OLX are still up and running.

GUYS, WHAT DO YOU THINK?

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Edited by: Endy Edeson
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FACEBOOK COMMENTS

You, Oluwatoyin Obanla and 4 others

Johnson Ahile

they spend too much and unnecessary money on adverts and they don't make anything in return

Endy Edeson

You are right Ahile. They just got popular without much financial gains

Ndiana Asuquo replied · 1 reply

Johnson Ahile

Efritin.com also closed their site too

Efritin has left the building efritin.com

Endy Edeson

yeah, JIJI is the only one waxing strong

Yemisi Frank

biz is folding in naija diz days

Akintoye Adebareh Abdul Akeem

And buhari's government said they have more inflow capital. U said where is the money?

1 ·

Endy Edeson

@Yemisi & Akeem: It's quite sad how businesses in Nigeria are closing doors these days. The govt should do the needful and business owners should put good strategies in place to sustain their businesses

Akintoye Adebareh... replied · 1 reply

Nickyaze Olaolu

I guess you guys are right but let remind guys that the tax bill in Nigeria is high with no benefit from the Government.... I guess if it's advert that is easier to maintain with but when it comes to diesel to run your business so that you can meet people demand it is not inadequate + bad road.
May God almighty help us in this country

Endy Edeson

@Olaolu: Well said. Amen

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