OLX Shuts Down Outlets In Nigeria

This is sad news for the online market scene in Nigeria. One of the top online marketplace in the world OLX has officially shut down all its outlets in Nigeria.

According to technology news site, Techpoint, Sjoerd Nikkelen, the CEO of OLX, in Asia, Middle East, and Africa said that they will continue to operate remotely despite not having any physical presence:

“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.
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”.

Meanwhile, all staff are expected to vacate their offices on or before the end of March, that is, a month from now.

Ghana and Kenya are rumoured to be the other two countries that have been affected by this new change.