OLX shuts down offices in Nigeria

A classified online marketplace, OLX, owned by Naspers, has notified its Nigerian employees of its intention to close down its offices in Nigeria.
It was gathered that the workers were, on Tuesday, informed formally on this decision through a notice of termination, which will commence in March, and will be followed by the management team in April.
Confirming the decision, Sjoerd Nikkelen CEO of OLX in Asia, was quoted as saying, “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.
OLX is a classified ad platform that connects people in local communities to buy, sell or exchange used goods and services through their mobile phone or on the web. It has physical presence in nearly 40 countries.
It was launched in Nigeria in 2012, and the company said it had more than three million sellers and buyers registered on its platform in 2015 and reported that items valued at N12.1tn were posted for sale on its website in 2016.

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