- The Nigerian economy has seen the exit of famous multinational companies in recent years
- In the last four years, multinationals and local firms have shut down in the country, citing various reasons
- The most recent exit is Pick n Pay, the South African grocery retailer which cited economic challenges for leaving the country
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Recently, Nigeria has seen a rising trend of multinational and local firms packing up and relocating their operations due to economic challenges, currency devaluation and increasing operational costs.
Legit.ng reported that Pick n Pay, the South African grocery retailer, is the latest foreign firm to exit the Nigerian market. The company disclosed its intention to close shops in Nigeria.
Pick n Pay cites reasons for exit
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