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OLX shut down office in Nigeria

Feb 08 2018 at 06:11am

Popular classified site OLX.com where users can buy new and used goods online has closed their office in Nigeria.
According to a local tech blog, Techpoint the CEO of OLX Asia confirmed the development 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.

We have heard Efritin, and Konga and now OLX. Does this mean internet entrepreneurship in Nigeria isn't so profitable?

Last edited 06 May 2018

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