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Ojobo bags NIPR Presidential award

ITREALMS : The spokesman of Nigerian Communications Commission (NCC), Mr. Tony Ojobo, has been selected as receipient of the 2017 Niger...

Friday, February 19, 2016

South African Truworths pulls out of Nigeria over hash environment

ITRealms:


The South Africa’s Truworths has pulled out of Nigeria, citing hash business environment, reports ITRealms.

A report by Reuters also stated that Truworths exit was because business high rentals and import restrictions.

Reuters further quoting the chief executive officer, Truworths, Mr. Michael Mark as saying that Thursday lamenting unfriendly business environment that now exist in Nigeria.

“We were unable to operate the stores properly any longer because we were unable to send merchandise to the stores because there's regulation preventing that,” Mark said.

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