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CONFIRMED: INEC postpones 2019 General Elections - ITREALMS

ITREALMS : The Independent National Electoral Commission (INEC) has postponed the 2019 General Elections scheduled for Saturday, 16th F...

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ICT4D Week 2018

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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