• WWDC 2025
  • Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home African

OLX Is Shutting Down Its Operations In Nigeria, Days After Konga Got Acquired by Zinox

Paul Balo by Paul Balo
February 7, 2018
in African, App, Business, Commerce
Share on FacebookShare on Twitter

First it was Konga and now OLX. It sure looks like something is going on in the ecommerce sub-sector of the Nigerian economy.

There are signs that OLX, an online commercial space by Naspers, has closed down its workplaces in Nigeria, a move that will certainly affect more than 100 of its staff across Nigeria. Small number but significant however considering that OLX operates in 45 countries and has an average of 54 million monthly listings of items for sale on its website.

It looks like its 100 plus staff were formally learned of the company’s decision through a notice of end, which will begin in March, and will be trailed by the administration group in April.

In a messaged reaction by the Public Relations and Communications Lead, OLX Nigeria, Uche Nwagboso, the organisation affirmed that it settled on a choice to solidify its business holdings in Nigeria.

According to Nwagboso “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,”

She continued by saying, “We continue to be focused on constantly innovating to make sure that OLX remains the top classified 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, began operating in Nigeria in 2012 and is said to have more than three million buyers and sellers listed on its service in 2015 and revealed that items ranging from small things like chargers to large ones like cars valued at N12.1tn/$33b were posted available to be purchased on its site in 2016 alone.

This all comes as Nigeria’s ecommerce sector was predicted to be valued at $13b this year and that’s if you put the value of the participating companies together.  The economic situation may be to be blame in a way as the World Bank now says Nigeria is ranked 145th out of 190 countries in the Ease of Doing Business index for 2018.

Related Posts:

  • xbox 64
    Amazon Is Set To Expand Into Nigeria, South Africa,…
  • African-Startups
    African Startups That Have Raised Money This Year
  • 1706114678242
    Why Contactless Payments are Growing in Nigeria
  • Eyowo To Shut Down Operations Tuesday, June 27; Lay…
  • Traction
    Traction’s Funding Round Signals Growth in Nigerian…
  • a2
    KongaPay Partners with Bibimoney to Standardize…
  • a2
    KongaPay Partners with Bibimoney to Standardize…
  • google-photos-recent-memory
    Nigeria’s AutoChek Makes A New Acquisition In…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: ecommerceenterpriseolxolx nigeriaonline
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • At Last, Meta’s Threads Gets DMs June 10, 2025
    • There Was a Partial ChatGPT Outage Earlier Today June 10, 2025
    • Android 16 Update: Release Date, Device Support, and Features June 10, 2025
    • Nigeria Graduate Creates a Mobile Method Of Payment June 10, 2025
    • Apple Renames All Operating Systems with ’26’ at WWDC 2025 June 10, 2025
    • iPadOS 26 Drops Old Devices, Adds Windowed Multitasking June 10, 2025

    Browse Archives

    June 2025
    MTWTFSS
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    30 
    « May    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • WWDC 2025
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok