LIST: Companies that exited Nigeria in 5 years, and Why…

VIA TRENDING EXPLAINED ON X:

• Companies that exited Nigeria in 5 years, and Why.

1. ShopRite (Economic Decline) *
2. Uber (Economic Pressure)
3. Guinness (Forex Instability) *
4. Netflix (Inflation) **
5. Sanofi (Naira Devaluation)
6. Kimberly-Clark (Inflation + Operating Costs)
7. Equinor (Unprofitability)
8. Pick n Pay (Difficult Economy)
9. Amazon Prime (Inflation) **
10. Procter & Gamble (P&G) (Forex Instability)
    11 GlaxoSmithKline Consumer Nigeria (GSK) (Forex Instability + Inflation)
11. Bolt Food (Economic Pressure)
12. Jumia Food Nigeria (Unprofitability)
13. Food Court (Financial Difficulty)
14. Microsoft (Economic Adjustment) **
15. TotalEnergies Nigeria (Vandalism and Security) ^
16. Shell (Theft and Security) ^
17. ExxonMobil (Declining Production) ^
18. Etisalat (Economic Pressure)

Key * : Parent company exited and franchised but still operates.

Key **: Pulled major local funding, but still in use.

Key ^: Divested major assets but still operates.