OLX Closing Offices in Nigeria

The online marketplace, OLX are set to close its offices in Nigeria, a move that will affect hundreds of its employees.

Information reaching TheTotalEntrepreneurs is that the workers have already been formally informed of the decision on Tuesday through a notice of termination, which will commence in March, and will be followed by the management team in April.

olx closes offices in Nigeria

OLX is owned by a South African Media and Technology Group, Naspers.

When contacted on this development, the Public Relations and Communications Lead, OLX Nigeria, Uche Nwagboso,  confirmed that the company made a decision to consolidate its business operations in Nigeria.

According to her, the company has made provision for financial compensation for the workers that will be affected.

“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,” Nwagboso said.

She added, “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, which launched in Nigeria in 2012, said it had more than three million sellers and buyers registered on its platform in 2015 and reported that items valued at N12.1tn were posted for sale on its website in 2016.

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    Francis Nwokike

    Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

    2 Responses

    1. Carol Bikom says:

      I take consolation from the fact that Jiji.ng is still going strong and they show no signs of slowing down! Their numbers just keep increasing withover 900,000 ads advertised on the website currently and they have over 1 million fans on Facebook! I know they will be here for many years to come!

      • Hi Carol, you’re right. Jiji is a serious company with good market penetration strategy. I was involved in their early marketing days.

        Also, OLX closing shop doesn’t necessarily mean they are shutting there website/app. The app will still be open for users from a statement from the company.

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