South African hotel and gaming group Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the west African country.
South Africa's hotel giant exits Nigeria
In January Nigeria's Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International initial investment in the Tourist Company of Nigeria (TCN).
In January Nigeria's Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International initial investment in the Tourist Company of Nigeria (TCN).
"The Board has decided to exit Nigeria and steps will be taken to achieve this in a manner that does not erode further value," the company said in a statement.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount
Labour Party offers Peter Obi 2027 presidential ticket unopposed
Allow us build seaports, railways to develop the South-East - Ohanaeze tells FG
UCH Ibadan workers are tired of working in darkness as power outage persists
Armed robbery suspect who killed police officer begs govt to have mercy on him
Tinubu enlists Dangote, Elumelu, Rabiu, others in Economic Coordination Council
Sanwo-Olu doesn't want you to blame govt for current hardship in the country
Okuama: Slain officers left behind 3 pregnant widows, 21 orphans – Lagbaja
Joke Silva describes neglect of Lagos theatres as sad development
Pulse Sports
Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?
I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream
Michelle Alozie: I had to do it because of African referees
AC Milan star reveals he was named after Super Eagles legend Tijani Babangida
Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana
Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana
ADVERTISEMENT