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 African company 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
Kano Fire Service rescues 15, saves ₦100m property from 60 incidents in April
Uzodimma assures residents of uninterrupted power supply, 5,000 direct jobs
FG bans foreign syringes in hospitals, promotes NAFDAC-approved local procurement
Why’s coastal road project not starting from Calabar? — MKO’s daughter has an answer
Another Boeing whistleblower is dead 2 months after the last one
Yahaya Bello: Pressure mounts on EFCC as ex-AGF faults ₦80bn fraud case
PHOTOS: Police arrest, parade masterminds of Abuja-Kaduna train attack
CSOs demand freedom in operation for anti-graft agencies
Anti-graft agency arrests 3 Kano govt officials aiding foreigners secure citizenship
ADVERTISEMENT