Business Weak Naira: South African Firm 'Truworths' Pulls Out of Nigeria

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A South African firm, Truworths, has pulled out of its Nigerian business due to high rentals and import restrictions, its chief executive said on Thursday.

Truworths ran two high end stores in the West African oil-producing country.

"We were unable to operate the stores properly any longer because we were unable to send merchandise to the stores because there's regulation preventing that," Michael Mark said.


Reuters
 

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