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Foreign Companies Flee Nigeria Amidst Economic Challenges
A number of foreign companies have exited Nigeria in recent years due to various challenges. One such company is Uber, which suspended its operations in the country last week after over a decade of presence.
The ride-hailing giant cited 'advice from a key partner' as the reason for its decision, but did not provide further details. It is unclear if this exit will affect Uber's operations in other African countries.
Other major foreign companies that have exited Nigeria or reduced their operations include GlaxoSmithKline (GSK), ShopRite, Procter & Gamble (P&G), Diageo PLC, and Unilever.