Any business can fail if not well manage. It is one thing to start a business and it another thing for the your business to stand firm for life. These are examples of Nigerian Businesses that Failed Within 5 Years:
3. OLX
OLX is a classified advertising platform launched in 2012. It allows individuals to buy, sell, and trade used products and services using their phones or the internet. Naspers, a South African media behemoth, owns the startup. However, the startup was shut down in 2018 due to challenging operating conditions.
3. OLX
OLX is a classified advertising platform launched in 2012. It allows individuals to buy, sell, and trade used products and services using their phones or the internet. Naspers, a South African media behemoth, owns the startup. However, the startup was shut down in 2018 due to challenging operating conditions.
Maybe we can not say failed, because until now it is still running. Like OLX. OLX is still officially trading goods, both new and used. We can sell goods by meeting directly with buyers. However these companies operate independently in each country. Although in one country it is no longer used, in other countries it runs smoothly. I think it depends on the competition within a country.