• Another South African company, Sun International leaves Nigeria

    Another South African company, Sun International leaves Nigeria

    Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions and regulatory dispute”.

    The hospitality and gaming company, which becomes the fourth major South African company to exit Nigeria in 2016, said the controversial detention of five of its staff by the Economic and Financial Crimes Commission (EFCC) spurred its decision to exit Nigeria.

    “Continued setbacks in Nigeria as well as the ongoing shareholder dispute have frustrated all attempts to develop and […]