Daily Archives: March 2, 2016

South Africa’s Clover Industries to quit Nigeria

South Africa’s Clover Industries, makers of a wide range of food and beverage products has announced that it will no longer invest in Nigeria due to the financial crisis caused by the fallen oil price.

“The current financial crisis experienced in Nigeria which is fueled by the low oil price is a further cause of concern, thus the group has decided to withdraw from future investments in Nigeria,” the company said in a statement.