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    GSK to end operations in Nigeria after 51 years

    MayorBy MayorAugust 4, 2023No Comments1 Min Read
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    MAN says Exit of multinationals, opportunity for homegrown industries to thrive
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    British pharmaceutical company GlaxoSmithKline (GSK) has announced plans to stop producing prescription drugs and vaccines in Nigeria after 51 years of business there.

    The international pharmaceutical business announced it would switch to a third-party direct distribution approach for its pharmaceutical products in a statement to the Nigerian Exchange Limited.

    • Nigeria Air to begin flights in October

    The firm also stated that it is currently coordinating the following measures with its advisors and that it intends to submit a scheme of arrangements to the Securities and Exchange Commission in order to potentially return cash to its regional shareholders.

    Incorporated in Nigeria in June 1971, GlaxoSmithKline opened for operation the following year.

    When it was founded, the worldwide pharmaceutical firm went by the name Beecham and is well-known for its products.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
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