• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Hisense Surmounts Hurdles, Introduces New Products In Nigeria

by Innocent Odoh
6 months ago
in Business
hisense
Share on WhatsAppShare on FacebookShare on XTelegram

Hisense Group limited has introduced the latest versions of technologically advanced home appliances with smart television sets, hi-tech refrigerators and dryers as the leading products, despite the harsh economic condition in Nigeria following high costs of transportation and high exchange rate.

The Chinese multinational company showcased these products during the grand opening of its flagship store in Abuja on Friday, stressing that the challenges give it greater motivation to invest more in the Nigerian market to add value to the country’s economy.

Advertisement

Abuja Branch manager of the company, Mostapha Khrais, told reporters during the unveiling of the products that “This is an opportunity to bring the latest technology to the Nigerian communities and give them the best services. Hisense has a lot of varieties- we are always ahead of other companies in technology.

“We are interested in bringing more quality products and more varieties in the Nigerian market, such as TVs, refrigerators and dryers which are the most affordable brands in Nigeria now.”

He however, pointed out that the prevailing economic situation in Nigeria, characterised by high exchange rate and transportation costs have increased the prices of these items, even as he advised the government to make the exchange rate stable so that businesses can plan properly.

Khrais lamented that these affect sales which have dropped by 20% because of increasing costs and decreasing purchasing power amid stagnant salaries, but insisted that the challenges give his company motivation to do more investment in Nigeria, saying “we see the challenges as opportunities.”

RELATED

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

8 hours ago
2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

9 hours ago

“The most important point is for the exchange rate to be stable so that we can plan our businesses very well. Increase rate means increased price and at the end of the burden will be transferred to the consumer,” he noted.

He expressed high prospects for Hisense products in Nigeria adding that they are now being assembled in Nigeria with the company expanding its branches and outlets to most of the 36 states of Nigeria, which have created thousands of jobs.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Hisense
SendShareTweetShare
Previous Post

CSOs Urge FG To Revitalise Cooperative Societies

Next Post

Ademola Lookman Clear Favourite As CAF Crowns 2024 African Best Footballer, Others Today

Innocent Odoh

Innocent Odoh

You May Like

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth
Business

Bitget Hosts Blockchain Education Day To Foster Web3 Awareness Growth

2025/06/07
2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities
Business

2025 Budget: Outcry As Agency Appropriates N6bn On Frivolities

2025/06/07
FCCPC To Prosecute PoS Operators Over Service Price Fixing
Business

FCCPC Sets Up Committee For Anti-counterfeit Portal

2025/06/07
Asharami Energy Commits To Local Capacity Devt, Sustainable Growth
Business

Asharami Energy Commits To Local Capacity Devt, Sustainable Growth

2025/06/07
BPP, CIPS Strengthen Partnership On Procurement Practice, Sign MoU
Business

BPP, CIPS Strengthen Partnership On Procurement Practice, Sign MoU

2025/06/07
Centre Partners Niger Delta Varsity On Marine Training
Business

Centre Partners Niger Delta Varsity On Marine Training

2025/06/07
Leadership Conference advertisement

LATEST

LP Mourns Late CJN Uwais, Seeks Implementation Of Report On Electoral Reforms

Tennis: Gauff Beats Sabalenka To Win French Open Title

‘I Never Begged Wike For Money’, TV Anchor Reuben Abati Refutes FCT Miniter’s Aide’s Claims

Singer Darey Art Alade, Wife Escape Unhurt After Their Car Catches Fire On 3rd Mainland Bridge

Civil War Was For Unity, Not Hatred — Gowon

Nnamdi Kanu Is Prisoner Of Conscience — IPOB

Justice Uwais: Nigeria Lost Statesman Of Unimpeachable Character, Say Northern Senators

Eid-el-Kabir: CAN Preaches Unity, Support For Flood Victims

Taraba Rep Tafida Bags ‘Best Legislator 2025’ Award

Why We Established ‘Discoverer Nigeria’ News Platform — Editor

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.