"Nike has suspended its contract with Oscar Pistorius," Nike South Africa communications manager Seruscka Naidoo said in a statement on Thursday.
"We believe Oscar Pistorius should be afforded due process and we will continue to monitor the situation closely."
Asked to give more details, Naidoo replied in an email: "It means Nike has suspended his contracts and payments."
On Wednesday, Pistorius was dropped from an advertising campaign for French cosmetics company Clarins.
Clarins South Africa spokesperson Jody Hyam confirmed this.
Pistorius had been the ambassador of Mugler A*Men Fragrance since 2011.
"Out of respect and compassion for the families implicated in this tragedy, Thierry Mugler Perfumes has taken the decision to withdraw all its campaigns with Oscar Pistorius," the group said.
'Every night is Oscar night'
Sunglasses company Oakley is among those which have distanced themselves from him since he was charged.
M-Net Movies also pulled its "Every night is Oscar night" campaign "out of respect and sympathy to the bereaved".
Pistorius has earned millions of dollars in endorsements.
His bail application is being held in the Pretoria Magistrate's Court. – Sapa