South African billionaire Christo Wiese remains optimistic about Nigeria’s economic prospects, predicting the eventual return of major players despite a recent exodus from the West African...
Retail Supermarkets Nigeria Limited, the owners of the renowned Shoprite Mall, announced the closure of its Kano branch, located in the Ado Bayero Mall, effective January...
Following the acquisition deal between Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria, and Ketron Investment Limited, the new investor...
Shoprite Holdings Ltd., Africa’s largest food retailer, has sold its Nigerian operations to local investors 16 years after it opened its first outlet in the continent’s...
Following the recent announcement of Shoprite, a leading South Africa retail giant, that it is leaving the Nigerian market due to harsh business environment and tough...
South Africa-owned retail store, Shoprite Holdings Limited, has announced that the sale of its Nigerian outlets was being concluded. The company said it would shut down...
Shoprite Records $161.4 Million Sales from Nigeria Despite sales rising by 2.5 percent overall, Shoprite Holdings said sales in Nigeria declined to Rand 2.74 billion or...
Shoprite Planned Exit Triggers Experts Reaction Experts have expressed their concerns over the decision of Shoprite Holding Limited to exit the Nigerian Market, Africa’s largest economy,...
Shoprite Closes Nigerian Business Unit Amid Dwindling Revenue Shoprite, South African retail giant, on Monday announced it has commenced a formal process of shutting down its...
Shoprite to Sell Property to Pay for Online Store Upgrades Shoprite Holdings Limited, Africa’s biggest grocer, announced it would be letting go of some properties to...