Search

Shoprite to Close Abuja Branch as Nigeria’s Business Exodus Continues

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus
  • Shoprite Mall in Wuse, Abuja, to cease operations by June 30, 2024
  • Closure adds to growing list of multinational exits from Nigeria due to challenging business environment.

 

Abuja, Nigeria – In a fresh blow to Nigeria’s retail sector, Shoprite Mall, the Nigerian franchise of the renowned South African brand, has announced it will shutter its branch in Wuse, a prime location in Abuja, by the end of June. This decision has also led to the termination of services from its suppliers, signalling broader economic strains within the region.

You need an active subscription to continue reading this article.

Recent Business

1733301463640_opeyemi-adisa-cFT_Xq4XyA0-unsplash
Nigeria’s private sector growth hits nine-month streak
Read More »
ato-aikins-6xc1KdasGYk-unsplash
Africa faces harsh consequences as global debt tops $100 trillion
Read More »
Cocoa Photo @ Unsplash
Nigeria’s new cocoa plant aims to boost processing and global trade
Read More »

Recent Politics

Benin. Photo by Greg Keelen @ Unsplash
Benin finance chief Wadagni picked to succeed Talon in 2026 election
Read More »
Canoe at sail painted in Ethiopian colours. Photo by Cheikh Tidiane Ndiaye @ Unsplash
Can Ethiopia’s maritime push redraw the Horn’s trade map?
Read More »
Senegal flag | @ Pexels
Senegal, France begin talks on trade, security and debt
Read More »

Latest Posts

Latest news insights