Search

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

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.

Recent Business

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria inflation drops to 14.45% in November as food prices ease
Read More »
African woman with basket on her head. Photo by Ariel Nathan Ada Mbita @ Unsplash
Fitch lifts Ivory Coast rating to BB, assigns a stable outlook
Read More »
Giant solar panel. Photo by Biel Morro @ Unsplash
Major boost for Mauritania's $40bn AMAN green hydrogen project
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights