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

Cocoa Farmer. © Pexels
Cocoa crisis deepens as Ghana battles illegal mining impact on global supply
Read More »
Africa map @ Unsplash
Is Africa’s $1.8 trillion debt crisis choking its resource future?
Read More »
A typical African house. Photo by Kristin Wilson @ Unsplash
West Africa mortgage fund posts robust H1 earnings
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is East Africa’s opposition under siege?
Read More »
Dr Mahamudu Bawumia, former vice president is a frontrunner in the opposition NPP flag bearer race. Photo: Courtesy Campaign Office of Bawumia/Facebook
Ghana’s opposition NPP flagbearer race risks ethnic split
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast opposition boycott raises election risks for investors
Read More »

Latest Posts

Latest news insights