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

Gas pipeline. Photo by Leo Sokolovsky @ Unsplash
AfDB backs Mozambique LNG push with $150mn Coral North financing
Read More »
Gas pipeline. Photo @ Unsplash
Nigeria’s $24.6bn gas mega-project puts it top of China’s belt
Read More »
Peanuts. Photo by Abril Chavira @ Unsplash
Senegal allows peanut seed exports for 2026 amid farmer losses
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »

Latest Posts

Latest news insights