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

A shopper at a supermarket. Photo @ Unsplash
Nigeria’s annual inflation slowed to 16% in October
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
Read More »
Fishermen in Senegal busy at shore. Photo by Thomas de LUZE @ Unsplash
Senegal bonds crash as government rejects debt restructuring
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »

Latest Posts

Latest news insights