Search

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

  • 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

breaking_news
Namibia Cuts Key Rate to 6.75% as Inflation Moderates
Read More »
breaking_news
Zambia's Central Bank Raises Key Rate to 14.50% to Curb Inflation
Read More »
etty-fidele-oJpkjWcScyg-unsplash
African Cocoa Farmers Push for Sustainability as EU Rules Tighten
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights