Operators in the Nigerian modern retail sector have been charged to adapt to the rapidly-evolving dynamics in the ecosystem to remain viable.
Nine years ago, when a McKinsey report forecasted a $40 billion growth opportunity in Nigeria’s food and consumer goods sector, the general outlook was towards a boom that would benefit all stakeholders within the space.
FoodCo Nigeria Limited has been listed as one of Africa’s fastest growing companies in the 2022 inaugural FT Annual Africa Fastest Growing Companies’ ranking.
The Chief Executive Officer of FoodCo Nigeria, Ade Sun-Basorun, has called on operators within Nigeria’s formal retail sector to integrate digitisation into their operations to achieve scale and position ...
Amid a projected 5.1 per cent Compound Annual Growth Rate (CAGR) for the global Quick Service Restaurants (QSR) industry between 2020 to 2027, Nigeria’s bourgeoning middle class and its young population pegged at about 60 per cent...
19 Dec 2021
When news broke last year that Shoprite, Africa’s largest grocery retailer, was selling off its stake in Nigeria, the announcement sent shock waves around the country.
21 Oct 2021
With retail penetration in the country currently estimated at five per cent, lower than its peers in other African countries, FoodCo Nigeria Limited has expressed optimism about opportunities in the Nigerian retail sector.
15 Sep 2021
Local manufacturers have been urged to partner with the consumer retail sector to boost supply shortfalls caused by the current slump in the global economy and COVID-19 fuelled market disruptions.
31 Jul 2019
Operators within the Nigerian retail economy have been charged to integrate technology into their processes for better service delivery, and to help the sector achieve its growth potential of $40 billion by 2020.
23 May 2019
As part of efforts to build capacity for the consumer goods retail sector in Nigeria, FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, manufacturing and fast food, has instituted a fellowship aimed at preparing MBA students for leadership in this category. This is against the backdrop of projected growth in the…