‘Why Shoprite is quitting Nigeria’s retail market’
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many as a surprise, available data have shown that weakness in purchasing power
Nigerians React As ShopRite Sets To Exit Nigeria After 15 Years
South Africa's grocery store, ShopRite, is set to leave Nigeria, Africa's biggest market, after operating in the country for a period of 15 years. In a statement on Monday, the company said it has been approached by potential investors willing to take over its Nigerian operations. So, it is considering an outright sale of its…
ShopRite to exit Nigerian market after 15 years
South Africa's grocery retailer ShopRite is leaving Africa's biggest market, Nigeria, 15 years after it opened shop in the West African country. The announcement by ShopRite came months after another South African brand, Mr Price, exited the market. International supermarkets (excluding Nigeria) contributed 11.6% to group sales and reported 1.4% decline in sales from 2018.…
South Africa Thieves Stage Liquor Heist Under Lockdown
Thieves in South Africa dug through a concrete floor into a shop to steal thousands of dollars worth of liquor days before an alcohol sales ban was lifted, police said Tuesday. The thieves made off with whisky, brandy, gin, vodka and beer valued at around $17,000. Workers at the Shoprite supermarket in the Newtown district…
Shoprite hosts successful breast cancer awareness drive
More than 3 100 women across all six regions were recently screened for breast cancer following a partnership between Shoprite Nigeria and Run For a Cure Africa (RFCA) which gave them free access to this service.
‘Federal, states should map out cities’ expansion plans’
Andy Morkah is a private developer and Managing Director, Property Vault Limited. He spoke to Property & Environment Editor, CHINEDUM UWAEGBULAM on issues relating to the housing industry, especially homeownership, trends in the retail market and strategies to aid site and services schemes
Panic over fresh xenophobic protests as malls’ closure lingers
There were fears yesterday that the simmering cold relationship between Nigeria and South Africa leading to the closure of some South African-owned businesses in Lagos State and other parts...
Deadly parcel from South Africa
In the colonial era, it was normal to see whites brutalizing and oppressing blacks as aptly epitomized by the atrocious Trans Atlantic Slave Trade and other similar obnoxious acts. Although colonialism has effectively ended in Africa, the chilling news from the Rainbow Nation simply shows that the equation has changed.
Jabi Shoprite opens shop, defies planned siege on mall
The Jabi Lake Mall location of Shoprite in Abuja yesterday proceeded with operations despite losses sustained from violence and looting on some of its outlets nationwide.
Security operatives guard Shoprite, DSTV, MTN offices in Owerri, Port Harcourt, Warri, others
As all the DSTV and Shoprite shops in Owerri, the Imo State capital, were closed yesterday, combined team of police and other security agencies were seen guarding the premises of Shoprite located on Egbu Road.