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Nigeria: In Divestment Move, Shoprite Shops for Nigerian Investors
This Day, 4 August 2020
Shoprite Holdings has begun shopping for Nigerian investors to take over operations of its outlets in the country as the South African parent company yesterday unfolded plans to… Read more »
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Nigeria: Job Losses Loom As Shoprite Moves to Leave Nigeria
Daily Trust, 4 August 2020
The announcement by Shoprite, a South African retail giant with branches in Nigeria, to gradually end its operations in the country has sent ripples among employees, customers and… Read more »
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Nigeria: Shoprite, Wealth Distribution and an Adverse Macroeconomic Environment, By Bámidélé Adémólá-Olátéjú
Premium Times, 4 August 2020
There are no real increases in wages as nominal wages cannot keep up with inflation. How can the economy grow with high lending rates, high inflation, with consumers having no… Read more »
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Nigeria: Shoprite Debunks Exit Rumour, Says We Are Not Leaving Nigeria
Vanguard, 3 August 2020
Shoprite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria. Read more »
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Nigeria: Shoprite's Shares Appreciate Amid Plans to Sell Nigerian Subsidiary
Premium Times, 3 August 2020
South Africa's Shoprite Holdings recorded an 11 per cent rise in its shares on Monday amid plans to sell a majority stake in its Nigerian subsidiary. Read more »
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Nigeria: Shoprite to Pull Out of Nigeria
Premium Times, 3 August 2020
South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria. Read more »