Brands and Marketing
BREAKING: Shoprite to stop operating in Nigeria

Shoprite has revealed it may stop operating in Nigeria.
The popular South African company with hundreds of outlets in Nigeria, says it may not continue operation in Nigeria.
The company stated this in its “Operational and Voluntary Trading Update” released on Monday.
Shoprite Holding Company said this due to the effect of the coronavirus pandemic.
“Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited,” it reads.
“As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year. Any further updates will be provided to the market at the appropriate time,” the company’s Operational and Voluntary Trading Update said.
-
Headline1 week ago
BREAKING: Tinubu Bags Nigeria’s Highest Honour
-
Headline1 week ago
BBC Interview: I Mean Every Word I say – Youtuber Tiamiyu
-
News1 week ago
Blessing CEO Celebrates Birthday With Brand New Benz From IVD
-
News1 week ago
BREAKING: Buhari Makes 33 Fresh Appointments Few Days To Exit (Full List)
-
Headline1 week ago
Nigerian Youtuber In UK Tenders Apology To Fellow Nigerians (Watch Video)
-
Headline6 days ago
Buhari Makes Another Fresh Appointments 3 Days To Handover
-
Headline1 week ago
US List Delegation Names To Attend Tinubu’s Inauguration
-
Headline6 days ago
BREAKING: Supreme Court Dismisses PDP’s Suit Against Tinubu, Shettima Over Double Nomination
-
Brands and Marketing1 week ago
Check Out Dollar, Pound, And Euro To Naira Exchange Rate Today, Thursday 25th May 2023
-
News1 week ago
BREAKING: Nigeria’s President Buhari Seeks Senate’s Approval For N16bn