Retail Supermarkets Nigeria Limited, owners of Novare Wuse Central Mall known as ShopRite based in Abuja has announced its plan to close the mall. This was announced by Dr Folakemi Fadahunsi, the Organisation the Chief Executive Officer, saying it took the decision after evaluating Nigerian business climate and financial conditions. “This decision has been made
Ketron investment completes acquisition of Shoprite Nigeria
The acquisition of Shoprite Nigeria has finally been completed, with Ketron Investment Limited taking over the South African retail company from Retail Supermarkets Nigeria Limited. Shoprite had announced in August 2020 that it was divesting from its Nigerian subsidiary as it continued to sustain losses, which was compounded by the COVID-19 pandemic. The retail giant, with
ShopRite Malls Across Nigeria have been Shutdown
Sales activity has been grounded across the 25 outlets of the Shoprite in Nigeria due to an industrial strike action by employees of the company. Shoprite, Africa’s biggest supermarket chain last year, revealed its plan to pull out of Nigeria. The South African-owned Shoprite is looking at selling all “or a majority stake” of its
Looters invade Circles Mall Jakande (video)
The events are taking different shape as some hoodlums are taking advantage already to loot. Circles mall jakande is currently being looted. Quite unfortunate… The military and police had soiled their hands and wouldn’t have the guts to do their primary works of protecting lives and properties. Watch video below…. This was the vandalization at
ShopRite Denies Leaving Nigeria
ShopRite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria. The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now. We
Xenophobia : Nigerians looting most of the Shopping malls (video)
#Xenophobia : The crisis rocking the two African countries, Nigerian and South Africa is taking another turn as some Nigerians have decided to take opportunity of the xenophobic attack meted to Nigerians in South Africa to loot. You’d recall that some Nigerians yesterday Set Shoprite Lekki on fire (video)as they gained access into the shopping