Nigeria's leading finance and market intelligence news report.

Here’s why Shoprite is leaving Nigeria after 15 years

Africa’s largest food retailer, Shoprite Group of Companies, said in its operational and voluntary trading update released on Monday that it will discontinue its operations in Nigeria, 15 years after the company’s first store was opened in Lagos in December 2005. The South African company with more than 2,934 outlets in 15 countries across Africa…

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