A Lagos Federal High Court has issued an order of Mareva injunction, restraining Shoprite Checkers (Pty) Limited from divesting or transferring its assets out of jurisdiction over a $10 million judgment debt. There have been reports making the round that the South African high street retailer is proposing to exit Nigeria. The injunction, made by
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âWe Are Not Leavingâ â Shoprite Debunks Brewing Exit Rumour
South Africa owned retail giant, Shoprite has dismissed reports that it is planning to exit Nigeria, describing them as false. The Country Director for Chastex Consult, Ini Archibong who debunked the rumour, said the retail outlets could not leave its $30billion investment in the country and close shops. âShoprite is not leaving Nigeria. We have
Read moreAfter 15 years in Nigeria, Shoprite is leaving the country
Africaâs biggest grocery retailer, Shoprite, is exiting the continentâs most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the 52 weeks to end June released
Read moreCOVID-19: Shoprite introduces no face mask no shopping policy
The Kwara State branch of the Shoprite has introduced âno face mask, no entryâ system to its customers if they must come to shop in the mall. A correspondent of the News Agency of Nigeria (NAN) visited the Palms Mall, Fate Road, Ilorin, which housed the Shoprite on Wednesday. The correspondent observed that the management
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