Shoprite Concludes Plans To Exit Nigeria By Year End - Nairaland / General - Nairaland
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| Shoprite Concludes Plans To Exit Nigeria By Year End by NewsGeh: 12:27pm On Apr 07, 2021 |
South African Company, Shoprite Holdings Limited, has announced that sales of all the Nigerian outlets will be done and dusted by end of the year 2021. The company is expected to dispose a % of its equity stake in its Nigerian retail supermarkets. In its latest financial report for December 2020 operations obtained from the company’s website, Shoprite noted that the company was awaiting approval from the Federal Competition and Consumer Protection Commission after lodging the transaction with the commission. According to the company, management expects the transaction to be approved by the end of the 2021 financial year. READ MORE; https://newscentral.africa/2021/04/07/shoprite-concludes-plans-to-exit-nigeria-by-year-end/
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| Re: Shoprite Concludes Plans To Exit Nigeria By Year End by fourboys: 12:56pm On Apr 07, 2021 |
this is not good news at all, things are already expensive in dis country |
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