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Nigeria Adjusts Airstrike Strategy Under Expanded U.S. Security Cooperation
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Nigeria: Questions Mount Over U.S. Airstrikes in Northern Nigeria
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U.S. Immigration Policy and the Changing Landscape of Africa-U.S. Travel
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Nigerian president Tinubu under pressure to avoid war with northern neighbor Niger
By Camille Malpat with Aminu Abubakar in Kano, Nigeria: Political leaders in Nigeria are urging President Bola Tinubu to reconsider a threatened military intervention against junta leaders in neighbouring Niger, ahead of a Sunday deadline to reinstate the country's...
Nigeria grapples with end of fuel subsidy
By Alexandre Martins Lopes: Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue. On his first day in office, Tinubu kept to his campaign...
South African mass retailer Shoprite reassessing its presence in Nigeria
Posted On 3 August 2020
South Africa’s Shoprite group, the continent’s largest supermarket chain, said Monday it was mulling exiting Nigeria a decade-and-half after it ventured into the continent’s most populous country. It said it was revaluating its operating model in Africa’s oil producing nation. “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,” it said in a statement.
Shoprite, which caters for mainly middle class shoppers in Nigeria, “may be classified as a discontinued operation” by the end of the current financial year, it said. The retailer opened its first shop in Nigeria in 2005.
In 2014 it opened it first outlet in Kano in northern Nigeria as part of an aggressive expansion drive, defying wider concerns about security in the region. Shoprite operates more than 2,300 outlets in 15 African countries, including Nigeria, Angola, Malawi, and Zambia.
AFP
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