Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

Nigerian Retail Industry Attracts N200billion In Investments In 2 years And We Are Just Getting Started

Nairametrics by Nairametrics
July 31, 2013
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

Shoprite

In some interesting data, the Oxford Business Group revealed through a research that Nigeria’s retail Industry has attracted about N200billion in investments over the last two years (see below). If you have been wondering why we are seeing a spread of large shopping malls in Nigeria it is because as a Nation we have shown to posses a strong purchasing power. Besides that we buy most of our retail products with cash unlike other societies where credit cards are used. This means the potential is so much for Growth because as our banks continue to increase their balance sheet size at produce more retail products such as credit cards more people will shop.

Investment in the Nigerian retail market has reached an all-time high of over N200 billion within the the last two years owing to rising purchasing power and the huge potential of the nation’s economy.

RelatedPosts

Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

Will you be paying for Telegram premium features?

The Oxford Business Group (OBG), which  revealed this in a report made available to THISDAY, noted both foreign and local investors were dramatically expanding their domestic retail footprint in the country. OBG believed investors were flocking to the retail sector as a result of Nigeria’s potential, a large population, positive macro-economic growth and a strong appetite for consumer goods.

According to the group, “By the end of June 2012, Shoprite the continent’s biggest retailer opened its fifth shop in Nigeria, and another two in 2013. Shoprite, has outlined plans to open up to 700 stores in the country, and Massmart, South Africa’s second-largest retailer and partly owned by Walmart, has announced that it intends to increase its presence from two to 20 stores.

Source: Thisday

Related

Tags: News ReviewNigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim
    • Will you be paying for Telegram premium features?
    • Top content ideas for your YouTube channel

    Follow us on social media:

    Recent News

    Lagos fuel crisis escalates to all parts of the state, scarcity caused by contaminated product

    Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

    July 1, 2022
    Will you be paying for Telegram premium features?

    Will you be paying for Telegram premium features?

    July 1, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com