Shoprite Nigeria reported a loss after tax of R87 million in the period under review.
This comes as Shoprite also announced it would reduce operations in Nigeria.
Nigeria’s retail market faced a myriad of challenges following the recession in 2016.
The company has been reviewing its long-term options in Africa after currency devaluations.
N25.6 billion price tag is only reflective of what Shoprite Nigeria's operations is worth on paper.
Shoprite's intention to divest from its Nigerian operations appears to be anchored on these factors.
Shoprite announced its plan to sell off its Nigerian operations.
The supermarket arm of Shoprite Holdings in Nigeria lost 8.1% of its sales in constant currency terms at the end of the second half (H2) of...
The shoppers on Friday, November 29, made their way into different shopping malls across the country.
It’s that time of the year again when shoppers look out for the best deals. That’s right, the 2019 Black Friday sales are here again.