Economy and Business

JUST IN: Shoprite to shutdown Wuse Central Mall branch June 30

Retail Supermarkets Nigeria Limited, popularly known as ShopRite, has announced plans to close the store located in Abuja.

Dr. Folakemi Fadahunsi, the Chief Executive Officer, made the announcement, citing the challenging business climate and financial conditions in Nigeria as the primary reasons for this decision.

“This decision has been made after a thorough examination of the store’s financial situation and the current business climate. We believe this is the best course of action for our organisation’s long-term growth,” Dr. Fadahunsi stated.

She added, “If your services are specifically tied to the Novare Wuse Central Mall store and if there is an outstanding balance between our companies, we will carefully review our accounting records over the next 60 days.

“We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.”

The statement further clarified that effective from June 30, Retail Supermarkets Nigeria Limited will cease operations at Novare Wuse Central Mall.

Various companies have exited the Nigerian market, citing economic concerns and an unfavourable business environment.

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