A Federal Capital Territory (FCT) High Court has issued an interim order restraining South African company Novare and its subsidiaries, owners of retail malls including Shoprite malls in Nigeria, from selling their assets in the country. The order was granted by Justice Peter Kekemeke following an ex-parte motion filed by the Nigerian partners of Novare Read More…
Tag: Shoprite
Shoprite confirms expansion plan in Nigeria
With the launch of a new Shoprite location in Port Harcourt, Retail Supermarkets Nigeria (RSN) Ltd. has reiterated its aspirations for growth in Nigeria. Mr. Hubertus Rick, CEO of RSN, referred to the Garden City Mall in Port Harcourt as the third-largest retail centre in West Africa in a statement issued on Thursday in Lagos Read More…
Shoprite reopens Lekki Mall after #EndSARS incident
After a 24-month closure, Retail Supermarket Nigeria Ltd (RSNL), the company that owns Shoprite in Nigeria, has announced the start of business at its location in Circle Mall, Jakande, Lekki. The announcement was made by Mr. Hubertus Rick, the Chief Executive Officer of RSNL, at the Circle Mall’s reopening celebration on Friday in Lagos. Following Read More…