Business

Shoprite denies leaving Nigeria, says “who leaves over a $30billion invest and close shop?”

Shoprite has debunked a report which says that it is preparing to exit Nigeria.

The retail giants are said to be preparing exit plans after its business outside South Africa recorded losses.

Speaking to Vanguard, Country Director for Chastex Consult, Ini Archibong, stated that it only gave Nigerian the opportunity to invest in the company.

He said, “Shoprite is not leaving Nigeria.

“We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right.

“We only just given this opportunity to Nigeria investors to come in and also help drive our expansion plan in Nigeria. So we are not leaving.

READ
CBN shifts MPC meeting to Thursday due to Eid-el Fitr holiday

“I have tried to say this as too many people as I can. There should be no panic at all and all of that. There is no truth in that report.”

Apegg Adeneyo

Apegg Adeneyo, writes entertainment and national news on Kemi Filani News . A passionate writer who loves to disseminate informative reports on topics bordering on celebrities, lifestyle, sports and politics. With aspirations to reach the top. Loves football and epic movies set in the medieval times. A graduate of Economics (LAUTECH). Tel: +2348061000090 Address: 13 Akonwonjo, Egbeda, Lagos, Nigeria

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button