gradually direct foreign investment declining.

Thought they denied before

cant people read - they have sold 100% equity - the shoprite francise will continue to remain in Nigeria and operate under new ownership - while shoprite provides technical support ...

Thank you Buhari for destroying Nigeria. You really changed the country and took us to next level

Why are they running away? They think because he's dead, the family of Harry Akande will not collect his money that they owe him?

Chai...

My little nieces will be so disappointed by this news.

Cutehector:
Market square take over

But market square is expensive...their prices are not competitive at all

Lordpeckxy:
Well Atleast you've made your billions from Nigerians.

in exchange for what?

omoadeleye:




See your bald head, na so e easy to make money within three weeks there...

You get brain to attain that feat, why can't you make your traveling fees money here...

Empty barrel, just leave Nigeria abeg. We need industrious people .

Mr industrious how many companies have you set up?
Anyways HMU for your fresh eggs in PhC straight from the fowl yash

Eriokanmi:
Safe journey. Bubu, see wetin you cause with your bad economic policy? Foreign investors exiting everyday yet, you guys don't bother. We'd never forget

You lack understanding of economics...
Shoprite has discouraged alot of indigenous investors... Let them leave and you will see how the Just Rite and other indigenous brands take over...
Same as Multi choice.... TSTV pay as you go is best for Nigeria but multichoice will go to any length to frustrate the company.....
We don't need foreign investors like shoprite or multichoice anymore.
Foreign solar electricity company to provide steady supply yes, foreign investors to build refineries, yes we need, foreign automobile manufacturers to come manufacture cars here, welcome.....
No dey call shoprite foreign investors....
Wetin Nigeria gain from them

Nigerians poor attitude no get part 2, same way they drove away ECONET that was clearly ahead of MTN.

mu2sa2:
You that ordinary harmatan you are complaining of cold. In Canada you will just freeze to nothingness. Btw, if you are a failure in Nigeria, Canada doesn't need you.

Are you Canadian?
Be here trolling on people catching cruise on NL.
Anyways HMU for your fresh eggs in PhC straight from the fowls butt.

hopevalley:
What is MTN waiting for? Let them also leave Nigeria. This is an opportunity for indigenous investors to to invest in supermarkets chain far better than Shoprite. Check out my signature if you want to make it in export business.

Why couldn't they do it all these years before 'shoprite'. Your talk is just projecting mediocrity. MTN leaves today and the standards of telecoms will surely fall.

Check your history. What happened after Bhojsons, Leventis, Chellarams and Leventis exited the consumer product retail business. Who filled the gap then?

These multinationals are absolutely necessary to establish high standards, transfer technology and promote the local economy. If great economies such as China have strings of multinational businesses, what is Nigeria to exclude them.

samnificent:
Make person borrow me money make I comot for this country I go pay back in 3weeks as soon I reach Canada

Lol...

How much are we talking about here?

Lai Mohammed should go and help us persuade dem, not to leave oo

EXOUSIAng:

You lack understanding of economics...
Shoprite has discouraged alot of indigenous investors... Let them leave and you will see how the Just Rite and other indigenous brands take over...
Same as Multi choice.... TSTV pay as you go is best for Nigeria but multichoice will go to any length to frustrate the company.....
We don't need foreign investors like shoprite or multichoice anymore.
Foreign solar electricity company to provide steady supply yes, foreign investors to build refineries, yes we need, foreign automobile manufacturers to come manufacture cars here, welcome.....
No dey call shoprite foreign investors....
Wetin Nigeria gain from them

Once again. Where were these so called 'superstars' before 'shoprite'. The history of superstores did not begin with 'shoprite'. If the sector was well attended to there will have been no room for these multinationals in the first place. Same for digital satv, and telecoms.

Tomorrow if multinationals take over the oil refining business or the power sector the same Nigerians will speak of the 'glorious days of Nigerian ownership'....bunkum...

aspabay:
a Nigerian company is buying them over, that is the good news

Not a good news as we rarely manage business

Na so person no go see who go help am comot this country

Nna eh!!!

A sad one, what killed leventis and utc store will catch up with what remain shoprite brand in Nigeria.

Yes very lowest price.

femijay8271:



REALLY?

rodeo0070:


https://brandspurng.com/2021/03/16/shoprite-upbeat-about-commendable-results-despite-lockdown-limitations-confirms-exit-from-nigeria/

Best believe, they won't be missed.
Nigerians are more than capable of running entities like shoperite

johnmartus:
God bless just rite Nigeria. They are doing wonder even than this shoprite

Comparing justrite to shoprite is like comparing sleep to death, shoprite operate @ int'l standard, moreover justrite is limited to lagos.
i patronize justrite often cos its closer to my area, so i know what i am saying

I sense a total economic collapse in d next 6month.

Reference:


Once again. Where were these so called 'superstars' before 'shoprite'. The history of superstores did not begin with 'shoprite'. If the sector was well attended to there will have been no room for these multinationals in the first place. Same for digital satv, and telecoms.

Tomorrow if multinationals take over the oil refining business or the power sector the same Nigerians will speak of the 'glorious days of Nigerian ownership'....bunkum...

Unfortunately your message will fly completely over the heads of most commenters. It's a mark of what a failure Nigeria's educational system is that terrible economic policies which drive out FDI are celebrated for supposedly encouraging "indigenous" investors. Sadly this economic illiteracy reaches all the way to Aso Rock, where the current occupant has overseen 6 consecutive years of declining per-capita GDP, yet is still able to find any number of cheerleaders.

Nothing is working in Nigeria

Why?

elmessiahs:
at least the business is still moving, just a name change and some paper work

many things dey follow. Restructuring, staff and prices review.etc

LOL. Na so that one take wreck.

Lobatan

After swindling Nigerians to their heart desire, they are now "japaing".


Nigeria has never had it so bad.


Every country just they use us like toilet paper.

Some of you just don't have sense. How many shoprite voucher card you got.

larryjonze:



Comparing justrite to shoprite is like comparing sleep to death, shoprite operate @ int'l standard, moreover justrite is limited to lagos.
i patronize justrite often cos its closer to my area, so i know what i am saying

shiki:
Bye bye to yeye shoprite

In Zlatan's voice!