₦airaland Forum

*JUST IN: Shoprite to close Abuja branch June 30*
24th June 2024
By Damilola Aina

_Shoprite Mall has announced its intention to cease operation in one of its Abuja branches from June 30, 2024._

*The branch is situated at Novare Central Mall in Wuse Zone 5.*

This was contained in a circular signed by the Chief Executive Officer, Dr Folakemi Fadahunsi, on behalf of the retail supermarket and obtained by our correspondent on Monday.

A staff at the store who pleaded anonymity also confirmed the report, saying “Yes, it is true, we just heard it here too.”

The popular mall attributed its decision to a thorough evaluation of the store’s financial situation and the current business climate.

It additionally notified vendors that their services would no longer be needed at the store.

The circular read, *“We regret to inform you that as of June 30, 2024, Retail Supermarkets Nigeria Limited will be closing its Wuse Store located in Novare Wuse Central Mall, Abuja. This decision has been made after a thorough evaluation of the store’s financial situation and the current business climate. We believe this is the best course of action for our organization’s long-term growth.*

“Effective June 30, 2024, our company will no longer operate in Wuse, Abuja, and we will no longer require your services for the Novare Wuse Central Mall Store. Please note that all existing service contracts will also terminate for the store.”

The circular added the company would be reviewing its accounting records in the next 60 days to settle outstanding balances.

“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 (about 2 months). We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.

“We would like to express our gratitude for your past business. It has been a pleasure working with you and your team. If you have any questions or concerns, or if there is anything we can do to assist you during this challenging transition, please do not hesitate to reach out to us, it added.

Multiple multinationals have left Nigeria by either scaling down operations, transferring ownership or selling their stakes, the most recent being the sale of beverage company Diageo’s 58.02 per cent shareholding in Guinness Nigeria to Tolaram Group on June 11, 2024.

*The exodus of multinationals from the Nigerian economy has cost the country a N94tn loss of output in five years, according to an economist and former Director of Research and Advocacy at the Lagos Chamber of Commerce and Industry in Nigeria, Dr Vincent Nwani.*

According to the analyst, for the first year, over 10 companies shut down operations in 2020, most notably Standard Biscuits Nigeria Ltd, NASCO Fiber Product Ltd, Union Trading Company Nigeria PLC, and Deli Foods Nigeria Ltd.

In 2021, he stated that more than 20 companies exited, including Tower Aluminium Nigeria PLC, Framan Industries Ltd, Stone Industries Ltd, Mufex Nigeria Company Ltd, and Surest Foam Ltd.

He stated that in 2022, over 15 known brands left Nigeria, including Universal Rubber Company Ltd, Mother’s Pride Ventures Ltd, Errand Products Nigeria Ltd, and Gorgeous Metal Makers Ltd.

More than 10 major companies left in 2023, notably Unilever Nigeria PLC, Procter & Gamble Nigeria, GlaxoSmithKline Consumer Nigeria Ltd, ShopRite Nigeria, Sanofi-Aventis Nigeria Ltd, Equinox Nigeria, and Bolt Food & Jumia Food Nigeria.

In the first six months of this year, five listed major companies had left Nigeria, including Microsoft Nigeria, Total Energies Nigeria (affected by its divestment), PZ Cussons Nigeria PLC, Kimberly-Clerk Nigeria, and Diageo PLC.

https://punchng.com/just-in-shoprite-to-close-abuja-branch-june-30/?utm_source=telegram&utm_medium=social&fbclid=IwZXh0bgNhZW0CMTEAAR1EHj_nbUm6dpmIjO82CzMD3JLwxKpQweC4OMscu_keLsRC2iKwTO9bP_I_aem_tpy2r2e_vT0709QIRBh2_w

Tinubuooooooooooooooooooooooolllooo

Don finish NigeriaooooooooooO

Who is surprised?

PresidObi:
Who is surprised?

These will lead to job losses. How is the government and the society going to manage this job losses?
Its not easy being out of jobs with mouths to feed and cost of living is very expensive now

The funny thing is that you will do paid agents on this forum saying if they go another one will spring up.
You can imagine how devilish people has become.


Ask yourself how many structures like shoprite has been built around you. People are loosing their job with no immediate replacement.

Hopefully una go wake up soon from supporting bad candidates.
Buhari and Tinubu was never an option in this country.

RealityKings:
Abuja the federal capital

He may be punishing Abuja because they never voted for him.

RealityKings:
These will lead to job losses. How is the government and the society going to manage this job losses?
Its not easy being out of jobs with mouths to feed and cost of living is very expensive now

The man who was sworn in has zero compassion.

PresidObi:
He may be punishing Abuja because they never voted for him.

This is not about politics.. Alot of people voted for APC.. But all that doesn't mean a thing, sometimes it's best to put politic aside and solve problems

PresidObi:
The man who was sworn in has zero compassion.

Why did you say so?

RealityKings:
This is not about politics.. Alot of people voted for APC.. But all that doesn't mean a thing, sometimes it's best to put politic aside and solve problems

And when the problems are solved people will still attribute it to one political point or the other.

Politics is what brought us down this valley.

RealityKings:
Why did you say so?

Have you ever seen him make any decisions to favour the masses?

VP house 21b for renovation
Coastal robbery 10b used

The poor masses, 60k minimum wage.

PresidObi:
And when the problems are solved people will still attribute it to one political point or the other.

Politics is what brought us down this valley.

Problem solving skills has very little to do with political affiliation or tribal sentiments.

RealityKings:
Problem solving skills has very little to do with political affiliation or tribal sentiments.

Yes, correct. But when a few tribes and one political party has shown a consistent resolve for mediocrity and incompetence, you start to wonder if the concerned tribes and party are not being deliberately mischievous.

PresidObi:
Have you ever seen him make any decisions to favour the masses?

VP house 21b for renovation
Coastal robbery 10b used

The poor masses, 60k minimum wage.

I have only seen him on the TV, I have never met him in person.

Why do you think it's a Costal robbery because that project is projected to generate more than 10 billion and also connect several places for ease in transportation and tourism

PresidObi:
Yes, correct. But when a few tribes and one political party has shown a consistent resolve for mediocrity and incompetence, you start to wonder.

It appears the "few tribes" are more intelligent and social driven that's why they are able to determine who rules and who plays the victim cards.
To rule you must be able to leave aside hate and throwing unnecessary tantrums. You can't claim you hate certain tribes and want them to vote for you.

Didn't ShopRite leave Nigeria already?

PresidObi:
Yes, correct. But when a few tribes and one political party has shown a consistent resolve for mediocrity and incompetence, you start to wonder if the concerned tribes and party are not being deliberately mischievous.

Deliberately mischievous? If I may ask, What's your idea of being mischievous?

COMRADES, the so-called developer of Lagos is finding it difficult to just maintain/sustain development of Nigeria. What a shame?

Do you think leading Nigeria is all about religion and sentiment? Or drugs peddling? What a nonsensical idea?

RealityKings:
I have only seen him on the TV, I have never met him in person.

Why do you think it's a Costal robbery because that project is projected to generate more than 10 billion and also connect several places for ease in transportation and tourism

I think the mission for the road is not what they told us. We already have options in the roads going there right now, we cannot maintain the old ones, why build the new ones.

Another question, when we complete the new one, what happens to the old?

It's like a man who has been struggling to maintain his Toyota Corolla which he uses to go to work, and the same man starts to budget to buy a new Land cruiser SUV to use to go to work, but his incomes are dwindling in the same period.

Smithkafors:
The funny thing is that you will do paid agents on this forum saying if they go another one will spring up.
You can imagine how devilish people has become.


Ask yourself how many structures like shoprite has been built around you. People are loosing their job with no immediate replacement.

Hopefully una go wake up soon from supporting bad candidates.
Buhari and Tinubu was never an option in this country.

return back to farming....haba....

nigeria is not rich enough to be playing western lifestyle....nigeria already has local markets....
remember....??

or you think if shoprite was making profits in that location,they would still move away because of tinubu....??

PresidObi:
I think the mission for the road is not what they told us. We already have options in the roads going there right now, we cannot maintain the old ones, why build the new ones.

Another question, when we complete the new one, what happens to the old?

It's like a man who has been struggling to maintain his Toyota Corolla which he uses to go to work, and the same man starts to budget to buy a new Land cruiser SUV to use to go to work, but his incomes are dwindling in the same period.

You think? That's the problem, you are not privileged to verifiable facts. All you judge people on is ASSUMPTIONS

RealityKings:
Deliberately mischievous? If I may ask, What's your idea of being mischievous?

Mischief in politics is when you start to use diversionary tactics to manipulate the masses by describing to them what is not their problem, rather you use tribal sentiments to keep the masses fighting each other while you walk of with their money. APC are experts in this regard.

PresidObi:
Mischief in politics is when you start to use diversionary tactics to manipulate the masses by describing to them what is not their problem, rather you use tribal sentiments to keep the masses fighting each other while you walk of with their money. APC are experts in this regard.

obi can't become president....

simple....

the only way obi could become president is if he is rigged in....

too many people don't like ibos....

RealityKings:
You think? That's the problem, you are not privileged to verifiable facts. All you judge people on is ASSUMPTIONS

Ok, help me.

What are the existing Express roads in Nigeria impossible to maintain, why are they death traps?

When and if you complete the coastal roads, will the people using the old roads stop using them? How can you now maintain all the roads in the face of dwindling national resources income?

Let's think!

tsdarkside:
obi can't become president....

simple....

The argument is beyond your mental capacity, swerve

[quote author=tsdarkside post=130682743][/quote]am not swerving and allow only guys like you to talk...

nigeria is my country too....