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Benin City Mall will Boost Economy for Edo Residents – THISDAYLIVE
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Former OPIC boss challenges Ogun Assembly to prove corruption allegations
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Shoprite to Sell Nigerian Unit to Property Firm Persianas
Bloomberg 2 hrs ago Anthony Osae-Brown and Janice Kew © Bloomberg Residents queue to receive their South African Social Security Agency (SASSA) grant payment at Alex Shopping Mall in the Alexandra township of Johannesburg, South Africa, on Friday, June 5, 2020. While central banks and governments in North America, Asia and Europe have offered trillions of dollars to prop up businesses hit by lockdowns and provide a safety net for the swelling ranks of the unemployed, a lack of liquidity restricts African governments from providing similar relief.
(Bloomberg) Shoprite Holdings Ltd. plans to sell its Nigerian division to a local property group, as Africa’s largest food retailer pulls back from the continent’s most populous country.
Shoprite to sell Nigerian unit to local property firm Persianas
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Shoprite to sell Nigerian division to Persianas Group
By Anthony Osae-Brown
(Bloomberg) – Shoprite plans to sell its Nigerian division to a local property group, according to a person familiar with the matter, as Africa’s largest food retailer pulls back from the continent’s most populous country.
Regulatory approval for Persianas Group to buy the Shoprite unit is expected by the end of April, said the person, asking not to be identified because the information isn’t yet public. While the asset has been valued by the seller at 30 billion naira ($73m), it’s not yet clear how much Persianas has agreed to pay.