BREAKING NEWS: Shoprite Denies Shutdown Rumours in Nigeria

Shoprite Nigeria has moved swiftly to dismiss swirling rumours that it is closing its doors in the country, insisting instead that it is undergoing what it describes as a “comprehensive business model reset.”

The retail giant, which has been a fixture in Nigeria’s shopping landscape for over a decade, clarified in a statement today that the reports of a total shutdown are misleading and untrue.

According to the company, the ongoing restructuring is aimed at adapting to Nigeria’s current economic realities, a challenge that has forced many multinationals to rethink their strategies in Africa’s largest market.

Shoprite emphasized that while it is recalibrating its operations, it remains committed to serving millions of Nigerian shoppers who rely on its outlets nationwide.

The rumours of an exit sparked widespread concern, with social media abuzz over the possible closure of the retail chain that has become synonymous with affordable groceries and mall culture in urban Nigeria.

But Shoprite’s management stressed that its reset plan is focused on efficiency, customer experience, and long-term sustainability rather than abandonment.

This is not the first time the retailer has faced speculation about its future in Nigeria. In 2021, Shoprite sold its majority stake in its Nigerian operations to local investors, a move that was also misinterpreted as a withdrawal.

However, the brand has since remained active, with branches still operating across major cities such as Lagos, Abuja, and Port Harcourt.

For many Nigerians, Shoprite represents more than just a supermarket — it is a social space and a symbol of modern retail convenience. Its denial of the shutdown rumours will bring relief to shoppers and employees alike, even as questions linger about how the new business model reset will reshape its presence in the market.

With the company reaffirming its commitment to Nigeria, all eyes will now be on how Shoprite executes this transformation amid rising inflation, fluctuating exchange rates, and a highly competitive retail sector. For now, one thing is clear — Shoprite is not leaving Nigeria, but rather repositioning itself for the future.