Shoprite Nigeria Shuts Operations In Major Cities 4 Years After Tayo Amusan’s Ketron Takeover

Four years after Tayo Amusan’s Ketron takeover, Shoprite Nigeria shuts more stores in major cities as economic pressures mount.

Four years after Nigerian businessman Tayo Amusan’s Ketron Investment Limited, a subsidiary of Persianas Group, acquired Retail Supermarkets Nigeria Limited (RSN)—the operator of Shoprite in Nigeria, the retailer is still struggling to stabilize its business in Africa’s most populous country. The challenges have now led to the closure of key outlets across major cities.

Reports confirm that Shoprite outlets in Ilorin, the capital of Kwara State, and in Ibadan, less than two hours from Lagos, have shut down operations. The Ilorin branch, once a busy destination for weekend shoppers, had been slowing for months, with thinning crowds and declining sales before the final closure.

In Ibadan, the Ring Road and Mokola outlets were locked up with notices pinned to the entrances, citing circumstances “beyond immediate control.” Management sought to reassure customers at the time, saying efforts were being made to restore operations.