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World Cup set to become largest sports gambling

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World Cup set to become largest sports gambling event

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NGX’s all share index gains 0.6% despite Thursday dip

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Tag: Shoprite

Business

Betting affects African families’ spending on food, others – Shoprite CEO

Rising gambling activity across Africa is diverting household spending away from essentials such as groceries, entertainment, and mobile phone bills. Executives from some of the continent’s largest companies are now warning that the trend is putting increasing pressure on family budgets. “People are spending money in a black hole that could have spent on food,” […]

South African billionaire Wiese sells Shoprite shares worth $49.5m
Business

Lagos court bars Shoprite directors from selling assets over debt

A Federal High Court sitting in Ikoyi, Lagos, has barred Shoprite’s directors from selling any of the company’s shares or assets until the judgment debt is fully settled. The court further directed the directors to declare all the company’s movable and immovable assets to the judgment creditor, according to TheCable. Ambrose Lewis-Allagoa, the presiding judge, […]

South African billionaire Wiese sells Shoprite shares worth $49.5m
Business

Shoprite secures fresh investment to drive growth

Retail Supermarkets Nigeria Limited, operator of Shoprite in Nigeria, has secured new investor backing, signaling confidence in its long-term prospects and commitment to the local market. In a statement on Friday, the company said the fresh funding strengthens its capital base, enabling it to accelerate its turnaround strategy and usher in a renewed growth phase […]

Enugu govt shuts down ShopRite, SPAR, others overtax evasion
News

Enugu govt shuts down ShopRite, SPAR, others overtax evasion

Enugu State Internal Revenue Service has taken a stern measure against major supermarkets in the state, including ShopRite and SPAR, by sealing their outlets over allegations of failure to remit purchase tax to the government despite several warning notices. ESIRS officials, during an enforcement drive on Tuesday morning, also targeted other malls, including Roban and […]

South African billionaire Wiese sells Shoprite shares worth $49.5m
Business

South African billionaire Wiese sells Shoprite shares worth $49.5m

A South African billionaire and Shoprite’s largest stakeholder, Christoffel Wiese, with an 11.58% interest that was formerly valued at over $900 million as of September 10th, has made the decision to sell Shoprite shares worth $49.5m The Times reported that this is in accordance with a notice posted on their website. His $1.1 billion fortune, which […]

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