News
Pick n Pay” to exit Nigeria after selling 51% its stake

South African retail giant Pick n Pay has announced its exit from the Nigerian market after selling a 51% stake in its Nigerian operations. The decision to withdraw comes as the company reassesses its African investment strategy amid various challenges faced in Nigeria, including logistical and economic hurdles that have affected its growth and profitability in the region.
Pick n Pay initially entered the Nigerian market with high hopes, seeing it as a strategic expansion opportunity in West Africa. However, the complex business environment, coupled with supply chain constraints, inflation, and changing consumer preferences, made it difficult for the brand to establish a strong foothold.
The retailer’s departure underscores the difficulty international brands often face in Nigeria’s dynamic retail sector, where factors like infrastructure limitations and fluctuating currency values complicate operations.
Despite its challenges, Pick n Pay expressed gratitude for the partnership and customer support it received in Nigeria, with hopes that its former stake will continue to operate under new ownership, potentially with a focus better aligned to the local market demands.
In conclusion, Pick n Pay’s exit from Nigeria, marked by the sale of its 51% stake, reflects the retailer’s strategic shift to consolidate its resources and optimize profitability elsewhere, shedding light on the complexities of operating in one of Africa’s most challenging but promising markets.
News
US Criticizes Nigerian Governors for Spending Lavishly Despite Hardship

The United States Embassy in Nigeria has raised concerns over the reckless spending habits of several Nigerian governors, accusing them of splurging public funds on luxury projects while citizens battle economic hardship.
On Tuesday, the embassy shared a report highlighting how some state leaders are spending billions on renovating or building lavish government residences and offices, despite the widespread suffering caused by current economic policies.
The report pointed out that while President Bola Tinubu has urged Nigerians to make sacrifices and endure the economic challenges, many governors appear to be doing the opposite.
One example cited was Oyo State, where Governor Seyi Makinde’s administration approved a massive N63.4 billion to renovate the Government House, calling the current structure “an embarrassment.”
In Gombe State, among the poorest in the country, Governor Inuwa Yahaya is spending N14.9 billion on a brand-new official residence, with an additional N14.23 billion going toward a new House of Assembly complex.
Sharing the report via its official X (formerly Twitter) page, the US embassy included remarks from groups advocating for transparency and accountability, noting that this kind of excessive spending undermines public trust and deepens inequality.
News
APC Says Tinubu Has Nothing to Fear and Cannot Be Defeated in 2027 Election

The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that President Bola Tinubu is in a strong position ahead of the 2027 elections and has no reason to fear any opponent.
Speaking in Abuja during a visit by the APC League of Professionals to the party’s national headquarters, Yilwatda said the APC is fully prepared to secure victory for Tinubu and all its candidates at every level, from governorship to the state and national assemblies.
He credited the Tinubu administration’s achievements under the Renewed Hope Agenda as a key reason for the president’s growing support. Yilwatda highlighted initiatives such as the student loan programme, which he said has made higher education more accessible to children from poor families.
“For the first time in Nigeria’s history, the poorest child can now go to school without borrowing from anyone. That opportunity has been created by this government,” he said. He also pointed to a government-backed N1.5 billion investment into the Bank of Agriculture to support young Nigerians interested in farming, saying the administration is creating real opportunities for citizens.
News
Atiku Says Opposition Coalition Is to Protect Nigeria Not Fight Tinubu

Former Vice President Atiku Abubakar has explained the reason behind the formation of the new opposition coalition led by the African Democratic Congress (ADC). According to Atiku, the coalition was created to defend Nigeria’s democracy from what he sees as growing authoritarian tendencies and the manipulation of elections under the current ruling party.
He emphasized that the alliance is not about political heavyweights like himself, Peter Obi, Rotimi Amaechi, or Nasir El-Rufai battling for the 2027 presidency, but about safeguarding the country’s democratic future.
Atiku made it clear that the movement isn’t aimed at attacking President Tinubu, but rather focused on putting Nigeria first. “This isn’t about fighting Tinubu,” he said. “It’s about protecting democracy and making sure Nigerians come first.”
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