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
Legal Group Files Lawsuit Against Trump Over Tariffs, Claims He Exceeded His Authority

A legal advocacy group filed a lawsuit on Monday challenging US President Donald Trump’s broad tariffs on foreign trade partners. The group, Liberty Justice Center, argues that Trump exceeded his authority by imposing these tariffs and has asked the US Court of International Trade to block them.
The lawsuit, filed on behalf of five small businesses, targets the tariffs Trump introduced on April 2, as well as the additional duties placed on China. These businesses include a wine and spirits importer from New York and a Virginia-based company making educational kits and musical instruments.
Liberty Justice Center senior counsel Jeffrey Schwab argued that only Congress, not the president, has the constitutional authority to set tax rates, including tariffs. He stated, “No one person should have the power to impose taxes with such far-reaching global consequences.”
In response, White House spokesman Harrison Fields defended Trump’s tariffs, saying they were necessary to address unfair trade practices, particularly with China. He claimed the president is standing up for American businesses and workers by correcting trade imbalances.
This lawsuit follows another similar legal challenge in Florida, where a small business owner is also seeking to block tariffs on Chinese goods.
Trump’s tariffs include a 10% duty on goods from all countries, with higher rates for those with significant barriers to US imports. While some of the tariffs were paused for 90 days, the Liberty Justice Center argues that Trump’s use of special executive powers under the International Emergency Economic Powers Act doesn’t authorize such actions.
Entertainment
Portable Sent to Prison in Ilorin After Failing to Meet Bail in Saheed Osupa Case

Controversial singer Portable, whose real name is Okikiola Badmus, has been sent to the Oke Kura Correctional Centre in Ilorin, Kwara State.
This followed his failure to meet the strict bail conditions set by an Upper Area Court, where he appeared on Monday over a defamation case filed by Fuji music legend Saheed Osupa.
The court granted him bail at N1 million with tough conditions. He is required to provide two sureties—one must be either the Chairman or Secretary of the Performing Musicians Association of Nigeria (PMAN), while the other must own a property within a Government Reserved Area in Ilorin and present a valid Certificate of Occupancy.
Until those conditions are met, Portable will remain in custody.
News
Yoon Suk Yeol’s Trial Begins Over Martial Law And Causing Political Chaos

The criminal trial of South Korea’s former president, Yoon Suk Yeol, began on Monday as he faces charges of insurrection for declaring martial law late last year, which led to months of political unrest.
The martial law declaration lasted just six hours after parliamentary staffers blocked special forces from entering the parliament building, where lawmakers voted against it.
Yoon, who left his home in a motorcade to attend the court session at the Seoul Central District Court, denied all charges. Prosecutors argued that he had no legal right to declare martial law and accused him of attempting to paralyze state institutions like parliament.
Yoon defended his actions, claiming that martial law was necessary to highlight the opposition party’s control over the legislature, which repeatedly blocked his government’s agenda. He maintained that he never intended to disrupt the country.
The charge of insurrection could result in life imprisonment or even the death penalty, though South Korea has not carried out executions in decades.
Earlier this month, Yoon was removed from office by the Constitutional Court for violating constitutional powers, with his martial law declaration on December 3 which is a serious blow to democracy. The court notes that his actions caused chaos across society, the economy, and foreign policy.
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