Maritime
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
Retail Supermarkets Nigeria Limited (RSNL), operator of Shoprite supermarkets in Nigeria, has announced fresh investor backing that underscores confidence in the company’s future and its long-term commitment to the Nigerian market
Chief Strategy Officer, RSNL, Bunmi Cynthia Adeleye, in a Statement, said that the investment provides the capital base to accelerate Shoprite’s turnaround strategy marking a renewed phase of growth for Nigeria’s leading supermarket operator.
The company acknowledged that the past period “has been challenging for the wider retail sector in Nigeria, with rising costs and liquidity pressures affecting operations.”
It however stated that it began a process to address the pressure as it is now firmly focused on delivering its turnaround strategy with the support of its new investors
According to the statement “as part of this renewed phase, RSNL is meeting past and present obligations to suppliers, reinforcing long-standing partnerships built on trust, and focusing on partnerships with Nigerian entrepreneurs to fully localise its supply chain. The company added that its priority was to ensure that its customers continue to enjoy affordable, high-quality products.
“RSNL is also driving efficiency and operational discipline — expanding local sourcing, with over 80 percent of its assortment already produced in Nigeria, introducing affordable private label products and value pricing, and investing in energy optimisation, productivity improvements, and modern store formats tailored to Nigerian shoppers.”
“Honestly, the past months have been quite challenging for most Nigerian businesses, including ours. However, we are very confident that – with fresh investor backing, we are rebuilding Shoprite to be more local, culturally relevant, more affordable, and more resilient. We are coming back bigger and stronger to serve Nigerian customers better than ever before.”
The statement further said that “Shoprite remains committed to Nigeria and to the millions of customers and suppliers who have stood by the company. The company will continue to be part of Nigeria’s retail story, not as an exit, but as a turnaround built on resilience, investment, and partnership.
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The Lagos State Government says it is fully prepared to host the forthcoming international boat race, assuring participants and residents of adequate safety on waterways.
The General Manager, Lagos State Waterways Authority (LASWA), Emmanuel Oluwadamilola, while speaking to Newsmen, at the Weekend, said the state had over the years invested heavily in safety infrastructure to secure its waterways.
Oluwadamilola explained that Lagos had consistently enhanced facilities, making it the safest state for water transportation in Nigeria, with all necessary safety infrastructure in place.
He said patrol boats had been deployed, while collaboration with the Marine Police and the Nigerian Navy would ensure effective surveillance across the waterways.
He added that Lagos now operated a control room using advanced technology to monitor waterways, describing it as the best time to host such an event.
According to him, the government had also undertaken shoreline cleaning, provided security boats, and designated docking zones for vessels participating in the competition.
“We are delighted this race can now happen in Lagos, proving the state’s readiness and capacity to successfully host such an international event,” he said
The Nigeria Customs Service (NCS) has sensitised stakeholders in Zones B and D ob the newly introduced Automated Overtime Cargo Clearance and Disposal System.
The sensitisation, held at the Customs Training College, Goron Dutse, Kano, at the Weekend, was themed ‘Driving Transparency, Efficiency and Accountability in Cargo Clearance’.
Speaking at the event, the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, said the initiative was designed to deliver an efficient, transparent, and technology-driven process for managing overtime cargo clearance and disposal.
Represented by the Controller in charge of Post Clearance Audit Zone B, Mrs Deborah Adeyemi, Adeniyi said the system would address congestion, paperwork, bottlenecks, abandoned cargo and delays in clearance processes that had slowed economic activity.
“This initiative marks a turning point in our operations.
“With the Automated Overtime Cargo Clearance and Disposal System, we are demonstrating that Customs can be both a facilitator of trade and a guarantor of integrity,” the CGC said.
Adeniyi explained that the platform would enable the stakeholders, including consignees, customs brokers, terminal operators, and customs officers, to apply, track and receive approvals online without physical contact.
He said the system was backed by the Nigeria Customs Service Act, 2023, which provides the legal framework for electronic processes, overtime cargo timelines and disposal consignments after 120 days, with provisions for condemnation, auction or other disposal methods.
The Custom’s boss listed the benefits to include transparency through time-stamped actions, accountability through strict timelines, efficiency in terminal operations and data integrity with all documents integrated on Customs servers.
He urged stakeholders across the commands in Kano/Jigawa, Kaduna, Katsina, Kebbi, Niger and Kogi to familiarise themselves with the process, train their teams and constructively engage with Customs officers for effective implementation.
“The Nigeria Customs Service is not merely automating a process, we are transforming a culture.
“Delay, opacity and congestion are being replaced with efficiency, transparency and accountability,” the CGC said.
In his remarks, the Customs Area Controller, Kano/Jigawa Command, Mr Dalhatu Abubakar, assured the stakeholders that the command was committed to eliminating overtime cargo.
“As terminal operators, with proper sensitisation and capacity building, we have no reason to admit cargo as overtime in Kano.
“I urge you to take this opportunity seriously to achieve that,” he said.
Also speaking, Chief Superintendent of Customs, Headquarters, A. A Abdulkadir, explained that the system was not new but a digital transformation of the manual overtime cargo clearance process, which comes with added simplicity and efficiency.
The Chairman, Clearing Agents Association, Kano, Alhaji Hafiz Rilwan, on behalf of the stakeholders, commended the CGC for the initiative and pledged to support its implementation through wider sensitisation.
Minister of Marine and Blue Economy, Adegboyega Oyetola, has charged the Maritime Academy of Nigeria (MAN) to remain committed towards producing thorough-bred professionals for the maritime industry.
Oyetola gave the charge at the 2025 third quarter Citizens’ and Stakeholders’ Engagement of the Institution, in Oron, Akwa Ibom State, with the theme ‘Implementation of the National Policy on Marine and Blue Economy for Onboard Training of Nigerian Merchants Navy Cadets and the Critical Needs of the Maritime Academy of Nigeria’.
Represented by the Deputy Director, Research, Planning and Statistics, MAN, Joshua Ayebameru, the minister urged the authorities of the institution not to compromise standards.
Oyetola said “Over the years, the academy has trained qualified personnel for the maritime industry. The academy remains a cornerstone institution in the maritime sector.
“Through its programmes, training, and commitment to excellence, the academy continues to produce the manpower required to keep the sector vibrant and competitive”.
Oyetola further stated that the engagement was to enable stakeholders brainstorm on how to advance Nigeria’s marine and blue economy through collaborations, training and innovation.
He insisted that seafarers, cadets, and other maritime professionals from the institution must be well-equipped to compete globally and to drive the growth and sustenance of the sector.
The minister called for stakeholders collaboration towards developing the maritime sector, saying, “the future of Nigeria’s marine and blue economy depends on all of us”
In his remarks, the Chairman of MAN’s Governing Council, Kehinde Akinola, said that the council had developed a comprehensive five-year strategic development plan for the academy.
Akinola said that the plan, when approved, would accelerate institutional reforms, enhance training standards, deepen industry linkages, and reposition the academy for greater efficiency.
He said that the governing council was partnering shipowners and operators to secure practical training for the cadets.
“It is an obligation because we must prepare our cadets to meet international standards,” he said.
Earlier, Dr Kevin Okonna, the Acting Rector of the academy, Dr Kevin Okonna, noted that the academy, within the past 10 months, had been repositioned to enhance teaching and learning.
Okonna said that the institution had been collaborating with maritime professional associations and the academy’s alumni to facilitate the employment of more maritime professionals.
“We have employed about seven marine professional lecturers to enhance cadets teaching and learning.
“We have also obtained the commitment of shipowners and their associations to provide onboard training opportunities for our cadets,” he said.
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