Shoprite to open less stores in Nigeria than planned

South Africa's Shoprite will open two stores in Nigeria over the next 15 months, down from as many as 13, the retailer's chief executive said, citing lack of retail space in the west African country.

"With the new legislation (in Nigeria) where clothing retailers had to withdraw; now you don't have enough tenants for (shopping) centres and therefore not as many centres are being built; (hence) growth slows," Pieter Engelbrecht told Reuters in an interview.