Business

By Adeola Olanloko Last week, Nigeria’s business media was awash with the speculation that Leo-Stan Ekeh, the chairman of Zinox Technologies and owner of the Konga e-commerce platform is on his way to acquiring Jumia Technologies, Africa’s leading e-commerce platform. According to Nairametrics, an online business journal, Ekeh “has been …

Doubles gas production capacity of OML 17 while upholding ESG commitments Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational 1-year anniversary. An important aspect of this commitment is the elimination of routine …

Globally, business conduct is no longer what it used to be; thanks to the impact of digital technology. The influence has become so eroding and enormous, such that digital revolution and digital wave have become buzzwords in today’s business world. Be it large or small enterprises, business owners are left …

In furtherance of its commitment to tackle Nigeria’s housing deficit, Landwey Investment Limited, Nigeria’s largest residential developer, has announced plans to deliver 1000 premium homes starting from the end of the second quarter of 2022. Shola Bello, managing Director, LandWey, made this known in a chat with newsmen on Monday. …

Lagos, Nigeria, May 22, 2022: Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a Memorandum of Understanding (MoU) with the Nigerian Optometrist Association (NOA) to automate operations, enhance capacity and provide funding at competitive interest rates for members of the association. Speaking at the signing ceremony of the MoU in …

In collaboration with Interswitch, FirstBank has launched a promo to reward users of the FirstMobile app, its industry-leading mobile banking application. The promo tagged FirstMobile Cash-out Promo will run for 3 months. The promo, which started on Monday, 21st March 2022 will end on Tuesday, 21st June 2022. Various prizes …

Nigerians spent not less than $220.86 million on foreign education between December 2021 and February 2022, figures from the Central Bank of Nigeria (CBN). The figures are contained in the CBN data on the amount spent on educational service under the sectoral utilisation for transactions valid for foreign exchange for …

They cleared out my account’ Women seek N10m from Polaris Bank over illegal deductions. Three businesswomen have told the Surulere Magistrate Court in Lagos that their domiciliary and Naira accounts were unlawfully frozen by their bank, adding that it also allegedly made illegal deductions of $30,769 from the accounts. The …

B2B e-Commerce platforms, such as Alerzo, Tradedepot facilitate faster product distribution for FMCG manufacturers like Unilever, Nestlé, Procter & Gamble, PZ Cussons, Reckitt Benckiser, Dangote, Golden Penny, Dufil and Flour Mills. No doubt digital technology is redefining manufacturing, distribution and retailing which in turn reflects on our day-to-day living. There …

…continued growth acceleration in Q1 2022 …orders increased by 40% year-over-year …GMV increased by 27% year-over-year …revenue increased by 44% year-over-year Lagos, May 17, 2022 – Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the “Company”) announced today its financial results for the first quarter ended March 31, 2022. “We kicked …