Business

…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 …

By Adedoyin Giwa From improving sales volume, to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that ecommerce is opening up the Nigerian economy at an impressive rate. Thriving on a digital economy platform, ecommerce boasts an incredible level of cost-efficiency …

  Nigeria is fast aligning with global world standards in ensuring rapid delivery of the Sustainable Development Goal 7 (SDG7) to end energy poverty and increase the use of renewable energy as a way to ensure universal access to affordable, reliable and modern energy services is available in every corner …

The just concluded Africa Magic Viewers’ Choice Awards was a special edition that generated lots of excitement for Nigerian entertainment audience. While the event was all about a celebration of film, drama, and TV, Pepsi Naija brought a Confam music experience to the week-long celebration like never before. Here is …

HHOG recognised by Project Finance International (PFI) for Africa’s Largest Oil and gas financing in more than a decade. Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1 billion financing and acquisition of 45% stake …

Marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April. However, private sector performance was once again impacted by elevated rates of inflation, uncertainty and unfavourable exchange rate movements. Nevertheless, strong demand encouraged firms to add to their …

Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced the expansion of the services of Leo, its Artificial Intelligence chatbot to Google Business Chat and Instagram. Leo – UBA’s AI-powered chatbot, which enables customers to make use of their social media accounts to carry out key banking transactions – was …

In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period. Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a …

The informal sector is a major source of economic growth and productivity globally. According to both the World Bank and the International Labour Organisation (ILO) statistics, more than 2 billion people representing 61% of the world’s employed population work in the informal sector. Of the number, 93% are reportedly in emerging and …

Globacom, the telecommunications powerhouse, has brought renewed excitement to television screens and online platforms with its recently unveiled suite of adverts. The adverts provide information on how subscribers can link their National Identity Number (NIN) to their Subscriber Identity Module (SIM) on the Glo network. Commenting on the launch of …