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 …
Read More »B2B e-commerce platforms facilitate faster product distribution for FMCG manufacturers
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 …
Read More »Jumia reports First Quarter 2022 results
…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 …
Read More »LCCI DG says new e-commerce group will ensure conducive policy, regulatory environment
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 …
Read More »N130m Fraud: EFCC releases ex-Reps speaker, Patricia Etteh on bail
Etteh The Economic and Financial Crimes Commission (EFCC) Friday released Patricia Etteh, a former Speaker of the House of Representatives on administrative bail after three days of interrogation. She was released Friday night upon fulfilling bail conditions offered her by investigators working on her matter. Etteh is to report periodically to …
Read More »MOJEC International and the future of energy sustainability in Africa
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 …
Read More »Pepsi Naija’s ‘Confam Gbedu’ Experience: Here’s What You Missed at the 8th AMVCAs
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 …
Read More »Heirs Oil & Gas’ OML 17 wins PFI Africa deal of the year
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 …
Read More »JUST IN: APC announces new dates for presidential primary, others
The All Progressives Congress has fixed a new date for its presidential and all other primary elections. This was contained in a statement signed by the National Publicity Secretary of the party Felix Morka. The statement was titled, ‘APC adjusts schedule of activities for 2023 primary elections’. He said the …
Read More »JUST IN: EFCC arrests, grills ex-NDDC MD, Nsima Ekere over N47bn fraud
Nsima Ekere, a former managing director of the Niger Delta Development Commission (NDDC) has been arrested by the Economic and Financial Crimes Commission (EFCC) for alleged diversion of funds to the tune of N47 billion through registered contractors of NDDC. The former NDDC boss was arrested on Wednesday in Abuja. More …
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