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MTN seeks to sell $243m stake in Jumia

Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.

Rocket Internet dumps Jumia, sells 11 percent stake

German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily fall since they listed last April on Wall Street.

IBEDC says no electricity disconnection during lockdown

The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic.
Demand for products like hand sanitisers, face masks, and cleaning wipes have spiked since Friday when Africa’s most populous nation confirmed its first case of coronavirus.

Coronavirus: Nigeria probes increased prices for sanitisers, face masks

Nigerian authorities have begun an investigation into skyrocketing prices of hygienic masks and sanitising gels following the emergence of coronavirus in the West African nation, an official has said.
Interswitch

Nigeria’s Interswitch hits $1billion valuation with Visa investment

Nigeria’s digital payments firm Interswitch said Visa has acquired a minority equity stake in the firm, TechCrunch has reported.
Alhaji Munir Sanusi, the chief of staff to the Emir of Kano, has confirmed the receipt of the query issued to Emir Muhammad Sanusi II by the Kano state government.

Emir Sanusi: Girl-child education, panacea for unchecked population growth

The Emir of Kano, Mohammed Sanusi II, on Monday said the panacea for population growth is the education of the girl-child.

Q2 2019: Jumia reports €17.3 million profit

Jumia Technologies AG has announced that it recorded €17.3 million, a 94 per cent year-on-year (yoy) increase in gross profit for the quarter ended June 30, 2019.

Jumia reports 94 percent increase in 2019 second quarter

Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 per cent increase in gross profit.

Nigeria considers new 5% tax for online purchases

The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said.

Jumia donates to Red Cross orphanage, LASTMA

A leading Nigerian e-commerce firm, Jumia Nigeria, has donated home care products and reading materials to the Nigerian Red Cross Orphanage Home located at Makoko, in Yaba area of Lagos State.

Report: Broadband penetration to rise to 55% by 2025

The “Nigeria Mobile Report 2019” released at the weekend by Jumia Nigeria has stated that the nation’s mobile broadband penetration is forecast to rise to 55 percent of its population by 2025.
Students of Regina Paecies who won Gold in the World Technovation Challenge

Anambra Technovation girls, IFEST boys valued at billions of dollars

The Silicon Valley-Nigeria Economic Development (SV-NED) says the five Nigerian girls from Regina Pacies Secondary School, Onitsha, and the four boys from St. John Science and Technical College, Alor, both in Anambra, are worth several billions of dollars.
Jumia NYSE

Jumia becomes first African start-up to list on New York Stock Exchange

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange.

Jumia: ‘Africa’s Amazon’ in landmark stock market listing

Shares in Africa's largest e-commerce retailer are set to start trading in New York on Friday in a move that could pave the way for other tech start-ups from the continent.
Ikogosi Warm Spring Resort in Ekiti

Romantic spots to spice honeymoon within Nigeria

Mrs Omolara Adagunodo, the Managing Director, Jumia Hotels and Flight Services, says many Nigerian couples are ignorant of the existence of exotic honeymoon locations in the country.

MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.
Nick O'Donohoe

UK DFI to invest $1.2 billion in Nigeria

CDC Group Plc, The United Kingdom’s (UK) development financing institution (DFI), says it may invest up to $1.2 billion in Nigeria in post-brexit drive.

Black Friday: Nigerian online shoppers express disappointment

Monitoring the black Friday conversations on social media, most Nigerian online shoppers revealed lack of trust, as many believed the e-commerce companies were simply boost their sales without offering really great discounts.

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President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).

President Buhari, General Danjuma meet at Aso Rock

President Muhammadu Buhari on Wednesday met with a former Minister of Defence, Gen. Theophilus Danjuma (retd.).
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

Eid-el-Maulud: President Buhari preaches love, honesty

President Muhammadu Buhari has urged all Nigerians to seize the opportunity of this year’s Eid-el-Maulud to reflect on the virtues of the Holy Prophet by showing love and understanding for fellow citizens.
Joe and Jill Biden voted in Wilmington, Delaware, on Wednesday

US election: Joe Biden votes in Delaware

Democratic White House hopeful Joe Biden cast his ballot in the US presidential race Wednesday in Delaware, six days before the end of a turbulent campaign pitting him against incumbent Donald Trump.

CAF president confirms candidacy for re-election

The Confederation of African Football President Ahmad Ahmad has announced his intention to run for a second term in office.

AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up

South African giants, Kaizer Chiefs, has confirmed that goalkeeper, Daniel Akpeyi, has received a call up for Super Eagles’ 2022 Africa Cup of Nations double-header against Sierra Leone in November.