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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.
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.
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.
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.
Nigeria’s digital payments firm Interswitch said Visa has acquired a minority equity stake in the firm, TechCrunch has reported.
The Emir of Kano, Mohammed Sanusi II, on Monday said the panacea for population growth is the education of the girl-child.
Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 per cent increase in gross profit.
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.
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 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.
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.
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 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.
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.
The Confederation of African Football President Ahmad Ahmad has announced his intention to run for a second term in office.
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.
Mr Timothy Owoeye, the Speaker of Osun House of Assembly, on Sunday condemned the widespread looting and vandalism of private and public property in the state by residents and hoodlums under the guise of EndSARS protest.
The atmosphere around the city was tense and uncertain. The night before had been characterised by the cries of innocent peaceful protesters at the Lekki toll plaza, who were faced by the bullets of trigger-happy soldiers.
Mr Umar Muri, Commissioner of Police (CP), Kaduna State Police Command, says the command will deal decisively with any person or group disturbing the peace in the state.
The Bayelsa State Government has banned the use of public places and parks without due application and approval.
The 81 Division of the Nigerian Army (NA) has denied allegation soldiers opened fire on #ENDSARS protesters at the Lekki Toll Plaza last Tuesday.