Jumia: The losses pile up as Africa looks elsewhere for pride
By Bola Oduntan Jumia, the ecommerce company described in April 2020 as the ‘e-commerce startup that fell from grace’ by BBC, has fallen into the pit even much deeper. This…
COVID-19, #EndSARS cost MSMEs in Lagos N2.7bn in losses – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the recent Coronavirus (COVID-19) lockdown…
Jumia suffers major setback, shuts Cameroon operations, records losses
Africa e-Commerce company, Jumia, has closed down operations of its Cameroon subsidiary, Jumia Cameroon. This is coming less than a week after Jumia released its Q3 financial report in…
Dangote Cement, Nestle lead losers’ chart on NSE
Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of losses with Dangote Cement dropping N13 to close at N210 per share. Nestle followed with N6…