BUSINESS

Q2 Report: Jumia Records 38% Profit Increase, As Active Users Hit 6.8million

LAGOS – Africa’s leading e-commerce platform, Jumia recently announced its financial results for the quarter ended June 30, 2020 with the report showing significant progress on the path to profitability. According to a release e-signed and made available to StarTrend Int’l magazine & www.startrendinternational.com by Ayomide Oriade of PR Redline, …

Read More »

Jumia’s march to profitability excites stock brokers

Opinion By Emmanuel Nwachukwu At the New York Stock Exchange (NYSE) where the stock of Jumia Technologies AG (Africa’ leading e-commerce platform) is listed, the stock is now priced at $17 and the shares are 0.54 points up or 6.03 percent higher compared to its previous closing price of $16.28. …

Read More »

FBN Holding Injects N25billion Capital Into FirstBank

LAGOS – FBN Holdings Plc has announced the injection of N25 billion worth of equity capital into First Bank of Nigeria. The move is coming on the heels of FBN Holdings’ recent divestment from FBN Insurance Ltd. According to a statement signed by FBN Holdings’ Company Secretary, Seye Kosoko, noted …

Read More »

After 30 Years, Buhari Signs Amended Companies And Allied Matters Bill

ABUJA – President Muhammadu Buhari on Friday, August 7, 2020 in Abuja assented to the Companies and Allied Matters Bill, 2020, recently passed by the National Assembly. According to a release e-signed and made available to StarTrend Int’l magazine & www.startrendinternational.com by Femi Adesina, Special Adviser to the President (Media …

Read More »

e-Commerce And Shopping Culture In Emerging Post Covid Era

Opinion By Emmanuel Nwachukwu There’s no refuting the fact that Covid-19 has had a huge impact on every facet of human endeavour. Its economic impact was felt globally. Though the pandemic itself didn’t cripple the economy; its accompanying restrictions hindered the people whose activities ran the economy. According to analysis …

Read More »

N41Bn NITEL Liquidation Scam; UBA Distances Self, Describes Reports Untrue, Malicious, Misleading

LAGOS – United Bank for Africa (UBA) Plc has described as “untrue, misleading, malicious, libelous” reports in a section of the media that Mr Tony Elumelu, Chairman, UBA Plc, was allegedly involved in a N41 billion fraud, with respect to the defunct Nigeria Telecommunication Company (NITEL). According to the reports, …

Read More »

Dangote Presents 82 Trucks To Distributors For Easy Distribution Of Cement To Consumers

LAGOS: In its bid to encourage and enhance easy distribution of cement to consumers nationwide, the Management of Dangote Cement Plc has presented 82 brand new trucks to its distributors According to a statement from the company, the gesture was to further help distributors service their customers efficiently and profitably. …

Read More »

Partial Risk Guarantee Not An Issue In Azura-Edo IPP Contract Says Presidency

By AbuSatar Hamed ABUJA – Over the past week, there has been an unnecessary controversy about the Azura-Edo Independent Power Project (IPP) especially the concerns about who signed the transaction documents and who did not sign, thus ignoring the consequences of backing out of the agreements by the Federal Government. …

Read More »

Driving Growth Through Digital Economy

Opinion By Ayomide Oriade The outbreak of COVID-19 and preventive measures enforced by authorities across global borders has further extolled the importance of technology-based connection and communication between people, businesses, organizations and processes; a convergence that makes up a digital economy. At the last World Economic Forum, global economic leaders …

Read More »