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In a surprising move that reverberated across the African e-commerce landscape, Jumia, the leading online retailer on the continent, has announced its decision to close down its food delivery service, Jumia Food, by the end of December 2023. This unexpected withdrawal creates a significant void in the thriving African food delivery market, prompting speculation about […]
The post Jumia Food Exits Nigeria, Other African Markets appeared first on Naija News.
A new report published by the Chartered Institute of Human Resource Management and auditing firm, KPMG Ghana has shown a
Point-of-sale operators nationwide have implemented a 100% increase in their service charges, a direct response to the prevailing Naira scarcity. The newly elected secretary of the Association of Mobile Money and Agent Banking Industry in Nigeria, Elegede Segun, confirmed this development during a conversation with DAILY POST on Tuesday. Attributing the surge in fees charged […]
The post Naira Scarcity Triggers 100% Increase In PoS Service Costs Nationwide appeared first on Naija News.
Analysts attributed the weakening of the exchange rate to the activities of currency hoarders.
The post Concerns Mount As Naira Hits N1,200 At Parallel Market, N1,099 At Official Window appeared first on Arise News.
“This license is a testament to our unwavering commitment, strategic foresight, and resilience over the past decade,” said Herbert Wigwe.
The post Access Bank UK Granted Approval To Commence Operations In Hong Kong appeared first on Arise News.
On Friday, Moody’s, a worldwide rating agency, revealed on its website that the nation’s rising inflation is putting strain on government spending and increasing the likelihood of societal unrest. Naija News reports that the agency revised its assessment of Nigeria, citing potential improvement in the nation’s external and fiscal positions as a result of recent […]
The post High Inflation Raises Social Risk In Nigeria – Moody Reveals appeared first on Naija News.
This follows the country’s victory in an $11 billion judgment debt which was heard in October.
The post Court Awards £20m Damages in Favour of Nigeria Against P&ID, Issues 28-Day Payment Deadline appeared first on Arise News.
“The situation we have in Niger Delta in terms of security is a calamity. We don’t have that anywhere in the world. To engage non-state actors as last resort is abnormal.”
The post At Budget Defence Session, NNPC Tells Senate That Port Harcourt Refinery Will Start Operations December, Warri Q1 2024 appeared first on Arise News.
The Managing Director of Unilever Ghana, George Owusu-Ansah, has announced that the company has reduced prices of some major products
According to market sources and tanker tracking data, the first batch of crude feedstock for Dangote‘s 650,000 b/d refinery has arrived in Nigeria. After years of delays, this development signifies that fuel production at the new $19 billion facility is finally ready to commence, Naija News reports. It was gathered that on December 6, the […]
The post Dangote Refinery Set To Commence Operation As First Crude Shipment Arrives appeared first on Naija News.