African online retailer Jumia on Tuesday reported a nearly 18% fall in third-quarter revenue as it shifted towards less expensive but more frequently ordered items and missed out on lockdown boosts enjoyed by international rivals. Cost-saving efforts, however, allowed Jumia to reduce its adjusted loss in earnings before interest, taxes, depreciation and amortization for the Read More…
The Lagos State Government says it is targeting a performance level of at least 86 per cent of the year 2020 budget at the end of the fourth quarter. Gov. Babajide Sanwo-Olu said this during the presentation of the 2021 Appropriation Budget at the Lagos State House of Assembly, Ikeja. Sanwo-Olu said that at the Read More…
Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Tuesday with the market capitalisation hitting N17 trillion benchmark due to gains in high capitalised stocks. Specifically, the market capitalisation appreciated by N212 billion to close at N17.059 trillion compared with N16.847 trillion recorded on Monday. Similarly, the All-Share Index improved by 404.05 points or Read More…
16 players participate in training session for AFCON qualifiers The Super Eagles on Tuesday in Benin had their first training session in the last leg of preparations for their Africa Cup of Nations (AFCON) qualifying matches against Sierra Leone. 16 of the 23 invited players took part in the training. Napoli forward Victor Osimhen was Read More…