Wale Edun-Led Customs Board Cracks Down on Officer Misconduct NCSB Approves New Trade Policy The Nigeria Customs Service Board (NCSB) has introduced a new $300 duty-free threshold for low-value imports. According to Eko Hot Blog, the Board, chaired by Finance Minister Wale Edun, approved a major policy change at its 63rd regular meeting, which takes … Read more
Jumia has launched a quick commerce platform in Lagos EKO HOT BLOG reports that the E-commerce platform, Jumia has announced the launch of a quick commerce platform in Nigeria titled ‘Jumia Food Mart’ to meet increased consumer demand for rapid delivery. EDITOR’S PICK Tinubu Reveals Meeting Details With Obasanjo In Abeokuta JUST IN: … Read more
According to Statista, the Jumia website in Nigeria receives the largest website traffic for an e-commerce platform in Africa… EKO HOT BLOG reports that majority of the leading e-commerce companies in Africa are located in some of the continent’s major economies – South Africa, Nigeria and Kenya. e-Commerce in Sub-Saharan Africa has witnessed considerable growth … Read more
Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its Wall Street initial public offering price of 14.50 dollars in April, hitting a record low of 5.10 dollars on Monday … Read more