Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Jumia has introduced Jumia Bot, Nigeria’s first e-commerce Bot. Using Jumia Bot, shoppers can order food, find fashion or electronic items and book hotels and flights by simply having an online conversation with the bot.
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent.
On the basis of its high business environment opportunity potential, Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years.
Lola Ekugo runs an online business that connects travelers and people in Nigeria who want to buy items abroad or transport documents from abroad. It has become an instant hit for providing a fast, safe and reliable alternative to the traditional shipping methods that are expensive and time consuming.
Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data.
Sage, technology for integrated accounting, payroll & HR and payment systems, has announced that Sage One Payroll and Sage One Invoicing is available in Nigeria.
Safaricom Ltd may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya.
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.
The National Emergency Management Agency (NEMA) has adopted cash transfer as one of the strategic ways of reaching out to disaster victims.