Is Jumia losing Nigeria market to Konga?

 

Jumia just sacked about 300 staff and that is really no good news to many people who have been following the trend in e-commerce business in Nigeria. Rocket Internet the major investor behind Jumia have not issued a statement on the future of it business in Nigeria.

  But Gistmaster gathered that Jumia's office in Zambia is shut and out of business.Felicia Omari-Ochelle, writing for Venture Africa noted that despite the huge investor fund,Jumia is yet to declare profit in Nigeria.
   If Jumia sacks 30 per cent of it workforce in Nigeria. What does that mean? Do i hear you say Konga, it major competitor led by Sim Shagaya is winning? Well, Konga carried out it own mass sack in the past.

Why is senator David Mark always silent in the 8th assembly?-Nairalander

Why is Senator David Mark always silent in the 8th assembly?.This is a very hilarious question, just as it should be taken seriously. A nairalander,Udeghe asked the question recently.Mark was the Senate president durning past administrations.

He was re-elected to the House of Senate on

Learn Style Secrets From Veronica Ebie-Odeka at Lagos Fashion and Design Week

 I just got this from one of one of our media friends,The Bobby Taylor Company.I am very sure some of you will be interested in  Vane style clinic.
Veronica Ebie-Odeka will share keys to building that perfect style wardrobe, glam essentials for the 9-5 woman, the mom make over guide to looking your best and of course her famous style yourself 'thin' secret and accessory power. 
Media Partners for this event are: Style Vitae,

When Chivas Regal,world's first luxury whisky hosted Olisa Adibua at Club Quilox

On Saturday, 17th October 2015, Club Quilox came alive as Chivas Regal, the world’s first luxury whisky hosted Olisa Adibua, a quintessential On Air-Personality at Beat 99.9FM to a ‘Taste of Luxury’. It was a great event that drew celebrities from the media and entertainment industry.
 
Chivas Regal is known to celebrate social entrepreneurs

Tunde Folawiyo buys Yacht

Business magnate and MTN director,Tunde Folawiyo just took delivery of a new yacht.The Yacht has FAFA inscribed on it.On Friday 16 October 2015 the new yacht was towed into Folawiyo jetty opposite the billionaire's family home on Queen's drive,Ikoyi.

Before his death,Tunde's father,Alhaji Wahab Iyanda Folawiyo was one of Nigeria's richest men.The younger Folawiyo is estimated to be worth $650 million by Forbes magazine.

Why THENET Will No Longer Be Available on Newsstand-Ayeni Adekunle

Actor Richard Mofe Damijo,Tuface Idibia and Ayeni Adekunle at book launch on Tuface, recently.

 Ayeni  Adekunle the publisher of weekly entertainment newspaper,THENET have confirmed that the print edition will no longer be available.Ayeni, who recently launched a book on Nigeria afro hip hop legend,Tuface Idibia said readers will continue regular dosage of up to date news from their website.

Read the full statement by Ayeni below

Today, I confirm what many have suspected: the weekly print edition of

Senate Postpone Amaechi's screening again

The Nigeria senate has moved the screening of ministerial nominee, Rotimi Amaechi to Wednesday. Amaechi's name was initially on the screening list circulated this morning but the list was later amended. Amaechi is a former governor of River State.
Some other ministerial nominees and sitting senators are facing cases of corruption.Who is blocking Amaechi's confirmation?

UBA Records 44% Growth in Profit, As Gross Earnings Rise To N247.2 Billion

Pan-African financial services group, United Bank for Africa (UBA) Plc, yesterday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6 billion and a 17% rise in gross earnings to N247.2 billion. 

The third quarter results also show Net Operating Income (NOI) recorded a strong 21% growth to N167.4 billion. 

 The cost to income ratio remained within management's

Global Recognition for Nigerian Stock Exchange

The Nigerian Stock Exchange’s efforts to at promoting corporate social responsibility and sustainability received boost recently when the bourse was honored with the Best Corporate Social Responsibility Company Award in New York, United States at the African Business Awards. 

The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence in African businesses, by recognizing the individuals and companies that are driving Africa’s rapidly transforming economy and creating new socio-economic opportunities for citizens and communities all over the continent.

  The Managing Director of IC Publications and Group Publisher of African Business magazine, Mr. Omar Ben Yedder said “It is encouraging

Court sentenced Policeman to death for killing Pure water seller

A Rivers State High Court has sentenced one Inspector Samuel Timothy of the Nigeria Police to death by hanging for shooting and killing a sachet water dealer, Onyekachi Nwasouba.

The court’s ruling is coming about five years after Nwasouba was murdered by the police at about 5am on November 10, 2010 at No. 34, Old Aba Road, Port Harcourt.

Nwasouba, who was a graduate of Industrial Chemistry, was branded an armed robber by the police while he was on his way to distribute his products to customers within the Port Harcourt metropolis.

The deceased was shot dead by a team of policemen, led by Timothy, at

FCMB add colour to 2015 Ojude-Oba festival Ijebu Ode

From left: The wife of the Founder of First City Monument Bank (FCMB), Olori Abimbola Balogun; the founder of the Bank Otunba Olasubomi Balogun and the the Deputy Governor of Ogun state, Mrs. Yetunde Onanuga, during the Ojude Oba Festival held at Ijebu Ode in Ogun State on Saturday (September 26, 2015).

FCMB founded by Otunba Subomi Balogun has continued to demonstrate it love for the the promotion of culture and tourism in Nigeria.

 As usual FCMB's participation at the 2015 Ojude Oba Festival held at Ijebu Ode, Ogun state on Saturday September 26, 2015 on your platform was notable.

The Bank has been sponsoring/supporting the Festival over the years. FCMB's involvement in the festival is a demonstration of its value as a helpful bank committed to reaching out to all segments of the society. 

In a statement obtained by Gistmaster,the management said "FCMB will continue to support initiatives that will enhance the well-being of the society and the people by providing value-added offerings"

Ini Edo opens Night Club in Lekki

 

Ini Edo just opened a new night club in Lekki.According to the latest gist in town as gathered  by gistmaster.com , Ini will formally open the night club on 30 September 2015. This will enable enjoyment of the day roll over to the next day,

Naija Fattest man showing off his bum in this video

I have never seen a man as fat as this.Despite his body mass,he is still yet agile and proud of himself.I captured this video durning the 2015 ileya sallah celebration 

Families of Six Nigerians killed in Saudi mosque crane accident to receive N70 million each

Families of six Nigerians who lost their lives in the Saudi crane incident will receive N70 Million each, The king of Saudi ordered. The Nation Newspaper reported that the victims family will also benefit from other private claims.

Families of the six Nigerian pilgrims who died in the last Friday crane collapse at the Makkah grand Mosque are to get N70 million each.

Custodian of the two Holy Mosques,

UBA supports Ebola movie, celebrating courage and selflessness

Head Marketing and Corporate Communications, UBA Plc, Mr. Charles Aigbe in warm handshake with Legendary Hollywood actor, Actor, Danny Glover at the World conference organised for the Unveiling of the cast of 93 Days movie

Pan African banking and financial services group United Bank for Africa (Plc) has restated its commitment to the growth and development of the African movie industry by supporting the

Peak ‘Reach for Millions’ Promo: 16 Millionaires created! 44 Millionaires still to go who will be next?

L -R: Sales Director, FrieslandCampina WAMCO Nigeria Plc, Mr. Adewale Arikawe; 1million Naira Winner of the Peak Reach for Millions Promo, Aniamalu Nnamdi Fabian; and Managing Director, FrieslandCampina WAMCO Nigeria Plc, Mr. Rahul Colaco at the Peak Reach for Millions Promo Prize Presentation in Enugu on Saturday, August 28, 2015.

Sales Manager Lagos, FrieslandCampina WAMCO Nigeria Plc, Mr. Macpherson Oniyamah, 1million Naira Winner of the Peak Reach for Millions Promo, Mr. Gregory Okpara and Senior Brand Manager Peak, Mrs. Omolara Banjoko, at the Peak Reach for Millions Promo Prize Presentation in Lagos on Saturday 22nd of August 2015

L -R: Junior Brand Manager Peak, FrieslandCampina WAMCO Nigeria Plc, Mr. Adetunji Quadri, 1million Naira Winner of the Peak Reach for Millions Promo, Raji Muideen Taiwo, Senior Brand Manager Peak, Mrs. Omolara Banjoko and Client Service Manager Oracle Experience Limited, Mrs.  Idongesit Ezekiel, at the Peak Reach for Millions Promo Prize Presentation in Lagos on Saturday 29thof August 2015

Lagos, Nigeria, Saturday, August 29, 2015. Peak ‘Reach for Millions’ promo is rapidly gaining momentum as 16 consumers from different states across the country and Abuja have won a million naira each in less than three weeks. Some of the winners include hairdressers, students, custom officer and construction workers among others.

According to the company, the lucky consumers of Peak were presented with their prizes at a location nearest to their homes and will redeem their cash in selected First Bank branches through First Monie, the financial partner of the promo.

Comfort Anthony, an Abuja based hairdresser and student won the first one million naira of the 60 million naira promo. She intends to expand her hairdressing business with the money among other plans.

Winners of a million naira in the promo so far are Minchi Dandoka from Abuja, Mohammad Shayau from Kebbi State, Jefrey Kor from Benue, Franca Chire, Custom officer from Jos, Ndubuisi  Dibio from Enugu, Sheu Abdulahi from Abuja, Danjuma Garba from Yola, and Okpara Gregory, a trader and student from Lagos.

Others are Ikaroha Samuel from Kano, Raji Muideen Taiwo from Lagos State, Atsacha Ishaku, a student from Maiduguri, Mrs Amaka Nweke from Enugu, Chris Ikoh from Kano, Aniamalu Nnamdi Fabian from Enugu and Ugochukwu Okafor also from Enugu.

One of the winners, Franca Chire, a Custom officer in Jos expressed happiness with thanks to Peak for the rear ‘gift’ given to her.
“Oh goodness, thanks so much peak for putting smiles into my face.  I am over joyous. I’m really excited. The lord has done me well.” Franca stated with happiness.

Another winner, Ndubuisi Dibio, a petty trader and an electrical building technician who resides in Awgu Local Government area of Enugu State disclosed he heard about the promo on a television program.

Ndubuisi claimed he had to buy two cartons of Peak brand in order to win and that his effort was not in vain after he was declared one of the winners of a million naira.

“So I bought about two cartons of peak milk. I am very happy, I give thanks to God. I will use the money to improve on my business and also for further studies.”

“Well I was hoping to win and prayed to God to make me one of the lucky winners in the promo. I participated to win and not to lose, I thank God for making me one of the winners of this unique promo.”  Ndubuisi stated after collecting his cash prize of a million naira.

Meanwhile, consolation prizes of N1,000, N5,000, N10,000 and N15,000 among others  prizes have also been doled out in different categories to other participants of the promo across the country.

Peak ‘Reach for Millions’ promo is part of 60th anniversary celebration of the Peak brand in Nigeria. The promo is targeted to reward consumers for 60 years of loyalty and patronage and also to build brand love with consumers who have been consistently consuming and are willing to consume more of Peak.

Speaking during the cheque presentation in Enugu, Mr. Rahul Colaco, Managing Director, FrieslandCampina WAMCO told the audience that the Peak ‘Reach for Millions’ promo is designed to transform 60 consumers into instant millionaires.
He said, “This promo is aimed at rewarding loyal customers who have decided to identify with the brand. This promo is just another channel for us to say a big thank you to consumers who have stood with brand for the past 60 years.  To this end I say congratulations to all winners and participants of this rare promo.”

He further stated that the response and participation so far is indicative of the positive acceptance of the promo by consumers across the country and urged other consumers who are yet to partake to take advantage of the promo which he claimed will be most rewarding and gratifying.
He stated that all consumers need to do is to buy any Peak milk range except the Peak 123 baby product and look for a unique bar code starting with ‘BN’ on it and text the code to 55331.”

FrieslandCampina WAMCO, makers of the Peak brand have set aside 60 million naira for 60 lucky consumers in 60 days. 16 million naira has been won while 44 million naira is still up for grab. The promo ends in September, 2015.
For more information, consumers can check: www.facebook.com/Peakmilk, www.peakmilk.com.ng  and www.youtube.com/PeakMilkNG or simply text PEAK to 55331

How to buy a pre-owned car with Jiji.ng

Nigerian classifieds

Jiji.ng is a great place to sell or purchase all the necessary stuff you may need or can imagine. It gives an opportunity to buy pre-owned electronics and devices, furniture and household equipment, cars, and even real estate. To get the access to all the advantages, you just need to register on the website or sign in with Facebook. Anyone can post or view advertisements for free. The

Obiano's wife,Bianca Ojukwu, others storm UN Fashion Week, New York

United Nations Fashion Week and Awards 20th to 26th October 2015 at Pennyslvian Hotel,Manhattan New York. The Anambra State first lady,Obiano will receive the humanitarian award for her invaluable contributions to child education.Also expected is Ambassador Bianca Onoh Ojukwu,a ex-most beautiful girl in Nigeria and former Nigerian Ambassador to Spain.

  Organizers of the award,  Buchi George told GISTMASTER that not less than 50 high profile fashion designers and models will add colour to the fashion week.
"Nigeria designers such as Frank Osodi,Mmodella,Adebayo Jones,Simply glamour hug and other african designers will also showcase at the fashion week", Buchi said.

First Bank announces Adeduntan as Onasanya's successor,Awosika takes over as Chairman

Adeduntan

FBN Holdings Plc, the leading and most diversified financial services group in Nigeria, today announced major changes to its leadership team, effective January 1 2016. Mr. Bello Maccido, pioneer Group CEO, FBN Holdings, is leaving his position to become pioneer Chairman of the newly-licenced FBN Merchant Bank Ltd, while Mr. UK Eke (MFR), currently

Ex-Governor Akpabio involved in auto accident

The Senate Minority Leader, Godswill Akpabio who used to be the governor of Akwa Ibom state on Monday morning escaped death narrowly after his car got involved in an accident along the Airport Road in Abuja, having violated traffic law. According to a report by daily post

An eye witness narrated that Senator Akpabio was moving in a