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?