This is also as it explained why it posted strong Gross Merchandise Volume, GMV of 58 percent year on year.for e-commerce retail companies means sale price charged to the customer multiplied by the number of items sold.
Jumia, on April 12, became the first African tech stock to list on Wall Street and its shares soared, amid suggestions that it is the ‘Amazon or Alibaba of Africa’. Jumia Nigeria’s Chief Executive Officer , Juliet Anammah, who met with journalists at the firm’s corporate headquarters in Lagos yesterday, said the company stood by its disclosures to the public.Anammah defended her firm against three specific issues raised in the Citron report: fraud involving top Jumia management; recent cases of fraud show heightened risk at Jumia; and that Jumia has allegedly shown a pattern of corporate fraud in the past.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IPO Fraud: MTN Offloads 10.8% Equity As Jumia Sheds $1bnMTN has offloaded 10.8 per cent of its 29.7 per cent shareholding in Jumia Technologies AG, the pan-African e-commerce company currently being rocked by a fraud allegation at the New York Stock Exchange (NYSE). MTN which released its first quarter 2019 financial result last week said, the disposal of 10.8 per cent stake in Jumia […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
MTN posts N48.4bn profit after tax in Q1 - Vanguard NewsMTN Nigeria Plc has announced N48.4 billion Profit After Tax, PAT, for its first quarter, Q1, ended March 31, 2019, representing 50.2 percent increase compared to N32.2 billion recorded in the corresponding period in 2018.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Community takes action against new born deaths in Oyo - Vanguard NewsIBADAN—SCALING down the increasing rate of child mortality and new b her development partners alike. Community takes action against new born deaths in Oyo
Source: vanguardngrnews - 🏆 5. / 75 Read more »
No PDP Presidential aspirant worked against Atiku in 2019 - Spokesman - Vanguard NewsSpokesman to former Vice President and Presidential candidate of the Peoples Democratic Party, PDP in the 2019 elections, Segun Sowunmi has dismissed vanguardngr Spokesman tell me a about kwankwaso...
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Senate: Group begins legal, mass actions against INEC over Okorocha’s certificateLet's see were it will end realRochas
Source: MobilePunch - 🏆 8. / 63 Read more »
AFCON 2019: Rohr rules out friendly against Morocco - Daily Post NigeriaHead coach of the Super Eagles, Gernot Rohr, has ruled out the possibility of a pre-Africa Cup of Nations friendly with Morocco. Earlier this week, it was
Source: DailyPostNGR - 🏆 11. / 59 Read more »
‘Crypto Criminals Stole $356m In Q1 2019’Criminals stole more than $356 million from crypto-currency exchanges and infrastructure during the first quarter of 2019, according to blockchain threat intelligence solutions firm CipherTrace. This is even the price of Bitcoin, the world’s most popular digital currency, is gaining after taking a battering last year. It’s now trading at over $5 600, coming from […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
MTN Nigeria releases results for Q1 2019, gains 2.1m subscribers – Daily TrustMTN Nigeria Communications Plc (MTN Nigeria) on Thursday announced its unaudited results for the quarter ended March 31. The Chief Executive Officer of MTN, Mr Ferdi Moolman said that in 2019, MTN Nigeria adopted the International Financial Reporting Standard (IFRS)16 accounting standards in line with global best practice and adjustments are reflected in the results …
Source: Daily Trust - 🏆 13. / 51 Read more »
Rate of poverty: Buhari should match words with action ― Ohanaeze - Vanguard NewsOhanaeze Ndigbo in its reaction to the President Mohammadu Buhari’s concern on the growing rate of poverty in Nigeria said that the government
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Why African Action Congress suspended Sowore - Vanguard NewsThe African Action Congress (AAC) on Monday, suspended its presidential candidate in the 2019 general election, Omoyele Sowore as the national chairman of the party.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Paris Club fund: Amosun, consultant set for legal battle over $11.7m - Vanguard NewsCONSULTANT to the Ogun State Government on External Debt Reconciliation, Bond Investment and Holdings Limited has threatened to drag the state government to court if its cummulated consultancy fee running to $11,740,362.00 is not paid within the next seven days.
Source: vanguardngrnews - 🏆 5. / 75 Read more »