Monday , March 27 2023


eTranzact records N18.62Bn Turnover in 2018

eTranzact International Plc, Nigeria’s leading electronic and mobile payment processing company, grew its revenue by 59 per cent in 2018. This is despite the harsh business environment and plummeting consumer spending. The financial statement presented to the shareholders at its 15th Annual General Meeting (AGM) held in Lagos shows that …

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Jumia to partner NIPOST, reports 94% increase in Gross Profit

The foremost e-commerce company, Jumia has announced its possible partnership with Nigerian Postal Service (NIPOST) to effectively improve and expand its services nationwide. The Jumia Nigeria Chief Executive Officer, Juliet Anammah who made this disclosure while speaking with press men in Lagos said the potential partnership will most importantly help …

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eTranzact records 400 million transactions in 2018

Africa’s premier electronic payment solutions provider, eTranzact International Plc has recorded over 400 million transactions at the end of 2018. The Managing Director, eTranzact International Plc, Niyi Toluwalope at a media interactive session in Lagos said, in spite of regulatory headwinds and turbulent operating environment, the volume of the company’s …

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How technology is disrupting FMCG distribution

Fast Moving Consumer Group (FMCG) Disruption has transformed from being a business cliché to a fearful reality, especially if businesses intend to be relevant in the coming years. Disruptions have changed the banking sector, the telecom sector and recently, the e-commerce sector. A little over 20 years ago, Nigerians spent …

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