Choosing the Right Online Marketplace for Your Business

By Kenneth Horsfall In the world of digital marketing, staying ahead of the curve is essential, especially when it comes to reaching the ever-elusive Gen Z audience. These tech-savvy individuals, born between the mid-1990s and the early 2010s, have distinct preferences and habits when it comes to consuming content. TikTok, the short-form video platform that has taken the world by storm, has emerged as a powerful advertising medium, particularly when targeting Gen Z. With TikTok’s meteoric rise in popularity and Facebook’s continued dominance, businesses must make informed choices about where to invest their advertising dollars. This article will explore five

**Set to hit $6.65bn by End of 2023 A publication by ECDB states that Nigeria ranks 40th in global e-commerce, and is set to generate $6.65 billion by the end of 2023. Nigeria’s e-commerce landscape is said to be on the verge of a transformative revolution, with anticipated growth from 2023 to 2027 at 10.8%. Black Friday is arguably Nigeria’s biggest shopping season, where consumers hunt for unbeatable deals. Interestingly, the unsung heroes of this retail frenzy are the small businesses powered by e-commerce platforms. This Black Friday, we spotlight the important role of Nigeria’s leading e-commerce platforms, like Jiji, Jumia,

Not less than five awards were carted away over the weekend at the 2019 edition of the FMDQ Gold Awards by Stanbic IBTC Holdings PLC, a member of the Standard Bank Group. At the event, which took place at the Oriental Hotel, Lagos, the spotlight was on the lender when it was being called to pick awards for different categories in the presence of dignitaries like Governor Babajide Sanwo-Olu of Lagos State, Ms Mary Uduk, who is the Acting Director-General of the Securities and Exchange Commission (SEC), amongst several others. Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings

By Modupe Gbadeyanka A report released on Wednesday, February 8, 2017 by the National Bureau of Statistics (NBS) has revealed that a total of 19,833 vessels berthed at the various ports in the country between 2013 and 2016. In the report titled ‘Shipping & Port Activities 2013-2016’ and obtained by Business Post, it was also disclosed that the ship traffic statistics at Nigerian ports showed 543,842,425 tonnages were registered within the period under review. It was stated that the year 2014 recorded the highest number of vessels berthed as well as tonnages registered while the least were recorded in 2016.

By Adedapo Adesanya FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has continued to demonstrate itself as a forerunner in supporting the growth of technology startups in Africa through its recent participation in the 2nd investment vehicle of TLcom Capital (TIDE Africa Fund II – TAF 2). TLcom Capital LLP, an Africa-focused venture capital firm recently announced a first close of $70 million for its $150 million Africa focused tech fund (TIDE Africa Fund II -TAF2), this achievement firmly positions the firm as one of the largest independent Venture Capital (VC) fund managers fully dedicated to

By Adedapo Adesanya The Centre for the Promotion of Private Enterprise (CPPE) has called on the newly appointed Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, to clear the backlog of foreign exchange as well as guarantee another recapitalisation in the banking sector. “The clearance of the backlog of forex obligations should be accorded high priority to restore the confidence of domestic and foreign investors,” the Managing Director of CPPE, Mr Muda Yusuf said in a press statement titled Ten Point Agenda For The CBN Governor, released over the weekend. Mr Cardoso and four new deputies on

By Adedapo Adesanya After shedding at the previous session, there was a respite for the Naira at the Investors and Exporters (I&E) segment of the foreign exchange market on Valentine’s Day. The local currency gained 16 kobo equivalent to 0.04 percent on the US Dollar to close at N364.76/$1 compared with N364.92/$1 it traded at Thursday’s session. This was buoyed by the lesser demand for forex at the market segment during the session as the transaction value went down by 60 percent or $429.72 million to $282.33 million from $712.05 million of the previous day. The Naira’s performance at the

By Adedapo Adesanya The federal government has said the country’s approach towards the climate-change-net-zero-emission debate is to optimise the use of its abundant gas resource domestically as a transition fuel. This was made known by Nigeria’s Minister of State for Petroleum Resources, Mr Timipre Sylva, during his address at the Nigeria Annual International Conference & Exhibition (NAICE) organised by the Society of Petroleum Engineers (SPE) in Lagos. He said that the utilisation of gas towards meeting the country’s national needs as promised by President Muhammadu Buhari was Nigeria’s own contribution towards climate change. “As a government, we are determined to

By Adedapo Adesanya The Ekiti State Government has disclosed that it loses N19.2 million to ghost workers in the 16 local government areas of the state on monthly basis. This was contained in the report of an 11-member Committee on Local Government Staff Verification set up by Governor Kayode Fayemi. The committee’s report said the amount represents salaries and emoluments drawn monthly by 362 ghost workers discovered in the just concluded verification exercise. The state government noted that some people were allegedly hiding under ghost workers to pilfer the state’s resources, which warranted the government to set up the 11-member

By Modupe Gbadeyanka Heritage Bank Limited, Nigeria’s Most Innovative Banking Service Provider, has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos yesterday, Mr Ejikeme Obiano, Head, Solutions and Propositions of Heritage Bank said the bank was committed to creating, preserving and transferring wealth as a timeless wealth partner to its customers. He said the bank sees each customer as unique and therefore designs solutions that are tailored to address each customer’s needs. Mr Obiano also said the