Amber Energy Drink unveils web-based game, “Amber Rush”

Esan Bolaji
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Amber Energy Drink unveils web-based game, “Amber Rush”

Amber, a leading and premium energy drink on the stable of Amber Energy Drink Ltd has launched a web-based game called “Amber Rush” that seeks to entertain, relieve and reward its teeming consumers as part of activities marking its one year anniversary in the Nigerian energy drinks market.

The game which was formally unveiled last week is a major driver of the brand’s one year anniversary aimed at creating awareness, arousing interest while inciting more consumers to purchase and also further bonding with the key target audience.

How To Play

  • Have a can of Amber Energy drink, because you’re going to need the energy
  • Energized? Let’s go!
  • Get the URL i.e. rush.amberenergydrink.com
  • Sign in and Let’s Play!
  • Fire each Amber logo that pops with energy by tapping it to fill the Amber can.
  • When filled, see your scores, play again or grab your reward

Hint: it gets faster at some point

Amber Energy drink

It will be recalled that the Amber energy drink was introduced into the Nigerian market in June last year in the thick of the Corona Pandemic.

No sooner was it introduced than it began to gain traction in the market as well as lots of excitements.

Commenting on the new innovation, General Manager of Amber Energy Drinks Ltd, Ms Titilola Adedeji, said,

“The game is a representation of what Amber stands for which includes stimulating the energy in consumers and tapping into the company’s TGs active lifestyle, social connections, and digital convenience.”

To play, gamers are required to sign up with their email or Facebook; choose an avatar, state of residence and phone number; sign in; then play the game by firing each Amber logo that pops with energy by tapping it to fill the can.

Amber Energy drink

“Amber Rush also has a leader board, where you can win cash, merchandise, and product prizes weekly, and monthly. Amber Rush is a game that is here to stay. Eventually, we would be hosting inter-state competitions on Rush.

We are basically trying to create a community of people that are like-minded. You are only as good as your network, so even if you don’t see me and you are playing Amber Rush, we might be able to connect when we are playing on the leaderboard,” the General Manager added.

Amber energy drink is enhanced with a potent herbal blend of Guara, Amino acids and Vitamins. Guarana is natural Caffeine used in beverages. It was said to have been added to Amber to ensure that alongside all the vitamins and nutrients packed in the can, consumers stay alert, energized and healthy.

Telcos Lost 21.5 Million Voice and Data Subscribers in Q1 2021 – NBS

Esan Bolaji
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Telcos Lost 21.5 Million Voice and Data Subscribers in Q1 2021 – NBS

The number of active internet subscribers decreased by 9.35million to 144.95million in the first three months of 2021 from 154.30million in Q4 2020. This represented a -6.06% decrease in internet subscriptions quarter-on-quarter.

The National Bureau of Statistics (NBS) disclosed this in its latest telecommunications data report released on Friday.

According to the report, the telecoms data for Q1 2021 reflected that a total of 192,413,613 subscribers were active on voice as against 204,601,313 in Q4 2020. This represented a -5.96% decrease in voice subscriptions QoQ.

The Bureau also stated that a total of 144,949,194 subscribers were active on the internet as against 154,301,195 in Q4 2020. Brand Spur observed that this represents a -6.06% decrease in internet subscriptions QoQ.

Further Breakdown:

  • Lagos State has the highest number of subscribers in terms of active voice per State in Q1 2021 and is closely followed by Ogun and Kano States respectively
  • Bayelsa and Ebonyi States have the least number of subscribers.
  • Lagos State has the highest number of subscribers in terms of active internet per State in Q1 2021 and is closely followed by Ogun and Kano States respectively
  • Bayelsa and Ebonyi States have the least number of subscribers.

Also, the report stated that “MTN has the highest share of subscriptions. This is closely followed by GLO, AIRTEL, and EMTS (9Mobile) respectively.”

BAT Raises sales growth outlook amid shift to e-cigarettes

Esan Bolaji
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BAT Raises sales growth outlook amid shift to e-cigarettes

British American Tobacco (BAT) raised its annual revenue growth forecast on Tuesday as the cigarette maker’s focus on e-cigarettes and tobacco-heating devices pays off, sending its shares up 2%.

Jack Bowles, Chief Executive:

‘We are accelerating our transformation to build A Better Tomorrow.

We are creating brands of the future and sustainable value for all our stakeholders. We added +1.4m non-combustible product consumers in Q1, to reach a total of 14.9m.

We are investing and building strong, fast-growing international brands in each segment, rapidly accelerating our reach and consumer acquisition, thanks to our digitalisation and our multi-category consumer-centric approach, supported by the right resources and products, and our agile organisation.

BAT

Our portfolio of non-combustible products is tailored to meet the needs of adult consumers. We are growing New Categories at a pace, encouraging more smokers to switch to scientifically substantiated reduced-risk alternatives.

We continue to expect 2021 to be a pivotal year for the business, with accelerating New Category revenue growth, a clear pathway to New Category profitability by 2025, and leverage reducing to c.3x by year-end.

ESG is deeply embedded in our organisation, and we have set ourselves stretching targets: £5bn New Category revenue by 2025; 50 million consumers of non-combustible products and carbon neutrality across our own operations by 20303, which I am confident in delivering.

In summary, we are accelerating our transformation with increased investment capitalising on our growing momentum in the New Categories, and a record quarter for consumer acquisition. This, together with our strong business performance, is reflected in our upgraded Group revenue growth guidance of above 5% for 2021.

The momentum across the business is strong, and I am excited about the future for BAT.’

FY 2021 expectations:

  • Upgraded constant currency revenue growth of above 5%, ahead of our 3-5% guidance
  • Mid-single digit adjusted diluted constant currency EPS growth
  • Strong operating cash flow conversion in excess of 90%
  • Leverage reducing to around c.3x Adjusted Net debt/ Adjusted EBITDA by year-end

British American Tobacco resumes sales in South Africa

Driven by:

  • Accelerating acquisition of non-combustible product consumers, up +1.4m to 14.9m in Q1, with our New Category products now sold in 74 markets across 53 countries
  • The continued acceleration of New Category volume and revenue growth, with market share gains across all three New Categories in all key markets
  • Further increased New Category investment, weighted to H1, capitalising on our good momentum
  • Strong combustibles pricing and robust volume
  • Negative geographic mix is driven by a continuing recovery in Emerging Markets
  • No expected recovery in Global Travel Retail until 2022
  • A robust US performance, driven by New Category growth and strong combustible pricing
  • Associate income reflecting the impact of the COVID environment in India on ITC, given our share of results, are reported one quarter in arrears
  • Operating cash conversion weighted to the second half due to the phasing of Excise and MSA payments relative to the prior year
  • Translation headwind of c.-8% on adjusted diluted EPS growth, and a transactional headwind of c.-2% on adjusted profit, for both H1 and FY 2021, applying current foreign exchange spot rates7
Trading update detail: Strong share growth in each New Category across key markets

Vuse approaching global leadership in vapour reaching 31.4% category value share in Top 5 vapour markets April YTD, up 5.9 ppts vs FY 2020

  • Vuse independently confirmed as the first global carbon-neutral vape brand8
  • Vuse/Vype growing value share in all Top 5 markets and continuing to close the gap on global leadership
  • Vuse/Vype brand migrations in Top 5 markets to be completed by the end of H1
  • Continued volume share leadership of devices in all Top 5 markets
  • Vuse now leads the category in 16 states in the US, with a total YTD Vuse family value share of 29.8%; Vuse Alto value share is up 6.9 ppts v FY20 to 27.2% YTD

glo achieving strong volume share growth in ENA driven by Hyper, with continued positive volume share momentum in Japan. glo’s THP category volume share of consumables in the Top 9 THP markets reached 16.2% April YTD, up 2.9 ppts vs. FY 2020

  • In Japan, glo nicotine (FMC+THP) volume share grew +80bps v FY20 to reach a YTD share of 6.2%. Whilst volume growth continued to be strong, revenue in H1 is expected to be impacted by increased consumer acquisition investment, and partial absorption of excise also due to the disproportionate impact of the excise harmonisation on our products
  • In ENA, which represents more than half of global THP industry volume, glo Hyper drove strong volume share growth, reaching a glo YTD nicotine (FMC+THP) volume share of 1.7% in Russia, Ukraine 2.7%, Romania 1.5% and 1.4% in Italy, in April
  • glo Hyper is now launched in 18 of 21 glo markets with further expansion planned in H2 2021

Consolidating International volume share leadership in Modern Oral, with strong Velo volume share growth in the US. Modern Oral Category share of Modern Oral in Top 5 markets reached 40.2% April YTD up 3.4 ppts vs. FY 2020

  • Velo volume share in the US up strongly by 6 ppts from December to reach an April share of 14.6% in a competitive market
  • On track for unconstrained US production capacity around mid-year
  • In Sweden and Norway modern oral category volume share of 57.6% and 63.3% drove total oral category volume share of 6.7% and 17.2%, up 1.8 ppts and 2.0 ppts YTD v FY20 respectively

Continued value and volume share gains in combustibles, with strong pricing partially offset by geographic mix

  • Group value and volume share both up 10bps YTD. Group FY cigarette volume expected to be ahead of the industry, with FY industry volume expected to be down c.3%
  • We continue to extract costs, rationalise, and simplify our combustible portfolio and Strategic Brands represent around two-thirds of our volume
  • Volume recovery and share growth in key Emerging Markets, including Bangladesh, Pakistan and Vietnam
  • Expected strong constant currency revenue growth in the US driven by strong price mix, and value share up 40bps YTD, with premium share up 40bps YTD, driven by Natural American Spirit and Newport, reflecting no accelerated downtrading in our portfolio
  • The US industry volume outlook remains unclear, due to continuing macro-economic and fiscal uncertainties

Building on our strong ESG foundations we are creating shared value for all our stakeholders, recent highlights include:

  • In 2020, we set ambitious environmental targets, including achieving carbon neutrality across our own operations by 2030, and for our tobacco supply chain to be free of child labour by 2025.
  • In 2021, we set additional stretching targets, which include achieving carbon neutrality across our value chain by 2050 and 100% renewable electricity in operations sites by 2030
  • We have a substantial body of scientific data for our reduced risk products across each category and look forward to publishing our glo 180-day study in July, following very encouraging results from our 90-day study.
  • Our work has continued to receive external recognition this year, including Refinitiv ranking BAT as the third-highest ESG-rated FTSE100 company, the Financial Times naming us as Climate and Diversity leaders, and being recognised as a Global Top Employer for the fourth year in a row by the Top Employers Institute.

Bullish Sentiment Persists In The Local Bourse, NSE ASI Gains 74bps

Brand Spur
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Bullish Sentiment Persists In The Local Bourse, NSE ASI Gains 74bps

At the end of today’s trading session, the equities market maintains its bullish form as the benchmark index improves by 0.74% to close at 39,170.95 points.

The market capitalization increased by  ₦147 billion to close at  ₦20.42 trillion.

All the five sectoral indices under coverage improved. The Industrial goods index, the biggest gainer, improved by 1.33%, followed by the Banking (1.25%), Insurance (0.37%), Consumer goods (0.28%) and Oil & Gas (0.03%) indices respectively.

Investor sentiment improved in today’s trading session, as market breadth increased to 4.17x from 0.88x. This was illustrated by the advance of 25 stocks, led by  CUTIX (10.00%) and OKOMUOIL (9.75%), and the decline of 6 stocks, led by SOVRENINS (-3.57%) and JAIZBANK (-3.39%).

Activity level was mixed as total volume declined by 16.93% while total value improved by 148.99% compared to their previous figures respectively, as investors exchanged about 181.53million units of shares worth over N3.96billion.

Fixed Income

Activity across the bond yield curve was relatively low as 3 of the 4 bond yields under coverage remained flat while 2-Year tenor (FGN-APR-2023) declined by 0.01%. FGN-APR-2024, FGN-JAN-2026 and FGN-JUL-2030 remained constant at 11.74%, 12.16% and 12.94% respectively.

Treasury bill yields for 90, 180, and 365-day papers closed at 4.44%, 6.19% and 9.48%.

We expect bullish momentum to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.

Market Snapshot

  • Bullish Sentiment Persists in the Local Bourse, NSE ASI Gains 74bps
  • Relatively Low Activity across the Bond Yield Curve as 3 of 4 Yields remained flat
  • Bearish Sentiment in Global Stocks  as 4 of the 6 Indices under Coverage declined.
  • Parallel Market Exchange Rate still Reports at N502.00/$
  • Two of the Three Tenors of Treasury Yields remained constant

World Rugby Welcomes Mastercard As Global Partner Of Women In Rugby

Brand Spur
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World Rugby Welcomes Mastercard As Global Partner Of Women In Rugby

…Unveils New Marketing Campaign

World Rugby (www.World.Rugby) has announced details of a transformative five-year partnership with Mastercard to accelerate the development of Women in Rugby, which will supercharge the international federation’s ambitious Accelerating the Development of Women in Rugby 2017-25 strategic plan (https://bit.ly/3x9MHRs).

The ground-breaking partnership will deliver a series of firsts, with Mastercard becoming:

  • The founding Global Partner of World Rugby’s Women in Rugby programme, exclusively focusing on growing youth participation and raising the global profile of the women’s global competitions and calendar.
  • The first Worldwide Partner for Rugby World Cup 2021 and Rugby World Cup 2025, as Preferred Card for both tournaments.
  • The first Global Partner of WXV, the annual global women’s competition due to start in 2023.

In addition to the partnership, World Rugby has launched its new Women in Rugby Team Powered marketing campaign. It aims to inspire more women and girls to play and watch the sport by showcasing our belief that women’s rugby is the ultimate team sport – on and off the pitch – and how, through the power of togetherness, a team is greater than the sum of its parts.

Click here to view TEAM POWERED campaign video>>>  – https://bit.ly/3v1c2vH

Mastercard will be the exclusive partner of the Youth Unstoppables element of the Team Powered campaign and work to inspire young women and girls to get involved in the sport through a unique digital content series championing inspirational females around the world.

The new campaign and Mastercard partnership build on strong foundations, with women’s rugby experiencing unprecedented growth in recent years – more than 2.7 million women and girls are currently playing globally, making up a quarter of the world’s playing population. Latest Nielsen Research for World Rugby has reported women’s rugby is on the rise with interest in established markets up to 45 per cent and in emerging markets to 27 per cent, a 15 per cent and 22 per cent increase since 2018, respectively.

Recognizing the unique values of rugby, Mastercard has been a long-time supporter of the sport, and women in rugby, with several rugby-focussed projects including:

  • Successful partnerships with Rugby World Cup (Men’s) since 2008, Rugby World Cup (Women’s) since 2017 and Golden Lions Rugby Union amateur women’s club league and senior women’s team since 2020.
  • Appointment of brand ambassadors Piwokuhle Nyanda, a professional South African and Golden Lions Women’s Rugby player, and Chanel Alberts, the head coach of the Golden Lions Senior Women’s Team, to champion and develop grassroots women’s rugby in South Africa.
  • Honouring the best Women’s & Men’s 15s Players in the World with sponsorship of Women’s & Men’s 15s Player of the Year Awards at the World Rugby Awards.

Mastercard will be using its Priceless platform to curate unique experiences with World Rugby and brand ambassadors exclusively available on Priceless.com/rugby and the development of Rugby-specific content in the future that reinforces the company’s dedication to gender equity, aligning with its signature STEM curriculum titled ‘Girls4Tech’.

World Rugby & Mastercard Leadership Quotes

World Rugby Chief Executive Alan Gilpin said: “Women’s rugby is going from strength to strength globally, and the new Team Powered campaign and Mastercard partnership will supercharge the sport’s growth, inspiring a new generation of players, fans, and parents.

“Team Powered showcases the unique values, diversity, and inclusivity of women’s rugby and will encourage more women and girls to get involved in the sport, on and off the pitch. Our new commercial partnership reflects our ambitious plans to advance women in rugby at all levels and, as a long-standing supporter of rugby, Mastercard is a perfect fit. Our vision for the sport is very much aligned with a focus on accelerating accessibility, visibility, commerciality, and competition within women’s rugby – the single-biggest opportunity to grow the sport as a whole globally.

“We have developed an ambitious commercial strategy to underpin the sustainable growth of women’s rugby, encompassing both the elite and community levels of the sport, enabling partners to champion and support all aspects of the women’s game and make an impact in this priority area.”

Raja Rajamannar, Mastercard Chief Marketing, and Communications Officer said: “Fostering connections and giving people the opportunity to grow their passions is what Mastercard stands for. We are honoured to support a sport as inclusive as women’s rugby that has seen unprecedented growth in recent years. Together with World Rugby, we look forward to creating programs and experiences that get people closer to the game they love.”

Katie Sadleir, World Rugby Women’s Rugby General manager today said: “We are thrilled to welcome Mastercard on board as our founding partner of Women in Rugby. A core pillar of our ambitious women’s strategic plan is to develop a strong and engaged portfolio of strategic commercial partners committed to long-term investment and support for the women’s game.

“I am also very excited by our new Team Powered marketing campaign, which encompasses all the incredible features of women’s rugby and will help us to build on the huge growing number of females involved in our sport in recent years.”

CBN appoints Titan Trust Bank to collect export supervision levy

Esan Bolaji
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CBN appoints Titan Trust Bank to collect export supervision levy

The Central Bank of Nigeria (CBN) has announced the appointment of Titan Trust Bank as one of the designated banks for the collection of the Nigeria export supervision scheme (NESS) levy.

This is contained in a circular signed by O.S. Nnaji, director of the trade and exchange department at CBN, on Wednesday.

NESS levy is a statutory payment to the federal government, which is charged at 0.50 percent of the export value. The apex bank collects the fees through designated banks on behalf of FG.

Titan Trust Bank Emerges ‘Best Trade Finance Provider’ in Nigeria

It was designed to ensure that the price, quality, and quantity of goods exported from Nigeria are to the buyer’s specifications, prevent capital flight and ensure competitive advantage in relation to other exporting countries.

The apex bank said the approval was granted by Zainab Ahmed, minister of finance, budget and national planning.

“This is to notify all authorised dealers, service providers and the general public that the honourable minister of finance, budget and national planning has approved the appointment of Titan Trust Bank as one of the designated banks for the collection of NESS levy,” the statement reads.

“Authorised dealers are therefore enjoined to bring the information to the attention of their exporting customers.”

Other designated banks assigned to collect NESS fees are Access, Citi, Ecobank, First City Monument Bank (FCMB), Fidelity, First Bank, GTBank, Keystone, Stanbic IBTC, Sterling, UBA, Union, Unity, Wema, and Zenith.

The CBN granted Titan Trust Bank its national banking licence in April 2019 to operate as a commercial bank.

YouTube Music unveils 2022 applications for #YouTubeBlack Voices Fund

Oreoluwa Aderinkomi
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YouTube Music unveils 2022 applications for #YouTubeBlack Voices Fund

YouTube Music is opening applications to the #YouTubeBlack Voices Fund Class of 2022, with the aim to enable Black artists to commercialise their work.

Grant applications for the #YouTubeBlack Voices Fund Class of 2022 will open on 21 June 2021. The eligibility of applicants has been expanded to include songwriters and producers. In addition to the USA, Brazil and Australia, this will allow Black artists residing in Kenya, South Africa, Nigeria, Canada and the UK to apply.

YouTube Music is also launching a new partnership with music education institution 1500 Sound Academy, founded by Grammy-award winning songwriters and producers, James Fauntleroy and Larrance “Rance” Dopson. Through the inaugural #YouTubeBlack Music Future Insiders Scholarship, YouTube will fund ten full scholarships to the Academy’s Live Online 1500 Music & Industry Fundamentals programme.

YouTube Music

Alex Okosi, Youtube’s EMEA managing director for emerging markets, said,

“The YouTube Music team is excited to expand the #YouTubeBlack Voices Fund and create new opportunities while also reflecting on the progress made to date. The six-month scholarship term will see recipients undertake courses in music production, engineering, songwriting, mixing, music business and much more.”

The Class of 2021

Through the inaugural Class of 2021, the #YouTubeBlack Voices Fund provided resources that included dedicated one-on-one support, seed funding, training and networking programs which enabled the 21 grantees to achieve incredible growth – in YouTube and in their careers.

Some of these achievements include:

  • From January 2021 through April 2021, the class collectively received 1.4bn views on their official artist channels.
  • Six artists saw over 50% growth in official artist channel subscribers (Joy Oladokun, Miiesha, BRS Kash, Jensen McRae, serpentwithfeet, and Yung Baby Tate).
  • Four artists saw 200% growth on their official artist channel views (serpentwithfeet, Jensen McRae, Yung Baby Tate, and Joy Oladokun).
  • As part of YouTube Music’s Africa Month celebration, Sho Madjozi, Sauti Sol, and Fireboy DML hosted exclusive live stream virtual concerts on each of their Official Artist Channels.
  • Rexx Life Raj, Joy Oladokun, and Tkay Maidza performed at YouTube’s annual Brandcast event.
  • Mariah The Scientist performed an exclusive live set for YouTube Music Nights from Center Stage in Atlanta, in support of the National Independent Venue Association (NIVA).

Future Insiders aims to equip at-risk and underserved youth, who aspire to enter the music and creative industries, with skills in content development. Following the programme’s early success, Future Insiders will be expanded globally with more details to be shared later this year.

Moreover, to celebrate Black culture, YouTube Music has activated #YouTubeMusic Moments – a collection of content series, live streams and events whose primary goal is to celebrate Black culture, identity and experiences from the perspective of Black artists and thought leaders in music.

YouTube remains committed to being an advocate and ally to the diverse communities that call the platform home and will continue to expand its efforts to support other marginalised and underrepresented communities.

ExxonMobil Announces New Discovery at Longtail-3 Offshore Guyana

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ExxonMobil Announces New Discovery at Longtail-3 Offshore Guyana

ExxonMobil says it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 discovery intervals.

The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1860 meters) of water by the Stena DrillMAX.

  • Two drillships added in first quarter 2021; six drillships now operating offshore Guyana
  • Additional drilling activity to support Stabroek development
  • More than 2,600 Guyanese supporting overall activities

“Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We will continue to leverage our core competitive advantages in our ongoing exploration campaign, delivering substantial value to the Guyanese people, our partners, and shareholders.”

The Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoirs.

ExxonMobil has deployed two additional drillships in the first quarter of 2021; the Stena DrillMAX and the Noble Sam Croft to enable further exploration and evaluation while continuing development drilling activities offshore Guyana. As the company advances its 15-well campaign in the Stabroek block, DrillMAX will move to Whiptail-1, while the Noble Sam Croft supports development drilling for Liza Phase 2.

In other drilling activity in the Stabroek Block, the Mako-2 evaluation well confirmed the quality, thickness, and areal extent of the reservoir. When integrated with the previously announced discovery at Uaru-2, the data support a potential fifth floating production storage and offloading vessel in the area east of the Liza complex. The Koebi-1 exploration well in the Stabroek block has shown evidence of non-commercial hydrocarbons.

By the first quarter of this year, more than 2,600 Guyanese and 600 local suppliers were supporting ExxonMobil’s activities in-country. Guyanese staff has completed more than 40,000 hours of training in Guyana, Trinidad and Tobago, and the United States.

The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.

Jumia Marks 9th Anniversary with 60% discount, Partners Unilever, Xiaomi

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Jumia Marks 9th Anniversary with 60% discount, Partners Unilever, Xiaomi

Nigeria’s e-commerce platform, Jumia, is celebrating nine years of its e-commerce journey with a sales campaign aimed at celebrating customers, sellers, and partners on its platform.

The campaign will run from June 11th until 27th, 2021.

Jumia’s 9th anniversary which also doubles as the anniversary of e-commerce in Nigeria, since the e-commerce giant paved the way for online shopping, is offering a 60% discount in a sales campaign tagged “Celebrating You”, aimed at celebrating new and loyal consumers.

Jumia

The discount will apply to categories such as Electronics, Beauty, Fashion, Phones & Tablets, Groceries, Appliances and many more.

Partners for this campaign include over 11,000 sellers on the Jumia Nigeria platform and international brands such as Unilever, Xiaomi, Nivea, Reckitt Benkisser and Infinix.

Jumia Nigeria CEO, Massimiliano Spalazzi said:

“It has simply been an amazing journey. If I went back to how we started and where we are, being the number one e-commerce company in Africa and in Nigeria, it makes us very humble. We believe that e-commerce has played an even more important role in people’s lives and to celebrate the achievement and to better serve our consumers and sellers, that is why the slogan for our 9th anniversary is ‘Celebrating You’.”

For the anniversary window, customers will enjoy up to 60% off on a diverse list of brands across categories including Groceries (Unilever, Nestle, Coca-Cola, Carrefour), Sanitary & Hygiene (Reckitt Benckiser, P&G, Henkel, GSK), Beauty (l’Oreal, Maybelline, Garnier, Nivea), Phones (Samsung, Xiaomi, Nokia, Huawei), Electronics (Intel, HP, Philips, Sony), lifestyle (Playstation 4) and many more.

“The anniversary will be celebrating you as our consumer, employee, seller, logistics partner, celebrating you as our client and those in the ecosystem and our environment for which we make life better every day,” Spalazzi added.

MoneyGram Delivers All-Time Record High For MoneyGram Online Transactions

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MoneyGram Delivers All-Time Record High For MoneyGram Online Transactions

MoneyGram International has announced an all-time high in money transfer transactions for May in its direct-to-consumer channel, MoneyGram Online (MGO).

MGO also delivered all-time highs in cross-border transactions and revenue, growing 53% and 60% growth, respectively.

“We continue to deliver remarkable digital growth, which is especially noteworthy when compared to last year’s record-setting numbers,” said Alex Holmes, MoneyGram Chairman and CEO. “Our sustained digital growth demonstrates that consumers are valuing our leading user experience and expansive digital footprint.

“As consumer behavior and tech-driven innovation continue to rapidly evolve, I’m excited our products are resonating with this digital-first generation. As a result, our consumer-direct channel has hit yet another growth milestone and continues to capture market share.”

MoneyGram’s growth has been driven by strong demand for its leading mobile app and strong customer retention rates, which have combined to deliver market-leading month-over-month growth rates in Monthly Active Users.

Additionally, the results of the recently announced MoneyGram Data Index further highlight the strength of the MoneyGram experience as customers cited ‘speed,’ ‘convenience’ and ‘ease’ as the main reasons for switching to MoneyGram in the past year.

Holmes concluded: “As we focus on our strategy to scale our digital business, we’re investing for growth by putting the customer at the center of everything we do. Our strategy is delivering strong financial results and is creating tremendous value for both customers and shareholders, and I’m excited about our ability to maintain this strong momentum.”

 

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