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Car Winner, Others Laud Glo Festival Of Joy Promo

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Car Winner, Others Laud Glofestival Of Joy Promo

Olushola Okunlade Writes

Digital solutions provider, Globacom, yesterday continued its giving spree as the first car winner in the current loyalty reward promo, Festival of Joy, received the key to a brand new Kia car.

Other winners also received prizes ranging from power-generating sets to sewing machines and rechargeable fans among others at an impressive presentation ceremony held at the new ultra-modern Gloworld at Ring Road, Ibadan.

The event was attended by the Deputy Governor of Oyo State, Chief Adebayo Lawal; Commissioner for Trade and Investments, Chief Bayo Lawal; the Chairman, Ibadan South West Local Government, Honourable Kehinde Akande, and other members of the state executive council.

Car Winner, Others Laud Glofestival Of Joy Promo

Mrs. Adeife Abiodun-Adeyemi, a 34-year-old Events Planner who won the car, said it came as a pleasant surprise. “I have always used Glo, it is my business hotline, so I usually recharged heavily on the number even before the promo. When I learned that Glo was rewarding its subscribers, I intensified mine recharges. I am happy that my loyalty to Globacom over the years has paid off”, she enthused.

Mr. Temitope Salako, a 38-year-old business centre operator, who won a sewing machine said it was an answer to his prayer as he intends to give the machine to his younger sister who is a fashion designer.

Oyindamola Alabi, a student of Agriculture at the Ladoke Akintola University of Technology, Ogbomoso, thought it was a lie until she received her prize, while 24-year-old Dolapo Aremu, a mother of one who won a rechargeable fan, thanked Globacom for the rare privilege of winning the prize.

Car Winner, Others Laud Glofestival Of Joy Promo

The Deputy Governor gave kudos to Globacom for empowering its subscribers through its loyalty reward promos, saying that the company had remained committed to bettering its lot not just through its products and services but also through its social responsibility schemes.

The Regional Sales Manager in the state, Mr. Ikechukwu Onuekwusi, disclosed that the prize-giving train will move to Abuja on Friday to present prizes to lucky subscribers who emerged winners in that region, and will from there take the Festival of Joy to other cities around the country.

He enjoined voice and data subscribers who wish to participate in the promo to dial the dedicated short code *611# and keep recharging (voice and data during the promo period) in order to be eligible to win the prizes on offer. ” The more the recharge, the higher the chances of winning, he added.

“Subscribers who desire to become landlords and landladies of 3-bedroom houses courtesy of GloFestival of Joy must make data subscription(s) of at least N20,000 during the promo period, while those who are interested in winning cars should make a monthly recharge of N10,000; N5,000 monthly recharge for power generators, N2,500 monthly recharge for sewing machines and N500 weekly to win rechargeable fans”, Onuekwusi further explained.

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Abuja Hosts Glo Festival Of Joy Promo Draw

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Abuja Hosts Glo Festival Of Joy Promo Draw

Olushola Okunlade Writes

Abuja, the federal capital city, on Thursday hosted another draw to produce a new house winner in the ongoing Glo Promo, Festival of Joy.

Globacom said the keys to the house would be presented to the lucky winner in Abuja on Friday, December 2.

The draw which was held at Gloworld, Aminu Kano crescent, Wuse 11, was attended by Glo subscribers, the media, and the representative of the National Lottery Regulatory Commission (NLRC), Mrs. Mariam Imam.

Two subscribers,  Ibrahim Akindele, a student of Ekiti State University, and Ola Owonifari Joseph, a Port-Harcourt-based Engineer had earlier been presented with their house prizes in the ongoing promo which is offering 20 houses, 24 brand new cars, 100 generators, 200 sewing
machines and 1,000 rechargeable fans to Glo subscribers nationwide.

Globacom said, “subscribers wishing to participate in the promo to dial *611# and keep recharging for voice and data (as desirable) during the promo period in order to be eligible to win the prizes on offer”.

“To become a Festival of Joy landlord, all you have to do is make data subscription(s) of at least N20, 000 during the promo period. Those who are interested in winning cars should make a monthly recharge of N10,000; N5,000 monthly recharge for power generators, N2,500 monthly
recharge for sewing machines and N500 weekly to win rechargeable fans”, Globacom explained.

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Jumia’s Positioning For Growth

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Jumia

New strategy shows Jumia is well positioned for growth in Nigeria

strong optimism exists with new focus on cost discipline and return to e-commerce fundamentals

Olushola Okunlade Writes

Before e-commerce came to Africa, Nigeria was one of the nations described as a ‘cash-based’ economy. Until recently, most business transactions for goods and services were carried out by face–to–face negotiations in open markets with payments through cash or cheques.

The culture adopted by most Nigerians was to inspect goods, negotiate physically, and, if satisfied, pay. The effect of this commerce culture was that most individuals were forced to travel within and outside the country to purchase goods and services carrying physical cash.

Over the years, e-commerce adoption has grown year-on-year, with more Nigerians willing to trust online shopping. Also, in the post-pandemic era, people now rely more on shopping for items online that can easily be easily delivered. This demand has made it even more important for e-commerce companies like Jumia to step in and fill the gap by providing innovative trading opportunities for thousands of sellers to connect with millions of consumers in Africa.

Jumia continues to navigate Africa’s business environment, where a  myriad of regulatory, logistic, socio-cultural, and technological challenges exist. Every country where Jumia operates has a unique environment. Notwithstanding, the company has built an innovative multi-purpose platform that empowers small businesses and consumers in the continent.

What Does the Future Hold?

The dust is now settled on the leadership changes in Jumia, which has seen several market watchers predicting a new lease of life in the company. Following the recent announcement from the company, it is important to analyse its third-quarter 2022 financial report and the new strategy from the management team to see what the future holds.

The third quarter of the year saw Jumia record substantial revenue and gross profit growth, according to the company’s financial earnings report. The most recent statistics show that $50.5 million was generated in revenue in Q3 2022, an increase of 6% from the $47.6 million reported in Q2. This also represents an 18.4% increase from the $42.7 million reported in the same period last year.

Interestingly, Jumia’s acting CEO, Francis Dufay, laid out the new business strategy for the company during the Q3 2022 earnings call, stating that the recent focus on cost discipline and return on investment speaks to an ever-increasing need to make the company profitable in the near future. Results for Q3 showed more encouraging signs that the company is on the right path.

He further stated that the company intends to bring more focus to the core business, allocating capital, resources, and teams to main areas and projects with attractive returns on investments and clear ecosystem benefits. Jumia will deemphasise or cease projects and ventures that do not meet such criteria. In line with the above, the company will scale back First Party grocery offerings in geographies where this category remains sub-scale. In addition, Jumia Prime will be paused indefinitely from the 1st of January 2023 as the company looks to focus more resources in other areas of the business.

It is important to note that the company plans to keep logistics open to third parties only in the countries where they have strong assets (Nigeria, Ivory Coast, Morocco). The e-commerce opportunity in Nigeria remains vast with a very young population and growing middle class. Hence, this new focus will further strengthen the company’s hold in its biggest market.

Going forward, the company is looking to continue strengthening its foothold in all the countries where it is currently operational. However, this is likely to come with changes to its operating model. In a statement released by Francis Dufay, Acting CEO of Jumia, “We have a clear focus for the next chapter of our journey and are taking decisive action to support our path to profitability. We will bring more focus to the business, directing our efforts and resources to projects and activities that deliver tangible value to our consumers, sellers and broader ecosystem participants. We are also enforcing tighter cost discipline and driving efficiencies across the full structure while enhancing the fundamentals of our core e-commerce business to drive user growth.”

The company is showing greater willingness to constantly invest in Nigeria and has stated it would be making some adjustments in its organisational setup in the coming weeks. Allocating more people and resources to its marketplace, tech, and in-house logistics platform are some of the strategies expected to enhance future success.

Clearly, there is strong optimism that this new strategy will continue to deliver value to Jumia’s consumers in Nigeria. The company is on the right path to profitability through growth and optimization.

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Yvonne Jegede Had Mercy Johnson Okojie All Emotional In Episode 2 Of “Mercy’s Menu” Season 3

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Yvonne Jegede Had Mercy Johnson Okojie All Emotional In Episode 2 Of "Mercy's Menu" Season 3

By Moninuola Sulaiman

In this episode of Mercy’s Menu season 3 Mercy Johnson Okojie is joined by her colleague, Nollywood star and Film producer, Yvonne Jegede.

The movie stars shared exciting conversations and emotional moments as they prepared Peri Peri Chicken and Coconut Milk Pasta.

They discussed her Marriage, Divorce, Son, Challenges, and Charity work.

This episode was filled with so many emotions.

Click on the YouTube link for Mercy’s Menu Season 3 (Episode 2)

Watch video below

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