Business
PalmPay and Jumia enter Strategic Partnership, Launch Integration for Shoppers in Nigeria
PalmPay, a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.
WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.
“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay.
“This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”
Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.
This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.
To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.
Business
NB Plc appoints Juliet Anammah as substantive Board Chair
The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the appointment of Juliet Anammah as the substantive chairman.
Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year.
According to a statement signed by the Company Secretary/Legal Director, Uaboi Agbebaku, her appointment was announced after the Board of Directors meeting held on Thursday, December 12, 2024.
Prior to her appointment as the Chair of the Board, she was the Chair of the Governance and Ethics Committee of the company. She joined the Board effective January 1, 2022. She brings three decades of professional experience in Consulting, Consumer Goods, Sales, Marketing, e-commerce, and Sustainability to the board.
Until this appointment, she was the immediate past Chair and Chief Group Sustainability Officer of Jumia Nigeria, having previously held the role of Chief Executive Officer with Jumia. She had also served as the Managing Director, Accenture LLC in charge of the firm’s Consumer Goods Practice, Retail, and Transportation practice in West Africa. She has also served on various boards of local and international organisations, including Flour Mills of Nigeria Plc.
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Following this appointmentwhich takes effect January 1, 2025, the board will now be composed of Mrs. J. Anammah – Chair; H. Essaadi (Dutch) – Managing Director/Chief Executive; Mrs. A.O. Aroyewun; S. Hiemstra (Dutch); MFR; Mrs. S. Ojekwe-Onyejeli; Mrs. I.M. Omoigui Okauru, J.A.A. Overmars (Dutch); R. Pirmez (Belgian); I.A. Puri; B.A. Wessels Boer (Dutch).
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Business
Connect Nigeria Unwraps Exclusive Business Deals This Christmas – The Gift That Keeps On Giving!
In the spirit of the Christmas season and a commitment to empowering Nigerian business owners, Connect Nigeria, a trusted business information portal, has launched an exciting “Buy One, Get One Free” business deal that keeps giving.
According to a statement from the CEO of Connect Nigeria, this initiative not only allows business owners to purchase subscriptions for themselves but also as gifts for clients, associates, or friends.
This gesture provides recipients with valuable opportunities to network with other entrepreneurs and enhance their chances of business success and prosperity.
His statement emphasizes that Nigerians can take advantage of this offer by visiting the website at connectnigeria.com. Upon subscription of membership, they will receive a second membership free of charge, which can be transferred to another business owner.
This unique Christmas gift has a special touch, as it ensures that there would be no distinction between paid and complimentary memberships.
The promotion runs through December 31, 2024, offering businesses a Christmas season opportunity to connect and grow within Nigeria’s vibrant business ecosystem.
Business
Port Harcourt Refinery’s restart crucial to Nigeria’s energy sufficiency – NNPC
The Nigerian National Petroleum Company Limited, NNPCL, said the restart of the 60,000 barrels per day Port Harcourt refinery marked a turning point in Nigeria’s quest to attain energy security.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, stated this on Monday in Abuja at the company’s energy relations stakeholders engagement.
Soneye pointed out that under the leadership of the Group CEO, Mele Kyari, the company has achieved groundbreaking milestones, redefining the trajectory of Nigeria’s oil and gas sector.
“The restart of the Port Harcourt Refinery marks a significant turning point in Nigeria’s quest for energy self-sufficiency, reaffirming the company’s commitment to revitalizing the nation’s refining capacity.
“NNPC has also championed the adoption of Compressed Natural Gas, CNG, as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution amidst rising global energy costs,” he said.
According to him, the strategic decision to secure a $1 billion loan backed by NNPCL’s crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria’s first private refinery.
He further stated that the initiative underscores NNPCL’s dedication to fostering public-private partnerships that drive national development.
“In a historic achievement, NNPCL, under Kyari’s leadership, declared profit for the first time in decades, marking a significant financial turnaround. The company has already exceeded its profit projections for 2024, a testament to the transformative reforms he has implemented.
“Additionally, Kyari facilitated the $3 billion Gazelle loan, a critical intervention that helped stabilize the federation during a challenging foreign exchange crisis,” he added.
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