Despite generating revenue in excess of $220,000 in 2015 alone, fashion-focused eCommerce store, Traclist shut down in 2017. In a recent chat, the founders reveal lessons learnt from their failure and…
7 prominent entrepreneurs who have moved on from the Nigerian eCommerce industry
A list of prominent entrepreneurs that have left the Nigerian eCommerce space and what they are doing at the moment.…
Why hyperlocal delivery might be the best model for eCommerce in Nigeria now
Recent activities in the eCommerce sector in Nigeria beg the question of the right model for the country. Thriving players give us a look into what might be working for them…
Nigerian online grocery startup, Gloo is shutting down eCommerce operations in what may be a pivot
One of Nigeria’s pioneering online grocery startups, Gloo this week announced they will be shutting down eCommerce operations in February. …
Confirmed: DealDey has shut down operations
In the past month, users have noticed an complained about the inactivity on the DealDey website. We have reliable confirmation that the eCommerce platform has shut down operations in Nigeria.…
This Ibadan-based startup averages about $30k monthly revenue from the difficult Nigerian eCommerce space
Headlining the eCommerce narrative in Nigeria are stories of leading companies marred by struggles of online payment infrastructure, poor road networks that complicate logistics and a slow pace of cus…
Until consumer protection is taken seriously by eCommerce sites, more Nigerians will still favour PoD
From the standpoint of a consumer, many eCommerce sites in Nigeria do not take consumer protection seriously. And until they begin to do so, customers will still prefer to pay on delivery.…
Commissions.ng is simplifying the process of becoming an eCommerce entrepreneur
Commissions.ng, a new startup based in Nigeria has a singular objective. Enable anyone and everyone to make money from selling goods and services online, without having to incur a significant upfront …
The blind spot in Nigeria’s eCommerce industry everyone seems to miss
Many critics have pegged the sluggish rate of adoption of eCommerce in Nigeria to the unreadiness/non-existence of the market. But they might be wrong.…
Startup Profile: HITHOOD — shop online anywhere in Nigeria and Ghana
Founded by Ijezie Emmanuel, Hithood is a marketplace classified website where users advertise their goods, services and skills.…
Pickup centres can solve the delivery logistics problems for eCommerce in Nigeria
A deliveryman for ecommerce platform Jumia Mr Chukwuma Eleje was murdered in Port Harcourt. Apart from the 3 suspects, another obvious culprit fingered was Cash on Delivery or Pay on Delivery as we ca…
How escrow service providers can help promote eCommerce in Nigeria
The lack of trust for online sellers is the reason why Nigerians prefer payment on delivery Escrow service providers can help gain buyers’ trust.…
Konga is finally profitable?
Kinnevik’s latest report says that Konga reached break-even point before overhead costs for the first time in September 2016…
How Chat Commerce will redefine Nigeria’s most populous market
Africa is home to a lot of informal markets. In Lagos, Nigeria, Balogun market is perhaps chief among them. Not for the iconic name it evokes, not for its location, but because it is without a doubt W…
Why are high profile employees leaving Konga?
The layoff trend in Konga is something many are yet to wrap their head around. But this shouldn’t be much of a surprise, considering the company recently reiterated a roadmap to review workforce…
How to save a dying business: Lessons from a failed entrepreneur
After my last article on why funding can kill your business fast, I received a lot of calls and mails asking different questions on how to run a startup with little capital. I had a mentoring session …
How to use Konga and Jumia to jump-start your own eCommerce store
The recent layoffs within the industry, the Jumia consolidation, and the not so heart-warming 2016 quarterly reports of the Africa Internet Group (parent company of Jumia) and Kinnevik have made a fe…
Of funding sprees, low ROIs and massive layoffs: The future of eCommerce in Nigeria
I’m not going to bother myself with big grammar; eCommerce is simply talking about business done over the internet. And I am shocked to report that as at 2013, over 60 million Nigerians were on the in…
Why Online Marketplaces are not helping eCommerce grow in Nigeria
Nigerians are certainly warming to the idea of shopping online — especially through mobile — and this is widely expected given how suited the concept is for addressing the needs of an underserved po…
Cokodeal is an online marketplace that connects local traders in Africa to the world
Asides being the second largest continent in the world, Africa contains about 30% of the world’s known minerals according to African Natural Resource Center (ANRC). However, despite having abund…