News

Konga slips 82 percent on naira slide, as Zinox swoops

by Lolade Akinmurele & Jumoke Akiyode-Lawanson

February 7, 2018 | 4:12 am
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The 82 percent slump in the valuation of Lagos-based e-commerce company, Konga, to $35 million from as high as $200 million, particularly stands out after an outright acquisition by Zinox, an integrated Information Communication Technology (ICT) solutions conglomerate. The 81 percent naira devaluation against the US dollar offers perhaps the best possible explanation for Konga’s…

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by Lolade Akinmurele & Jumoke Akiyode-Lawanson

February 7, 2018 | 4:12 am
  |     |     |   Start Conversation

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Analysis
Why hotel room rates may not reach the $300 mark soon

Why hotel room rates may not reach the $300 mark soon

With a seeming scramble for market share by international brands, the Nigerian hotel market is truly burgeoning. The market features...


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