Business
‘e-Commerce’II Remain Core Driver Of Nigerian Economy’
The Chief Executive Officer of Troyka Group, Mr Biodun Shobanjo, in Lagos said that e- commerce would remain the core driver of the Nigerian economy.
Shobanjo made this assertion while delivering a key note address at the inaugural Konga Seller Summit 2015 entitled: “The New Market Place: Tapping into the Ecosystem’’.
The Tide gathered that Konga.com is an online marketing platform that offers sellers and buyers the opportunity to interact and do businesses online.
Shobanjo spoke on the topic “ Internet and e-commerce Revolution in Nigeria: Where we have been, Where we are Heading and how to Get There’’.
He said that the market place ecosystem should engender sales and marketing that would produce personal and community growth.
According to him, e-commerce mirrors the village center and Konga should be seen as a village market on the Web where there is equal access and multiple accesses for buyers.
Shobanjo said that in e-commerce, mutual trust and relationship mattered.
He said that in 2014, the total global retail trade was about 32.49 trillion dollars and e-commerce contributed about 1.3 trillion dollars.
He said that the retail market was still very attractive and that e-commerce needed to do more with the advantage of technology.
The marketing communication expert said that the Internet had revolutionised the way marketing was being done today and that the mass media was impacting on business ecosystems.
“ Almost six out of 10 Nigerians have access to the Internet and Nigeria has about 57 per cent internet penetration
“37 years ago all of the money spent on the Nigerian media was a paltry N20 million, while at the end of 2013, the money spent was 135 billion dollars.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Zidane’s Son Switches Allegiance To Algeria