Showing posts with label e-Commerce; Poor Sales; Pioneer Status Initiative; Nigeria Investment Promotion Council. Show all posts
Showing posts with label e-Commerce; Poor Sales; Pioneer Status Initiative; Nigeria Investment Promotion Council. Show all posts

Wednesday, September 27, 2017

Despite Tax Holidays, e-Commerce Firms Make Losses

Pioneering e-commerce firms excluded from Nigeria's Pioneer Status Initiative (PSI)
Sub-sector cuts 800 jobs in two years Traffic to website down by 40%
Although the Federal Government granted pioneer status to operators in the country’s electronic commerce (e-commerce), investigations have shown that a majority of the players have been running at a loss for the past three years.