The Nigerian Business Weekly

The Nigerian Business Weekly

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The Nigerian Business Weekly
The Nigerian Business Weekly
Devaluation of The Naira Reduces Jumia's Sales Value by $182 Million

Devaluation of The Naira Reduces Jumia's Sales Value by $182 Million

Sunday 18th February 2024

David Bristol-Alagbariya's avatar
David Bristol-Alagbariya
Feb 18, 2024
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The Nigerian Business Weekly
The Nigerian Business Weekly
Devaluation of The Naira Reduces Jumia's Sales Value by $182 Million
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I hope you are having an amazing Sunday! Welcome back to the ONLY newsletter that gives the readers a weekly recap on the major events going on in the Nigerian Business World.

The depreciation of local currencies in eight countries, mainly Nigeria, resulted in a $182.7 million annual decline in Jumia's total sales value in 2023.

The e-commerce company sta…

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