Drop-shipping business in Nigeria ? (Facts)

Are you planning to start a drop-shipping business in Nigeria? Great idea! Here are some facts and stats about this market!

Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.

1) Nigeria has the highest mobile eCommerce market in Africa.

2) In 2023, the number of Facebook users in Nigeria is expected to reach 30.4 million, up from 22.4 million in 2018.

3) 50% of the population is under the age of 30.

Want to start your Ecommerce business of Drop shipping business ? talk to our Experts today 08034737744.. remember YOUR CUSTOMERS ARE ONLINE

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Nigerian banks to face stiff competition from fintech firms

..as CBN moves to boost USSD, agent banking and PSBs

  • Nigerian banks will face stiff competition from fintech firms, according to Moody’s Investors Service.
  • This is coming as CBN make plans to implement measures to boost the utilisation of USSD, mobile banking, agency banking, and payment service banks.
  • Nigerian larger banks, Access Bank Plc, Zenith Bank Plc, First Bank of Nigeria, United Bank for Africa Plc and Guaranty Trust Bank Plc will defend their market shares due to their customer bases and technology budgets.

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