SHORT TAKES

Glo Tariffs

Globacom, telecoms giant, has announced a 55% cut on tariffs to international destinations. The company said the move was initiated to ensure that its customers stay connected to their loved ones overseas at extremely competitive rates.

The reduced tariffs do not attract subscription fees and are applicable to major destinations such as the United Kingdom, France, Italy, Ireland, South Africa, Spain and Saudi Arabia.

TradeDepot

TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi) and MSA Capital. This is in addition to the $3 million Series A led by Partech in

2018.

TradeDepot will use the new investment to continue its integration of the fragmented informal retail supply chain in Nigeria, expand into other African cities and launch a suite of financial products and credit facilities, to support its retailers

NSE StockTown

The Nigerian Stock Exchange (NSE) has reiterated its commitment to promoting financial literacy with its comic series, ‘StockTown’, issued to simplify ways of investing in the Capital Market.

Mr Olumide Orojimi, head, Corporate Communications, NSE, said that the proliferation of dubious investment schemes that often result in loss of money by unsuspecting members of the public made financial literacy imperative.