Close Menu
Chronicle NG
    Trending Stories
    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    May 31, 2026
    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    May 31, 2026
    Club Brugge netted a thrilling late equalizer while battling back twice against Atletico Madrid, leaving their Champions League knockout phase play-off tie finely balanced.

    Atletico Madrid open to sell Ademola Lookman

    May 31, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Police arrest three Man O’ War members for killing FUTO student
    • Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife
    • Atletico Madrid open to sell Ademola Lookman
    • Atiku berates Tinubu, Wike over blocking of PDP event in Abuja
    • Obi accepts NDC presidential ticket, promises to end insecurity
    • Odiong: US-based Nigerian Catholic priest convicted over sexual assault
    • BREAKING: Holders PSG beat Arsenal on penalties to win Champions League
    • Jonathan named Turaki–led PDP presidential candidate in absentia
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, May 31
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Jumia Food exits Nigeria over low profit margin

    Opalim LiftedBy Opalim LiftedDecember 14, 2023No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Jumia Food has had mixed results since its beginning
    Jumia Food
    Facebook Twitter WhatsApp

    The e-commerce giant Jumia said it will cease operations for its food delivery service, Jumia Food, in Nigeria and other six African countries by the end of December 2023.

    The other six Jumia operational countries to face this are Kenya, Morocco, Côte d’Ivoire, Tunisia, Uganda, and Algeria.

    “The more we focus on our physical goods business, the more we realise that there is huge potential for Jumia to grow, with a path to profitability. We must take the right decision and fully focus our management, our teams, and our capital resources to go after this opportunity. In the current context, it means leaving a business line that we believe does not offer the same upside potential—food delivery,” said Francis Dufay, Chief Executive Officer of Jumia.

    Even though Jumia Food accounted for 11% of Jumia’s gross merchandise value in the first nine months of 2023, the company has had difficulty turning a profit since its founding.

    This indicates that between January and September of 2023, the total value of food sold on Jumia Food was $64 million, or 11% of $581 million. a measure of the enormous size at which Jumia Food was functioning, but it is not a measure of profits.

    Jumia Food has had mixed results since its beginning, but in 2021 it showed a noteworthy 82% year-over-year growth, indicating the company’s solid position in the meal delivery market.

    Though, the business witnessed a significant drop in quarterly active customers and orders in 2023. a result of its change to concentrate on profitable areas and lower customer incentives to increase profitability.

    Jumia disclosed that several food staff will be moved to the main physical goods division, implying that some may face layoffs.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities.  The suspect is reportedly accused of many other cases of sexual assault.  The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service.  Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said.  The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force.  The Waco Police Department said that he will be extradited to Texas.  Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her.  Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes.  On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said.  “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.

    Odiong: US-based Nigerian Catholic priest convicted over sexual assault

    AbdulRahman AbdulRazaq speaks on the proposed ₦100,000 national minimum wage during ongoing consultations between governors, the Federal Government and labour unions.

    Governors propose N100,000 minimum wage amid rising economic hardship

    Tinubu cites Nigeria's economic recovery, security gains in third anniversary speech

    Tinubu lauds economic growth, applauds early payment of salaries

    South Africa: Nigerians count loses as xenophobic attacks worsen

    South Africa: 105 Nigerians killed in xenophobic attacks since 2019

    POS service providers move to halt Verve, Interswitch transactions over unauthorised charges

    POS service providers move to halt Verve, Interswitch transactions over unauthorised charges

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    May 31, 2026
    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    May 31, 2026
    Club Brugge netted a thrilling late equalizer while battling back twice against Atletico Madrid, leaving their Champions League knockout phase play-off tie finely balanced.

    Atletico Madrid open to sell Ademola Lookman

    May 31, 2026
    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku berates Tinubu, Wike over blocking of PDP event in Abuja

    May 30, 2026
    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    May 30, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.