RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Glovo expands frontier in Nigeria with second digital supermarket.

Rate Captain by Rate Captain
May 10, 2023
in Business
Reading Time: 2 mins read
A A
0
Glovo expands frontier in Nigeria with second digital supermarket.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Glovo, a multi-category digital application, has expanded its operations in Nigeria with the opening of a second digital Micro-Fulfillment Centre (MFC) for improved service delivery and better customer satisfaction.

Glovo’s Chief Executive Officer (CEO), Mr Oscar Pierre, said this at the innauguration of the centre at MFC in Yaba on Tuesday.

AlsoRead

Court Hits 21 Unlicensed Investment Firms with N30 Million Fines Each

Sterling, AIICO and Fidelity Lead Volumes as NGX Gains About N315 Billion

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

Pierre said that the move would enable the company to deliver more value-adding and premium services, especially to shape the future of grocery shopping in Nigeria.

He said that the company decided to expand its quick commerce arm, following the success of the business in Lekki.

According to him, this will help to meet the increasing consumer demand for rapid delivery on the mainland.

“With a young population, emerging middle class, and busy traffic, we recognised a huge potential in Nigeria to drive the adoption of quick commerce to enable people to save time and make better decisions when shopping for groceries online.

“Since our entrance into the Nigerian market in 2021, we have constantly worked to enhance our operating model to serve our consumers and give everyone easy access to anything in their city.

“This truly was, is, and will remain our main objective, and it is evident across all our operations.

“Glovo is driving the future of retail in Africa, and we are excited about the future opportunities and possibilities in Nigeria.

“Our goal is to increase the speed in which we digitise retail in our key markets, allowing us to stay ahead of the trend and offer solutions that enable our retail partners to compete fairly in the digital world,” he said.

Mr Kolawole Adeniyi, Head of Q-Commerce, Glovo Nigeria, said the company’s expansion to the retail ecosystem was with several advantages.

He said that by using glovo bargains; individuals and small businesses could continue to open retail businesses, selling products on Glovo’s app which are fulfilled through Glovo’s logistics (last mile) services.

He added that opening up the MFC would also create job opportunities and give distributors and partners additional sales channels.

“Glovo bargain is accessible through Glovo’s app or website and is closed to walk-in customers and it offers customers the best affordable prices for fresh and consumer packaged goods from the convenience of their homes.

“Using the latest in-store digital technology and dedicated resources, Glovo ensures the quickest possible delivery times with customers receiving their orders in 20-40 minutes.

“With Glovo Bargains, consumers conveniently buy groceries and other essential items at better prices than the open market, from the comfort and safety of their homes.

“We are excited to continue to expand our offering to meet consumer’s demands,” he said.

Previous Post

U.S. Inflation Holds Steady at 5%: How Will It Impact the Economy and Stock Market?

Next Post

Google goes to war with Microsoft and OpenAI with new generative AI-powered search and workplace tools.

Related News

NGX Fines Banks N76.8 Million for Late Financial Reporting

Court Hits 21 Unlicensed Investment Firms with N30 Million Fines Each

by Victoria Attah
September 29, 2026
0

Nigeria’s capital market regulators have scored a significant enforcement win after a Federal High Court in Nasarawa State convicted 21...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Sterling, AIICO and Fidelity Lead Volumes as NGX Gains About N315 Billion

by Jide Omodele
September 17, 2026
0

The Nigerian Exchange recorded turnover of 662.35 million shares on Wednesday, 16 September 2026, as investors kept up strong activity...

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

by Victoria Attah
September 8, 2026
0

Nigeria’s merchandise trade surplus more than doubled to N12.60 trillion in the second quarter of 2026, driven by stronger exports...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Delays New Equity Pricing Rules as Investors Await Fresh Launch Date

by Jide Omodele
August 17, 2026
0

The Nigerian Exchange has postponed the introduction of its revised pricing methodology for equities trading, one day before the new...

Next Post
Google goes to war with Microsoft and OpenAI with new generative AI-powered search and workplace tools.

Google goes to war with Microsoft and OpenAI with new generative AI-powered search and workplace tools.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023

OPay Estimates 57.4% Share of Nigeria’s Digital Loan Disbursements in 2025

October 12, 2026
Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

States and FCT Collect N2.64 Trillion in PAYE as Payroll Taxes Surge

October 12, 2026

Popular Story

  • Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

    States and FCT Collect N2.64 Trillion in PAYE as Payroll Taxes Surge

    0 shares
    Share 0 Tweet 0
  • OPay Estimates 57.4% Share of Nigeria’s Digital Loan Disbursements in 2025

    0 shares
    Share 0 Tweet 0
  • Jeff Bezos Climbs to World’s Second-Richest as Fortune Surges $122 Billion

    0 shares
    Share 0 Tweet 0
  • JP Morgan and Absa Eye Nigerian Merchant Banking Licences as Reserves Reach $55 Billion

    0 shares
    Share 0 Tweet 0
  • PayPal to acquire buy now pay later firm Paidy in $2.7B deal

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>