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

Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

UBA Moves to Safeguard Reputation as Three Face Arrest Over False Claims Against Tony Elumelu

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

Dangote: Cement Industry Contributes 7% to Global Emissions

Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

by Jide Omodele
May 8, 2026
0

Africa’s largest cement producer, Dangote Cement Plc, is preparing for a secondary listing on the London Stock Exchange (LSE) later...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

by Jide Omodele
May 8, 2026
0

Nigeria’s money market is expected to experience a significant surge in liquidity this month, with the Financial Markets Dealers Association...

UBA annual profit hits N170 billion in 2022.

UBA Moves to Safeguard Reputation as Three Face Arrest Over False Claims Against Tony Elumelu

by Victoria Attah
May 4, 2026
0

United Bank for Africa (UBA) has launched a strong crackdown on misinformation after a fabricated report claiming that its Group...

The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.

by Victoria Attah
April 28, 2026
0

The Federal Government has released a revised schedule of prohibited trade items as part of efforts to deepen economic reforms,...

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

Dangote: Cement Industry Contributes 7% to Global Emissions

Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

May 8, 2026
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

May 8, 2026

Popular Story

  • Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

    Naira Strengthens Further Against US Dollar, Approaches N1,350 Level

    0 shares
    Share 0 Tweet 0
  • Banks Post Record N26.3 Trillion Revenue in 2025, But Profits Decline on Loan Provisions

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

    0 shares
    Share 0 Tweet 0
  • Cooking Gas Prices in Nigeria Climb 7.69% to N7,885 for 5kg in April 2025

    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}
?>