E-Business
Konga Thrills Shoppers to Amazing Deals @Live Auction
In an exciting show of commitment to customer satisfaction, Konga began the year with great fanfare by giving its shoppers unbeatable discounts on a wide range of products at its recent live auction which was held in Lagos.
The event which was streamed live on its social media platforms and YouTube had hundreds of followers bidding for the best prices on products ranging from 50kg bags of rice, sandwich makers, kettles, Apple iPhones and many other items.
Sharing his excitement about being able to participate in the auction, Adegboye George, a bidder at the event said “I joined the Konga Live Auction on social media because there were some household items I had been saving to buy for a long time. When I heard that Konga was going to be giving about 50% discount on some items I was interested in, I decided to give it a try. There were so many other people also bidding with me and when they finally selected winners it was very clear that those who got their items bided well for it. I’m happy I participated and I will join the next one.”
Celebrating the success of this event, other shoppers have called on the management of Konga to hold live discounted sales regularly, especially as rising prices and challenging economic conditions impact the cost of goods and services across the country.
Speaking on this development, Uvie Eromosele stated that “the Konga live auction was a lifesaver for me and my family. As a working mum of 3, I really needed some household items like kettles and foodstuff, and thanks to Konga I am now able to get them at prices we could not get anywhere before. Imagine buying a bag of rice for half the price in this economy. I want to ask the people at Konga to continue holding this auction often so that many of us can buy what we need at good prices.”
Following the outcome of the auction, brands and manufacturers have shown strong interest by listing their products for sale with Konga at its events.
Dave Omoregie, the Chief Operating Officer said “as a company we are dedicated to supporting our customers with value offerings on their favourite products and are quite pleased that through this platform we are able to provide our customers with the best products and at the best prices to meet their daily needs.”
The February edition of the event is scheduled to be held on the 5th of next month.
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Join the Celebration
Do you know someone who’s been having trouble getting a gift card? Spread the word and share this amazing news with them. For more details and updates, be sure to follow us on our social media channels.
Board of Directors of Tolaram, one of Nigeria’s leading conglomerates, has appointed Adesuwa Ladoja as the Managing Director/Chief Executive Officer of the Lagos Free Zone (LFZ) Company, one of its subsidiaries.
Adesuwa Ladoja
In a statement issued by the Board of Directors to its stakeholders, the appointment is effective July 1, 2024.
Adesuwa Ladoja takes over from Dinesh Rathi, who has been moved to the position of Group Finance Director of Tolaram.
According to the release, Ladoja brings extensive experience in infrastructure development and strategic leadership.
“She has been a key player in the development of the Lekki Deep Sea Port project, leading to its financial close in 2020, the completion of its construction in 2022 and commercial operation in 2023. Her leadership and strategic vision have been critical to the project’s success.”
Ladoja, a Lawyer, started her career in general commercial practice and litigation as an Associate at Ajumogobia & Okeke. This was followed by over a decade at KPMG Professional Services, where she specialised in Tax, Regulatory, and People Services.
She holds a Bachelor of Law degree (LL. B Hons) from Obafemi Awolowo University and a Master of Law (LL.M Hons) degree in International Business Law from King’s College, University of London.
Ladoja is a member of the Nigerian Bar Association and several other professional bodies and a notary public of the Supreme Court of Nigeria.
According to the Board, Ladoja’s multifaceted expertise will be invaluable in driving the Lagos Free Zone Company’s growth and innovation agenda.
Ladoja said: “I am honored to be given this opportunity, and I look forward to continuing the good work done by Dinesh and the team at LFZ in creating a unique industrial ecosystem which places sustainability and customer-centricity at its core.
“Lagos Free Zone with its integrated Lekki Port is the perfect illustration of what ease of doing business represents and we look forward to hosting more companies.”
Established in 2012, Lagos Free Zone is an award-winning port-based industrial zone (850 hectares) in Lagos, Nigeria, with over $2.5 billion committed FDI projects to date.
Owned and promoted by Tolaram, LFZ is located in Lekki, the sunrise development corridor in Lagos. With its vision to be the preferred industrial hub in West Africa.
KuCoin, a leading cryptocurrency exchange, has announced it will begin collecting a 7.5 percent value-added tax (VAT) on transaction fees for its users in Nigeria.
The decision follows a recent regulatory update in the country, prompting KuCoin to introduce the VAT.
In a statement released on July 3, KuCoin confirmed that the VAT deduction will take effect from July 8. The company clarified that the 7.5 percent VAT will be applied specifically to the transaction fee, not the total amount. For example, if a user purchases $1,000 worth of Bitcoin with a 0.1 percent fee, the transaction fee would be $1. Consequently, the VAT on this fee would be $0.075, making the net amount for the transaction $998.925.
The statement read; “We are writing to inform you of an important regulatory update that impacts our users from Nigeria.
“Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (VAT) at a rate of 7.5% on transaction fees in each trade for users whose KYC information is registered in Nigeria.
“Nb: The 7.5% is only charged on the 0.1%/0.05% transaction fee and not your total amount which will be remitted.
“Please note that the VAT will be applied to the transaction fees in each trade, not the transaction amount, and covers all transaction types on KuCoin platform.”
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