Dealdey Shuts Down!!

And another one bites the dust!

I was looking for affordable hotels in Lagos and I decided to search via Dealdey. The site came up relatively blank..

At first, I though I had slow network. I was already cu*ssing out my ISP thinking the internet service was slow again when I observed that other websites were loading just fine.

I did a lil bit of digging and found out that Dealdey has shut down. Can I say I'm entirely surprised by the news? Well no!.

This is considering the fact that sister company, Konga was acquired by Leo Stan Ekeh's Yudala last year. Both Dealdey and Konga were founded by Sim Shagaya.

This news does not paint a bright picture for Nigeria's e-commerce industry. So many have shut down due to what they describe in summary as their high overhead costs and consumers partial mistrust of online shopping. Nigerians are still comfortable shopping at Oshodi.

This news is coming at a point when Nigeria is experiencing high rate of unemployment.So many people will be thrown into the labour market as a result of the shut down.

Here is hoping the others survive. In a bid to make money and win, can others look at the option of Partnership or Mergers?

Comments

Fenty May have Out sold Kylie Cosmetics, But Kylie Will Always Make More Than Rihanna...Here is Why

When news filtered a few days back that Kylie Jenner is now a billionaire, most people were not shocked. This is because there had been projections that her main source of income, Kylie Cosmetics, will soon be worth a $1b after valuation.
Naturally people were curious as to who held the number one spot as the youngest billionaire before her. It turns it out was Facebook’s Mark Zuckerberg. At age 23, was the youngest billionaire in the world.

This is not the only comparison people made. People also compared her with her biggest rival in the cosmetics market, Rihanna’s Fenty. The comparison is not exactly uncalled for as they both cater to the same demographic and they both have similar products.

Most people noticed

Iyanya vs Ubi Franklin........Lessons to be Learned and Why Partnerships Hardly Work in Nigeria

Once upon a time Made Men Music Group (MMMG) was one of the biggest music labels in Nigeria and their star act was former reality star and singer, Iyanya. Coincidentally, he was one of the hottest exports at the peak of his career and was the favorite among the ladies; a key demographic in music. Fast forward and a few years later; he left the label for Don Jazzy's Mavins label.

When he made the move

Acquisitions, Closures and other Business News that Rocked Nigeria in 2018

Apologies..This is coming later than planned🙂.....
2018 wasn’t exactly a great year for the Nigerian economy. The drought in the economy did not just affect small and medium scale businesses; it also affected some multinational companies.
2018saw some foreign investors pull their investments out of the country . It also saw the acquisition of some companies that wereassumed to be doing well. Heck it saw the richest man in Africa loose about N2B. Let’s count down the shocking events that rocked the business world in 2018.
Konga When word got out that premiere online retail giant, Konga was going to be purchased by Zinox last year, so many people were shocked;but not people that have been following the sector though. Any keen observer will tell you they knew something was off the moment they reportedly laid off about 60% of their staff. They also made some changes in their business operations; like ending the 'pay on deliver option'. This may have been done to curtail the lo…

Boss Heights........MONEY..POWER..RESPECT

Search This Blog

....