Jumia's Nigeria chief stands by sales figures queried by CitronJuliet Anammah, Chief Executive Officer of the online store Jumia, speaks with Reuters in her office in Ikeja district, in Nigeria's commercial capital Lagos June 10, 2016. Its shares initially soared, but fell sharply on Friday after the publication of the report by Citron Research, run by short-seller Andrew Left. She said many customers in Nigeria, Jumia’s biggest market, still only pay by cash when they receive their orders, but Jumia was trying to move customers to its Jumia Pay solution to pay in advance when they check out online. Jumia shares were trading 3.5 per cent higher at Sh2,783 (USD27.52) by 1658 GMT after two brokerages raised their ratings. Register to advertise your products & services on our classifieds website Digger.co.ke and enjoy one month subscription free of charge and 3 free ads on the Standard newspaper.

Source: Standard Digital May 15, 2019 09:30 UTC