E-Business
Carmudi Records 30,000 Unique Listings Milestone
Carmudi Nigeria, Nigeria’s fastest growing online car classified has changed the experience of shopping for car enthusiasts in Nigeria and globally.
The online car classified which launched a mobile application (in Nigeria) penultimate week allows users to browse thousands of cars on the go.
Hosting over 30,000 vehicles online in Nigeria and 200,000 globally, Carmudi’s app will give users an excellent experience of buying cars while on the move, thus allowing them the same sense of ease and comfort out and about as they would experience in front of their PCs at home.
Apart from Nigeria, the app is available to Android users in 20 countries across Africa, Asia, the Middle East and LATAM.
For the convenience of customers, Carmudi has made the app available in 9 different languages.
The app features the same usability and filter functions as its computer counterpart on Carmudi website.
Customers can filter searches by any means that they wish, from brand to model and year to price.
Users can also share listings on various social platforms to gain opinions from friends and family if they are unsure.
In addition, the Carmudi app allows for favouriting of listings so that they get instant notifications on their favourite cars.
Karl-Johan Sturesson, co-founder and head of Business Development of Carmudi Africa, commenting on the roll out said, “We want to bring the massive choice of cars to the fingertips of our users all over Africa. This is a huge milestone for Carmudi Africa and is a natural step in our ongoing strategy of being in the frontline when it comes to business development.
“The app will allow millions of users across Africa to find their dream car in just a single tap. We already have over one million users visiting our website globally every month. Carmudi is changing the way consumers search and shop for cars. With mobile phones accounting for more than a third of the internet usage in the emerging world, Carmudi’s app will further strengthen its dominance there.”
Emerging economies are a hotbed for smartphone usage with the expectation of a 33% increase in the number of smartphones that are shipped to such nations as compared to 7% in the developed world.
Also, Android is the most popular mobile operating system worldwide with over 52% market share.
So if you are looking for that perfect ride, make sure that you download the Carmudi app on the Google play store. The app will allow users to search for the vehicles they want by brand, model and price.
If this is not enough, further filters such as age, mileage and even colour are available to make sure that customers are able to find exactly what they want. More features will be added to the app shortly.
At the same time, Carmudi continues its rapid growth and today announces that unique listings have crossed the 30,000 mark in Nigeria.
This new milestone reflects a pattern of exponential growth for Carmudi Nigeria.
The website launched in October 2013 and reached 10,000 listings in March, meaning that the number of listings has tripled in around 4 months.
Christian Keller, managing director at Carmudi Nigeria, commented thus, “The trust we have gained from car sellers is overwhelming. With over 30,000 unique listings on Carmudi, all quality-approved, everybody in Nigeria should now be able to find the car they really want. Carmudi is fast becoming the first choice for vehicle buyers and sellers in Nigeria, and we are well on the way to achieving our goal of becoming the country’s largest online vehicle marketplace.”
The business platform operates under a high level of transparency through professional photos, updated listings, detailed descriptions, reports and rankings for 100% of its vehicles in each market.
At the same time, vehicle dealers get a trusted online presence through a personalized webpage. The Carmudi platform helps sellers manage their inventory in a fast, easy and stress-free way.
Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Saudi Arabia, Senegal, United Arab Emirates, Vietnam, Sri Lanka.
The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.
E-Business
Microsoft to Boost AI Growth with $80Bn Investment
Microsoft has announced plans to invest $80 billion in the 2025 fiscal year to expand its data centre infrastructure.
The investment will focus on supporting the training of artificial intelligence (AI) models and the deployment of AI and cloud-based applications.
The company disclosed this initiative in a blog post on Friday, emphasising its commitment to advancing AI and cloud technology.
Since OpenAI launched ChatGPT in 2022, investment in AI has surged as businesses across sectors strive to integrate artificial intelligence into their products and services.
AI requires enormous computing power, pushing demand for specialised data centres that enable tech companies to link thousands of chips together in clusters.
Before now, Microsoft has invested billions of dollars to enhance its AI infrastructure, broadening its data centre network.
Analysts project Microsoft’s fiscal 2025 capital expenditure, including capital leases, to reach $84.24 billion, according to Visible Alpha.
The company’s capital expenditure in the first quarter of the fiscal year rose by 5.3% to $20 billion.
As the primary backer of OpenAI, the tech giant is considered a leading player among Big Tech companies in the AI race, owing to its exclusive partnership with the AI chatbot developer.
More than half of Microsoft’s $80 billion investment will be allocated to the United States, Brad Smith, vice chair and president noted in the blog post.
“Today, the United States leads the global AI race due to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises,” Smith remarked.
E-Business
NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year
Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.
This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.
A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”
He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.
The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.
The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.
Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.
This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.
The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.
“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.
Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.
The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.
Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.
As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.
According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.
The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.
E-Business
NIPOST Reports 275 Percent Revenue Growth in 2024
Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.
At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.
Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.
Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages
The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.
She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”
Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.
She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.
Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.
“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.
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