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Cars45 Expands Retail Footprints with Enyo Partnership

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Nigeria’s largest online vehicle trading platform, Cars45 has partnered with ENYO Retail and Supply, an innovative fuel retail brand, to increase its retail footprints and provide consumers with opportunities to buy, sell or swap their cars at all Enyo service stations nationwide.

 

This is in continuation of its drive to facilitate ease of access and deliver more convenient services to Nigerians.

It is expected that the launch of this exciting partnership, will enable consumers experience peerless automotive services at Enyo retail outlets whilst increasing visibility for Cars45 value offerings across foot and vehicular traffic channels.

 

Commenting on the partnership, Etop Ikpe, Chief Executive Officer, Cars45, noted that the relationship is a strategic one aimed at helping the company to achieve its mission to build an ecosystem that enhances, enables and drives trade within the nation’s automotive sector.

“This partnership with ENYO affords us the opportunity to deepen the pervasiveness of our products and services across the country.

 

“We are always seeking innovative approaches to expand and transform the currently fragmented automotive ecosystem and offer support across all the automobile trade, repair and verification services,” Ikpe added.

 

Highlighting the similarities between both organizations, Ikpe noted that, “Cars45 and ENYO are both technology-driven and innovative firms that have become synonymous with engaging customers through excellent retail experiences.

 

“Whilst Cars45 fueling and giving life to the car ownership dreams of consumers, ENYO is powering a fuel retailing revolution in Nigeria.”

Also speaking on the partnership, Abayomi Awobokun, Chief Executive Officer, ENYO Retail and Supply, described the partnership with Cars45 as an extension of Enyo’s unrelenting desire to become the most desired fuel retailing company renowned for its best-in-class retail experience, strong customer-focus, and technology driven operations.

 

According to Awobokun, “this partnership is a step in the right direction and is positioned to achieve great feats as well as validate our market position and ability to create new value streams for our customers.

 

“It is also in alignment with our brand persona as the most exciting and trusted fuel retail brand in Nigeria.

 

“I have no doubts that this partnership will become the role model in delivering world class automotive services in Nigeria.”

Mayokun Fadeyibi, Head, Commercial Operations and Marketing, Cars45, said, “We are always striving to ensure that we make the automotive transaction experience a whole lot easier and exciting.

“Our partnership with ENYO signposts this commitment even as we continue to seek for new ways of creating value.

 

“On the back of the partnership, our services will be accessible in the over 55 ENYO service stations across 13 states and serving over 50,000 customers daily.”

 

Furthermore, she added that, “this is just the beginning of the partnership and I am excited at the possibilities ahead for both brands to co-create amazing value offerings.

 

“We would be looking to build on it and expand the scope of our partnership through the year.”


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

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Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.

While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.

The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.

“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.

New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”

The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.

The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.

Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show. On Feb. 28, a cut on its network in three different locations by a road construction firm, an oil serving company and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.

A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.

“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”

 

 


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Telegram Eyes 1Bn Users amidst Political Pressures

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Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.

Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.

With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.

Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.

Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.

In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.

 

 


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NITDA, NIMC Announce Collaboration To Strengthen Digital Economy

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To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.

During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks


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