E-Business
How eCommerce is Making Prices of Good & Services More Affordable

By Adeniyi Ogunfowoke
Change is the only constant thing in life. The modus operandi of doing business in Nigeria has significantly been disrupted since the entry of eCommerce. One of the areas that the impact of ecommerce is currently being felt is in the prices of goods and services.
Gone are the days when shoppers have to visit physical stores or markets to haggle about prices. Sometimes, the prices at these stores are so outrageous that you end up either buying the product at an exorbitant face price, or buying a low-quality product because it is cheaper or you simply return home empty-handed. If any of the aforementioned happens to you, you are in a no-win situation.
Presently, a millennial or tech-savvy person who wants to buy anything is most likely to visit an ecommerce store. Apart from the fact that you will get a quick and real-time idea of what you intend to buy, you have the opportunity of comparing the prices of different brands in the same product category.
Offline vs Online Prices
The prices of goods and services online are not hidden. It is visible for everyone to see and of course, ecommerce companies like Jumia have made efforts to get shoppers and deal-scavengers the best price. Interestingly, to give you assurances that you are being offered the best price, Jumia recently ran a campaign tagged ‘Last Price Campaign’. The objective was to offer customers the very best prices on over 1,000 iconic products across all categories on its platform.
This is the level of guarantee that ecommerce companies are giving their customers who always desire the best price. In fact, competition in the ecommerce space is also driving down the prices.
There are many online stores who want a chunk of the market. One way to attract with the customers is by offering them the best price. So, beyond the convenience of being able to book a hotel or buy an item at any time of the day, an ecommerce store like Jumia will offer the best price on good and services. And since Jumia is now an ecosystem, shoppers have the opportunity of receiving the best deals on travel, food, and services.
To lend credence to this, if you book directly with the hotel, you will be getting the exact rates of the rooms. Conversely, if you book with an online travel agency like Jumia’s hotel and flight services, you will get a discounted price because they already negotiated the best price on your behalf. In addition to this, customers can take advantage of coupons and vouchers.
Currently, it appears as if the price war is not between offline and online stores but among online stores.
For the offline stores, shoppers have the advantage of haggling prices. The truth is that not many people want to go through this. But, if you decide to visit a departmental store, you simply accept whatever price you are offered. No negotiation…that is the last price.
Here, you cannot blame the brick and mortar store. Factors such as rent, electricity, payroll, fixtures and shrinkage loss all contribute to the gross margin and overhead of doing business in a shopping centre or elsewhere. This is why many offline stores are moving online. That’s not saying that these things don’t affect online retailers. They do, but online stores have a relatively better return on investment when compared with offline stores.
This is perhaps another reason to shop online as you have the virtual chances to visit different websites to get the best price.
The biggest shopping festival of the year: Black Friday
Black Friday, which is usually held in November is the biggest shopping festival in the world. A time to enjoy ‘crazie’ discounts on products and services. Nigerians have caught the Black Friday fever that they now save to cash in on the sales.
The fact remains that shoppers will get the best Black Friday deals and prices online and in the same vein, the goods will be delivered at their doorsteps. This is not the case with offline stores and if you factor in their high prices, it is advisable to stick with online shopping.
More importantly, the ‘shopping madness’ associated with Black Friday will be ultimately bypassed.
Can every day be Black Friday?
Thousands of customers will really love every day to be Black Friday. Clearly, this is not possible because fantastic deals and discount are usually one-off and they are only offered on Black Friday. Regardless, customers will still get the best deals. As earlier mentioned, competition is impacting price and it has helped online stores to offer the best available price.
E-Business
FCTA Approves N242.8m for Microsoft 365 Licence to Digitise FCT-IRS

Federal Capital Territory Administration (FCTA) has approved N242.8m for the procurement of a Microsoft 365 licence for its Internal Revenue Service (FCT-IRS) as part of efforts to digitise the service’s operations.
Mr Michael Ango, acting executive chairman of FCT-IRS, disclosed this after the FCT Executive Committee meeting chaired by Mr Nyesom Wike, the minister of FCTA, in Abuja on Wednesday.
Ango said that the FCTA was making significant investments in technology to enhance revenue generation and collection.
“So, this is also one of those investments in technology that the FCT is undertaking.
“The licence, if procured, will enhance our ability to move most of our manual processes into automated processes.
“It will enhance our ability to communicate within our offices,” he said.
The executive chairman added that the move would also reduce the use of paper and ensure better record-keeping through the storage of information and documents in the cloud.
According to him, “The licence will essentially enhance our operations and assist us in generating revenue for the development of the FCT under Wike’s leadership.”
E-Business
Rack Centre Hosts Olla Systems’ Private Cloud Infrastructure

Rack Centre, West Africa’s Tier III Carrier and Cloud neutral data centre, has welcomed Olla Cloud Service, a new private cloud service by Olla Systems Limited, a leading provider of innovative technology solutions, to its facility.
Hosting at Rack Centre, Olla Cloud Service runs on a state-of-the-art, cloud-enabled infrastructure for enterprise applications across diverse platforms, including mission critical application, web applications as well as containerised applications using Kubernetes.
Lars Johannisson, CEO, Rack Centre, welcoming Olla Systems, noted that the partnership with Olla Systems Limited would reflect the company’s commitment to providing African businesses with high- quality cloud computing services.
He noted that Olla Systems would enjoy Rack Centre’s 13.5MW data centre campus facility, designed to meet the highest international standards and offering scalable solutions to Hyperscalers, Enterprises, and Cloud service providers.
As part of its commitment to sustainability, the facility is equipped with energy-efficient systems, advanced cooling technologies to mitigate environmental impact and an optimally-designed feature to handle high-density workloads with precision.
According to Johannisson, “With Olla Cloud Service hosting at Rack Centre, clients will experience fast performance and low latency, enabling businesses in Africa to access world-class cloud computing services within a secure and compliant local infrastructure.”
Also speaking, Olusola Adenuga, chief executive officer, Olla Systems Limited, expressed enthusiasm about hosting at Rack Centre, noting that Olla Cloud remains a groundbreaking private cloud solution for businesses.
While highlighting the benefits of the partnership between Rack Centre and Olla Systems, Adenuga disclosed that “subscribing to Olla Cloud Service is cost-effective to customers because of its local currency payment advantage.”
She also noted that the partnership between the duo, provides businesses the opportunity to meet regulatory requirements of data residency, while enjoying world-class infrastructure as a service (IaaS) locally.
“Other benefits of hosting with Olla Cloud include: 24/7 support, unparalleled performance, scalability and agility.” she added.
E-Business
Firm Offers Steps to Prevent a WhatsApp Account from being Hacked

A user’s messaging app account might be of interest not only to jealous spouses and nosy coworkers, but also to cybercriminals.
Stolen WhatsApp accounts are used for various types of criminal activity, ranging from spam distribution to sophisticated scam schemes.
Cybercriminals constantly look for WhatsApp accounts and use various methods to gain access to them.
There are two ways cybercriminals can gain control of a WhatsApp account: they can add another device to an existing account using the “Linked devices” feature, or they can re-register the account on their own device as if the user had bought a new phone.
“In the first case, the user continues to use WhatsApp as usual, but the criminals also have access to all recent conversations. In the second case, the user loses access to their personal account.
“When trying to log in, WhatsApp notifies him that the account is already in use on another device, and the attackers can then control the account but not the past conversations.
“Messengers are a private space, as they often contain personal information about our lives and relationships with family and friends. They can also contain information about work and, in some cases, confidential information.
“If you notice any unusual activity, such as receiving replies to messages that you didn’t send, or if your friends complain about strange messages coming from your account, it’s important to take steps to protect your privacy immediately,” comments Seifallah Jedidi, Head of Consumer Channel, META, at Kaspersky.
While you can check instruction on what to do in case a WhatsApp account was already compromised, here are the key steps on how to avoid a WhatsApp account to be hacked:
- Enable two-step verification in WhatsApp and memorise your PIN — it’s not a one-time code. To do this, go to Settings → Account → Two-step verification.
- Never, ever share your PIN or one-time registration codes with anyone. Only scammers ask for these details.
- WhatsApp recently introduced support for passkeys. If you enable this option (Settings → Account → Passkeys), logging in to your account will require biometric authentication, and instead of PIN codes, your smartphone will store a long cryptographic key. This is a very secure option, but it may not be convenient if you frequently change devices and switch between Android and iOS.
- Set up a backup email address for account recovery: Settings → Account → Email address.
- If you’ve already added an email address, log in to your email account and change your password to a strong, unique one. To store it securely, use a password manager, such as Kaspersky Password Manager.
- Enable two-factor authentication for your email account.
- Make sure you haven’t fallen victim to a SIM swap scam. Contact your mobile carrier — preferably in person — and verify that no duplicate SIM cards have recently been issued for your number. Also, make sure there’s no unauthorised call-forwarding set up on your number. Cancel any suspicious changes and ask the staff about additional security measures for your SIM card. These may include prohibiting SIM-related actions without your being present, an extra password required for authentication, or other protections. Available security measures vary significantly by country and mobile carrier.
Any security measures in WhatsApp will be of little use if your smartphone or computer is infected with malware. Therefore, be sure to install comprehensive protection like Kaspersky Premium on all your devices.
- Telecom3 days ago
FG to Launch $2Bn Fibre Network Project in Q4 2025
- News3 days ago
Court Orders Oba Otudeko to Respond to Alleged ₦12.3Bn Loan Fraud Charges
- Telecom3 days ago
MTN’s Earnings Hammered by Free Falling Naira in Nigeria
- E-Financial3 days ago
Central Bank Defends Naira with $360m in 5-Day
- E-Business3 days ago
FG Partners Cyberpedia to Fight Misinformation with AI
- News3 days ago
Tinubu Congratulates Osakwe, Nigerian on Winning UK Top Cyber Security Award
- E-Business2 days ago
Google to Buy Cybersecurity Company Wiz for $32Bn
- Telecom2 days ago
ATCON Calls for Telecom Policy Improvements in Nigeria