E-Business
Konga Turns 8, Celebrates Customers with Massive Giveaway Deals
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2019/02/konga-IPO.jpg)
Konga, Nigeria’s foremost e-commerce powerhouse, turns eight this June.
To celebrate its eight years of consistent innovations and leading the Nigerian e-commerce ecosystem from the front, the management of Konga has put together a memorable collection of offerings targeted at exciting its customers.
Top on the bill is the disclosure that Konga will be giving away the sum of N100,000 daily to customers in celebration of its anniversary.
Customers who shop a minimum of N5000 and above will qualify for a draw from which winners will emerge for the massive giveaway. For each order of N5000 and above, a customer gets entries for the draws.
Meanwhile, Konga has also set aside millions of naira in vouchers and other freebies to celebrate its customers this period.
The freebies, which will be won by shoppers for purchases made on the platform, has been identified as one of the ways in which the e-commerce giant is looking to appreciate Nigerians for their loyalty and dedication to the Konga brand over the years.
Also, Konga has finalized plans for a massive 8th anniversary discount sales tagged K8onga Beyond the Hype.
The sales extravaganza kicks off on Monday July 22 and will run until Tuesday, July 7, 2020.
Equally important, the three-week long massive discount sale will offer shoppers a chance to enjoy unmatched deals and rock-bottom prices across multiple product categories including mobile phones, computing and devices, electronics, FMCG products, kitchen appliances, fashion, wine and spirits, and much more.
In addition, plans are in place to offer Nigerians a chance to win amazing prizes via quizzes to be organized on radio and across Konga’s social media platforms.
Also set to excite customers is a digital party, in line with the current regime of social distancing, with which Konga intends to fete its loyal patrons.
The digital party will witness a top DJ who will play live on Instagram along with a live performance from a major artiste.
Participants in the live session are also expected to win loads of freebies, courtesy of Konga.
Throughout the anniversary period, beginning from Monday, June 29 to the end of the promo period on July 7, Konga will equally host a daily flash sale at 10am, 2pm, 4pm and 6pm from which lucky customers will win exciting products at highly discounted prices.
This is in addition to the offer of free deliveries for orders which will coincide with the days for the flash sales.
Prince Nnamdi Ekeh, co-chief executive officer at Konga, says the company is using the occasion to express gratitude to Nigerians.
‘‘We are extremely grateful to Nigerians for their support, loyalty and dedication to Konga. It has been eight years of excellent innovations and leadership in the Nigerian e-commerce sector.
“However, we realize all we have achieved would have been impossible without the support of our esteemed customers and by extension, all Nigerians for trusting us.
‘‘We do not take this trust lightly. This is why we have decided to set aside millions of naira and roll out multiple incentives to celebrate our customers this period.
“We urge everyone to take part in the anniversary celebrations and take advantage of all the benefits on offer.
‘‘Also, on behalf of the entire management and staff of Konga, I wish to state that our best is yet to come.
“We remain determined, as always, to continually raise the bar in terms of customer satisfaction and service delivery in the e-commerce sector.
“This is our mandate and promise to all our customers and we will not fail,’’ he declared.
Founded in July 2012, Konga has remained at the forefront of the Nigerian e-commerce industry, with a long list of innovative strides and achievements that have made it the e-commerce brand of first choice for millions of Nigerians.
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg)
Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.
![Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg?resize=573%2C254&ssl=1)
Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
E-Business
OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Open-AI.jpg)
Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.
![OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/04/Elon-Musk.jpg?resize=563%2C229&ssl=1)
Elon Musk
Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.
Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.
In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.
Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.
Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.
Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.
Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.
Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.
Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.
Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.
E-Business
Adobe Launches AI Video Tool to Compete with OpenAI
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Adobe-logo.jpg)
Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.
Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.
To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.
Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.
Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.
Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.
“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.
- News3 days ago
TikTok Returns on Apple, Google US App Stores as Trump Delays Ban
- General News3 days ago
Researchers Develop Innovative Treatment for Malaria
- E-Financial3 days ago
African Union Launches Credit Rating Agency to Promote Regional Economic Integration
- General News3 days ago
Nigeria to Host ICEGOV 2025, A Milestone in Digital Governance and Global Leadership
- Broadcasting3 days ago
FG Kickstarts Construction of Emerging Technologies Institute in Kano
- Telecom3 days ago
Visa Launches Report on Digital Payment Landscape in Nigeria, Shows Positive Outlook
- General News3 days ago
MTN Nigeria Foundation Supports Education with Donation of School Supplies to 1000+ Students
- Broadcasting3 days ago
Family Marks one-year Memorial of Late APC Chieftain, Ojougboh with Charity Outreach