General News
Mobile Internet Drives Online Marketing in Nigeria- Spalazzi

Massimiliano Spalazzi is the managing director of Kaymu Nigeria.
Prior to joining Kaymu, Spalazzi was an Entrepreneur in Residence at Zanui.com.au, a Rocket Internet based in Australia and co-founded an online venture in Italy.
He also worked with the Jumia founding team before Kaymu and believes in Nigeria’s online market potentials
Spalazzi spoke to peter ugwu on how Kaymu wants to help other online entreprenuers in Nigeria to to monetize their ventures.
Why Kaymu.com is Nigeria’s Safest Online Market Place
Kaymu is Nigeria’s safest online market place where buyers and sellers meet to perfect transactions on the Internet.
Everyone can be on the platform to sell his or her product; both new and used products. So, is a business focused platform where everyone has equal opportunity to reach out to the wide range of potential buyers and can be reached too to make purchases.
A student might need to sell, a staff might need to sell or buy products ranging from Fashion, Electronics, Jewelry, Accessories, Books and millions more.
The interesting part of it is that when buying or selling at Kaymu, you deal with people from your City and from all over Nigeria.
To do that is very easy; just register and join thousands of people who successfully sell items on Kaymu.
Kaymu’s Level of Patronage
Number of users across Africa has been growing by the day. The adoption rate is increasing tremendously thanks to internet provisioning in Africa.
It is a proof to us that the business model is such that people appreciate as well. What we are doing is providing tools for people to maximize sells and reduce costs as well.
This platform is such that lure people to the online space.
Virtually, everybody has something to sell or buy.
Presently in Nigeria, we are in Lagos, covering the very important market. We have a plan to start nationwide and cover as many cities as we can.
Unique Selling Point
For clarification purpose, we do not sell products rather provide platform for others to market or sell their products.
It starts with what the seller has to sell and how much he or she puts it. If you have quality product and fair price, of course, Kaymu.com is the right avenue to make your sells.
We are different from others due to the unique services and safety.
Marketing & Safety
When it comes to safety we check everything via email and telephone numbers and confirm that the seller is really the person we are dealing with.
We are always cross-checking to ascertain the authenticity of anything we allow to be put up on the site.
Aside that, our sales team is concerned with inserting the price, images, and other factors, that will aid the seller and the buyer. Everything is managed by our team.
Infrastructural Challenges
It is true that internet penetration in the country is not at the top when it comes to laptop or desktop, but it is a different case when you talk about the mobile.
The mobile internet penetration in Nigeria is very significant and drives e-commerce presently. In fact, it is growing at a very fast rate.
The question will be: can we cope with the growth level? The answer is yes; that is why we are here, trying to find means of utilizing the growing trend.
Facebook, for instance, has maintained constant growth in the last two years and that is a good measure of, not just the growth in internet penetration but how people have been active on the web.
Mobile Adverting for Online Marketing
Like I advocated during the mobile West Africa conference held recently in Lagos, it is important and given the opportunity we have, especially the telecommunications networks, it is a good and efficient way of doing business by using the channels to reach out to as many customers as possible.
Nigerians have their mobile devices on their hands and we can explore such means to reach them.
Kaymu Referral Scheme
We launched the scheme to enable sellers on the network and individuals earn money without selling a single product. What they do is to refer their friends and family who sell a wide variety of products ranging from household products to fashion items and gadget.
Kaymu provides independent sellers or small to medium scale business owners a platform to market to a large homogeneous client base while providing buyers with a central location to purchase a wide variety of products at competitive prices.
Therefore, as the referred sellers climb the seller pathway, a performance reward rating system that helps sellers improve conversion rate, the referees earn money on Kaymu without making a single sale. The pathway enables sellers to improve performance by increasing the number of successful orders, improve delivery time and ensure all transactions are completed effectively.
Then, the improved performance ensures the seller moves up the ladder from bronze, through silver and gold to become platinum sellers.
For each step of the pathway, sellers get additional benefits including increased visibility on the website, competitor analysis as well as visibility on the facebook ads and newsletters.
Are You Targeting Any Age Bracket?
No, it is for everyone. It is for students in the universities and could serve sellers in the various markets. It is very simple to recommend a seller; get your friends and family to successfully list products on Kaymu and require them to mention your name as referee or comment on the facebook page listing the details of the sellers you are referring and you will be contacted.
Affiliate Programme
Yes, we looked at online shopping in Nigeria has caught on like wild fire, with proliferation of e-commerce platforms operating different business models. Kaymu is a product of this revolution.
We launched the affiliate program in line with our mission of empowering Nigerian entrepreneurs. The program allows 3rd parties to place ads on their platforms and get rewarded. We have said it over time, Kaymu is committed to provide a safe and convenient platform for Nigerians to sell and buy products. However those with nothing to sell, have the opportunity to join those smiling to the Bank through the affiliate program.
For instance, bloggers and anyone who is active online are given the opportunity to promote what we are doing and generate traffic. The traffic generated by anyone shall be rewarded, especially as the traffic is productive.
Building Technology Entrepreneurship
Certificate, usually, should correspond to skills. But skills most times are based on something we focus on often times. That is the reason we should help people discover themselves. In Kaymu, this is very important to us.
The drive for online entrepreneurship spurred a workshop we organized corps members in Lagos with 2000 in attendance.
We are committed to contribute towards the growth of small and medium scale businesses. We made them understand the importance of maintaining an online presence in this age where internet interaction has empowered young entrepreneurs and the global community.
Nigeria, as we know, has emerged one of the fastest growing countries in global information technology access surpassing the United Kingdom in ranking.
A recent report released by digitXplus, the digital unit of Mediareach OMD Nigeria, puts the country has recorded a 200% growth in internet users between 2009 and 2013.
NYSC Empowerment Programme
The statistics has indicated that Nigeria which tied at 55 million internet users with the UK in 2012 took a 14% leap with about 62.4 million users above the United Kingdom’s 57million users in 2013.
With the statistics, it is evident that to capture the online consumers it is imperative for any business that wants to maximize its exposure to maintain an online platform.
Our team specifically, told them that, Nigerian youths are entrepreneurial by nature. So, they need not slack back. Right from the university they have engaged in one trade or the other via BBM, WhatsApp and social media.
We even seek to provide a better and more structured platform for them to make more sales and have a wider reach.
Gone are the days you come looking for white collar jobs; you have to be creative and remove yourself from the queue of job seekers. So, we saw the National Youth Service Scheme (NYSC), which was originally created in a bid to reconstruct, reconcile and rebuild the country after the Nigerian Civil war through the youths; there are more to it now. The country can leverage the Scheme to build a robust online entrepreneurship NYSC was established to provide the proper encouragement and development of common ties among the youths of Nigeria and the promotion of national unity.
e-Commerce & Digital Divide in Africa
We see e-commerce as very essential in the quest to bridge the existing digital divide between African and rest of the world.
That is why you see a lot of incentives out there to attract peoples’ interests. If I register my presence online and it benefits me, of course, I will share the success story around and others will be willing to join.
Through that means, Africa can grow its contents and the rest of the world will appreciate more the ingenuity of the people here.
Challenges of e-Commerce
Education is very important in the passage of information and assimilating or appreciating it. It is important for people to understand the basic aspects of the internet for them to make up their minds on the way forward; that is to sell or buy.
General News
Afe Babalola University Partners with New Horizons to Integrate 4IR Skills into Academic Curriculum

The institution has been lauded for its rapid ascent in academic rankings and its dedication to producing socially relevant graduates since its establishments in 2009 by legal luminary Aare Afe Babalola. It has consistently demonstrated excellence in education and research, and has been recognized as Nigeria’s best university for three consecutive years.

Deputy Director, ICT, Afe Babalola University (ABUAD), Ado Ekiti, Muyiwa Oladimeji (left); Vice Chancellor,
Prof. Smaranda Olarinde; Managing Director, New Horizons Nigeria, Tim Akano and the University Bursar,
Pastor Dupe Babatola, during the signing of Memorandum of Understanding between New Horizons and the varsity for the integration of 4IR skill sets into ABUAD’s academic curriculum in Ado-Ekiti, Ekiti State.
Afe Babalola University has entered into a strategic partnership with New Horizons Nigeria to integrate Fourth Industrial Revolution (4IR) skill sets into its academic curriculum. This collaboration aims to empower ABUAD students with globally relevant competencies in Artificial Intelligence (AI), Internet of Things (IoT), Blockchain, 3D Technology, and the Metaverse, Web 3.0, Full Stack, Cyber Security among others. By embedding these cutting-edge technologies into its programs, ABUAD reinforces its commitment to producing graduates who are not only job-ready but also poised to be innovators and wealth creators in the global tech ecosystem.
The Memorandum of Understanding (MoU) was signed by Prof. Smaranda Olarinde, Vice Chancellor of ABUAD, and Mr. Tim Akano, CEO of New Horizons Nigeria. The University Bursar Pastor Dupe Babatola, and Mr. Muyiwa Oladimeji, the Deputy Director of ICT were also present at this meeting.
According to Prof. Olarinde, she stated that the partnership aligns with ABUAD’s vision of fostering innovation and excellence and by integrating 4IR skills into the academic curriculum, students are being prepared to meet the demands of the modern workforce and to drive technological advancement.
Also, Mr. Akano asserted that “New Horizons is proud to collaborate with ABUAD, an institution that shares its commitment to technological empowerment. Together, we will provide students with the tools and certifications necessary to excel in today’s digital world. It could be recalled that in the first three global industrial revolutions, Africa was not present at the parties of Agric revolution of the 17th century, Industrial revolution of the 18th century, and Information Communication revolution of the 20th century, Africa got late to the party. This explains the large-scale hunger, poverty, and diseases that Africa is battling with today. We are in a new era, the age of Artificial General Intelligence (AGI). AGI will determine the trajectory of every profession, going forward. Regardless of whatever course or profession one chooses, there is a component of AGI in it that will decide who is a modern lawyer or obsolete lawyer, who is a modern Doctor or Obsolete Doctor, who is a modern Engineer or obsolete engineer, and who is a modern art student or obsolete art student. Any university today that produce graduates without relevant 4IR skills and certifications attached during their undergrad years is producing obsolete graduates. The four major global challenges confronting humanity are not permanent problems but rather TECHNICAL/Technological problems. A case in point was smallpox, which had killed over 400 million people worldwide. However, when Edward Jenner invented a vaccine, using technology, smallpox got killed itself. Therefore, all the key problems in the world today: hunger, poverty, disease, Climate Crisis, Youth Unemployment are all technological problems that need technological solutions. This is why ABUAD’s partnership with New Horizons is necessary, critical and urgent with a view to ensuring that going forward, the ABUAD graduates have what it takes to compete with the Chinese, Americans and Japanese when it comes to 4.0IR innovations”.
This strategic partnership with New Horizons Nigeria signifies a pivotal step in ABUAD’s mission to remain at the forefront of educational innovation, and to ensure that its students are well-equipped to navigate and lead in the evolving technological landscape.
New Horizons Nigeria is Africa’s largest ICT training organization with over 200 training centres in various universities, high schools, and retail locations across Nigeria, empowering over 100,000 students yearly. New Horizons Nigeria is a franchise of New Horizons International, the world’s largest ICT training institute with Head Office in California and offices in 90 countries worldwide. The institution pioneered the integration of International ICT certification into the Nigeria academic curricular twenty years ago and some of the students that passed through New Horizons training in their respective universities are managing global corporations today in Silicon valley and working with global IT giants like Microsoft, MasterCard, Oracle, Google and Amazon among others.
General News
UBA Marks 75 Years of Excellence at 65th AGM

United Bank for Africa (UBA) celebrated its 75th anniversary during its 65th Annual General Meeting, highlighting decades of resilience, innovation, and commitment to service.
Mr. Tony Elumelu, Group Chairman, reflected on the bank’s journey, emphasizing its ability to adapt and transform over three-quarters of a century.
He announced UBA’s impressive financial performance for 2024, including a gross revenue of ₦3.2 trillion and profit after tax of ₦767 billion.
The bank’s total deposits grew by 42% to ₦24.6 trillion, while its loan book expanded by 35% to ₦7.5 trillion.
Mr. Elumelu also addressed UBA’s efforts to meet the Central Bank of Nigeria’s directive to increase the minimum capital requirement for international commercial banks.
Following a successful rights issue, UBA’s capital now stands at ₦355.2 billion, with plans to raise the remaining ₦144.8 billion later this year.
GMD/CEO, Mr. Oliver Alawuba, reiterated UBA’s commitment to enhancing customer experience through digital banking.
He highlighted the bank’s focus on leveraging artificial intelligence and advanced technology to serve its 45 million customers across 24 countries more effectively.
UBA’s dedication to environmental stewardship and social progress was evident in its 2024 initiatives, including planting 4,550 seedlings to offset carbon emissions and distributing over 13,000 books through the Read Africa Initiative.
The bank’s efforts were recognized with multiple awards, including “Bank of the Year” in five African countries.
As UBA continues its journey, Mr. Elumelu and Mr. Alawuba expressed gratitude to shareholders, customers, staff, and regulators for their unwavering support.
The bank remains committed to innovation, financial inclusion, and driving economic growth across Africa and the globe.
General News
FBI Sends Team to Nigeria to Track Down ‘Sextortion’ Scammers

Sextortion scams have become so widespread that the Federal Bureau of Investigation (FBI) is sending agents to Nigeria to help track down the perpetrators.
The agency’s “Operation Artemis” has led to the arrest of 22 Nigerians, half of whom are “directly linked” to sextortion incidents in which victims died by suicide.
Sextortion scams often begin on social media, where perpetrators pose as attractive young women to lure victims—typically unsuspecting teenage boys—into sending nude photos or explicit videos.
Once the images are obtained, the scammers turn to blackmail, threatening to leak the content unless the victim pays up.
In some cases, the sextortion results in teenage victims taking their own lives over fear of the nudes leaking.
In Thursday’s announcement, the FBI noted it’s been “observing a significant increase over the last three years in financially motivated sextortion schemes targeting young males ages 14-17, resulting in more than 20 minor victims dying by suicide.”
The agency is also facing a 30% year-over-year increase in sextortion-related tips.
“According to the FBI’s Internet Crime Complaint Center or IC3, there were over 54,000 [extortion-related] victims in 2024, up from 34,000 in 2023,” it said.
“Over the last two years there have been nearly $65 million dollars in financial losses due to this crime.”
In response, the FBI says 55 agency field offices came together to identify “nearly 3,000 victims of financially motivated sextortion,” which led investigators to track down the culprits in Nigeria.
The US has since extradited at least three suspects from Nigeria.
“These subjects will now be held accountable in the American justice system, with more subjects still awaiting extraditions in Nigeria,” the FBI added.
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