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E-Business

Nigerian Youth Forging New Bitcoin Path to Financial Golden Age

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L-R: Ray Youssef; Paxful CEO and Founder, Inuwa Kashifu, Director-General of the National Information Technology Development Agency (NITDA) and Yusuf Nessary; Director Built With Bitcoin Foundation during the annual Digital Nigeria International Conference and Exhibition, held recently at the International Conference Centre, Abuja.
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Paxful, the leading global peer-to-peer (P2P) finance platform, has doubled down on its commitment to promote financial literacy among Nigerian youth as part of its efforts to drive economic growth in the country.

Nigerian Youth Forging New Bitcoin Path to Financial Golden Age

L-R: Ray Youssef; Paxful CEO and Founder, Inuwa Kashifu, Director-General of the National Information Technology Development Agency (NITDA) and Yusuf Nessary; Director Built With Bitcoin Foundation during the annual Digital Nigeria International Conference and Exhibition, held recently at the International Conference Centre, Abuja.

Ray Youssef, Paxful founder and CEO, gave the assurance at this year’s annual Digital Nigeria International Conference and Exhibition, held in October at the International Conference Centre, Abuja.

The founder was a guest speaker during Blockchain Day, a one-day event held during the government backed October conference. In his presentation titled “Blockchain for Youth Empowerment”, Youssef noted that the youth are the bedrock of every society, and they facilitate growth and economic development—it is vital that they are empowered with financial education to thrive and become the nation’s next great leaders.

He said, “Financial education brings empowerment and entrepreneurship. Nigerian youth are leading a financial revolution and Bitcoin has already scaled tenfold compared to other regions. We must foster that momentum—it will open Nigeria up to the global market, grow local businesses, expand opportunities for international freelancers, and lessen Nigeria’s reliance on international governments who threaten to devalue local commerce. Through Bitcoin, Nigerians will lead the whole of Africa into a financial golden age.”

Putting his words into action, Youssef spoke to hundreds of Nigerian youths in Abuja during an October 29th campus tour—discussing the future of finance and how Bitcoin can improve their daily lives. Students attended from different universities such National Open University of Nigeria (NOUN), Federal College of Education (FCT), and Veritas University Abuja.

Youssef’s goal is to amplify the work and ingenuity of these students. He noted that they are showing other regions how to apply meaning to Bitcoin. Youssef said, “Bitcoin is more than just an investment asset. It’s proof of the power of Nigerians. With high education but unemployment standing over 30%, you have shown the world how Bitcoin can forge a new path while strengthening a local economy. That’s empowering.”

During his trip, Youssef will also be visiting the PaxNaija Center in Abuja, which has successfully organized around 75 events across 9 states in Nigeria, training youths and university students on Bitcoin usage such as cross border payments and profitable arbitrage opportunities.

Youssef has seen the power of education firsthand. Through the Built With Bitcoin Foundation, a non-profit organization that Youssef founded, his team was able to open both a primary and nursery school in Kaduna state. The community is now able to offer over 200 kids free access to early education and scholarships.

Youssef and his team will be pushing to progress Bitcoin and financial education even further during this trip, meeting with various high-level politicians to continue a dialogue around the future of Bitcoin in the country.

 

 


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E-Business

Jumia Replatforms its Retail Media Program to Mirakl Ads to Enhance Marketplace Advertising

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Jumia, e-Commerce platform in Africa, has partnered with Mirakl to elevate its marketplace advertising capabilities by deploying Mirakl Ads, a retail media solution uniquely designed to optimize performance for both first-party and third-party sellers.

This move strengthens Jumia’s efforts to deliver more value to its sellers, enhance the customer experience, and unlock profitable and sustainable new sources of revenue. Retail media is a rapidly growing sector within the e-commerce industry, expected to reach $204 billion by 2027 with a projected compound annual growth rate (CAGR) of 17.2%.

Jumia’s adoption of Mirakl Ads positions the company at the forefront of digital advertising innovation in Africa, unlocking significant opportunities to increase revenue generation. With growing usage across its platform, Jumia is well-placed to capitalize on this momentum by delivering improved advertising tools to sellers and more relevant, personalized product recommendations to customers.

“Advertising is a key growth lever in our marketplace strategy, and this partnership with Mirakl allows us to accelerate that journey with speed and scale.

“By integrating Mirakl Ads, we’re empowering our sellers with smarter tools and delivering a better, more personalized experience to our customers. It also positions us to unlock new revenue streams while deepening engagement across our platform. Importantly, this partnership supports our ambition to grow gross profit and accelerate our path to profitability,” said Francis Dufay, CEO of Jumia.

The collaboration is a testament to Mirakl’s ability to rapidly deploy enterprise-grade solutions, with Jumia launching Mirakl Ads in just two months. This showcases the platform’s ease of integration and fast time-to-value. Now live, the solution equips Jumia’s advertising ecosystem with advanced automation, AI-powered optimization, and seamless campaign          management.

With Mirakl Ads, all advertisers – from the biggest brands to the smallest marketplace sellers – can now boost their sales by leveraging advertising campaigns in Ghana, Uganda, Kenya, Nigeria, Senegal, Egypt, Algeria, Morocco and Ivory Coast.

“Jumia’s decision to replatform to Mirakl Ads is a powerful validation of our platform’s ability to deliver immediate and measurable impact for leading marketplaces. By combining Mirakl’s cutting-edge retail media technology with Jumia’s deep market reach, we are enabling sellers to grow faster and customers to benefit from a more relevant, engaging experience. This partnership is a true milestone, not only for Jumia and Mirakl, but for the future of digital commerce across Africa.” said Adrien Nussenbaum, cofounder and co-CEO of Mirakl.

Through this partnership, Jumia is taking a decisive step in accelerating monetization, improving customer engagement, and advancing its long-term financial performance and profitability.


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E-Business

Galaxy Backbone, Rural Electrification Agency Commit to Deepening Digital and Energy Access Across Nigeria

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In a major step towards deepening Nigeria’s digital and energy infrastructure, Galaxy Backbone Limited (GBB) and the Rural Electrification Agency (REA) have signed a strategic Memorandum of Understanding (MoU) at a brief but impactful ceremony held in Abuja.

The MoU signals a collaborative effort between both agencies to enhance Nigeria’s digital transformation agenda by integrating reliable energy solutions with cutting-edge ICT infrastructure, especially in higher institutions, Government institutions, underserved and rural communities across the country.

Speaking at the event, the Managing Director/CEO of Galaxy Backbone, Professor Ibrahim A. Adeyanju, described the partnership as “a landmark moment in Nigeria’s journey towards a digitally empowered, sustainably powered, and inclusively connected nation.”

“This partnership exemplifies what is possible when two visionary government institutions come together, united by shared goals and driven by the desire to improve the lives of Nigerians everywhere,” he said.

Professor Adeyanju emphasized that while Galaxy Backbone’s core mandate is to provide secure digital infrastructure that powers government operations, reliable and sustainable energy particularly in rural areas is essential to fully actualize digital transformation.

Major highlights of the MoU include:

  • Solar electrification of some of GBB’s Metro Fibre sites in Abuja by the REA.
  • Powering Hostels of Higher Institutions across the country through the Fibre to Hostel Project being driven by the Federal Ministry of Communications Innovation and Digital Economy (FMCIDE).
  • Support for the rollout of the 774 Local Government Digitization Initiative, beginning with six pilot Local Government Areas.
  • Provision of LANs, access points, cloud services, colocation infrastructure, and temporary connectivity to enhance REA’s operational facilities nationwide.

The Managing Director of the Rural Electrification Agency Mr Abba Aliyu, in his remarks, expressed optimism that this collaboration will further bridge the digital and energy divide across Nigeria. He noted that by combining REA’s achievements in expanding energy access with GBB’s robust ICT backbone, both agencies are poised to create lasting impact across governance, education, healthcare, and entrepreneurship.

This partnership is also in direct alignment with the Renewed Hope Digital Transformation Agenda of President Bola Ahmed Tinubu, GCFR, which envisions an inclusive digital economy powered by innovation and sustainable energy.

The ceremony was attended by top management from both organizations as well as members of the media.

With today’s signing, Galaxy Backbone and the Rural Electrification Agency have set the tone for stronger, smarter, and more inclusive public service delivery powered by strategic inter-agency collaboration.


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NIMC Says NIN Services Back Online

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National Identity Management Commission (NIMC) has announced the restoration of its National Identification Number (NIN) verification services nationwide.

NIMC Says NIN Services Back Online

This, according to the commission, follows the completion of a system maintenance exercise.

In a statement issued on Friday, the NIMC confirmed that all previously disrupted services have resumed.

“NIMC wishes to inform the general public that the recent technical maintenance has been completed and all services have been restored,” the statement read.

The NIMC urged Nigerians seeking to enroll for NIN to visit the its official website to locate the nearest enrollment centers.

The agency also encouraged individuals to make use of its self-service portal for tasks such as data modification, including name changes.

To further ease the verification process, the Commission recommended downloading the NIMC NameAuth app (oath.app) from the Google Play Store or Apple App Store for quick and secure NIN authentication.

NIMC expressed appreciation for the public’s patience during the service disruption, which had impacted banks, telecom providers, and government agencies that rely on NIN verification for their operations.

 


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