E-Business
Konga Marketplace Makes Millionaire Merchants

Konga.com, Nigeria’s largest online shopping platform has been busy in the last six months, raising new Nigerian millionaire merchants through an innovative approach to its business in Nigeria.
About 6 months ago, Konga debuted sellers’ platform called the Konga Mall, allowing sellers from all over Nigeria create shops, display their products online and sell to customers via konga.com
Since then, thousands of sellers are actively selling on Konga Mall, and many of them already made millions on the platform which has traded hundreds of thousands of items.
Merchandise listed on the platform range from fashion to a vast array of gadgets and electronic items, beauty products, home and kitchen wares and so on.
Commenting on the first six months of Konga Mall, Tejumade Fola-Alade, coordinator for Konga’s Marketplace remarked that: “With the internet penetration in Nigeria today, Konga Mall allows retailers to have access to over 50 million Nigerians online. It has been a great couple of months on our Marketplace and a win-win situation for all parties. On the part of our customers, they now have access to a more robust assortment of thousands of additional items to satisfy various tastes and budget categories.
On the other hand, the marketplace sellers also grow their business financials and reach; benefiting from the technical infrastructure Konga has built up over the years – enabling them to reach millions of loyal Konga customers all over Nigeria. The burden of logistics to the final consumer is completely born by Konga and it is very easy to sign up on the Konga website.
To further support and build capability for owners of Nigerian businesses Konga also runs the Konga Seller Academy – a learning & training platform for all its esteemed merchants and other interested business owners seeking to grow their knowledge on ecommerce.
The Seller Academy is provides new, budding and experienced entrepreneurs with different learning opportunities that provide sellers, small & large business owners with business skills exposure via training programs, seminars and learning testimonials from successfully set up sellers.
And sellers on Konga are enjoying the ride! Blessing Olurin who owns a store called Little Angels praised Konga Mall saying, “I’ve enjoyed extremely huge patronage. There’s no day without sales. I am always very happy for the repeat customers and particularly glad that customers receive their orders in record time”.
Another customer, Seun Oloyede who runs Seolak Store expressed similar sentiments remarking that, “Within 100 days of joining the platform, we received and processed over 2,000 product orders on Konga Market Place”. As the news of the success of selling on the site spreads, the platform is seeing almost a thousand new sellers register on the site each week.
Sim Shagaya, Konga’s CEO and founder, explained the strategic reason the company decided to expand its operations with the Konga Mall platform.
He said, “Konga’s mission is ‘To be the engine of Trade and Commerce in Africa’. We know that Commerce and business are key drivers of Nigeria’s Gross Domestic Product (GDP). If well harnessed, the use of ICT could even help bridge the unemployment gap in Nigeria. Konga is promoting entrepreneurship in Nigeria through this platform, as merchants can start a business with minimal investment. Entrepreneurs justhave to register on Konga,then we help showcase their merchandise on Konga Mall to nationwide visibility and distribution. This is a model that will prove very interesting for Africa in the long-term and will be a big part of e-commerce in Africa.”
E-Business
NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

Nigeria Data Protection Commission (NDPC) has joined sixty (60) other Data Protection Authorities (DPAs) in endorsing the “Joint Statement on Al-Generated Imagery and the Protection of Privacy.”

NDPC
The Joint Statement was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly.
This underscores the growing concerns regarding the privacy risks posed by Artificial Intelligence tools capable of generating realistic images and videos of identifiable individuals.
The Joint Statement highlights concerns over the misuse of Al-powered tools to create non-consensual imagery, defamatory content, and other harmful materials, particularly affecting children and vulnerable groups.
It calls on organisations to implement strong safeguards, ensure transparency, provide effective content removal mechanisms, and comply fully with applicable data protection laws.
The current effort forms part of a continuum of steps being taken by Nigeria to ensure the responsible use of Al. It will be recalled that the Honourable Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, led the initiative for the development of the National Al Strategy.
The NDPC also issued the General Application and Implementation Directive (GAID), which, amongst others, mandates privacy by design and privacy by default in the development and deployment of Al tools.
The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, has directed that the Nigeria Data Protection Act (NDP Act) Compliance Audit Returns (CAR) by data controllers and processors of major importance will serve as a yardstick for monitoring and evaluating responsible use of Al for data processing in Nigeria.
E-Business
Jumia Tech Week 2026 Begins with Tech Deals on Smartphones, Electronics, and Everyday Technology

Jumia Nigeria has announced the launch of Jumia Tech Week 2026, a two-week campaign offering customers access to discounted technology products across key categories, including smartphones, computing, home entertainment, and wearable devices.

Starting from March 2 to March 15, Jumia Nigeria’s Tech Week 2026 is themed ‘Tech Products for Less’ – a deliberate commitment by the e-commerce giant to drive down the cost of technology products for Nigerian consumers. The campaign offers significant price reductions across key product categories, enabling more Nigerians to access the devices they need at prices that reflect the company’s dedication to affordability and consumer value.
Jumia Tech Week will feature deals across a wide range of product categories, including mobile phones, computer systems and accessories, televisions and audio equipment, gaming products, home appliances, portable power solutions, health technology,, and wearable devices.
Customers will also have access to curated recommendations, including top smartphone deals, must-have accessories, gaming essentials, and home technology upgrades.
According to Temidayo Ojo, CEO of Jumia Nigeria, the campaign reflects Jumia’s broader commitment to making everyday technology more accessible to Nigerians.
“Technology has become an essential part of everyday life, and access to the right devices enables more people to participate fully in the digital economy,” said Ojo. “At Jumia, we remain focused on expanding access and improving the shopping experience as we continue to build Nigeria’s everyday retail destination.”
The campaign will include a range of customer engagement initiatives such as flash sales, brand days, anchor deals and interactive activities designed to enhance the online shopping experience.
Special highlight periods, described as Explosion Days, will take place on March 6 and March 13, featuring limited-time offers across selected technology categories. Customers will also be able to participate in interactive activities, including product-based games, treasure hunts,, and live shopping sessions during the campaign period.
The campaign will feature participation from leading brands including Oraimo, Silver Crest, Samsung, Ecoflow, Nivea and Aeon, offering customers a wide selection of technology, household and lifestyle products. Early access promotions already begun during the teaser period from February 16 to March 1, allowing customers to preview selected deals ahead of the official launch.
Jumia Tech Week forms part of the company’s broader strategy to expand e-commerce adoption by improving access to essential products and enhancing the customer experience across its platform. As Nigeria’s e-commerce market continues to grow, Jumia remains focused on strengthening its product assortment, logistics capabilities, and digital experience to serve customers better nationwide.
Customers can participate in the campaign by using the Jumia mobile app or visiting the Jumia website and following the conversation online using #JumiaTechWeek.
E-Business
House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

Nigeria Deposit Insurance Corporation (NDIC) pays between ₦2 million and ₦5 million as deposit insurance to customers of liquidated banks, Managing Director Thompson Oludare Sunday told the House Committee on Insurance and Actuarial Matters during 2026 budget defence.

NDIC
House Spokesperson Akin Rotimi Jr sought details on depositor entitlements, citing Heritage Bank’s June 2024 collapse and public concerns over financial confidence.
Sunday explained NDIC’s mandate: banks pay risk-based premiums (now under 1%, down from 15/16 of 1%) to guarantee deposits. Coverage is ₦5 million for deposit money banks, primary mortgage banks (PMBs), and microfinance banks (MMOs); ₦2 million for other financial institutions.
Using BVN, NDIC auto-pays guaranteed sums without visits for amounts up to the limit. For Heritage, post-revocation, NDIC liquidated assets—selling buildings, recovering loans, realizing investments—and paid a second ₦24.63 billion dividend on January 6.
“Anything above ₦5 million or ₦2 million depends on recoveries,” Sunday said, noting ongoing asset sales and debt chases.
Committee Chairman Ahmed Jaha Babawo commended the clarity, noting the limit rose from ₦500,000 to ₦5 million recently. Over 90% of Heritage depositors got insured sums in under four days, meeting International Resolution Deposit (IRD) standards.
Babawo added liquidation dividends would be discussed in executive session.
E-Financial3 days agoIran-Israel-US Conflict and CBN’s FX Gains: A Stress Test for Nigeria’s Monetary Stability
E-Financial3 days agoMutual Benefits Assurance Reaffirms Full Regulatory Compliance, Enhanced Governance
General News3 days agoJAMB Uncovers AI-Driven Fraud Targeting UTME Candidates, Warns Parents
General News3 days agoSERAP Asks FCCPC to Investigate Google, Meta, Others over Alleged Rights Abuses
Telecom2 days agoSunil Bharti Mittal Conferred GSMA Lifetime Achievement Award for Transforming Global Telecommunications
News3 days agoTeamApt, Awabah Partner to Boost Pension Drive for Nigerians
News3 days agoFlashChange CEO, Bidemi Oke, Urges Startups to Build Strong Governance Structures Early
Telecom2 days agoWhy Digital Trust Matters: Secure, Responsible AI for African SMEs?


















