E-Business
Yudala Oils Machine for Annual Neighbour- Neighbour Mega Sales

Yudala, Nigeria’s first true composite retail chain is set to launch the maiden edition of its annual initiative tagged Yudala Neighbour to Neighbour mega sales from September 21 to October 2.
The Neighbour to Neighbour mega sales is an annual event which encapsulates Yudala’s Back to School and Independence Anniversary offer with huge incentives and extended credit terms for shoppers.
According to the details made available to the media, prospective shoppers can confirm orders with a 20% deposit to enjoy a 30-day extended payment period which will be immune to price fluctuations and foreign exchange differentials. In the same vein, members of co-operatives stand to enjoy a 90-day payment window subject to conditions.
According to Mr. Gideon Ayogu, head, Media Communications, Yudala is offering SMEs a unique opportunity to equip their offices at reduced costs while politicians and other Nigerians can also use the Neighbour to Neighbour promotion as a platform to donate to educational institutions or extend gifts to friends and families.
“Yudala is extending huge discounts and mouth-watering deals to individuals, Co-operatives, Associations, Corporates and most especially educational institutions on necessities of life such as mobile phones, tablets, TV sets, Gaming machines, computers, servers, printers, scanners and consumables, among others. Also included is our Consumer Lifestyle range with huge array of kitchen appliances, male grooming items, beauty care products for women, floor care products such as hand-held and motorized vacuum cleaners, Avent or baby care products, Quality Lighting as well as an assorted list of electric irons in our Garment Care section.
“Nigerians are very generous people. In the spirit of the upcoming Eid el Kabir celebration and the country’s 55th Independence Anniversary, Yudala will package a free gift for every order above N50, 000 with which you can show some love to a neighbour, whether at home or in your place of work or business. We have also made it very easy to confirm orders, either online at yudala.com or at any of our stores nationwide including the four outlets in Lagos and those in Ibadan, Asaba, Warri, Enugu, Abuja, Owerri, PH and Uyo. We are also open to visiting organized groups to educate them on their needs while our Call centre will also be live 24 hours during this promo period.”
Mr. Ayogu disclosed that the yearly initiative is in line with Yudala’s mantra of promoting best wishes among Nigerians, with cooperatives/associations, corporate organizations, educational institutions, government establishments as well as individual shoppers on the e-commerce platform and offline stores nationwide enjoying unprecedented deals, flexible payment options and free gifts for their neighbours.
This, according to him, will go a long way in promoting the spirit of brotherhood and benevolence among Nigerians.
“Neighbour to Neighbour provides a unique opportunity for all classes of consumers to take advantage of Yudala’s unmatched deals and wide range of quality product offerings. In other words, there is something for everybody in this massive promotion.”
Yudala enjoys strong partnership and comparative advantage for products from major brands including HP, Apple, Lenovo, Tecno Mobile, INNJOO, Infinix, X-Touch, Wiko Phones, SONY, LG, JVC, Samsung, Yezz, DELL, Philips, ITEL, IBM, Microsoft, APC Schneider, Mercury Cisco, Canon, D-Link and many more in the ICT space, with the company expected to roll out additional product lines such as Consumer Lifestyle, Urbane Fashion, Food, Wines and Spirits, Healthy Living Products, Consumer Electronics and many more in segments soon.
With its headquarters in Nigeria, Yudala which means Best wishes, Peace of mind and Prosperity has carved a niche for itself by being the first organization to combine a real-time online shopping platform with offline stores located in major cities across the country, with further expansion into other major African capitals.
Backed by its multi-pronged yet standardized business model, the company has a bold ambition to dictate the pace and set new milestones for online and offline retail business, with the delivery of world class products and services in every Yudala store and on the online platform.
E-Business
NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.
The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.
Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.
“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.
He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.
According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”
He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.
Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.
“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.
He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.
He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.
“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.
The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.
“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.
He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.
E-Business
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance
A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.
The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.
Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.
“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.
With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.
The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).
The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.
It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.
Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.
By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.
As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
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