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
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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