Connect with us

E-Business

Carmudi Covers 85% Car Online Listing Market in Lagos- Muoneke

Published

on

Amy Muoneke, the managing director, Carmudi (Nigeria
Kindly share this post

Amy Muoneke, the managing director, Carmudi (Nigeria) in assessment of the success story in Nigeria, said that the platform is gradually assuming a household name status as users now cut across different strata in the society.

Muoneke told Nigeria CommunicationsWeek that they are at a stage were dealers now call-in to list cars online, which “is a very big milestone for us. It means that the product is working. It means that people are willing to associate their self with us. When people say they sold through Carmudi it means that they are willing to pay their monthly subscription. They have seen the product and the benefit and they are comfortable to be associated with this brand”.

On the level of acceptance by car dealers, she said, “If 10 is the highest, we are around 8.5 or 9. I rate that because we have covered 85% of the dealerships in Lagos. We covered Berger market in terms of inventory we have on the website. Everybody in Berger market is on the Carmudi platform. Now we move to the next stage of making getting money for their subscription”.

Search trends noticed on Carmudi Nigeria, she said, “From November of last year we have ranked higher than our direct competitor when it comes to domain ranking.

Fraud in online business: carmudi’s proactive measures, Muoneke added, “We don’t collect money on the Carmudi website or do any form of payment. Any form of payment is done directly to the bank so that first of all cuts off a huge chunk of fraud from us. We direct all payment including the individual sellers to make payment to the bank. We also advice that car buyers visit the car dealership to see the car. What we provide on our website are the pictures, dealer name, address, phone number and emails. In addition to that we have partnerships with certified auto mechanics to offer pre vehicle purchase inspection.

Speaking on the Carmudi’s partnership with Autobox, the MD said, “For us we partnered with Autobox in a quest to become a household name. To become a house hold name you need to become a one stop shop for all automobile. We have cars, car care tips, certified mechanics, insurance and finance”.

The Auto Policy, The Government, The Forex & The Auto Market in 2016
“There hasn’t been any clear indication about a change in the policy by the government so as long as there has been none we will work on what we had last year.  There will be growth. “Presently there is a slowdown in the rate of car importation and the fluctuating of the dollar so there will be some teething problems but there will be improvement.

On the fate of carmudi in era of automobile policy & manufacturing of new cars, “On Carmudi we have something for everyone, from the guy who wants to buy a used Toyota Corolla and a guy who wants to buy a Mercedes.  We have dealers of news cars and used cars. Out platform is a place where anybody can visit and get a car within their price range.

Expand Plans: “For now u think we are present in every region that has huge clusters of car dealers. If in the future we find another huge cluster in a state we are not yet present then we will make our presence felt there.

On competition, said, “We will keep doing what we are doing. Our plan is to leverage on partnerships that will add value to the car buyers. It is to constantly add value to the dealers.

While admitting that Nigerians are very price sensitive, the Carmudi boss added “We can’t rally narrow down the price. We can only look at the most search brands. For the opast 3 quarters, the top four brands searched for on Carmudi Nigeria website is Camry, Corolla, Highlander and Mercedes. People also search for saloon cars more than SUVs.

Dissemination of Information on Insurance
“We have partnership currently with Custodian and are looking to expand on this not just including sales of insurance services but also educating the car buyer on the type of insurance and importance of insurance”.

Muoneke also spoke on the lack of skills as an issue in the ecommerce sector, adding that the ecommerce sector is new, but acknowledges that there are some certain skills that are needed. “But you have to understand that the ecommerce sector needs dedicated and smart people not just people with big cv’s or job experience.

While assessing the Nigeria’s ecommerce space, she said, “Wonderful. When I went to Ibadan I met a dealer who was telling one of his workers to bring out a car and clean it that someone was coming from Abakaliki to buy it and has already paid 50% of the money. Just look at the distance. If not because of E commerce there is no way the person in Abakaliki would have known about the dealer in Ibadan”.

She however, said Carmud is currently focused on driving penetration hence “We have over 170 million Nigerians and our aim is to get at least 10% of that population visiting and buying their cars via Carmudi Nigeria. E commerce is changing the lifestyle of people and we hope to ensure that this changes happens on both the dealer and customer side”.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

Published

on

Kindly share this post

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.

According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.

In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.

The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.

Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.

“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.

The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).

The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.

Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.

Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”


Kindly share this post
Continue Reading

E-Business

Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Published

on

Kindly share this post

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


Kindly share this post
Continue Reading

E-Business

Nigerian Terra Industries Secures $11.8m for Expansion

Published

on

Kindly share this post

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


Kindly share this post
Continue Reading

Trending