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AfCFTA will Forge Collaborations Among e-commerce Firms on the Africa, Accelerate Growth – Alerzo CEO

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At the just concluded Africa Fintech Summit held in Cape Town, South Africa, Adewale Opaleye, the founder and group chief executive officer of Alerzo posited that the African Continental Free Trade Agreement (AfCFTA) will forge collaborations among e-commerce platforms on the continent and accelerate the continent‘s economic growth.

He made the disclosure during a panel discussion titled “Fintech’s Role in eCommerce, Trade, & Commodities under AfCFTA.” Opaleye argued that for AfCFTA to work, certain structural trade barriers must be reviewed.

“The trade pact is indeed good for Nigeria‘s economy and that of Africa. For it to work, certain structural trade barriers must be reviewed. We have to review the cross border tariffs so that exportation of commodities from one African country to another becomes seamless and more attractive.

“The right trade agreements and right tariffs – both cross border tariffs and taxational cross borders – will effortlessly forge collaborations among e-commerce players in Africa,” he added.

Explaining how Alerzo is leading the charge among its peers by facilitating easy trade for micro businesses in Nigeria, majority of whom are informal retailers, Opaleye said: “we‘re Nigeria‘s leading business-to-business e-commerce platform serving micro businesses and informal retailers in Nigeria‘s retail sector by using technology to solve most of the perennial problems associated with informal retail in Nigeria.

We provide a digital platform for informal retailers to order goods and get them delivered for free between 3 – 4 hours in some cities, and within 24 hours in others.”

“I founded Alerzo Nigeria to address most of the challenges that face informal retailers in Nigeria. I am happy that, in three years of operations, Alerzo has deployed technology in addressing the challenges of the informal retailers who are on our platform.

As a tech-driven B2B e-commerce platform, Alerzo provides warehousing and fulfilment solutions to suppliers while also delivering ordered goods at free cost to retailers. Alerzo has been providing free delivery services to retailers for over two years.

“More than 400 vehicles and 40 warehouses are owned by individual B2B e-commerce firms in Nigeria through which we serve thousands of retailers on our respective platforms,” Opaleye disclosed.

The scope of AfCFTA adequately made provisions for agreement on trade in goods, services, investment, and rules and procedures on dispute settlement, including a range of provisions to facilitate trade, reduce transaction costs, provide exceptions, flexibilities and safeguards for vulnerable groups and countries in challenging circumstances. The pact is anchored on a mission: to create one African market.

It will be recalled that in July 2019, President Muhammadu Buhari signed the trade agreement during the African Union (AU) summit which was held in Niger Republic. Over 52 African countries have since signed the pact.


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E-Business

CAC to Prosecute Business Owners Operating Without Registration

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Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will face prosecution.

In a statement, the CAC emphasized that conducting business without proper registration violates the Companies and Allied Matters Act (CAMA) 2020, undermining transparency and accountability in the corporate sector.

The commission stressed that registration is not only a legal requirement but also a gateway to formal business opportunities, including access to bank loans, government grants, and partnerships.

The enforcement drive will be nationwide, targeting small and medium-sized enterprises (SMEs), online vendors, and informal traders who have failed to comply despite previous awareness campaigns and registration amnesty windows.

The CAC disclosed that enforcement teams, in collaboration with security agencies, will be deployed to identify and prosecute defaulters.

The commission urged business owners to take advantage of its simplified registration platform to regularize their status, noting that compliance will boost investor confidence and improve Nigeria’s ease of doing business. It warned that ignorance of the law will not be accepted as an excuse.

Business owners are advised to act promptly to avoid legal consequences, as the CAC moves to ensure a more structured and regulated business environment in Nigeria.


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NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

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Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from rights holders or their representatives.

NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

The Commission stated that this ensures creators are fairly compensated, supporting the music industry’s sustainable growth.

In a statement commemorating the 2025 World Intellectual Property Day, themed “IP and Music: Feel the Best of IP,” the NCC announced plans to enforce the Copyright Act 2022, which allows for the takedown of infringing materials and blocking of websites hosting illegal content.

Signed by Mrs Ijeoma Egbunike, director of Public Affairs, the statement outlined an aggressive anti-piracy campaign in collaboration with the private sector, targeting the online environment.

Egbunike affirmed the NCC’s commitment to establishing enforceable standards for transparency, digital audits, and real-time royalty reporting to protect creators’ rights. She stated, “The NCC will continue to champion policies that support the growth of the music industry, improve the livelihoods of Nigerian musicians, and foster a culture of creativity and respect for intellectual property.”

Despite the global success of Afrobeats and other Nigerian genres, the NCC noted that many musicians face low royalty returns due to rampant digital piracy.

To address this, the Commission revised its Collective Management Regulations to enhance transparency and accountability among Collective Management Organisations (CMOs).

The NCC emphasised that proper licensing is a legal obligation and vital for Nigeria’s creative economy, stating, “Music must feel the beat of intellectual property for the full potential of creativity to be realised.”

The Commission highlighted that creators’ livelihoods depend on fair royalty compensation.

Recent enforcement measures include the NCC’s designation by the Attorney-General of the Federation as an authority under the Proceeds of Crime (Recovery and Management) Act 2022.

This, combined with the Copyright Act 2022, empowers the NCC to order takedowns and block illegal music distribution websites.


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FG Warns Nigerians Against Growing Threat of Cyber Slavery in West Africa

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The Federal Government, has warned Nigerians against the growing threat of cyber slavery within the West African sub-region.

The Ministry of Foreign Affairs, in a statement issued in Abuja by Kimiebi Imomotimi Ebienfa, acting spokesperson, noted with grave concern the alarming rise of cyber slavery across parts of West Africa, targeting Nigerian citizens, particularly vulnerable youths.

The government said many young Nigerians, including underage teenagers, were lured out of the country under the false promise of lucrative employment opportunities abroad, particularly in crypto-related operations.

According to the government, “In reality, these individuals are trafficked into sophisticated scam operations and enslaved to work in criminal “call centres” — often referred to as “419 cyber-scam factories.” There, they are forced under coercive and inhumane conditions to send thousands of fraudulent emails, text messages, and calls aimed at defrauding victims worldwide.”

The government also noted with dismay, a recent incident where the Economic and Organised Crimes Office (EOCO) in Accra, Ghana, rescued and detained a group of Nigerians forced to engage in cybercrime activities under inhumane conditions.

“This incident highlights the severe exploitation and abuse associated with cybercrime operations. It also underscores the need for enhanced efforts to combat such multibillion-dollar criminal networks and mitigate the susceptibility of victims.

“The Ministry strongly warns all Nigerians, especially the youths and parents, to exercise the utmost caution when presented with job offers, particularly those promising easy money, overseas travel, or remote work involving cryptocurrencies.

“Nigerians are therefore advised to verify all employment offers through official channels and report suspicious cases to relevant authorities for necessary investigation and action to curtail the activities of the perpetrators.

“The Ministry wishes to assure the general public that, as a precautionary measure to address this unfortunate situation, the Federal Government is working closely with regional partners, law enforcement agencies, and international organizations to tackle this heinous crime, rescue victims, and bring perpetrators to justice.

“The Ministry remains committed to protecting Nigerian citizens at home and abroad and will continue to raise awareness about emerging threats to the welfare and dignity of our people,” the statement read.


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