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Carmudi.com Shows Hazards of Purchasing Recalled Cars

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Carmudi Nigeria, an online marketplace where vehicle buyers and dealers meet, in its public enlightenment scheme, shares insight on the risks of purchasing recalled cars and gives advice on what to do when your car is recalled.

For instance, on the 26th of September, Ford announced a major recall of 850,000 vehicles from model years 2013 and 2014 due to a problem with the “restraints control module.”

According to Ford, a short circuit could develop in the module, causing the airbag warning light to illuminate.

In more severe cases, as showed that Wall Street Journal, dependent on where the short develops, the airbags and seatbelt pre-tensioners may not work in the event of an accident.

The problems can be more wide-ranging than that, too, as systems that rely on information from the control module, such as the stability control can be affected.

Among the Ford brands, Ford Explorer, Escape and Ford Edge are popular Nigeria. Although only the Escape crossovers 2013/2014 are among the brands recalled by the automaker other brands like the Fusion Sedans and C-Hybirds may find their way into Nigeria.

This year also Japanese car manufacturer Toyota recalled an additional 650,000 cars Corolla, Camry Yaris and Vios.- all in Japan – in addition to those recalled last year over a defect in passenger airbags.

The additional recall placed the number of the all cars recalled just over 2.79 million.

Sometimes due to ignorance or over sight many of such cars have made its way into the African auto market and eventually the Nigeria market before the recall and even after it?

It was documented that Toyota Hiace YH3 buses were recalled in Australia as a result of fire in 1990 and recently in 2012.

The 1990 safety recall closed August 26, 2010, the period Nigeria started recording high Toyota Hiace crashes involving fire incidents giving proof that most of these recalled cars make their way to Nigeria.

This is an issue because just last year, the Federal Road Safety Corps again raised alarm over the high rate of Toyota related crashed and accidents and even went as far as writing to the Managing Director, Toyota Nigeria calling his attention to the high rate of crashes and fires involving Toyota automobiles.

He said the study indicated that road traffic crashes involving buses had been on the increase since 2007 and that available data showed an average yearly increase of 126 crashes involving Toyota Hiace buses, representing 48 per cent of the total number of buses involved in accidents.

While that of Austria might be able to dissuade the public from purchasing the brand affected, the defect of the Japanese model may be overlooked by buyers as the defective part which “could cause the airbag inflator to rupture and deploy the airbag abnormally in a crash” may come across as ‘not important’.

According to Carmudi, but in a situation of crash, the airbags are a very important component of the car when it comes to surviving a car crash.

To avoid been stuck with a car which has been recalled, Carmudi said, it is important to do your research before you buy any car.

Your research should include the possible defect, general problem of the car like transmitting issues, battery durability, electrical faults etc.

It also important to have an idea of the fuel consumption of the car and how stable the car’s center of gravity is.

But if you are unlucky to buy a car that gets recalled, don’t panic. Just follow the following steps.

Understand the reason behind the recall of your car.

Inform your car dealer and take the car back to the dealership where you bought it or the nearest show room.

Complete all the necessary paper work and make sure all your car documents are complete because you have to hand this over too.

Do not sell your recalled car to any person as it may end up endangering the life of the driver and the public.

Carmudi Nigeria is Nigeria’s number one premium online market place it deals with New, used and Nigerian used cars.

With Carmudi.com.ng Nigerians have been able to sit in the convenience of their homes or offices and search through thousands of new, used and used vehicles and buy cars.

 


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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.

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StarNews, Global Black Economic Forum Launch Business Competition In Partnership with MTN & USAID

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Africa’s leading video streaming platform, StarNews Mobile and the Global Black Economic Forum (GBEF), have announced a call for applications for the launch of their Business Competition in Lagos, Nigeria.

Held in partnership with MTN and United Nations Agency for International Development (USAID), the initiative will empower Nigeria’s most promising businesses that are classified as Small-Medium Enterprises (SMEs) with invaluable investment and partnership opportunities from the USA.

Held over 10 weeks between April 8th to June 14th, hosted exclusively on the StarNews Biz Channel on the StarNews platform, this competition offers a platform for emerging entrepreneurs to showcase their ventures and gain national visibility.

With subscribers voting for their favourite candidates, the top 20 contestants will seize the spotlight and make their mark on the business landscape.

The StarNews Business Competition in partnership with GBEF delivers a unique opportunity for thriving Nigerian SMEs to access mentoring, funding, partnerships and socio-economic development tools through the Global Black Economic Forum.

With the prospect of securing cash prizes through StarNews worth up to NGN5,000,000, getting access to StarNews’s network of investors and the opportunity to gain national visibility by having their business on the StarNews web platform.

The top three winners will also receive coaching from GBEF’s Academy for Advancing Excellence and become part of GBEF’s ecosystem of global leaders committed to social and economic justice across the Black Diaspora.

Previous speakers at GBEF convenings from the entertainment sector include Wyclef Jean (Haitian Musician & Activist), Debra Lee (Former CEO of Black Entertainment Television – BET) and Ceci Kurzman (Founder of Nexus Management Group). Applications will close on April 5th 2024.

Speaking on the competition’s launch, Guy Kamgaing, Founder and CEO at StarNews Mobile, says “The StarNews Business Competition is a passion project close to our hearts at StarNews Mobile.

It’s about discovering the most promising business entrepreneurs and creators in Nigeria, opening up global opportunities for them and providing them with the resources and tools to achieve their goals.

By partnering with MTN, USAID and GBEF, we want to be a platform of empowerment for these SMEs by helping them give back to the communities that are supporting them.”

According to the US Embassy and Consulate for Nigeria, over 80% of Nigerian startups are incorporated in the United States and more than 60% of venture capital funding in Nigerian startups accounted for by the US.

In 2023 alone, Nigerian startups raised a total of $398mn however, this signalled a 66% funding decline compared to 2022 due to the global economic downturn, reinforcing the massive need for a fresh injection of capital and business support for Nigeria’s emerging SMEs.

Alphonso David, President and CEO of the Global Black Economic Forum notes that, “Our partnership with StarNews Mobile is a critical resource as we continue to build the collective strength of entrepreneurship across the Diaspora.

“Building a sustainable ecosystem of Black entrepreneurs in the United States and across the African continent is essential to create a future that makes economic opportunity and economic freedom a reality for all.”

A sister company to ESSENCE, GBEF advances its work by convening global summits and conferences, bringing together world leaders, business leaders, entrepreneurs, celebrities and civic leaders to address the most challenging problems facing our communities.

GBEF’s Academy for Advancing Excellence facilitates workforce and leadership development strategy, addressing the talent pipeline & employee lifecycle, providing leadership development & coaching, and conducting institutional assessments & research.

GBEF also develops and implements economic and social justice policy recommendations with partners ranging from civil and human rights organisations to government entities and corporations that advocate for economic opportunity, social justice, and health equity through thought leadership, advocacy and litigation.

Launched in 2017, StarNews Mobile empowers African content creators with the unique opportunity to monetize their work through a subscription model, boasting over 4 million subscribers and a thriving community of more than 120 content creators.

With a strong presence across six countries including Cameroon, Nigeria, Côte D’Ivoire, Congo, Benin and Ghana, the platform has also established key partnerships with major telecom operators such as MTN and Orange.

To-date, StarNews Mobile has secured over $8mn in funding with its most recent raise – a $3mn pre-Series A funding round in October 2023 – led by Janngo Capital with participation from French football players Aurélien Tchouaméni, Jules Koundé and Mike Maignan.

 


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Companies Invest More than $100,000 Yearly to Upskill their Cybersecurity Teams – Study Reveals

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Over 70% of businesses pay more than USD $100,000 for additional training annually to keep skills of their cybersecurity employees up to date, a recent global Kaspersky study has revealed.

However, the surveyed companies also highlighted that there was a lack of relevant courses covering new challenging spheres in the educational market and stated that training does not always bring them the expected result.

In its recent study ‘The portrait of the modern Information Security professional’, Kaspersky examined the topic of the global cybersecurity staff shortage, analysing the exact reasons businesses lack cybersecurity experts, and identifying the ways they evaluate and upskill their cybersecurity workforce¹.

According to the research, companies are investing significant amounts in upskilling their cybersecurity teams: 43% of organisations globally say they usually spend between $100,000 and $200,000 per year on information security courses, while 31% even invest over $200,000 for training programs. The remaining 26% state they usually pay less than $100,000 for educational initiatives².

However, cybersecurity practitioners also note that the educational market is struggling to keep up with the rapidly changing industry and fail to deliver the necessary training programs on time.

Survey results for the Middle East, Turkiye, Africa (META) region shows that the scarcity of courses covering new challenging spheres (48%) was the main problem for those searching for cybersecurity training.

50% of respondents from the META region also stated that trainees tend to forget what they learned because they had no opportunity to apply newly acquired knowledge, therefore the courses were useless to them.

The need for special training pre-requisites such as coding and advanced mathematics, which were not specified at the pre-registration stage were also problematic for 37% of practitioners from the META region.

“With a constantly evolving threat landscape, businesses should continually improve the skills of their cybersecurity personnel in order to be well prepared for sophisticated cyberattacks.

“Developing high-profile specialists within the company and building internal expertise can be an effective strategy for organisations that aim to retain existing employees and allow them to grow professionally, instead of constantly hunting for new candidates and checking their professional backgrounds and practical skills.

“For organisations served by Managed Service Providers it is also important to maintain a pretty high level of expertise internally and use the same language when discussing the scope of services and Service Level Agreement with them,” comments Veniamin Levtsov, VP, Center of Corporate Business Expertise at Kaspersky.


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Heirs Insurance Launches User-friendly Website for Stakeholders

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Heirs Insurance Group, Nigeria’s fastest growing insurance group, has launched a new website that delivers the most user-friendly insurance experience in the industry.

Heirs Insurance Launches User-friendly Website for Stakeholders

In addition to its features that aid simple navigation, the website also personalizes the insurance experience taking customers through a short journey that enables them to make decisions quickly on the best insurance plan to support their personal and business success, or access competent insurance advisors to speak with.

According to Ifesinachi Okpagu, chief marketing officer, Heirs Insurance Group, the website, www.heirs insurance group.com, embodies the ethos of the brand: the delivery of simple, quick, and accessible insurance service that delights customers and brings the uninsured much closer to taking up insurance plans.

She said: “Today’s customers want simplicity and this new website delivers on that request, ensuring that people find the right insurance solutionsfor their needs in a few minutes. We are empowering customers to take control of their lives, their businesses, assets, and their most cherished people.” Heirs Insurance Group has been at the forefront of pioneering a new era of insurance solutions since its launch with the roll-out of various initiatives including a seamless mobile app, USSD; Prince, its intuitive chatbot; InConnect, its partnership portal Digital Experience Centre; and more. With the launch of this website, Heirs Insurance Group solidifies its position as the leading digital insurance company in Nigeria, democratising access to insurance for all.


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