News
Carmudi Hits 40,000 Listings, 60% Increase in Site Visitors

Carmudi is on a super-fast track to become the leading car classifieds in Nigeria. The site has reached a series of milestones including 40,000 unique listings on its website and 800,000 Facebook fans, all before it marks first (year) anniversary.
This milestone comes shortly after a well-attended dealer’s forum held by Carmudi in Ibadan chapter which hosted members of the automobile dealers association.
The online marketplace has successfully driven its way into seven cities and is estimated to reach over 10 million users in Nigeria.
Commenting on this achievement, Karl-Johann Sturesson, head of Business Development Africa, stated “The trust we have gained from buyers and sellers across the country is amazing. We are thrilled that Carmudi is getting such wide reception from the majority of professional car dealers, and individual sellers who are now listing on our site – with this, we are now in a better position to give people the convenience they deserve to find their dream car.”
The increase in listings comes with a 60% increase in the number of site visitors over the last 4 months.
Christian Keller, managing director of Carmudi Nigeria, explained: “We have had a busy summer at Carmudi. We needed to ensure we can manage the growth without compromising our quality promise. It is great to see that both sellers and buyers are honouring our passion buying and selling cars more conveniently.”
Carmudi is on its way to becoming a one-stop shop for any car related topic in Nigeria.
Christian Keller pointed that “We are catering to all kinds of users. Be it someone looking for cars, dreaming of cars or in future even seeking advice, tips, or reviews on cars.”
The online platform is clearly extending itself beyond the transactional relationship and engaging with users on a more personal level.
With 25% of Nigeria’s online consumers planning to buy a new or used car in the next two years, it is very likely that Carmudi will turn into the ideal “one-stop shop solution” for every Nigerian household.
The car site www.carmudi.com.ng enables customers to easily find or sell their car, motorcycle or commercial vehicle online.
At the same time, vehicle dealers and agents get a trusted online presence through a personalized webpage.
Carmudi offers diverse vehicle listings, an intuitive website design and high security standards to avoid fraud.
The business platform operates under a high level of transparency through professional photos, updated listings, detailed descriptions, reports and rankings for 100% of its vehicles in each market.
The Carmudi platform helps sellers manage their inventory in a fast, easy and stress-free way.
carmudi.com was founded in 2013 and is currently available in Bangladesh, Ghana, Indonesia, Mexico, Myanmar, Nigeria, Pakistan, Philippines, United Arabic Emirates and Vietnam.
The vehicle marketplace offers buyers the ideal platform to find cars, motorcycles and commercial vehicles online.
News
Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
News
FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
News
AfCFTA Urges Africa to Stop Exporting Raw Materials

Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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