General News
Carmudi to Dominate Nigeria’s Online Auto Market-Keller

Christian Keller, managing director, Carmudi Nigeria & Ghana, graduated from University of Mannheim, Germany, and holds an MBA from Portland State University, USA.
Prior to joining Carmudi, he worked in corporate strategy at Swisscom and in management consulting at Arthur D. Little and IBM in Europe with a focus on ICT and automotive industries.
He shared Carmudi’s vision for the Nigeria’s automobile market with peter ugwu.
Carmudi.com
Carmudi is Nigeria’s leading online vehicle market place. It functions as a hub that connects buyers and sellers of cars, tricycles and other mobility in that category.
So, if you are looking for a car, you will find, at the moment, over 35,000 unique listed cars on the website. For instance, if you are searching for Toyota Camry of a particular price range, colour, you will find a vast amount of them on our site.
Based on our findings, for a long time, Nigerians have been made to drive around major cities all in search of the right car to suit their budget and taste, but since the emergence of Carmudi.com.ng they are able to sit in the convenience of their homes, offices or any other locations and search through thousands of new, used (Tokunbo) and Nigerian used vehicles to buy – all quality-approved.
Now, they have a choice and no longer restricted to car sales in their immediate environment and to the dealers they already know well, as we have taken time to attract a large population of independent car dealers and individual car sellers to our site and verify all these dealers and sellers in a bid to build a large car market network and strengthen trust which is commonly lacked amongst buyers and sellers. In the past, people had to reach out to friends and it takes some months to get them purchase a car.
Uniqueness Of Carmudi App
It is less than a year that we launched in Nigeria and we already have most of the cars that are for sale in Nigeria on carmudi.com.ng.
So, it has been a huge adoption in the market. In the beginning, it took some months to convince the professional car dealers to list on our site.
The challenge was how we could convince those that have not used the internet before to place their cars on our site.
So, we used a team of enthusiastic young car lovers to reach out to them; preaching the good news of the internet.
We made them to understand the importance of going online. It was a very big plus to us, because we have become internet evangelists, harping on the need to adopt the platform which has become home for all.
So, our team moved, had discussions with them and that helped us to get have enough interest to first of all visit our site and get firsthand knowledge on the message we brought to them.
Subsequently, we saw them coming to enlist; many did that from their sales outlets using their devices.
Connecting Buyers And Sellers
We simplified the process; making buying easier and better. Now, with car inventory of over 35,000 unique vehicles and an average constant new addition to inventory of cars, trucks and buses in a month, a potential buyer can buy a car that has been certified by auto experts and workshops.
As you continue with the transaction the assurance is that this is the first of its kind in Nigeria; full auto expert reports and history of your Nigerian used car.
The buyer will just browse through our list of dealers and sellers who offer purchase support and incentives such as: warranty, price negotiation and installment payment. One thing is clear; we do not charge you to access dealer or seller information.
Importance of Carmudi to Sellers
Of course, they are quite important, because they are the ones to make available list of cars for sell with the specs.
So, as a dealer you no longer need to park cars by the road side and put a plastic bottle on it. From the comfort of your home all you need to do now is to take three easy steps: Take a photo. Post it. Sell. It is simple.
Take very clean and nice photos of the vehicle; write up a nice advert of your car, with a good and clear description to give buyers a good idea of what they are getting into, and post it right away; then have buyers contact you and sell it. So, you can put the car on Carmudi and based on the potentials, you can sell as quickly as possible.
Mechanism for Verifications and Guard against Fraudsters
Apparently, one of the reason people were skeptical about embrace e-commerce was the issue of fraudsters; people masquerading as genuine to either tap others’ data or tap into their financial records, and this time, posing as real car dealers to defraud people.
One thing is that we do not compromise standards, because the integrity of our platform will be called to question should we compromise.
At Carmudi, we know that customers are concerned about that. I make bold to say that we do not accept scams on our website. Our team is on ground, moving round the streets to actually take photos of the cars that are uploaded.
The quality assurance team (QST) ensure nothing about the car is fraudulent or below standard. As people are uploading on their own, the quality assurance team also does background checks such as calling to confirm biography given by the person. This also guides in ensuring the car actually matches the price.
Connecting Non-Internet Compliant Car Dealers
The way we make money is that we charge small amount of fee from professional car dealers. But if we find out that in the beginning we need to give the space on free-trial to them, to have first-time experience, we do that.
Testing will always convince them; by doing that we have been able to bring most of them online. Most importantly, when they post or list their cars online and get patronized by potential customers, it is evidence to them that online marketing or transactions are real.
Some time, referrals help to market us. People who have gone through the seamless process go to town to inform others. That is the beauty of the internet.
When you are genuine there is nothing to fear about e-commerce. Likewise, the customers, they have nothing to fear. We usual advice them on the processes and things to look out for while buying certain categories of car through our carmudi online journal too.
We found that education is key in this aspect of business as well. At time, people buy out of persuasion from friends or relatives, but there are critical decisions one has to make before buying any brand of car.
The Tide of Competition
There is a vast of sites with some car listed on them, that is the basic truth, but that does not mean it is the business they are set out to do.
Carmudi is the premium cars website, dominating the space and become a house-hold name. To us, every listing is unique; there is no room for complicity.
Our quality assurance is there to ensure high level of compliance by both parties. We work hard every day that all vehicles listes are actually genuine and for sale. Our great customer care representatives will be happy to help you in case of questions.
Impact on Internet Penetration
Internet penetration is key in this kind of start-up (business). Although, it is still on the rise in Nigeria, however, we have seen a shift towards usage.
We just launched the Carmudi App, where you can have over 35,000 cars in your pocket. You can browse it from anywhere at your convenient anytime. So, we hope to leverage on the increasing internet penetration in the country.
Adoption Rate Outside Lagos
We have people all over Nigeria, including the major cities, Lagos, Abuja and Port Harcourt. However, Lagos remains the location in Nigeria where most cars are imported into and people come from far and near to buy cars.
General News
NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.
She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.
According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.
According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.
She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.
Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.
NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.
Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.
The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.
NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.
The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.
NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.
The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.
The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.
NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.
General News
PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.
Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).
In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:
“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value. I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.
She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”
The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.
Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”
In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”
“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”
Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”
Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.
“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.
So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.
General News
Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS, has unveiled a suite of artificial intelligence innovations poised to transform Nigeria’s financial services industry, aligning with recent Central Bank of Nigeria (CBN) directives on consumer protection and fraud prevention.

Optimus AI LABS
Basamta, speaking at a media parley in Lagos, said the company’s flagship product, Omnis, is redefining customer engagement in banking by serving as a virtual assistant embedded within mobile applications.
According to him, the platform is capable of analyzing customer behavior to recommend tailored financial products, effectively functioning as a “digital salesperson” that boosts bank revenues while enhancing customer experience.
He noted that Optimus AI LABS, which began as a modest startup targeting small businesses such as schools, has now identified greater opportunities in serving banks, fintechs, and microfinance institutions.
“The financial sector presents the biggest opportunity for AI to deliver value at scale,” Basamta said.
In response to rising fraud concerns and new CBN regulations mandating resolution of fraud cases within 14 days, Basamta highlighted the company’s AI-powered support platform designed to address customer frustrations over delayed assistance.
The system, he explained, interacts naturally with users, resolves issues promptly, and escalates unresolved cases, thereby strengthening compliance and improving customer satisfaction.
Basamta also recounted the firm’s global expansion, citing its work with Canadian clients, including the development of a dental learning environment for a major dental group.
He said this international footprint demonstrates Nigeria’s capacity to compete globally through homegrown innovation.
Reflecting on the company’s relocation into office space formerly occupied by KUDA, a fast-rising Nigerian fintech, Basamta expressed optimism that Optimus AI LABS is on a similar trajectory toward scaling into a major industry player.
He emphasized that the company’s growth would contribute not only to technological advancement but also to national development.
Basamta concluded by appreciating partners and stakeholders, stressing that “big things can emerge from small beginnings when powered by AI’s transformative capabilities.”
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