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
Conoil Bonanza Winners Emerge

Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.
A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.
The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.
The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.
General News
PalmPay Couples Show How Love Is Funded Digitally

PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.
Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.
This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.
Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.
During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.
The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.
From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.
One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.
She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.
“The transaction was smooth, fast, and stress-free. In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”
A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”
Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.
From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.
General News
KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG in Africa, alongside the addition of Professor Olayinka David‑West and George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.
“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG in Africa.
He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”
KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.
KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.
Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”
The appointments of Professor David‑West and Mr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.
“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”
News2 days agoNITDA Urges Stronger State Partnerships as Key to Digital Economy Goals @ South-South Stakeholders Forum
Telecom2 days agoGSMA Launches Innovation Fund to Accelerate Green Transition Through Mobile Technology
E-Business1 day agoAfDB, UNDP Launch $10Bn AI Initiative for Africa
E-Business2 days agoFirm Identifies RenEngine Loader Distributed Through Pirated Games and Software
Telecom2 days agoProf. Adeyanju is Strengthening Nigeria’s Digital Backbone for a Connected Future in Two Years of Purposeful Leadership
E-Financial2 days agoTAJBank Secures A1 Ratings from Agusto, Datapro
E-Financial2 days agoFidelity Bank Launches HerFidelity Apprenticeship Programme 2.0 to Boost Women Entrepreneurship
Broadcasting2 days agoSpotify Marks 5 Years in Nigeria with 163.5% Listening Surge, Afrobeats Boom

















