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
Pawnith Appoints Martina Ogbebor as Managing Director to Lead Strategic Launch into Nigeria’s Fintech Ecosystem

The Board of Directors of Pawnith Limited has announced the appointment of Martina Ogbebor as Managing Director and Chief Executive Officer. The appointment coincides with the official launch of Pawnith as a sophisticated new entrant in Nigeria’s financial services and alternative investment landscape.

Pawnith Limited is a technology-enabled financial services platform established to address critical gaps in access to capital by delivering transparent, dignified, and scalable financing solutions.
The Board confirmed that Ms. Ogbebor’s appointment is central to a long-term strategy that combines the operational rigor of traditional finance with the speed, efficiency, and innovation of modern fintech.
Ms. Ogbebor brings over 15 years of senior leadership experience across the telecommunications and digital infrastructure sectors, where she has led brand transformations and nationwide revenue growth initiatives.
Her appointment signals Pawnith’s intent to build a high-trust financial institution anchored on strong governance, regulatory discipline, and long-term value creation.
“The Board is confident that Martina’s experience in building high-trust, regulated brands positions her uniquely to lead Pawnith at this critical stage,” said the Chairman of the Board.
“Her mandate is clear: to establish a disciplined capital platform that delivers rapid access to funding while upholding the highest standards of ethics, risk management, and corporate governance.”
Under Ms. Ogbebor’s leadership, Pawnith is launching a multi-segment capital model designed to evolve into a comprehensive financial services and alternative investment ecosystem.
The company’s initial portfolio spans personal credit solutions, offering short- to medium-term loans for salaried professionals with transparent pricing and rapid disbursement, alongside SME and business lending focused on working capital and growth financing to help entrepreneurs stabilise cash flow and scale operations.
The portfolio also includes asset-backed lending, providing secure, collateralised facilities that support fair valuations and flexible liquidity, as well as structured lending through a forthcoming private credit arm aimed at delivering institutional-grade financing to growing enterprises.
In addition, Pawnith offers private equity investment solutions, providing strategic growth capital to select businesses and partnering with founders to drive long-term value creation, stronger governance, and operational scale.
Pawnith’s digital infrastructure prioritises speed, security, and control. The platform features secure onboarding, automated Know Your Customer (KYC) verification, and structured repayment tracking to ensure a seamless and compliant experience for both individual and corporate clients.
“Pawnith is being built as a disciplined financial platform—one that customers, partners, and regulators can trust,” the Board added. “We are not a quick-win lender; we are building a cornerstone institution for Nigeria’s evolving credit and investment market.”
General News
PalmPay Deepens Its Long-Term Commitment in Nigeria with New Office @ Yaba

PalmPay has opened a new office at 33 Old Yaba Road, Lagos, reinforcing its commitment to innovation, customer service, and operational growth in Nigeria.

The new office represents a continued investment in PalmPay’s people, operations, and infrastructure, supporting the company’s ability to deliver reliable financial services at scale. Designed to accommodate PalmPay’s growing team, the workspace enables closer cross-functional collaboration while strengthening service delivery nationwide. Located in Yaba, one of Lagos’s most established commercial and technology corridors, the office further anchors PalmPay within Nigeria’s innovation and financial ecosystem.
Speaking at the office launch, Managing Director Chika Nwosu highlighted that the new workspace reflects PalmPay’s long-term vision and dedication to excellence. “This new office represents an important step in our growth journey and our commitment to building secure, reliable, and inclusive financial solutions for our users,” he said.
The launch event was attended by PalmPay’s leadership team, employees and customers, who toured the facility and marked the company’s continued growth and progress.
With the opening of its office at 33 Old Yaba Road, PalmPay continues to strengthen its presence in Nigeria and reaffirm its mission to drive financial inclusion through innovative digital solutions.
PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
General News
NAHCO Signs New Ground Handling Deals

The Nigerian Aviation Handling Company Plc has announced the signing of a chain of contracts with major airlines for the provision of total handling solutions.

In a statement on Tuesday, the company announced the signing of contract renewals with Air France, KLM and Virgin Atlantic, as well as the African operator, RwandAir.
NAHCO also signed fresh contracts with United Nigeria – Regional, Bellagio and Malaikair.
According to the statement, the contracts with Air France and KLM are for three years and will run till 2028, respectively. The duration of the contract with Virgin Atlantic was also put at three years.
The duration for the RwandAir contract is for three years, effective 1 October 2025.
The statement read, “The new contract with United – Regional would be for a period of five years, effective from 1 August 2025. For Bellagio and Malaikair, the contracts are for three and five years, respectively.
“Bellagio Air, Nigeria’s rising star in aviation, is redefining air travel with a blend of luxury, efficiency, and reliability. Headquartered in the vibrant city of Ikeja, Lagos, Bellagio Air is committed to providing world-class service across key domestic and regional routes.”
The Group Executive Director, Commercial and Business Development, NAHCO Plc, Saheed Lasisi, who expressed his delight with the new contracts, said NAHCO is already ready to exceed customers’ expectations.
According to Lasisi, NAHCO’s more than 46 years of unblemished excellent service delivery puts it heads and shoulders above any other service provider in the industry.
“This is what we have been doing for almost half of a century. We will continue to delight our customers and make our stakeholders happy by exceeding expectations in all aspects of our service offerings. We are always willing and ready to do more,” Lasisi added.
The Group Managing Director/Chief Executive Officer, NAHCO Plc, Olumuyiwa Olumekun, added that with the new fleet of equipment the company is deploying, service delivery will only be better.
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