E-Business
Carmudi With Android App Launch Targets C2C Interface

Carmudi, Nigeria’s leading car-site has again brought convenience to its users with the unveiling of an android app, which is even a customer to customer (C2C) interface enabler.
This milestone comes barely two months after Carmudi celebrated its one year anniversary and website re-launch.
Expatiating the convince the app offers the users, Christian Keller, managing director of Carmudi Nigeria said, “With four easy steps you can have your car up for sale in less than 2 minutes with the use of the Carmudi Android app.
“All you need to do is download the app, go to the menu and click on the link that says ‘sell your vehicle’.
“That allows you to upload your car details, images and contact information. And voila, your car is ready for sale.
He further stated that sellers in particular can reach millions of interested buyers in just a few seconds without going through the hassle of putting adverts in the papers or spreading the word among friends.
He said that what makes it even better is that this service is available in 10 languages including English, Arabic, Bahasa Indonesia, Bengali, French, Spanish, Sinhala, Tamil, Vietnamese and is absolutely free.
Keller, said “With the app, selling your car is no more waiting for months to get the right kind of buyer and no more visiting a plethora of car dealers to get your resale’s worth. With more than xx million Nigerians using eligible Smartphones, everyone will be able to use Carmudi through their mobile phones.”
In a video chat with pressmen based in Lagos during the app launch, Nalla Kurananithy, chief product officer at Carmudi, said, the Android App has been designed in a way that it works seamlessly even in countries where the internet speed is relatively slow.
“Our intent is to bring the car selling experience to a whole new level in emerging markets, by providing an extremely smooth and easy-to-use platform,” commented Nalla.
Also speaking, Biodun Makinde, head of Marketing, Carmudi Nigeria, explained that sellers usually get prompt notifications/ alerts about potential customers straight to their Android devices during usage.
“This way, Makinde said, “you can get in touch with buyers immediately and make an active sale. If you are undecided about pricing your used car, you can choose from various options between Drive Away, On The Road and Negotiable prices. This will allow you to meet potential buyers before committing to a final price”.
He added that the high security standard and transparency level that dealers/individual sellers tend to enjoy through Carmudi allows them to secure a trusted stamp among buyers.
“The professional photos, the updated listings, the detailed descriptions, reports and rankings of all the listed vehicles make the selling/buying experience absolutely stress-free.
“Also, the cars listed through the Android app and the website are shared with Carmudi’s social media followers (approx.1 million) to make the selling process even more effective.
“So no more waiting for months to get the right kind of buyer or visiting a plethora of car dealers to get your resale’s worth. If you are looking to sell your car online, simply download the app from the Google Play – it is fast and hassle-free,” he said.
On his part, Fidelis Arumala, head, Sales and Partnership, Carmudi Nigeria, said that Carmudi as a platform has made tremendous achievements in the country in the last 15 months, especially in consumer education and enlightenment.
According to him, the platform currently with established presence in Lagos, Abuja, Kano, Kaduna, Port Harcourt and Benin City, hopes to move to other cities in due time.
He said that Carmudi has seen improvement on the number of car ‘hunters’ who visit the sites on daily basis. He said, “When we started, there were barely 500 visitors to the site weekly, but today we record six to seven thousand daily visitors. That is a remarkable improvement which shows that Nigerians are now buying or making inquiries or selling their cars online.
Nodding in agreement, Makinde said that carmudi used the few months of its operations to ensure that safety is a topnotch in its activities, revealing that they are cementing agreement with security agencies that will help in containing fraudsters from listing cars online for sale.
Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Saudi Arabia, Senegal, Sri Lanka, Tanzania, United Arab Emirates and Vietnam.
The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.
E-Business
NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.
The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.
Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.
“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.
He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.
According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”
He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.
Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.
“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.
He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.
He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.
“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.
The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.
“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.
He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.
E-Business
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance
A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.
The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.
Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.
“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.
With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.
The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).
The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.
It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.
Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.
By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.
As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
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