E-Business
IZZY Parts Unveils Online Portal for Nigeria Market

Izzy Parts launched into the Nigerian market with the unveiling of its domain www.IzzyParts.com in Lagos. With headquarters in the U.S., Izzy Parts is an online auto parts marketplace that allows African consumers to access high quality products from several original parts manufacturers around the globe.
With the launch of the online spare parts platform, it is expected that the challenges previously faced by vehicle owners in procuring genuine spare parts in the country will be eliminated completely.
Speaking at the unveiling of Izzy Parts in Lagos, Collins Udeme, head of Media & Communications of Izzy Parts, said the concept of creating an online auto marketplace was borne out of the company’s desire to bridge the gap between manufacturers of genuine automobile spare parts and the end users in Nigeria.
Udeme who said that Izzy Parts entered Nigeria to improve the after-sales services in the country through sales of genuine auto spare parts sourced from reputable auto firms in the U.S., added that Izzy Parts has already built a catalogue of over 550,000 auto parts and accessory items from a variety of the industry’s top brands; offering high-quality products at favorably discounted rates with warranty.
“Currently, the Izzy Parts retail platform is developed, tested, operational and available for market introduction. Purchases can be made with any of the major payment-processors. Our delivery is top quality as we are in partnership with Fedex and Bongo International,” the media head hinted.
Explaining why there are substandard auto spare parts in the country, Udeme said: “We have done our research and come to the conclusion that ubiquity, affordability and a lack of alternatives are what create a market for sub-par spare parts. We therefore aim to fill this void as a way of discouraging the menace of fake spare parts both in the country.”
He added: “Overall, it’s Izzy Parts’ goal to sustain growing sales yearly; becoming the leading auto parts platform throughout Nigeria and neighboring countries. To meet this goal, Izzy Parts seeks to build a successful auto parts pipeline by implementing logistics between two company warehouses (the U.S. and Nigeria). These warehouses will have been built by December 2018.”
According to Udeme, Izzy Parts will, during its operations, transact business ethically and professionally, holding its representatives to a high standard of operational excellence and unmatched customer service.
He reiterated Izzy Parts’ commitment to become the leading distributor of auto parts throughout the region by providing a consistently positive customer experience, guaranteed quality products with warranty, sound logistics and swift out-the-door delivery.
On the new auto policy of encouraging local manufacturing, Udeme pointed out that Izzy Parts has plans to key into the new auto policy and is ever ready to act as middleman for local manufacturers of spare parts and the Nigerian populace when the time comes.
Commending the efforts put in place by Standards Organisation of Nigeria (SON) in terms of equipment upgrade to check substandard products across the country, Udeme pledged that Izzy Parts is ready to cooperate and partner with other government agencies that regulate the automobile marketing sub-sector.
Izzy Parts Limited is the provider of new, authentic and well-priced auto parts, sourced and imported from the United States. With a vast supplier network and distribution centres located in both Houston (U.S.) and Nigeria (Africa), Izzy Parts has the capacity and logistics to import auto parts of any type, directly from market-leading original equipment manufacturers.
The domain launch attracted key players in the Nigerian automobile sector, captains of industry, media, mechanics, auto dealers, and other stakeholders in the industry.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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