E-Business
Konga, eCommerce Giant, Thrills with New Language- Konga Me

If there is one thing Nigerians are united on, it is the preference for quality products and an abhorrence for fake, substandard ones.
Despite a keen desire to extract the utmost value for money when making purchases, the average Nigerian will not hesitate to pay a higher price for a product with the guarantee of genuine quality.
Widely considered a growing industry with the potential to outstrip even the most ambitious projections, e-commerce is a sector where the importance of authenticity or genuine products cannot be over-emphasized.
In 2017, retail ecommerce sales worldwide reached $2.304 trillion, a 24.8% increase over the previous year. This year, revenue in the global e-commerce market is expected to gross $18,850m. Africa’s e-commerce share is currently worth more than $32 billion and estimated to reach $50 billion in 2018.
The projection above means an increased opportunity for e-commerce players in Africa and especially Nigeria, Africa’s largest market, to leverage the expected higher revenue windfall by, not only meeting the demand for more products, but ensuring quality is not compromised – a seemingly tall order that can only be delivered by business owners with the practical intelligence, local knowledge, strict adherence to standards, nous and right mentality to build a brand that will outlive generations.
This is one of the reasons Konga Me is fast becoming a hot fad among quality-focused shoppers.
Developed by Konga, the e-commerce giant that emerged from the merger between Yudala and Konga after the latter’s acquisition by the Zinox Group, Konga Me speaks to the aspirations of every Nigerian to always insist on the best quality.
For the benefit of the uninitiated, the customized dictionary entry below tells the story of a phrase that is quickly catching on in social circles.
/’kɒnɡə mi:/ (BrE, slang) is a new universal language for genuine products only. Used by young ones, adults and trendy youths to differentiate quality products from fake ones sourced from unreliable platforms. Also used to request for quality gifts or favours:
”I passed my exams in flying colours so Mum has promised to Konga me a new phone.”
“Tomorrow is my birthday. Hope you will Konga me?”
“Don’t stress yourself going to the market for a gift. We can Konga the newly-wedded a washing machine.”
synonyms: shop genuine, konga store, buy quality, konga.com
For the average shopper, it is a simple scenario.
“All the noise about best prices or refunds means nothing if you cannot offer me genuine products. What’s the point of a fake item when you can easily get a genuine product at the same price or at a slightly higher figure? In fact, I don’t mind paying a significantly higher cost for a product, device or gadget as long as I am assured it’s of the highest quality or procured directly from its manufacturer. Let’s just say I would rather Konga me than get a fake,” intoned Michael Aderibi, a software engineer.
His point is backed up by that of Juliet Anyanwu, an avid shopper.
“Quality is key. Price is also important but only a secondary consideration. Hence, the essence of Konga Me. Recently, I was celebrating my work anniversary and for those intending to get gifts, I made it clear to them that I would prefer they Konga me. And they all did. What’s more, all the items were delivered in time.”
For savvy shoppers who prefer quality, Konga Me is the way to go…
E-Business
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse

Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws involving students’ personal information.

The investigation follows public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis.
Dr Vincent Olatunji, national commissioner and chief executive officer of the NDPC, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection, processing, use and disclosure of the affected students’ personal data.
The investigation will also determine the respective roles and responsibilities of UNILAG, Lotus Bank and Hackerbella in the alleged processing of the data.
According to the Commission, the investigation will assess the data protection compliance obligations of the parties under the Nigeria Data Protection Act, 2023 (NDP Act), as well as potential risks posed to the rights and freedoms of the affected data subjects.
The NDPC said the probe would cover several areas, including Data Protection Impact Assessments (DPIAs), the lawfulness and transparency of credit scoring or profiling activities, and the use of automated decision-making systems.
It will also examine the adequacy of privacy notices, data-sharing arrangements, lawful bases for processing, data minimisation and purpose limitation.
Other areas include data retention policies and the adequacy of technical and organisational measures put in place to safeguard the rights and personal data of affected students.
The Commission reiterated that institutions entrusted with the personal data of students, staff and other members of their communities have a heightened responsibility to ensure that such information is processed lawfully, fairly, transparently and securely.
The NDPC therefore warned educational institutions that are yet to comply with its existing data protection compliance directives to take immediate steps to achieve compliance.
The Commission said it would continue to exercise its regulatory mandate to protect the privacy rights of Nigerians and ensure that organisations processing personal data comply with the provisions of the Nigeria Data Protection Act, 2023.
E-Business
Microsoft to Unveil Next-generation AI Chip in September

Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
E-Business
X Replaces Revenue Sharing wit New Creator Rewards Programme

X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.

The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
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