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Njalo.ng FREE online marketplace launches in Nigeria

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Njalo.ng, a FREE classifieds platform that emphasizes safety and convenience to sellers and buyers, has launched operations in Nigeria.

The platform which Started operations on Monday January 06, 2020, promises to empower millions of individuals and businesses in Nigeria with free access to sell anything ranging from smartphones, cars, laptops, clothes, shoes, bags, property, furniture, books/literature, kiddies’ wears, job placement/vacancies, amongst others.

Speaking during the media launch, Mr. Emeka Orjiani, co-founder/chief technology officer of Njalo.ng, described Njalo as the unique meeting room between potential seller and buyer.

In his words, “Njalo.ng is here to contribute her quota in the Nigerian digital economy; to create fundamental changes in the Nigerian ecommerce space.

“Digital Marketplace is a reality! What used to be sold in the open, regular market can now be sold at the speed of a click.

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“That’s possible with the help of Njalo, a platform where you can sell anything for free. A new dawn is here! So, if you have car(s), phones, laptops, clothes, shoes, bags, property, furniture to sell or even to place job vacancy, then, Njalo is the meeting room between you and the potential buyer.

“The platform grants users unparalleled, global visibility for whatever it is you want to sell or buy.”

He said that Njalo.ng also seeks to bring consumer’s favorite market and products closer to them through online trading and help entrepreneurs build brand recognitions beyond the shores of their environment.

The Co-Founder also disclosed Njalo.ng’s mission as to connect buyers with verified sellers of genuine products and create opportunities for entrepreneurs to widen their business scope by meeting more customers

Sharing idea on how they want to achieve efficient customer-care, the Co-Founder said, “Njalo.ng is ready to ensure that the relationship between sellers and buyers are hassle-free. In a case there are doubts about a seller, the buyer can actually call-in as means to double-check.

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“The sellers can also write reviews about their experience with sellers. In all, Njalo.ng will democratize Online Marketplace in Nigeria”, he added.

On her part, Sandra Ani, co-founder/chief operating officer, Njalo.ng, said: “When it comes to running any successful online marketplace, many people view marketing and customer service as two separate entities.

“The truth is, marketing and customer service have a harmonious relationship, in which both disciplines work together to drive the growth and success of your business.

“In fact, your most important marketing tool is customer service, as it touches your customers directly”.

She explained that Njalo.ng is positioned to grow buyer’s confidence in the Nigerian classifieds sub-sector as their emphasis is to rave-up customer service.

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.

According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.

Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.

He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.

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“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.

He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.

The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.

In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.

He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.

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NAICOM Issues New Licences to 43 Recapitalized Insurers

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The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.

According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.

Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.

He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.

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The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.

He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.

According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.

Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.

The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.

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Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.

Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.

Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.

The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.

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Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.

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