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OyaOya Unveils Africa’s First Online On Demand Commodities Trading Platform

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By peter oluka
 
OyaOya has announced the pilot go live of its commodity trading marketplace to connect the commodity ecosystem across Nigeria and Africa.

 The OyaOya platform rides on cutting-edge technology to connect four essential components together in a seamless and efficient flow – a marketplace for vendors to present their products, customers to select a product, commodity transporters and an escrow payment system for secure transactions.

Khalil Halilu, chief executive officer, OyaOya, announced the pilot run of the marketplace with 3,000+ registered vendors already saying that it opens Africa’s first Commodity on Demand hub leveraging technology to raise the bar for the commodity value chain across the continent.

 Nigeria and other African economies are projected to increase shares of the global sales due to growing participation in e-commerce and accelerated growth forecast expected out of developing economies, the OyaOya CEO said.

 “OyaOya aims to have 10% of farmers and 40% of petroleum product traders on its platform by the end of 2018”, Halilu said while explaining that the platform will also provide a one-stop-shop for commodity market information. 

 “We are also mindful that today’s urban dweller is a very busy person. He or she does not have the time to go out for cooking gas or shop around for groceries. Similarly, businesses want access to the best items at the best prices, delivered to them with ease. This is where OyaOya comes in. The platform provides the customer access to vendors, giving him or her choices based on brand, price, time it takes to deliver and even a vendors rating by other customers”, Halilu said.

 Apart from providing a one-stop-shop for commodity market information, OyaOya will also fill the gap for driving efficiency and effective distribution across Nigeria and other African economies, also the escrow payment system will compliment government’s effort going cashless  he added.

 “OyaOya is an enterprise based on our user friendly online platform designed to connect customers to vendors within close proximity for easy and secure on demand transactions. We believe that buying and selling does not have to be tedious, or time-consuming. We do all the heavy-lifting so you do not have to. We bring a highly innovative and confident team together to make sure we deliver value and quality, when and where you need it – no hassle, no hustle”, Halilu said.

 According to the OyaOya CEO, “it is settled long ago that Africa is the commodity-capital of the world, yet the continent has not been able to effectively distribute its resources amongst its people. Farmers face several challenges including trying to get their products to market, inadequate information on how, where and at what price to sell produce. This is compounded by customers not being able to locate them, a mismatch between transporters and owners of commodities, among other factors that have undermined the global competitiveness of the local commodity merchants.”


He explained that, “commodity prices are volatile and extremely difficult to predict and this is due to several challenges faced in the African commodity ecosystem. Some products like petroleum are priced high while some agricultural products are underpriced. Take Benue State for example in the Middle Belt of Nigeria where farmers tend to lose their produce to decay as they cannot get access to customers on time, resulting in losses in both produce and profit.”

OyaOya is positioned to be a key partner of choice to the commodity ecosystem and drive improved performance for the entire value chain. OyaOya is working with reputable organisations such as Interswitch, National Association of Road Transport Owners NARTO, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending NIRSAL, Nigeria Commodity Exchange Commission, Independent Marketers Association of Nigeria IPMAN, Cement Manufacturers Association of Nigeria CMAN,Nigerian Association of Liquefied Petroleum Gas Marketers  and several Agricultural cooperatives  he added.

“OyaOya will become a household name in Africa for efficient delivery of quality goods by bringing client and vendor together on a simple, competitive online platform”, according to the CEO. The OyaOya app, which is available on both Apple App Store and Google Play Store, is built from the ground up to bring three components together – customers, vendors and services like delivery, in an ecosystem that is both fast and efficient.

“It is a system for customers searching for different types of commodities with multiple buying options, it is also for business owners looking for a platform to gain more customers and expand profit opportunities. OyaOya provides a user-friendly and secure platform that connects the user to potential customers for easier on-demand transaction without the hassle of physical marketing”, Halilu said.

The OyaOya platform is envisioned to facilitate linkages that guarantees value conversion of exported primary products to become competitive through transformation further up the value stream. Halilu also noted that the company is encouraged to launch and complement ongoing policy thrusts in Nigeria to achieve economic diversification that enhances the competitiveness of several sectors of the economy.

“We are pleased that OyaOya will lead the charge economic diversifications that enables our economy to achieve innovation, job creation and broad-based growth that would improve the lives of broad segments of the population. Khalil Halilu, the OyaOya CEO who holds a Degree and Masters from the University of Hertfordshire, is an industrialist & Techprenuer with vast experience in ICT, manufacturing and trading.

 Recently he has occupied himself exploring new disruptive technologies  and has refocused his approach towards creating solutions that will quench the thirst of a technology-savvy market. Khalil has worked with several manufacturing and trading industries in Nigeria such as Gongoni Co Ltd, New Anaerobic Digestion LTD UK and much more, giving him an understanding of the challenges in buying and selling of commodities across the African sub region.


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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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E-Business

Survey Reveals Marketing Leaders See Strong Potential in gTLDS Despite Knowledge Gap

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A new global survey from the Internet Corporation for Assigned Names and Numbers (ICANN) reveals that 52% of marketing leaders believe generic top-level domains (gTLDs – the three characters or more that come after the dot in a URL) have strong potential for enhancing brand presence online; however, a knowledge gap is preventing many brands from taking advantage of the opportunities that a gTLD can bring.

The research surveyed over 2,000 marketing leaders across eight countries (Brazil, China, India, Mexico, Nigeria, South Africa, U.K., and U.S.) with the purpose of creating a picture of the evolving digital marketing landscape and understanding the levels of awareness around gTLDs.

It comes as ICANN prepares to open the next application window for new gTLDs in April 2026 the New gTLD Program: Next Round – the first opportunity in more than a decade for organizations to apply to operate their own gTLD.

Top-level domains are the letters found at the end of an Internet address (with gTLDs including .charity, .menu, .paris and .ceo). Brands can apply to run their own gTLD as a way to indicate the purpose of their organization or to clearly mark a website as being related to their brand.

The research shows that increasing brand awareness and visibility is the top priority for marketing leaders (54%) and that over half believe that gTLDs have strong potential for enhancing brand presence online.

However, the research also shows that almost a third (32%) of marketing leaders surveyed are unfamiliar with gTLDs, which suggests that operating a new gTLD may be a strategic opportunity that many organizations are currently overlooking.

Key findings from the research include:

  • After defining a gTLD, 92% of marketing leaders responded that they could see the potential benefits to gTLDs, with enhanced brand differentiation (46%), improved customer trust (45%), better control over online presence (44%), and improved SEO (44%) topping the list.
  • 19% of marketing leaders work for organizations that have previously applied for a gTLD.
  • Cost concerns (31%), knowledge gaps (27%), and insufficient resources (24%) were identified as the main barriers to application.
  • The research revealed notable regional variations, with Nigerian (74%) and Indian (61%) marketing leaders showing the strongest belief in gTLDs’ potential for branding and online presence. In contrast, marketers in China expressed more mixed views, with 50% seeing strong potential but 49% considering gTLDs an unnecessary investment with unclear Return On Investment.

The findings come at a time when marketing leaders are facing significant challenges in standing out from competitors (53%), attracting and engaging the right audience (52%), and keeping pace with digital trends (47%).

A new gTLD can be an innovative tool for commerce and communication. They allow businesses in specific countries, sectors, or niche markets to create an exclusive, descriptive, and memorable label on the Internet.

An entity operating a gTLD can provide its users and customers with an extra measure of confidence in its security and legitimacy online. This can be valuable in today’s environment, where users often don’t know whether they can trust the source on the Internet.

Theresa Swinehart, SVP, Global Domains & Strategy said: “The New gTLD Program: Next Round presents an opportunity for businesses, communities, governments, and others to apply to operate their own secure space online, tailored to fit their organization, community, culture, language, and customer interests.

Now is also the moment for brands to consider applying for a gTLD, and this research tells us there is still a lack of awareness. ICANN can help provide information and raise awareness of the Next Round and the opportunity it presents for global communities, organizations, and businesses, including brands.”

To help address the knowledge gap, ICANN is developing resources to help organizations understand the application process and potential opportunities for gTLDs ahead of the 2026 application window. ICANN also offers the Applicant Support Program (ASP), which provides financial and non-financial assistance to eligible applicants.

 


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Firm Reports a 48% Increase in Malicious Packages Threatening Software Supply Chains

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Kaspersky’s Global Research and Analysis Team (GReAT) experts at the 10th annual Cyber Security Weekend – META 2025 held recently, talked about supply chain attacks and reported that by the end of 2024 a total of 14,000 malicious packages were found in open-source projects, a 48% increase compared to the end of 2023. 42 million versions of open-source packages have been examined by Kaspersky throughout 2024 in search for vulnerabilities.

Open-source is software with source code that anyone can inspect, modify, and enhance. Popular open-source packages include GoMod, Maven, NuGet, npm, PyPI, and others.

These are tools that power countless applications and help developers easily find, install, and manage pre-built code libraries, making it simpler to build software by reusing code others have written. Attackers take advantage of the popularity of these and other packages.

In March 2025, the Lazarus Group was reported to have deployed several malicious npm packages, which were downloaded multiple times before removal. These packages contained malware to steal credentials, cryptocurrency wallet data, and deploy backdoors, targeting developers’ systems across Windows, macOS, and Linux.

The attack leveraged GitHub repositories for added legitimacy, highlighting the group’s sophisticated supply chain tactics. Kaspersky’s GReAT also found other npm packages related to this attack. Malicious npm packages could have been integrated into web development, cryptocurrency platforms, and enterprise software, risking widespread data theft and financial losses.

In 2024, a sophisticated backdoor was discovered in XZ Utils versions 5.6.0 and 5.6.1, a widely used compression library in Linux distributions. Inserted by a trusted contributor, the malicious code targeted SSH servers, enabling remote command execution and threatening countless systems globally.

Detected before widespread exploitation due to performance anomalies, the incident highlighted the dangers of supply chain attacks. XZ Utils is integral to operating systems, cloud servers, and IoT devices, making its compromise a threat to critical infrastructure and enterprise networks.

In 2024, Kaspersky’s GReAT discovered that attackers uploaded malicious Python packages like chatgpt-python and chatgpt-wrapper to PyPI, mimicking legitimate tools for interacting with ChatGPT APIs.

These packages, designed to steal credentials and deploy backdoors, capitalised on the popularity of AI development to trick developers into downloading them. These packages could have been used in AI development, chatbot integrations, and data analytics platforms, endangering sensitive AI workflows and user data.

“Open-source software is the backbone of many modern solutions, but its openness is being weaponised. The 50% rise in malicious packages by the end of 2024 shows attackers are actively embedding sophisticated backdoors and data stealers in popular packages, which millions rely on.

“Without rigorous vetting and real-time monitoring, a single compromised package can trigger a global breach. Organisations need to secure the supply chain before the next XZ Utils-level attack succeeds,” comments Dmitry Galov, Head of Research Center for Russia and CIS at Kaspersky’s Global Research and Analysis Team.


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NDPC Probes Suspected Data Breach in Examination Centres

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Data Breach
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Nigeria Data Protection Commission (NDPC) has launched an investigation into allegations that the confidentiality and integrity of candidates’ personal data may have been compromised by hackers.

NDPC Probes Suspected Data Breach in Examination Centres

The Commission initiated the inquiry following concerns over possible data breaches during examinations.

Preliminary findings indicate that several examination centres may not have implemented adequate technical and organizational measures to safeguard candidates’ personal information, as required under data protection regulations.

Although the incident reportedly affected 379, 997 candidates, the NDPC’s investigation is poised to cover a systemic audit of data processing and third parties.

It will be recalled that JAMB recently admitted that a technical error on its platform affected a total of 379,997 candidates in 157 examination centres across Lagos and the South-East.

Further investigation led to the arrest of at least 20 suspects who are currently in the custody of the Department of State Services and the Nigerian Police Force.

 

 

 


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