FEC Grants E-Commerce and 26 other Industries Pioneer Status

At the Federal Executive Council (FEC) meeting held on Wednesday, August 2, 2017, the FEC approved the grant of pioneer status to 27 industries. These industries include: E-commerce services; Software development and publishing; Mining and processing of coal; Processing and preservation of meat/poultry and production of meat/poultry products; Manufacture of starches and starch products; Processing…

Yes Mobile acquired by Yudala

Nigeria’s eCommerce company Yudala has completed the acquisition of Yes Mobile, a cosmopolitan high-value retail outfit with a multiplicity of stores in Lagos, for an undisclosed purchase price. According to Gideon Ayogu, Head of Media Relations at Yudala, he stated that “with this takeover, Nigerians now have additional ease and convenience of shopping a variety…

E-commerce and Cyber Security Regulation in Africa

The advent of the internet and the dotcom era has strengthened the notion that the world is a global village. E-commerce has made purchase of goods and rendering of services easy. The essence of this article is to discuss the growth of e-commerce in Africa, the threat posed by cyberattacks to Africa and the African Union Convention on Cyber Security and Personal Data Protection (the “Convention”) as it relates to cybersecurity.