Video - eCommerce in Nigeria

When it comes to eCommerce on the continent, Nigeria is arguably ahead of the pack in several respects. Last year, what's now known as the Jumia Group raised over $300 million in funding, getting a $1 billion valuation in the process. Tencent, and other firms invested $1.3 million last December in the payments processing firm, Paystack. Earlier this year, the Cars45, raised $5 million in funding. Clearly, on cash alone there's a lot more equity flowing into West Africa, than the Silicon Savannah in the East. 

Ahead of the WCA Summit in October, CGTN's Ramah Nyang spoke to the CEO of Cars45, Etop Ikpe, to find out what makes Nigeria's eCommerce sector tick.

Video - Nigeria's Power Woes: Interview with CEO and Chairman of Genesis Energy Holdings

Why does a country with the ninth largest proven gas reserves on the planet have a crippling electricity deficit? On September 10, 560 MW of gas generation capacity was offline, and the country's sector regulator estimated losses attributable to that lack of power, at $3.5 million. 

That figure doesn't take into account the enormous amount of gas wasted through gas flaring. Earlier, CGTN's Ramah Nyang debated this subject with Akinwole Omoboriowo II, CEO and Chairman of oil, gas, and power firm, Genesis Energy Holdings.

Former Nigerian president Obasanjo launches book on Africa in Tunisia

A new book launch recently took place in Tunis called "Making Africa Work". It's author is none other than former Nigerian president Olusegun Obasanjo. The book deals with his insights into Africa's challenges and solutions.

Video - Nigeria to roll out bicycles to help decongest traffic

The Nigerian government is set to introduce bicycles as a major mode of transport - to decongest traffic. Nigeria's capital city, Abuja will be a model city for the project.

Nigeria Super Eagles drop to 44th in FIFA rankings

The Super Eagles of Nigeria dropped six spots from 38th to 44th in the latest FIFA world rankings published on Thursday.

But the Eagles moved up two spots on the continent, going from sixth to fourth.

Egypt, who remain first in Africa, dropped from 25th position to 30th in the world. The North African country remains the highest ranked African team.

Cameroon, whom Super Eagles defeated 4-0 in the World Cup qualifier in Uyo, dropped 10 spots from 35th to 45th.

Germany displaced Brazil as the number one in the world.

The top 10 ranked teams in the world rankings are as follows: Germany (1), Brazil (2nd), Portugal (3rd) Argentina (4th) Belgium (5th) Poland (6th) Switzerland (7th) France (8th) Chile (9th) and Colombia (10th).

The Cable