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Carmudi Nigeria ( ) turns into Jumia Car Nigeria

The popular site for NEW AND USED CARS FOR SALE IN NIGERIA has been acquired.

The popular Nigerian Car classifieds; Carmudi Nigeria ( has been acquired by Jumia. The online car portal offers users new; used (Tokunbo) and Nigerian used cars for every taste.

Jumia car Nigeria

Carmudi Nigeria is the subsidiary of the World’s fastest growing car classifieds, Carmudi is online car classifieds site that focuses on emerging markets. The portal was launched in 2013 and is a part of Rocket Internet. The online car portal achieves its popularity by aggressive Advertisement.

While I’m still welcoming the rebranding of Carmido to Carmudi Nigeria which unifies the Carmudi brand across all countries; Jumia Nigeria quickly acquire Carmudi Nigeria.

There was no speculation of any kind. If you could recall, a similar thing happened last time, OXL Nigeria acquires Tradestable Nigeria. I did mention it then that more companies and businesses in country will merged or acquired by one company before the end this year. So Carmudi Nigeria has joined the queue. A visit to Carmudi Nigeria portal redirects you to Jumia Car Nigeria

Car Jumia Nigeria now says; ‘Nigerians have been driving around cities and regions like Lagos, Abuja, Benin City, Shagamu, Ibadan and Port Harcourt in search of the right car to suit their budget and needs. However, now with Jumia Car Nigeria, users can sit in the convenience of their homes or offices and search through thousands of new and used (Tokunbo) vehicles on offer. Nigerians are now no longer restricted to purchasing vehicles from local dealerships as we have taken the time to attract a large amount of independent car dealers and individual car sellers to our site. We verify all of our dealers and sellers in a bid to build a secure and trustworthy site, which is something that has lacked between buyers and sellers in the country’.


If actually jumia bought Carmudi Nigeria and never Franchise, this will likely give Jumia edge over her top competitor like Konga.

What is your stake on this? Let’s hear from you. Say your mind. Do you think that the acquisition of Carmudi Nigeria by Jumia will be beneficial to users as well as to the company?

You can use the comment box below to air your opinion. turns into OXL NIGERIA

It was like a speculation that later turns out real. The Popular Naspers’ backed general classifieds listings site OLX Nigeria, has finally bought its closest competitor, Schidsted’s classifieds platform, Tradestable Nigeria ( ) and then shut it down.

TradeStable Nigeria was once a well known free Classified Ads site in Nigeria. A visit to tradestable website now announces the takeover by OXL and visitors are currently redirected to OXL Nigeria website. now


From all indication, the two companies have been on negotiation since a while. So, the acquisition of the site may not be seen as impromptu as it might appear.

In 2014, Naspers and Schibsted, financiers of OLX Global and TradeStable respectively, announced a partnership with Telenor and Singapore Press Holdings to establish joint venture of their classified ads platforms in Brazil, Indonesia, Bangladesh and Thailand in a bid to reduce competition. Nigeria or any other African country’s classified Ads platform was never mention among the classified Ads platform to be merge. This is why the (TradeStable Nigeria) takeover is bit shocking to users.

According OLX Nigeria Country Manager, Lola Masha ‘‘At OLX Nigeria, we are committed to developing a high quality, online market place for consumers wanting to buy and sell across multiple categories including vehicles, mobile phones and electronics. OLX is excited about the opportunity to provide an improved classified platform with a broader product selection for buyers and sellers. We have a long-term commitment to our Nigerian users and we warmly welcome TRADESTABLE users to OLX.’’

Hmm! Let’s see more merging and acquisitions of companies and businesses in country this year however I am sure businesses are not turning monopolistic.

What is your stake on this? Let’s hear from you. Say your mind. Do you think that the acquisition of TradeStable by OXL is beneficial to users as well as to the company? Use the comment box below to air your opinion.