Dr Stephen Akintoye Offers to Buy Nairaland for N1 Billion


Alt: = "Dr Stephen Akintoye, and Nairaland logo"

Dr Stephen Akintoye, a Nigeria entrepreneur has offered to buy Nairaland, Nigeria's forum site for N1 billion.

The Dubai based serial investor, said he would turn Nairaland to a global brand and Africa's UNICON.

His decision to buy Nairaland  followed the buying of Twitter, a US based microblogging platform by Elon Musk for $44 billion.

Akintoye initially offered to buy the forum site for N100 million, and said he was willing to pay more if an independent valuer says it worth more.

In another tweet on Tuesday, he raised the offer to N1 billion, saying he will pay 20% cash, 80% land to buy.

Alt: = "Dr Akintoye's tweet on offer to buy Nairaland for N1 billion"

What You Should Know About NairaLand

  • Niaraland which was founded in 2005 by a young developer, Seun Osewa  has growth potentials and currently has about 2.58 millions registered users. 
  • The forum site is visited 31.97 million times per month, on average and it is the 9th most-visited site in the country with 2.58 million registered users, and with global ranking of 1,521, according to SimilarWeb which gives near accurate site statistics.

  • Niaraland therefore has huge potential of becoming Nigeria’s, if not regional social network by introducing other products like instant messaging, thereby allowing users to directly connect with one another in private space on the platform. 
  • In the statistics provided by SimilarWeb, Narialand has most of its users from Nigeria with 67.92% followed by USA with 9.87%. Three other top users are UK, Canada, Ghana.
  • Seun Osewa said his site got 199,793,939 page views in March 2022.

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