E-Business
SAP Business One Solution Displayed at LEAP Africa CEOs Forum
SAP West Africa in collaboration with one of its partners, Hartford Green Consulting showcased the SAP Business One Solution at the 10th Leap Africa CEOs Forum, which held in Lagos during the week.
A recognized annual event in the Small Medium Enterprise circle, the forum attracts over 800 guests annually including SME founders, captains of industries, CEOs and Managing Directors drawn from different sectors of the economy and public sector officials. The theme of this year’s forum was Staying ahead: Maximizing Profits and Mitigating Risk.
The Forum initiated in 2005, brought together entrepreneurs, CEOs of top corporations and indigenous companies, risk management experts from different sectors as well as local and international speakers to share knowledge and insights that will equip entrepreneurs to build sustainable local businesses that continue to yield value for generations.
Explaining the rationale for participating, Kelechi Nwosu, channel director, SAP West Africa, said: “In this era of trade globalization, organizations are constantly seeking ways to improve performance and remain competitive. SAP is a global leader in Enterprise solutions delivery and has over the years worked with organizations of different sizes to become more innovative, this has helped redefine the competitive landscape and also help them run better.”
“We recognize that SMEs play an important role in the growth and development of every economy and are committed to supporting the growth of this sector in Nigeria working with our partners. SAP offers best in class solution for SMEs and Enterprises alike. Our alliance with Leap Africa is a justification of our commitment to make a difference in the SME space. The best run businesses run SAP,” he added.
The SAP Business One application is business management software that caters to small and mid-sized businesses.
A complete and customizable solution, the single, integrated solution provides clear visibility into the entire business and complete control over every aspect of business operations.
It captures all critical business information for immediate access and use company-wide.
Unlike accounting packages and spreadsheets, it delivers what is needed to manage key business areas such as accounting and finance, sales and customer management, purchasing and operations, inventory and distribution, reporting and administration.
SAP Business One is designed with flexibility in mind because every business is different. Whether it is deployed in the office or in the cloud, it can be accessed from the road using SAP Business One mobile app.
What’s more, employees can start using it from day one. And as the business grows, you can customize and extend SAP Business One to meet your evolving needs.
Ade Adenuga, managing partner, Hartford Green Consulting said, “The SAP Business One application offers an affordable way to manage your entire business – from sales and customer relationships to financials and operations. Designed specifically for small businesses and sold exclusively through SAP partners like Hartford Green Consulting, it helps you streamline processes, capture all of your business information in a single, scalable system, act on timely information and drive profitable growth.”
He added that the SAP Business One application is trusted by over 47,000 companies in 150 countries and can be deployed on premise or in the cloud in as little as 2 to 8 weeks.
The Forum provided CEOs of SMEs with practical tips for organizational growth and sustainability, foster sharing of best practices in entrepreneurship, enable SMEs identify and mitigate risks to promote business growth and provide networking opportunities for partners, sponsors, invited guests and participants – to interact and discover prospects and challenges for SME growth and development.
Earlier in his keynote address at the forum, Dharnesh Gordon, managing director, Nestle Nigeria PLC said Nigeria has very creative entrepreneurs with a passion to win, and warned that a crisis is a terrible thing to waste if the entrepreneur cannot learn from it, because business is about learning.
He urged entrepreneurs to continue to innovate as a new way of doing business lies in the innovation process. “Crisis and risk is exactly what life is about. You have to continue to innovate and in the innovation process is a new way of doing business. Embracing risks should be the DNA of every entrepreneur, so embrace it as an opportunity to learn.”
Abubakar Suleiman, executive director, Finance and Strategy, Sterling Bank in his presentation on managing financial and currency risks in the Nigerian and global business landscape, said, “The world is now a global village and there is a growing contagion of risk of international development on local or national businesses,’’ and charged entrepreneurs to always seek advice on issue of foreign exchange as recent currency devaluation and rising interest rates have grave implications for the business sector.
Speaking on importance of insurance and other formal risk mitigation strategies in protecting businesses, Oluwole Oshin, founder and managing director, Custodian and Allied Insurance Plc, explained that insurance transfer or shared risk could make the difference between a growing concern and bankruptcy, while emphasising, “ As SMEs, you cannot do much without transferring your risks’’.
Other renowned speakers such as Clare Omatseye, managing director/chief executive officer, JNC International and President, Healthcare Federation of Nigeria, Adepeju Adebajo, Managing Director at Lafarge Cement Wapco Nigeria, amongst others spoke at the event.
These presenters with key insights spoke on handling financial management and currency risks in the Nigerian and global business landscape, managing supply chain, operations and sales risks in Nigerian business landscape, importance of insurance and other formal risk mitigation strategies in protecting businesses as well as building a culture of risk management: thinking one step ahead.
Since its launch in 2005, the CEOs Forum is reputed as a platform for exposing business owners to the importance of succession planning, instituting effective systems, structures and ethical leadership within their organizations to ensure long term sustainability.
To date, the CEOs Forum which fosters the exchange of ideas and best practices, has attracted over 3400 business owners, chief executives, directors, managers, as well as leaders in the public and non-profit sectors.
SAP is the world leader in enterprise applications in terms of software and software-related service revenue.
With a 43-year history of innovation and growth as a true industry leader, we are the world’s third largest independent software manufacturer based on market capitalization.
Hartford Green Consulting, on the other hand, has been an acredited SAP Channel Partner since 2008, and has delivered SAP projects for organisations in virtually all sectors and industry verticals including Oil & Gas, Defence, Public Sector, and Financial Services.
Hartford has a specialist team delivering successful SAP Business One projects to the Nigerian SME sector to build value, manage risk and improve performance…
E-Business
What the Retail and E-commerce Sector Should Expect in 2026 in Era of AI-driven Shopping and Privacy

In 2025, the retail and e-commerce sector continued to face intense pressure from cybercriminals. According to Kaspersky data, 14,41%* of users in the global retail sector encountered web-based threats, while 22,20% were affected by on-device attacks.

Ransomware remains a serious concern for the industry. Last year, 8,25% of retail and e-commerce companies experienced ransomware incidents, and the number of unique B2B users in the sector affected by ransomware detections rose by 152% compared to 2023, signalling a sharp escalation in targeted attacks.
Phishing also continues to be a major threat vector. Kaspersky identified 6.7 million phishing attacks targeting users of online stores, delivery services, and payment systems in 2025. More than half of these attacks (50,58%) were aimed specifically at online stores, underscoring cybercriminals’ focus on e-commerce platforms as high-value targets for fraud and data theft.
A look at 2025 cybersecurity for retail & e-commerce: Trends and what happened
A stealer with a taste for pizza delivery. Shopping and food ordering via mobile apps are routine user behaviours. However, 2025 demonstrated that even downloading a seemingly legitimate app from an official app store does not guarantee safety, nor does it ensure that user data and financial credentials will not be compromised.
Ransomware detections in the B2B sector increased due to a single dominant actor. The number of unique users in the Retail & E-commerce sector who encountered ransomware detections increased by 152% in 2025 compared to 2023 (Nov 2024 – Oct 2025 vs. Nov 2022 – Oct 2023).
The most significant growth occurred during the 2024-2025 period and is largely attributable to the rapid spread of the Trojan-Ransom.Win32. Dcryptor family, which became highly prevalent across the retail and e-commerce sector in some of the analysed markets. This malware is a trojanised ransomware variant that leverages the legitimate DiskCryptor utility to encrypt disk partitions on victim systems.
Phishing activity in the online retail segment stood out. Despite being a long-established attack technique, phishing remains highly prevalent in the context of online purchasing.
From November 2024 through to October 2025, Kaspersky products blocked 6,651,955 attempts to access phishing links targeting users of online stores, payment systems, and delivery services. Of these attempts, 50.58% targeted online shoppers, 27.3% impersonated payment systems, and 22.12% targeted users of delivery companies.
Sales seasons continue to do the work for attackers. Seasonal peaks in online shopping consistently provide attackers with predictable opportunities to scale user-focused attacks.
Periods of heightened promotional activity lower user vigilance and allow familiar phishing and spam scenarios to blend into legitimate marketing traffic, increasing their overall effectiveness.
Predictions: What retail & e-commerce cybersecurity might face in 2026
Chatbots are likely to become a common product discovery tool across online marketplaces. Unlike traditional search, conversational interfaces encourage users to share more detailed, natural-language requests, revealing preferences, constraints, and contextual information.
This shift expands the privacy attack surface, as platforms accumulate richer user profiles through chat interactions. As a result, chatbot logs may become as sensitive as transactional data, increasing the risks of over-collection, misuse, or exposure of personal information.
“Search itself is changing, including how people look for products online. In 2025, there was a gradual shift from simple keyword queries to more conversational and visual ways of finding what to buy. As these models rely on broader user input, careful handling of the data involved will remain an important consideration for maintaining user trust,” comments Anna Larkina, Web data and privacy analysis expert at Kaspersky.
Changes in taxes and trade rules might be exploited in online fraud. Modifications in taxes, import duties, and cross-border trade rules are likely to be used as lures in phishing campaigns and fraudulent online stores, promoting unrealistically cheap offers or claims of avoided fees.
As pricing and fee rules continue to evolve across markets, it may lower vigilance, increasing the effectiveness of such schemes, particularly against small and mid-sized retailers.
AI-powered shopping assistants are expected to increasingly operate outside retail platforms, embedding themselves into browsers, mobile apps, and third-party services. While designed to simplify navigation and price discovery, these tools shift data collection beyond the retailer’s perimeter, creating new and less visible privacy risks.
To function effectively, external AI shopping agents require continuous access to user behaviour, including browsing activity, search intent, location context and product interactions across multiple sites.
This enables the aggregation of detailed behavioural profiles outside the direct control of both users and retail platforms, increasing the risks of over-collection, opaque data usage, and unintended exposure.
Image-based product search might become a new challenge in privacy risks. Previously, the main privacy concern around user images in e-commerce was limited to photos voluntarily shared in product reviews.
However, image-based product search is expected to make photo uploads a routine part of the shopping experience across major retail platforms. While this feature improves product discovery, it also increases the risk of unintended exposure of personal data.
User-submitted images may contain faces, home environments, or sensitive details, such as names, phone numbers, or addresses visible on shipping labels or packaging, making secure processing, data minimisation, and limited retention critical requirements for retailers.
E-Business
Elon Musk Seeks $134Bn from OpenAI, Microsoft for ‘Wrongful Gains’

Elon Musk, billionaire Tesla owner, has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.

Elon Musk,
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
He has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
Musk’s legal team argues that his early financial and strategic contributions, including approximately $38 million in seed funding, the recruitment of key personnel, and assistance in connecting founders with contacts, laid the foundation for the later success of OpenAI and Microsoft’s commercial AI efforts.
“Without Elon Musk, there’d be no OpenAI. He provided the bulk of the seed funding, lent his reputation, and taught them all he knew about scaling a business. A pre-eminent expert quantified the value of that,” Musk’s lead trial lawyer Steven Molo told Reuters.
“Just as an early investor in a startup company may realise gains many orders of magnitude greater than the investor’s initial investment, the wrongful gains that OpenAI and Microsoft have earned—and which Mr Musk is now entitled to disgorge—are much larger than Mr Musk’s initial contributions,” the filing said.
Musk, who left OpenAI’s board in 2018 and now leads AI company xAI, alleges that OpenAI violated its founding non-profit mission when it restructured to include a for-profit arm tied to Microsoft’s investment and commercial strategy.
Meanwhile, OpenAI has labelled the lawsuit “baseless” and part of a “harassment campaign” by Musk, and Microsoft’s legal team has said there is no evidence the company “aided and abetted” OpenAI in any wrongdoing.
Both companies have asked the judge to limit what Musk’s expert witness may present at trial, arguing that the damages calculations are unreliable and could mislead a jury.
According to Reuters, Musk’s filing says he may pursue punitive damages and other penalties, including a possible injunction, if the jury finds the companies liable, though it did not specify what form any injunction would take.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Financial3 days agoHere Are Nigerian Banks That Have Secured Their Licences
E-Financial3 days agoZenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Telecom3 days agoMTN CEO Toriola Hails Nigeria’s Telecom Transformation at MIPAD
News3 days agoICPC Charges Ozekhome with Forgery, Corruption Over London Property
E-Financial3 days agoNigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
E-Financial3 days agoHow Crypto Criminals Stole $700m from People – often Using Age-Old Tricks
General News2 days agoCybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy
Telecom3 days agoLebara Launches Agent Registration Portal













