E-Business
TAM Summit Highlights Technologies Potency in Time Management

Africans have been urged to embrace technological interventions as practical measures to overcoming poor time management.
Panelists at the inaugural TAM Summit unanimously agreed that technology can aid individuals and organisations in setting clear timelines for their set goals and objectives.
TAM Summit under the theme, “From ‘African Time’ to ‘On Time’: A paradigm Shift”, was conveyed by SB Telecoms in Lagos on Thursday, May 19, 2016 seeking for attitudinal change while drawing attention to the economic loss in Africa due to the “African Time” mental appendage.
Speaking at the Summit, Mr. Afolabi Abiodun, CEO of SB Telecoms & Devices and Conveners, disclosed that a survey conducted with the aid of TAM solution, found that almost 12% of annual labour cost is lost to lateness, tardiness, time theft and absenteeism.
He said, that in an economic climate, such is a huge lost as there was no successful venture devoid of time as a major contributory factor.
Abiodun said, “In 2005, the American government set a goal to reduce their dependency on foreign crude oil from 60% of their total need to 30% by 2015 and 0% by 2020. One of their key follow-through mechanisms is the perfecting of the fracking technology to access their Shale Oil. Today, America’s daily production has increased from 5.4 million barrels in 2005 per day to 9.3 million barrels per day as at the end of 2015.
“For the past three decades, various Nigerian governments have touted Vision 2020 to take us to the Promised Land of development. Four years to expected delivery date, we are yet to scratch the surface of this laudable target. Why? Although it is easy to blame lack of political will and socio-economic factors, but the real culprit, in my honest opinion, is a lack of interest in doing things in a timely manner and a readiness to give excuses, even though Nigeria is well known for drawing plans and issuing communiqués”.
He lamented that lack of time management has eaten deep into the fabric of the African society, and has turned the people to victims- of its manifestations in corruption, infrastructural decay, apathy, poverty, and so on.
“But it would be difficult to have any meaningful development if we hesitate to demand accountability, not only of resources and budgets but also of TIME- in the private sector and at all levels of government. Because, as we all know, no society can hope to make progress or catch up if there’s a culture of disregard for time.
To solve the challenge, he said that SB Telecoms developed a Time Attendance Management Systems (TAMS) service which from 2013 to the present has been deployed by over 1,000 organizations (including multinationals).
According to Abiodun, “Currently, TAMS has become much more than a time management solution. Based on customer research and feedback, we have developed other modules such as: payroll, appraisal, vacation and leave management.
In the course of promoting time management and the value proposition of TAMS, a few business owners and HR practitioners have protested that punctuality has nothing to do with performance. My response has always been that if we took the time to do some number crunching, we would appreciate the cost of time to us.
“To achieve more productivity, TAMS is getting better and better. TAMS is integrated with 20 Commercial Banks and 56 Microfinance Banks and all Pension Fund Administrators. I am happy to inform you that TAMS is one of 150 solutions worldwide invited to the Global Entrepreneurship Summit in Washington DC, to be hosted by President Barak Obama next month”.
Nodding in agreement, Mr. Adeola Adejokun, principal partner of Kishi-Lagos, said that he strongly believes that technology makes life more exciting and helps improve the lives of people across the globe.
He said that applications like Google Calendar, Smart Planner, smart wristwatches, are proven solutions Nigerians and African at large can leverage to undo the sickening ‘African Time’ syndrome.
Adejokun said, “I have realized that ‘African Time’ malaise as lack of consequence management enforcement which requires institutions that will monitor people in the work environment, whether in corporate or public sector.
“We can use technologies available today to tackle this head-on, because ‘time theft’ leads to erosion of values. Without rightly defined and times processes, it is usually difficult to have thr right culture in any place.
On her part, Mrs. Bukky George, who chaired the Summit, said that time like health is wealth and should be efficiently managed, hence poor time management is at the root of poor planning bedeviling the African society.
George who is also the founder/CEO of HealthPlus Limited, said, although ‘poor time management’ is a global phenomenon, Africans, especially youths must have attitudinal change to adapt to 21Century work environment, particularly, every sector of the economy revolves around such principles as time, predictability and efficiency.
She added that in spite the enormous infrastructural deficits in the country, proper time management can be maintained.
Mr. Oyeniyi Oguntoyinbo, MD/CEO of Philliy & Mools, said that every thriving multinational (companies) today started on the clear-cut principles of strategic and conscious timing of programmes.
According to him, a service company, for instance, must be built around timely response to customer’s inquiries or dissatisfaction.
“It is amazing when you list the consequences of poor time management. We often use the phrase, ‘Time is money’, but a lot of employees do not appreciate the fact that late responses to customer’s questions can lead to the demise of the entity. It is an attitude we must address as a people, business and country or Continent. Time is same everywhere, and we can’t change it, rather invest it wisely,” Oguntoyinbo added.
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-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
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