E-Business
Technology – The Key to Future Public Transport

The power of technology and collaboration is vital in building the transport systems of the future. Lagos State Governor Akinwunmi Ambode has reinforced this sentiment in his plans to remove Danfo yellow buses from Lagos’ roads.
This landmark decision reveals an intention to reduce congestion and pollution, as well as pave the way for an efficient mass transportation system that would make it easier to move around a technologically savvy, smart city.
This matters, because Nigeria is a country at the forefront of urbanisation, with over 200 million people expected to live and work in its cities in the next 40 years, more than tripling the size of its current urban population.
Only China and India surpass this rapid rate of urbanisation. This rapid change presents a serious challenge for the country’s transport system. As the African Development Bank notes, the average commuter in Lagos now spends over three hours in traffic every day.
While a new system would require significant time and investment to implement, the technology required to power the Lagos transport of the future already exists today.
Uber applied the philosophy of ride-sharing in cities across the world, effectively reducing congestion and environmental impact in the process. We have experienced the benefits that technology can bring to public transport.
With GPS systems and constant communication, technology can make it safer for both the driver and the passenger. Every aspect of every trip becomes transparent – this provides the data to make transport more efficient and enables drivers to grow their own businesses.
Passengers can rely on getting to their destination on time and paying a set and transparent fee. As Governor Ambode mentioned in his address at the 14th Annual Lecture of the Centre for Values in Leadership, technology also addresses a key challenge in the current Danfo system: the collection of fares.
Government and business can effect change in the short term.
However, lasting change lies in the hands of the consumer. It is believed, according to the Ministry of Transportation that as of 2015 that there are close to 1 million registered vehicles on Lagos roads. Now is the time to request public transport that works and is affordable. It is also the time to change personal habits to assist in reducing congestion.
Many Nigerians have long commutes to and from the office each day, which has made a private car a necessity. Sharing transport to and from the business hubs in a smart city could turn this on its head.
While Uber has not yet rolled out uberpool in Lagos, this could become an attractive solution for Lagosian commuters, as it is in over 29 other cities across the globe, including emerging economies such as Jakarta and Mumbai.
Routes such as Ikeja to Ikoyi, Ikoyi to Ajah and Victoria Island to Ajah are popular, and could potentially benefit from a ridesharing solution like Uberpool, making these routes more efficient. Uberpool is simple; riders going in the same direction are matched with one another to share a ride, giving them the convenience and quality of Uber at a reduced price that fits the everyday commuter. Unlike buses, an uberpool vehicle gets the rider all the way to their destination. Because sharing isn’t the issue: it’s price and convenience that matters most to people.
The Lagos Ministry of Economic Planning & Budget has concluded that, with the average Lagos commuter spending over three hours on increasingly congested roads, the city has experienced “losses in terms of economic efficiency and other negative social effects like road accidents.” However, cars are not the problem; it is how we use them that is problematic. Many vehicles on the road only have one passenger, through technology we can change every ride into a shared ride.
The uberPOOL solution has already successfully reduced congestion in San Francisco, Paris and London. In San Francisco people are choosing Uberpool up to 50 percent of the time. In cities that have uberPOOL today, over 20% of passengers are choosing to share their ride. And the impact on cities is clear; in the first half of 2016, uberPOOL has reduced the number of miles driven by 312 million—that’s more than the distance between Earth and Mars.
When getting a ride is as easy as walking into your garage and putting your keys in the ignition, there is no longer a need to own a private car at all. Combined with changed consumer habits, this could have a remarkable impact on reducing traffic congestion in Lagos.
In the three years since Uber launched in Lagos, we have facilitated over one million trips and partnered with over 3000 driver-partners. We have worked with PwC to ensure that each of our driver-partners knows their tax requirements and has access to the records of their net income made through the application. Through smart-technology, we have introduced the ability to easily calculate and collect fares through the app. This and other applications of advanced technology to Lagos’ transport system perfectly position us to roll out transport solutions on a larger scale.
Real change will take time. It will require investment and the adaptation of existing transport structures. However, if business and government work together, we can create world-class, affordable systems that create jobs, improve efficiencies and reduce emissions. Our time operating in Lagos has reinforced to us, that this is a high-growth smart city, with an important role to play in the African economy. Lagos is a mega-city, an innovation leader and a powerful driver for Africa’s largest economy. It is only fitting that the city has a smooth-running, world-class public transport system to match.
Governor Akinwunmi Ambode’s sentiments on the public transport system, combined with the passing of a ridesharing resolution by federal state representatives illustrates that there is an appetite for smart transport in the country. We are confident that with an improved public transport system and reduced congestion, Lagos’ economic growth and influence will be exponential.
Alon Lits is General Manager, Sub-Saharan Africa at Uber
E-Business
CBN Affirms Alpha Morgan Bank’s Capitalisation

The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking an important milestone in the bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation and improved service delivery to customers.
With this milestone, Alpha Morgan Bank is well positioned to continue expanding its footprint with its 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.
Commenting on the development, the Managing Director of Alpha Morgan Bank, Mr. Ade Buraimo, expressed the readiness of the bank in ensuring compliance with regulatory requirement, good governance framework while delivering satisfying banking along the long-term vision of the bank to become the best bank to work and strong financial institution to reckon with.
He said: “Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access and continue delivering the level of service our customers expect.’’
According to him, Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.
“As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base,” Buraimo added.
E-Business
Police Says Victims Enable Cyber Attacks Out of Ignorance

Mr Uche Ifeanyi, commissioner of Police in charge of the Nigeria Police Force National Cyber Crime Centre (NPF-NCCC), said on Friday that most cyber attacks occur because victims act out of ignorance.

He spoke in Abuja at the opening of an online cybercrime awareness campaign themed “Odogwu No Dey Hide Him Face,” organised to educate and empower communities about online safety and cyber hygiene.
“Studies reveal that the majority of cyber attacks are initiated or enabled by victims due to lack of knowledge.
“Personal information is invaluable and must be protected at all times.
“Just as we maintain physical health, we must also maintain a healthy digital lifestyle,” he added, stressing that simple cyber hygiene practices could greatly reduce the risk of becoming a victim.
He urged the public not to disclose confidential information to unauthorised persons and to use strong, unique passwords, enable multi-factor authentication, and apply security safeguards on digital devices.
“Keep personal information private, avoid suspicious links, and regularly update software or system patches,” he said, adding that antivirus programmes and firewalls were essential for online safety.
Ifeanyi warned against falling for “free gifts” online.
“If it sounds too good to be true, it most likely is fraud,” he said, advising caution with urgent or suspicious messages.
He also urged internet users to verify information before sharing to avoid spreading fake news, emphasising that cybercriminals could exploit everyone regardless of age, occupation, or social class.
Vincent Olatunji, director-general, National Data Protection Commission (NDPC), commended NPF-NCCC for its efforts and said the campaign theme was commendable.
He noted the importance of educating people on legitimate wealth and safe internet use.
Olatunji said that the fight against cybercrime required collective effort, warning that the risks were increasing daily as more people connected to the internet across Nigeria.
E-Business
Firm Enhances its Security Awareness Platform with SCORM and PDF Support

Kaspersky has introduced an update to its Automated Security Awareness Platform, adding full support for PDF and SCORM (Sharable Content Object Reference Model) – the industry-standard protocol for deploying and managing e-learning content.

The enhancement enables organisations to build fully customised cybersecurity training programmes that reflect their infrastructure, risk profile, and internal policies, while continuing to benefit from Kaspersky’s expert-driven security content and phishing simulations.
According to the Kaspersky report titled “Redefining the Human Factor in Cybersecurity”, employees responding to phishing attacks was one of the main causes of cyber incidents in companies worldwide, accounting for 21% of cases among other reasons.
At the same time, additional Kaspersky research reveals that social engineering attacks are predicted to increase more than any other type in the nearest future, with 87% of respondents believing that social engineering attacks will become even more effective due to the use of AI tools.
The new Kaspersky Automated Security Awareness Platform (Kaspersky ASAP) update directly addresses several persistent challenges such as reducing the number of human-related incidents, cutting time spent on managing training programmes, decreasing regulatory and compliance risks, and minimising potential legal or reputational damage stemming from cybersecurity breaches.
With the new SCORM support, the platform becomes even more flexible: companies can now upload, track, and manage their own SCORM-based learning materials directly within the system. In addition, companies can accelerate their programmes by using easier-to-create PDF-formats.
This allows organisations to tailor training to their specific technology stacks and emerging threats targeting their industry or region. Businesses that have already invested in third-party SCORM courses or internal learning development can now seamlessly reuse their existing modules, protecting their prior investments while strengthening their cybersecurity posture.
The combination of Kaspersky’s embedded content built on real cases uncovered by the company’s world-class experts with customers’ PDF materials or SCORM modules enables a true best-of-breed approach to human risk management.
Organisations can supplement Kaspersky’s up-to-date cyberattack scenarios with internal policies, unique workflows, and industry-specific lessons, ensuring training resonates with employees and reflects real operational challenges.
“Human behaviour remains one of the most unpredictable elements in cybersecurity and also one of the easiest for attackers to exploit. By adding SCORM support to Kaspersky Automated Security Awareness Platform, we’re giving organisations the flexibility to build training programmes that truly match their internal realities.
“Combined with Kaspersky’s expert-driven content and real-world attack data, this update empowers companies to create more adaptive, relevant, and impactful awareness programmes than ever before,” comments Svetlana Kalashnikova, Security Awareness expert at Kaspersky.
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