E-Business
African Businesses Can Compete Globally With Cloud Technology

By Opeyemi Olaniran
If you are still struggling to grasp what exactly the cloud is and why it will completely change your business, here’s a simple explanation.
If you’ve ever experienced the mind-numbing panic that comes with being unable to access important business documents stored on your laptop – perhaps your PC was stolen or damaged – then you’re already halfway to understanding the importance of the cloud.
In truth, the concept of cloud is much easier to grasp than you might think. Instead of storing your programmes, documents and data on your computer’s hard drive, you’re storing them on the internet. That’s it.
It is estimated that cloud data centre traffic in the Middle East and Africa will grow 4.4-fold by 2020, at a compound annual growth rate of 34% from 2015 to 2020 (Source: Cisco’s Global Cloud Index). Looking at the benefits of the cloud, it’s easy to see why it has quickly become an invaluable tool for businesses, large or small.
The first advantage is that it is safer in the cloud.
While there was initially confusion around cloud safety, the reality is that your data is more secure when it’s stored in the cloud than it is, sitting on your hard drive.
Think about the example of the missing laptop – if your company data is stored in the cloud, you can continue to access it, with or without that laptop, because you can access the internet from anywhere on any computer.
In terms of the security of the cloud itself, established service providers like Microsoft have a wealth of resources at their disposal to ensure their cloud platforms remain safe. They can spend more money than people, small or large companies, and sometimes even governments can. In fact, Microsoft invests more than a billion dollars each year on security-related research and development.
In addition to this, migrating to the cloud ensures all-round cost saving. Frost & Sullivan predicts that companies investing in collaboration technologies increased productivity by as much as 400 percent. To understand the positive impact cloud can have on business, let’s look atRoyal Exchange’s recent migration to the cloud.
Royal Exchange is a broad-based insurance provider registered on the Nigerian Stock Exchange. By adopting Microsoft’s cloud platform, Azure, the company was able to record a 75% increase in its retail platform revenue.
Because companies don’t have the expense of setting up an actual physical server to store data, operating in the cloud save costs. The best part is that you only pay for what you need. For example, Azure pricing is based on the service you use and storage you need, and is calculated as a per-hour fee.
Companies that have already made a significant investment in on-premises infrastructure can also choose to adopt a hybrid cloud strategy. This allows businesses to store some of their data and software on a shared public cloud infrastructure while still making use of their own existing servers.
There are also operational savings to be made, as in the example of Royal Exchange, where they were able to cut down on thousands of annual software payments, such as those non-Microsoft packages used for security and operations management.
Furthermore, the cloud allows businesses work smarter.
What is particularly powerful about a cloud platform like Microsoft is that it can think for you. Not only is it able to store your data and draw insights from that data, but it can also help you foresee future problems and find ways of addressing them before they even occur.
The very nature of cloud also enables greater operational efficiency. For example, if you have multiple people needing to work on the same document, it can be difficult to keep track of which version is the latest and who made which changes.
With the cloud, all documents are saved centrally, enabling you to work smarter therefore ensuring that team members can collaborate from remote locations able to access, edit and share documents from anywhere.
Royal Exchange found this element of cloud capability to be a significant advantage. Through Office 365, they have been able to promote great information sharing and increased staff engagement, while cutting down on use of paper and supporting field agents with 24/7 availability.
Lastly, you are able to grow your business with ease.
Most businesses absorb the cost of computing resources, such as additional servers and software licences, which are on reserve in anticipation of future growth. However, cloud solutions are scalable – this means you can increase your resource capacity as and when you need it.
Adopting cloud provides a solid foundation from which companies can keep on modernising and optimising operations. There are many ways in which cloud can help your business. Taking the leap to transform your business can be scary but once you make the move, you’ll probably wonder why you didn’t do it sooner.
E-Business
Microsoft Server Hack Likely Solo Actor, Thousands at Risk

A widespread cyberattack targeting Microsoft’s (MSFT.O) server software used by thousands of government agencies and businesses for internal document sharing was likely orchestrated by a single actor, a cybersecurity researcher said on Monday.
Microsoft issued an alert on Saturday warning of “active attacks” on on-premise SharePoint servers.
The company clarified that SharePoint Online, part of the Microsoft 365 cloud suite, was not affected by the exploit, which is considered a “zero-day” vulnerability due to its previously undiscovered nature.
“Based on the consistency of the tradecraft seen across observed attacks, the campaign launched on Friday appears to be a single actor. However, it’s possible that this will quickly change,” Rafe Pilling, director of Threat Intelligence at Sophos, a British cybersecurity firm.
That tradecraft included the sending of the same digital payload to multiple targets, Pilling added.
Microsoft said it had “provided security updates and encourages customers to install them,” a company spokesperson said in an emailed statement.
It was not clear who was behind the ongoing hack. The FBI said on Sunday it was aware of the attacks and was working closely with its federal and private-sector partners, but offered no other details.
Britain’s National Cyber Security Centre did not immediately respond to a request for comment.
The Washington Post said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted U.S. and international agencies and businesses.
According to data from Shodan, a search engine that helps to identify internet-linked equipment, over 8,000 servers online could theoretically have already been compromised by hackers.
Those servers include major industrial firms, banks, auditors, healthcare companies, and several U.S. state-level and international government entities.
“The SharePoint incident appears to have created a broad level of compromise across a range of servers globally,” said Daniel Card of British cybersecurity consultancy, PwnDefend.
“Taking an assumed breach approach is wise, and it’s also important to understand that just applying the patch isn’t all that is required here.”
E-Business
Flaw in Microsoft SharePoint Sparks Global Cybersecurity Concern

A Microsoft SharePoint server software flaw is causing widespread concern across the global cybersecurity landscape, exposing thousands of organisations to hackers exploiting a new vulnerability.
This critical vulnerability exposes government agencies, universities, and energy firms who are at risk of cyberattacks. The flaw, now being actively exploited by unidentified hackers, allows attackers to gain deep, remote access to on-premise SharePoint servers.
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has confirmed that the vulnerability can enable malicious actors to access internal files, change configurations, and even execute remote code, effectively giving them high-level control over compromised systems.
Microsoft has also acknowledged the breach and released a security patch aimed at stopping the ongoing attacks. The firm urged users to apply the patch immediately, saying it is working to roll out additional protections, according to a statement reported by Bloomberg.
Despite these efforts, cybersecurity researchers warn that systems may remain vulnerable if attackers have already infiltrated networks, stolen authentication keys, or implanted persistent backdoors before patches were applied.
The United States hosts the highest number of these vulnerable systems, followed by the Netherlands, the United Kingdom, and Canada.
The Washington Post reported that the breach has already impacted a range of institutions, including U.S. federal and state agencies, academic institutions, energy companies, and a telecommunications firm in Asia.
This latest incident adds to a growing list of cybersecurity challenges facing Microsoft. In March, the company revealed that Chinese state-backed hackers had targeted its cloud-based services to infiltrate both U.S. and international organisations.
Last year, the U.S. Cyber Safety Review Board sharply criticised Microsoft’s internal security culture as ‘inadequate’ after a separate breach compromised its Exchange Online mail systems and exposed communications of high-level officials.
E-Business
NIMC Enrolls 122m for NIN, Cuts Extortion by 40 Percent

National Identity Management Commission (NIMC) has said that it has reduced incidents of extortion and unofficial charges in the identity enrolment process by over 40 per cent.

Abisoye Coker-Odusote, director general of NIMC,
Abisoye Coker-Odusote, director general of NIMC, who disclosed this at an event in Lagos at the weekend, attributed the drop to improved transparency in fee structure at the commission.
The CEO was represented by Lanre Yusuf, director, Information Technology and Identity Database, NINC.
The workshop, organised by the identity regulator in partnership with the Guild of Corporate Online Publishers, focused on repositioning Nigeria’s digital identity landscape and combating misinformation.
According to Coker-Odusote, the sharp reduction in illicit charges is a direct result of reforms introduced by NIMC to curb racketeering and unauthorised payments, which have for years plagued the national identity registration process..
“Enrolment for the National Identification Number remains free. We have standardised modification and authentication fees, and these are publicly disclosed. Our enforcement of a transparent fee structure has resulted in a 40 per cent drop in extortion and unofficial charges,” the regulator said.
She explained that prior to her assumption of office, complaints about exploitative fees at enrolment centres were widespread, fuelling public distrust in the system.
However, she noted that the commission had since prioritised transparency and stakeholder accountability, ensuring that Nigerians no longer have to pay above the legally mandated fees. “We are addressing deep-rooted issues that once undermined public confidence in the enrolment process,” she said.
The NIMC chief added that the commission had introduced digital tools to reduce human interference in the registration process.
These include the NINAuth mobile app, the Self-Service NIN Enrolment and Modification app, and Contactless Biometric Solutions, all designed to make the system more efficient, secure, and user-friendly.
Coker-Odusote also reiterated the commission’s commitment to inclusion, stressing that no Nigerian should be left behind in the country’s digital identity transformation.
According to her, over 7,167 front-end enrolment agents and partners have been revalidated and retrained to serve the public professionally, with strict monitoring mechanisms now in place.
In addition, NIMC has deployed grievance redress officers across all 36 states to handle complaints from Nigerians about enrolment centres and agents, with a 24/7 toll-free line available to report any misconduct.
The reforms are part of broader efforts by the Commission to build a unified, secure, and people-centred digital identity system that facilitates access to government services, financial inclusion, social protection, and national planning.
Coker-Odusote called on media partners to support the Commission in disseminating accurate information, countering misinformation, and raising awareness about the benefits of digital identity.
“We are asking our partners in the media to help us combat fake news and promote transparency in the identity ecosystem. We need to ensure every Nigerian understands their rights and knows that their identity is key to accessing opportunities and services,” she said.
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