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SystemSpecs Edges Other to Emerge Most Innovative ePayment Company

SystemSpecs, the owner and operator Remita, the e-payment platform that has generated N7 trillion for the Federal Government has been adjudged as the most innovative for creating the payment platform.
At the BusinessDay top 25 most innovative companies and institutions awards 2017, the Company edged out Interswitch, Paystack and Konga Pay.
Organized by West Africa’s most authoritative business medium, Businesday newspaper, the award seeks to honour companies that have contributed to the sustainability of their customer-base, bottomline, overall organisational growth, and development of the country. Over 125 organsiation made the final list.
Addressing journalists after receiving the award, David Okeme, SystemSpecs’ Chief Marketing Officer, said that the award has shown that the company is winning on the kind of innovation the organisation is introducing into the electronic payment space.
“We see payment as an activity that is a must for everybody. Our mantra is that we are going out of our way to create innovations to simplify payment processes for Nigerians. What we have done is that we have marked about ten payment points for consumers and we are innovating around those payments points to make sure that they are delivered seamlessly”.
Publisher of Businessday, Frank Aigbogun, said the newspaper seeks to advance the philosophy and culture of innovation in our nation space, and to recognize the people and companies that are driving it.
“Today, innovation is a key driver of organic growth for all companies, regardless of sector or geography. Recognising the organization, agencies, and individuals that are driving and advancing the culture of innovation, the award brings together industry leaders across all sectors”, he said.
Special adviser to the Governor of the Central Bank of Nigeria [CBN], Emmanuel Ukeje, acknowledged that 2016 was particularly a tough year for many of the companies. He said the CBN’s response to the economic recession was supported by most of the private sector.
“In response to the recession, these companies looked for ways of going round the recession and remain profitable. We are witnesses to what happened”, he added.
Remita has been adopted by the Central Bank of Nigeria [CBN] for the payment and collections of funds on behalf of the Federal Government of Nigeria, and it is used by all commercial banks and over 400 micro finance banks. The platform has helped to revolutionalize the e-payment industry in Nigeria.
Okeme explained that SystemSpecs is wholly owned and run by Nigerian with Nigerian software engineers, meaning that the “energy we talked about is being created by Nigerians”.
According to him, “Remita is the system that is powering the Treasury Single Account [TSA] and it has helped the country to save over N7 trillion. The benefits of this innovation is that Nigeria now has full visibility of its cash asset so there is a lot more security in terms of her assets and deploy its resources better”, he said.
He maintained that Remita app combines the functions of several applications, saying that, it is an app that allows users to connect to all the banks applications with one click. He added that with the app, user can respond to payment requests from restaurants, shopping outlets, schools, family, friends, or other billers by quickly snapping, a QR code from his smartphone or tapping his device against the biller’s to complete transactions.
News
Experts Reveal a Steady Decline of High-severity Incidents Over the Years

According to the ‘Anatomy of a Cyber World: Global Report by Kaspersky Security Services’, there has been a noticeable decline in the percentage of high-severity incidents over the past few years.

While 2021 recorded the highest proportion at 14.3%, 2025 experienced the lowest in six years at just 3.8%. This trend indicates that many attack attempts were quickly detected and effectively mitigated by Kaspersky MDR experts, preventing their severity from escalating beyond medium levels.
High-severity incidents are defined as attacks involving direct human involvement that result in a significant impact on the customer’s IT infrastructure. In 2025, the number of such incidents detected by Kaspersky MDR decreased by 19% compared to 2024, highlighting improvements in early detection capabilities and more effective remediation efforts among Kaspersky MDR clients.
A detailed analysis of the root causes of these incidents in 2025 reveals the following insights:
Human-driven attacks accounted for approximately 23% of high-severity incidents. Although this represents a slight decrease from 2024, they continue to be the primary cause of serious breaches.
Kaspersky detected such attacks in nearly 21% of customers, demonstrating that motivated adversaries persist in bypassing automated defences. Despite advancements in automated detection tools, these highly skilled attackers still find ways to evade security measures.
Confirmed cyber exercises like Red Teaming made up over 23% of incidents. When activity is verified as part of security testing, it’s often classified as infrastructure false positives, though customers frequently report them as incidents.
Social engineering ranked third, responsible for over 15% of high-severity attacks and affecting nearly 18% of organisations. These are classified as high-severity when successful and not automatically remediated, often leading to security awareness recommendations.
Security policy violations constituted just under 14% of all cases, involving legitimate accounts performing suspicious actions like data exfiltration. Malware incidents represented less than 12%, while artifacts from past attacks, or APT traces, were found in over 7% of cases. Vulnerability detection, though not core focus for Kaspersky MDR, was reported in fewer than 5% of incidents.
“The decline in high-severity incidents highlights the critical importance of adopting a proactive cybersecurity strategy. Human-led solutions such as Managed Detection and Response (MDR) and Incident Response remain essential in combating sophisticated, human-driven threats.
To further enhance the effectiveness and efficiency of in-house security teams, organisations should incorporate advanced, automated solutions like Extended Detection and Response (XDR), which provide improved visibility and enable faster responses.
Additionally, leveraging SOC consulting services can assist in building a robust Security Operations Center from the ground up or optimising an existing one for maximum performance.
An integrated approach to hybrid security operations empowers organisations to detect threats early, contain them swiftly, and ultimately prevent severe breaches from occurring,” comments Sergey Soldatov, Head of Security Operations at Kaspersky.
News
Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.
Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.
Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.
To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.
Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.
“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”
The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.
“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
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