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Treepz Partners CMS T&M to Digitise Transportation for 1.2M Customers Annually
Treepz’s mission to provide commuters with convenient and affordable means of transportation within cities and across Africa, is further accomplished with its newest partnership with CMS Taxi and Motor Nigeria Limited (CMS T&M) in Lagos.
This partnership will see the CMS T&M passengers have access to a more convenient payment option and predictable travel times. The technology provided by Treepz will allow the CMS T&M management to manage their operations efficiently and digitise their ticketing systems to provide transparency for the bus operator.
CMS T&M is a 53-year-old licensed shuttle bus company that operates in the Central Business District of Lagos including Marina, Lagos Island, Victoria Island, Ikoyi and Lekki areas of Lagos State, with high-capacity buses and minivans.
With over 1.2 million passengers annually, CMS T&M provides conducive vehicles that ease the daily commute of workers, students, and traders within the city.
“At Treepz, our goal is to improve the public transportation system in Africa using technology and we are constantly looking out for opportunities to partner with major bus operators and state governments to digitise the transportation sector.
“By combining the expertise and technologies of Treepz, with CMS T&M’s 53 years of experience in public transportation and fleet management in Nigeria, we are on the right path to achieving this goal.
“I am particularly excited about the opportunity for this foremost transportation company to use Treepz technology to move away from cash-based payments, paper-ticketing and the general issues that come with this old way of buying bus tickets.
“CMS T&M will now move into the digital era with different ways for their 1.2 million annual customers to purchase their travel tickets while providing transparency and an efficient way to manage their operations with our technology.
“This will greatly improve the experience of daily commuters in Lagos and kick-start the digitalization of transportation systems across Nigeria” said Mr Onyeka Akumah, CEO & Co-Founder Treepz Inc.
Also speaking on the partnership, the CMS T&M Managing Director, Andrew Akhigbe, had this to say, “We are excited about our recent partnership with Treepz and can’t wait to power our CMS bus park using world-class technology with benefits occurring to both partners and commuters. Being a business of over 53 years, one of our goals is to drive a transparent operation system and Treepz helps us meet this using technology.”
Treepz shares a common goal with bus partners like CMS T&M to provide the most efficient and affordable bus travel solutions in parks and across bus-stops in cities in Lagos.
As a company, Treepz has continued to grow its impact on transforming the transportation sector with its technology currently deployed across Africa.
With operations in Ghana, Uganda and Nigeria, Treepz has introduced the Transportation Operator System to provide Bus Parks and Bus Operators with the necessary technology to digitise their services while increasing their customer base and managing their revenue.
As many transportation stakeholders look at how they move away from paper ticketing, cash-based transactions and understanding their customer inventory, bus operators are turning to Treepz to build the technology that will allow them reach their goals.
Beyond CMS T&M, over 12 bus operators have also partnered with Treepz including GUO Transport, Libra Motors, EFEX Transport Service, ABC Transport, Anambra Executive and a list of other intercity transporters with a combined 1,500 vehicles in their fleet.
Beyond transportation companies, Treepz continues to provide bus hiring services to schools for their school bus solutions, bus hire services to corporations for their staff bus solutions and technology to state governments to power their state transport systems.
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core registrar business, technology-driven solutions and increased activity in Nigeria’s capital market.
Speaking during the company’s H1 2026 Investor Call on Tuesday, the management outlined plans to deepen revenue diversification and accelerate innovation as part of efforts to reduce reliance on interest income and strengthen long-term profitability.
The company reported gross earnings of ₦4.28 billion for the first half of 2026, representing a 27 per cent increase from ₦3.34 billion recorded in the corresponding period of 2025.
Profit before tax rose by 22 per cent to ₦2.41 billion, while profit after tax climbed 18 per cent to ₦1.59 billion.
Net operating income also increased by 27 per cent to ₦4.21 billion, while total assets grew by 13 per cent to ₦46.53 billion. Shareholders’ funds similarly rose by 13 per cent to ₦12.52 billion.
According to the company, the impressive performance was driven by sustained growth in its registrar business, increased corporate actions across the Nigerian capital market, stronger treasury earnings supported by the prevailing interest rate environment and rising adoption of its technology-enabled products and services.African Mineral Wealth
Managing Director and Chief Executive Officer, Dr. Catherine Nwosu, said Africa Prudential is steadily evolving from a traditional share registrar into a diversified technology and business solutions provider serving the broader capital market ecosystem.
Addressing concerns from investors about the sustainability of earnings if interest rates decline, Nwosu said the company was deliberately expanding its non-interest income sources.
“Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, Know Your Customer (KYC) services, AGM technology, probate services and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.
She noted that increasing activity in the Nigerian capital market presents fresh opportunities for technology-driven solutions.
“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency and stronger compliance standards continues to grow. We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.
Looking ahead, the company identified five strategic priorities for the second half of 2026, including driving sustainable growth through its core registrar business and new revenue streams, accelerating technology-led product innovation, strengthening brand leadership, investing in talent development and reinforcing corporate governance.
The investor call attracted institutional investors, shareholders, analysts, regulators and other capital market stakeholders, reflecting strong interest in Africa Prudential’s earnings outlook, revenue diversification strategy and long-term growth plans.
News
IHS Nigeria Donates Business-Support Equipment to Empower People with Disabilities in Abuja Community
Communications infrastructure company, IHS Nigeria, has donated business support equipment to empower people with disabilities within the Karonmajiji community in the Federal Capital Territory, Abuja. This is part of the company’s commitment to drive inclusive community development and sustainable livelihood support under its Project Empower initiative.
The equipment was distributed to beneficiaries during a ceremony held in the community on Monday, July 27. The initiative was conceived following a community needs assessment and is designed to empower active traders by providing them with business tools rather than cash grants, thereby strengthening their businesses and ensuring long-term economic impact and accountability.
Speaking at the event, Director, Sustainability, IHS Nigeria, Titilope Oguntuga, described the initiative as a reflection of the company’s commitment to advancing inclusive development by equipping persons with disabilities with the tools and opportunities needed to build resilient livelihoods.
She explained that rather than providing short-term financial assistance, IHS Nigeria adopted an asset-based approach by donating 50 pieces of business support equipment, including sewing machines, freezers, generators and hairdressing kits, to the selected beneficiaries.
According to her, the intervention is designed to create lasting value by supporting entrepreneurship, promoting self-reliance and strengthening household incomes, while contributing to the achievement of the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth) and SDG 10 (Reduced Inequalities).
In his opening remarks, the Chief of the Karonmajiji Disabled Community, Alhaji Sulaiman Muhammed Katsina, represented by the Secretary of the Community, Alhaji Mohammed Dantani commended IHS Nigeria for its commitment to empowering persons with disabilities through practical and sustainable interventions.
He described the initiative as a demonstration of genuine partnership with the community and expressed appreciation for the company’s continued engagement with the Association, noting that the donation of the equipment was a significant investment in improving the livelihoods of persons with disabilities and would create meaningful economic opportunities for the beneficiaries and their families.
The event brought together traditional rulers, government representatives, leaders and members of the Karonmajiji Disabled Community Association, implementing partners, including Field of Skills and Dreams Vocational Technical and Entrepreneurship (FSD VTE) Training Institute and other community stakeholders, reaffirming a shared commitment to promoting inclusion and sustainable community development.
Project Empower reinforces IHS Nigeria’s commitment to advancing sustainable development through strategic partnerships that promote economic inclusion, strengthen community resilience and create opportunities for underserved communities.
The Chartered Institute of Bankers (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women’s empowerment and sustained growth through strategic mandates and frameworks, aimed at closing the financial gap and empowering more small, and medium enterprise (MSME) owners.
Both organisations made this call during a courtesy visit to the newly invested 24th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Dele Alabi, Ph.D, FCIB, as part of plans to congratulate him on his investiture as well as seek a stronger alliance between both bodies.
The visit followed Alabi’s investiture where he unveiled his “IMPACT” Vision, themed “Consolidating Our Local Impact, Enhancing Our Global Relevance.”
The vision rests on six pillars: Inclusion across geographic, gender, and generational lines; Membership growth and quality; Professionalism and ethics; Accountability; Competencies and skills development; Technology, automation, and innovation. Other areas of shared interest, include women empowerment, financial inclusion and literacy, as well as MSME clinics, all of which are top on his agenda.
Alabi explained that under him, the institute will be prioritising financial inclusion and women empowerment, because of its realisation that women are often the primary financial managers and caregivers in families. Access to savings, micro-credit, and insurance acts as a safety net during crisis and allows them to significantly improve living conditions.
He added that CIBN would be happy to drive joint knowledge sharing and exchange sessions with CBN and ACAMB across various platforms. “Educating the public through public awareness programmes, with ACAMB as the rallying point, is central to what we do,” he noted.
ACAMB President, Jide Sipe, who led the delegation, spoke in unison with the CIBN president, as he noted that, closing the inbalances in financial access help economies grow faster, reduces inequality, and encourages greater civic participation by all.
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