E-Business
…That Nigerian Start-ups May Survive

Start-ups in Nigeria have always been viewed as veritable vehicles for kick-starting and sustaining technological advancement in the country.
How has these start-ups fared in Nigeria in terms of being empowered to achieve this? I recently had a robust discussion with Mohammed Mega, the Founder of start-ups in Nigeria.
Mohammed is a foremost tech start-up motivator in Nigeria.
On why he it is so difficult to be a start-up in Nigeria, Mega is of the opinion that the government is not encouraging start-ups enough in Nigeria because so many of them struggle in the system.
This is due, for instance, to lack of government patronage of these start-ups for local content that can assist them to grow. He opined that many start-ups, such as Vougepay, decided to look for support outside the country when support is not coming from within, hence, this high level of struggle to survive by start-ups in Nigeria. Jega is, however, optimistic that, if the government creates the enabling environment, start-ups in Nigeria will thrive.
Responding to a question on what constitutes enabling environment for start-ups to survive, Mega stated that these includes encouraging solutions, ideas and innovations that are coming up.
In our Clime, however, he noted that our young start-ups bring forth solutions, ideas and innovations but they are not encouraged as they are always looking for capital to drive their start-ups.
Government, he said, needs to go out there and identify these talents that are scattered all over the country and support them, domesticate their solutions, link them with the ecosystem that can assist them and turn their start-ups to global solutions. For Mega, looking inwards is the at for the government to go in order to achieve local content input.
On where he is going with ‘Start-up Arewa’, Jega stated that his goal is to identify talents, build capacity and mentor them from the ideas stage through to start-up and incubation stages as well as assist them to become blue chips.
He stated that Start-Up Arewa is in partnership with sine Hubs in Abuja and across the Northern part of Nigeria to serve as breeding grounds for these identified start-ups. The outfit, Jega further said, is interested in seeing that these start-ups acquire the technological depths to become developers, programmers as well as come up with ideas.
This is because, if properly managed, these young start-ups can come up with solutions to solve our day to day problems.
To stem the challenges of not making profit by most start-ups, Jega said Start-Up Arewa is in collaboration with stakeholders that are already successful within the ecosystem that can support these start-ups and show them the way to go.
He stated further that hardcore developers were also brought in from Lagos to teach these start-ups on the right tools to use so they can be sustainable.
Regarding the current high rate of unemployment in the country today, Jega is of the view that technology can play a prominent role in stemming and reversing the scourge because, every young person is passionate about technology and people cannot do without technology today.
Government, he said, should use this knowledge to help the youths by teaching them how to develop apps, write programs, etc., so that they can deliver the ideas and solutions to solve our everyday problems.
On what support pillars he would like to see for the tech ecosystem to be sustainable and to help it grow beyond our wildest imagination, Jega posits that it still boils down to the government taking the initiative by looking inwards to help develop the tech ecosystem to grow, especially at the grassroots level.
The government, he also said, should look out for local stakeholders and plug in to their platforms and networks to solve our everyday problems. This way, he said, the government will be patronizing local content. On a final note, he is of the opinion that government should assist start-ups in raising capital through institutions such as the NIPC and the Bank of Industry, so that they can have funding for developing prototypes that can solve problems.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
E-Business
Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
E-Business
Microsoft Servers Hacked by Chinese Groups

Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
E-Business
NIMC Warns Nigerians of Fake NIN Website

National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.
NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”
The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.
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