E-Business
ComTech Minister Extols Jumia’s e-Commerce Strives
Mrs. Omobola Johnson, minister of Communication Technology has applauded the e-commerce drives made by Jumia.com in her first year in Nigeria, stressing that the Company has registered the country’s presence in the comity of e-commerce nations.
Founded in June 2012 by two Harvard Business School Alumni, Jumia launched with a vision of being the largest retailer in Africa with a shopping experience that is convenient, safe and second to none. Alexa.com, a globally renowned web information service, had recently rated Jumia.com.ng as the leading and most traffic e-commerce company in Nigeria.
Delivering a keynote address at Jumia’s one year anniversary in Lagos on Friday, Johnson identified that Jumia.com is playing key role in finding lasting solution to fears among Nigeria to embrace digital marketing.
According to her, although Nigeria’s local information communication technology industry has received tremendous boost in the recent past; unfortunately, it is still dominated by foreign skills and brands, noting that Jumia with various initiatives has shown that potentials inherent in e-commerce can deepen job creation, e-payment and digitization.
“Jumia has done prettily well in the past one year, growing from nothing to something amazing. The industry, we know now can generate millions of jobs. And as a government it is our hope that the multi-million naira potentials of this industry will be tapped into in no distant time,” she said.
He however noted that e-commerce requires that issue of cyber security should be taken serious, adding that the Ministry is determined to innovate and requires handshake of diverse internet security and forensic intelligence to contain cyber traitors.
Earlier in a welcome address Tunde Kehinde and Raphael Afaedor, co-founders and managing directors, Jumia Nigeria, said the company welcomes 100,000 unique visitors daily, making it the fourth (4th) most viewed local content site in the country, with a daily subscriber base of over 250,000 people, served over 500,000 customers. Also, Jumia’s social media community fans have hit 500,000.
Jumia is currently headquartered in its brand new state of the art 90,000 square feet e-commerce campus located in Lagos. With rapid growth in delivered across Nigeria, the Company further introduced pick-up stations across six (6) locations in the country with many more in the offing.
The co-founder also pointed that Jumia.com, “is Nigeria’s number one shopping destination offering customers everything from fashion, consumer electronics and home appliances, phones and mobile devices, books, baby’s toys and gifts, fragrances, beauty products, games, event tickets and a broader range of products”.
They added that Jumia starting with three staff and today powered by 500 staff across Nigeria it is revolutionizing Nigeria retail landscape by offering a platform where customers across the Continent can shop the widest assortment of quality merchandize at affordable prices.
“Of course, we have become renowned as a job creation engine and place for building the nation’s next set of entrepreneurs,” the co-managing directors said.
Kehinde and Afaedor added that Jumia’s fast and convenient delivery, best in class customer service team of talented employees’ position is to become the best retailers on the Africa continent.
The anniversary attended by crème de crème in the e-commerce, e-payment, IT security and government officials also witnessed Jumia’s fashion cocktail.
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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