E-Business
Data Protection is the Nucleus of Digital Economy – DSPL Boss, Balogun

Convener of the Association of Licensed Data Protection Compliance Organisations of Nigeria (ALDPCON) and CEO of Data Services Protection Limited (DSPL), Mr. Tunde Balogun has described data as the crude oil of the digital economy.
Nigeria’s increasing official interest in data is because government is coming to terms with data as the real asset of the new or digital economy, said Balogun at a recent media interaction during a training session for some ministries, departments and agencies (MDAs) in Oyo State.
According to him the Federal Government in its wisdom, through the National Information Technology Agency (NITDA), issued the Nigeria Data Protection Regulation (NDPR) of 2019 as the principal data protection legislation to address concerns around privacy and protection of personal data which also focuses on the grave consequences of leaving personal data processing unregulated.
The NDPR issued by the NITDA on 25 January 2019 pursuant to Section 32 of the NITDA Act 2007 as subsidiary legislation to the NITDA Act 2007 is only a purveyor of the wider sets of data legislations now at the National Assembly expected to guide Nigeria’s data protection journey and march into the digital economy said Balogun whose company is licensed to operate as a Data Protection Organisation (DPCO).
DPCOs are licensed under the NDPR to provide professional data protection services to public and private entities. There about over 70 licensed DPCOs tasked with monitoring compliance to the NDPR.
Balogun, whose company offer data protection tasks for a number of private and public clients including the governments of Plateau and Oyo states, admitted that there is a growing awareness among stakeholders on data as an asset worth a high level of protection.
“The good thing is that some of our people are beginning to understand why data must be protected in all ramifications. Plateau state started this journey last year. Also, a good example is the government of Oyo state where we are currently implementing data protection services for about eight ministries, departments and agencies as part of the first phase of the scheme.
“It is still going to all other ministries but we started with these eight MDAs because they handle more data than most other MDAs and it even goes beyond mere putting facilities in place to enforce compliance with data protection.
“This is where we are shoulder high than other DCOs. Many people think data protection is only about data auditing but it goes beyond that because we provide other deliverables. In our case, we do auditing, we train staffs, organise lectures, we ensure full privacy and arrange workshops to drive home the point,” he explained.
He stated that data collection is the most resourceful enterprise in the world and that most successful companies in the world are not in the Oil & Gas, Banking or insurance but in the collection of data.
He said this was why government is insisting on protection of data of Nigerians in both the public and private sectors of the country.
Balogun said data protection is part of the larger layers of strategies being in place by governments all over the world to checkmate cybercrimes, which he said had attracted the concern of well-meaning human beings. He added that it is a good thing that the government of Nigeria is keying into it since it is a global affair from which the country cannot afford to run away from.
He, therefore, enjoin all public, private sectors of the economy to put steps into place to make sure they protect data in their possession, adding that the government will soon begin enforcement of data protection, which he said would come with heavy penalties.
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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