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Industry Support Grows for Insurance Technology Event

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Nigerian Insurance players are gearing up for the forth coming InTechExpo® 2008, the very big thing in the industry in particular and the financial services sector in general. The inaugural edition of the annual Insurance Technology Workshop and mini exhibition, otherwise known as InTechExpo’, which comes up on the 4th of September at the Golden Gate Ikoyi, Lagos, a brainchild of Private Media Mart Limited in collaboration with the Nigerian Insurers Association (NIA), is structured to be the first of its kind in the continent whereby the leading lights in the sector is brought face-to-face with information communication technology (ICT) solution providers solely dedicated to offering solutions to the sector.

Mr. Corporate Akinpelu, a manager with Alliance & General Insurance company limited in Lagos, while expressing his expectations from the event remarked that the event is expected to be great, based on the fact that Nigerian Insurers and all other players in the industry ought to be made aware of the tools of ICT and how it affects their business in the 21st century. He went ahead to state that, due to the fact that the Insurance Industry globally has moved away from the brick-and-mortar age to the clicks-and-button era, ICT deployment is no longer a matter of choice but the ultimate necessity to achieve market relevance.

Mr. Dennis Eyakovevu, managing director of a leading Insurance brokerage firm in Nigeria, expressed the optimism that InTechExpo® ’08 will be able to draw seasoned ICT experts to expound and instill the gospel of technology into the sector.

"You know that the major reason why our sector (Insurance) has not been able to measure up to global expectations unlike the banking industry which is mostly due to our ignorance on the value of Technology. With this event (InTechExpo), I have no doubt that the NIA and their partners PMM has hit the nail on the head of our seeming backwardness, am sure the event will change a lot in the industry" he concluded.

The InTechExpo® event, which is targeted at the sub-regional Insurance sector, is a one-day workshop and mini-exhibition with the theme – "Insurance Technology: Catalyst for Economic Development" – designed by PMM in collaboration with the Nigeria Insurers Association (NIA), to be an annual event meant to examine and review the current standards and encourage the adoption of technology tools in the insurance industry locally with global best practices as reference point.


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E-Business

Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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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.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

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”.

 

 

 


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NIMC Warns Nigerians of Fake NIN Website

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National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

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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