E-Business
NCC, AFD Partner to Copyright Collective Management

A diagnostic study project to review the operations of Collective Management Organisations (CMOs) in Nigeria for enhanced performance has been commissioned by the Agence Française de Développement (AFD) in partnership with the Nigerian Copyright Commission (NCC).
According to Mr. Paschal Gregeau, country director of AFD, the project is part of AFD’s support to strengthen the collective management of copyright in Nigeria.
AFD, is the French Government’s bilateral donor agency in Nigeria while the NCC is the Nigerian Government agency responsible for all copyright matters, including the regulation of CMOs in the country.
The engagement contract was signed at the AFD Country Office in Abuja, in the presence of the Mr. John O. Asein, director-general of NCC; by Mr. Paschal Gregeau for AFD and Mrs. Isioma Idigbe on behalf of Messrs Punuka Attorneys, a firm of legal practitioners. The project commenced on November 4, 2019 with the signing of the contract.
The AFD Country Director, while underscoring the importance of the project, stated that it would focus on the operational and governance dimensions of collective management in the country, including a review of their accounting processes, with a view to making recommendations for improvement.
Mr. Gregeau tasked the project consultants to analyse the organisational structure and activities of CMOs and their relevance to the attainment of their principal objectives, as well as identify elements of underperformance and/or dysfunction in the management of CMOs in the context of the statutory and regulatory framework.
Mrs. Isioma Idigbe of Punuka Attorneys assured the AFD of the commitment of the consultants to deliver on the terms of the project. The Study has a time frame of four months at the end of which a report would be published for the information of the concerned collective management organisations and the public.
In his remarks, Mr. Asein, reiterated the Commission’s commitment to entrenching a regime of sound collective management of rights In Nigeria.
He reaffirmed the Commission’s stand that CMOs should subscribe to the highest standards of good governance, responsibility, efficiency, accountability and transparency.
The Director-General also expressed hope that the outcome of the study would assist the Commission in its policy and regulatory interventions towards engendering a more effective CMO regime in Nigeria.
In a related development, the Commission has commissioned KPMG to conduct an audit of the accounts of the Copyright Society of Nigeria (Ltd/Gte) (COSON).
The audit, according to the Governing Board of the Commission, is a precondition for the renewal of COSON’s operating licence. COSON had applied to the Commission for a renewal of its licence, which lapsed in May, 2018.
“It is hoped that the steps being taken by the Commission would, among other things, guarantee transparency and restore the confidence of concerned stakeholders in Nigeria’s collective management system,” remarked the Director-General.
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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