E-Business
NIS 2017’s 9-Point Communiqué Identifies Needs for Innovation in Nigeria
Nigeria Innovation Summit (NIS) 2017 edition has raised eight key points that focus on the needs for the country, businesses, organisations, entrepreneurs to become more innovative and apply innovation to drive sustainable development and bridge the digital divide.
The Summit with the theme, ‘Transforming Nigeria’s Economy through Technology, Innovation and Entrepreneurship’, organized by Emerging Media, was held recently at the Sheraton Hotel, Ikeja, Lagos with over 350 delegates drawn from within and outside Nigeria.
Rising from the Summit, the participants made submissions and recommendations on how to move the country forward through innovation and entrepreneurship.
First, technology, innovation and entrepreneurship are key to growing a sustainable economy. And there is a great need for Nigeria to embrace such to grow her economy across all sectors as Nigeria’s economic growth will impact on Africa;
Secondly, the role of government in driving technology and innovation in Nigeria was emphasized, hence government at all levels should start investing in technology and Innovation as Nigeria has the human, natural and the financial resources to become a leader in innovation.
Government should also create the enabling environment and build the infrastructure like power that will attract investments and also grow local economies;
Thirdly, Nigeria was described as in dire need of growing her own innovative and disruptive ideas that will transform the country and bring in foreign investments;
Fourthly, the Summit frowned at lack of a clear cut policy that encourages technology, innovation and entrepreneurship in Nigeria which has been a major setback for the country in realizing her potentials and leverage emerging technologies to drive economic growth;
Fifthly, technology and innovation thrive on healthy innovation ecosystems where there is collaboration between the public and the private sector;
The summit further called for greater collaborations between the government, private sectors, the academics, the media and entrepreneurs. The efforts of Private Health Sector Alliance of Nigeria (PHH) in galvanising private sector coalition to drive Health innovations in Nigeria, was highly commended.
Sixth, the participants emphasized the role of the academics in driving technology research, incubation and development was also brought to light. Thus, Nigerian universities, research centers and higher education community should take up the responsibility and contribute their quota;
The seventh point was on the need that Nigerian youths should be supported and encouraged to embrace technology, innovation and entrepreneurship so as to build the future of Nigeria;
Eight, the Summit welcomed and encouraged collaborations with the government, corporate organizations, international organizations and the academic community towards promoting open innovation in Nigeria.
The summit communiqué signed by Mr. Tony Ajah, the director, underscores the presentation of Nigeria innovation Awards to many organisations: Private Sector Health Alliance for leading the drive on Health Innovation in Nigeria; BAU Research & Development for Driving Innovation in Higher Education in Nigeria; Dot Learn Inc. for their Innovative Technology to Drive Quality Learning in Nigeria; Bankole Oloruntoba for his contribution to Startup Development in Nigeria and Adenike Akinsemola for her Innovative Work with Green Initiative.
Others are, Tizeti for their effort in Driving Internet Access in Nigeria; Kaosiso Anaekwe for Promoting and Supporting Nigerian SMEs with Digital Skills; Research Institute for Innovation and Sustainability (RIIS) South Africa in Recognition of your effort in Driving Open Innovation in Africa; ScholarX For Promoting Access to Scholarship Opportunities in Nigeria; andQuadcycle Automobile recieved the Most Innovative Startup 2017 Award for their hybrid electric car.
The Nigeria Innovation Summit, a brainchild of Emerging Media, also attracted delegates from Research Institute for Innovation and Sustainability, South Africa; the Private Sector Health Alliance of Nigeria; Anambra State Government; Kaduna State; Google Business Group; Ministry of Industry, Trade and Investment; UNIDO/NIRP; Enspire Business Incubator, Abuja; Oxford Business Group, UK; British High Commission; South Africa, United Nations Information Centre, Lagos Business School; University of Lagos; Federal University of Technology, Owerri; Caleb University; Crescent University; Nasarawa State University; Nuhu Bamalli Polytechnic, Zaria, amongst others.
Finally, the Summit organisers in collaboration with Research Institute for Innovation and Sustainability (RIIS) South Africa officially launched the Nigeria-South Africa Innovation Network, which aimed at promoting Open Innovation among the two countries.
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.
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”.
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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