E-Business
Shittu @ IAD Says Buhari Focused On Smart, Digital Nigeria

Barrister Adebayo Shittu, Nigeria’s Minister of Communications, has revealed that the present administration is set to leverage the benefits of the digital revolution and the huge potential of ICT to achieve ‘a smart digital Nigeria’.
The Minister of Communications made this known while addressing delegates at the opening ceremony of the 14th Innovation Africa Digital (IAD) Summit 2016.
The three-day event kicked off yesterday at the Transcorp Hilton Hotel Abuja. The summit themed: ‘Harnessing Africa’s Digital Growth’, is Africa’s leading ICT Business Summit. Over 500 senior executives across government, regulatory bodies, telecoms operators and major end users of ICT from all over Africa, Asia, the Middle East and Europe are attending the summit.
Explaining the rationale behind the administration’s decision to unlock positive growth using digital platforms, Barrister Adebayo Shittu stated: “ICT has changed the course of history and added value to all that we do.”The Minister said that the Federal Government has developed a roadmap to be unveiled soon towards achieving exceptional growth through ICT.
Speaking on the importance of the summit, Amina Oyagbola, MTN Executive pointed out that the IAD Summit presents another opportunity for Africa to deliberate on further steps to develop the ICT sector as an engine of growth and thereby improve its contribution to the GDPs of African countries.
According to Oyagbola, “there continues to be increasing optimism and enthusiasm in international circles about Africa huge potential for growth and development. From education to financial inclusion, agriculture to solid minerals, e-government to mobile health, ICT is key to ensuring maximum impact across key elements involving people, processes and productivity. ICT can retool and up skill people in every sector, upgrade processes for greater operational efficiency, create jobs and enhance productivity for stronger growth while attracting further investment.”
Delivering the goodwill message from the Presidency, Eng. Babachir Lawal, secretary to the Government of the Federation said that the IAD 2016 summit heralds a new dawn in progress driven development through ICT as the Federal Government duly recognizes the role of ICT in fostering a viable economy.
“We are proud to be part of the 2016 IAD summit because we believe in its potential to contribute to national and regional development” Lawal said.
Other African countries represented at the event include Sierra Leone, Lesotho, Ethiopia, Ghana and Cameroun.
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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