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Smart way to the market for Informal Retailers

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It’s the digital age and a smart world. Easier ways of doing things emerge on a daily basis; thanks to technology. A lot can now be done without the need for physical presence or contact. Several business deals are being sealed virtually. Customers make purchases from anywhere and get items delivered wherever it’s needed.

Likewise, technology is making business easier for retailers in the informal sector. Without leaving the shop, retailers now restock as simple as pressing some buttons on their phones. Here are five smart benefits for informal retailers through  e-commerce:

Better bargain: Prices of goods in the market are rarely stable. In most cases, it’s sharp rise in prices of goods which tends to affect retailers’ inventory, by reducing the quantity of goods that can be acquired.

Creating a network of manufacturers and distributors, B2B online platforms shield retailers from unstable prices. Further adding to the appeal, it has improved informal retailers’ access to a wider range of products to meet their customers’ needs.

Reliable delivery network : While retailers go through a lot in the process of transporting goods from the market, ordering online leaves the delivery in the hands of experts. B2B e-commerce platforms have a logistics network that makes good delivery seamless for retailers.

Ease and convenience: Going to the market is a major stressor for informal retailers. A typical market day is full of uncertainties.  “Before I started ordering my goods online, going to the market was stressful and time consuming.

“As a result, I would always lose some potential customers while I was at the market. Alerzo has further improved my business by giving me a stress-free, safe and quick delivery on all my orders,” said Mrs. Dasola Eleshinmeta, owner of DASOLA STORE, Molete Ibadan.

Profit increase: Research has shown that the average informal retailer spends at least N1,000 transport fare on every trip to and from the market. For a retailer who stocks up 3 times in a week, they end up spending N3,000 every week, with an annual expense total of around N144,000.

Added to the expense of transportation is the fee paid to market authorities. If the same retailer spends N500 on this fee each time she goes to the market, she will spend N72,000 per year.

This means that each year, she spends at least N216,000 on trips to restock her inventory, this takes out a huge proportion of their profit margins. Restocking online this helps retailers to save cost and increase profit margin.

No out of stocks (OOS): One of the ways retailers build good customer relationships is by always being a reliable stop shop. Like “if she doesn’t have it, then there’s real scarcity.” Such testimonials are what give retailers a lifesaver status. Ordering for inventory online frees up time and enough window for planning against stock-outs.

Overall, B2B online platforms provide easier and safer restocking options for retailers. The beauty of it is that it’s all available at their fingertips.

 


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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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