E-Business
Infosys Partners CWG on Finacle 10 Banking Solution
Infosys Technologies in conjunction with Computer Warehouse Group (CWG) has announced the launch of Finacle 10 universal banking solution, to the West African banking industry.
In an event last week in Lagos, the company disclosed that 7 tier-1 and tier-2 banks around the world have already subscribed to the software, to power their domestic and international operations; a move which reinforces Finacle’s global leadership in banking transformation.
Amit Dua, associate vice president, Infosys, said Finacle 10 will enable banks to transform their multi-country operations through a standard platform and processes, adding that a set of 5,000 parameters and an enhanced scripting studio will deliver rapid product innovation.
He informed that Finacle 10 also features a whole new set of offerings including Islamic banking, wealth management and an improved mobile banking solution.
Dua said: “Finacle’s powerful architectural foundation enables banks to rapidly respond to changing customer demands and a competitive market landscape.”
“We have invested over $60 million in the last 3 years to build a state-of-the-art banking solution and our strong commitment towards the West African market, along with strong alliances for surround implementation services, offers banks a truly differentiated offering.”
In his address, Austin Okere, group managing director and CEO, CWG, said his company and Infosys have had a long standing partnership for the West African region; working together in sales and support of banking solutions for some banks in Nigeria.
He informed that Finacle has been deployed in 9 Nigerian banks namely: First Bank, UBA, Oceanic Bank, FCMB, Fidelity Bank, Spring Bank, FinBank and Equitorial Trust Bank; as well as Union Homes and BPI Bank in Ghana.
“Utilizing CWG’s world-class system integration services and infosys’ portfolio of banking solutions and services, the two companies help banks address changing business and technology cycles and assist them in achieving and sustaining a unique competitive advantage,” Okere continued.
The CWG boss said that his company has scaled up to become a strong Finacle sales and support hub in the West African region, partnering the post-consolidation mega banks to achieve their goals.
He said that Infosys has demonstrated her commitment to the West African region through significant presence and skills transfer. “There is always an Infosys support engineer in the country, as there is always a CWG engineer sitting at the global helpdesk at Bangalore.
Finacle has made an inroad into 61 countries across the globe and has been acknowledged by top analysts including Gartner, Forrester and Celent, among others in the core banking solution space.
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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