E-Business
Inuwa, DG NITDA says Data Governance will Ensure Maximum Value Derivation from Digital Economy

As data affects how we make decisions on the path to creating a sustainable future especially in the post-COVID-19 era and the emerging challenges, the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE said that the governance of data and how Nigeria as a country seeks to position herself in this agenda is key to ensuring that maximum value is derived, and provide the needed support for the thriving innovation ecosystem.
Inuwa who was represented by the Acting Director, Digital Economy Development Department (DED), Engr. Salisu Kaka made this statement while delivering his welcome address at a stakeholders’ engagement on the Draft National Data Strategy (NDS) organised by NITDA in Abuja.
The Stakeholders’ Engagement is to provide information about the proposed NDS; opportunities for stakeholders to discuss their opinions and concerns; address expectations and misconceptions regarding the NDS and discuss the potential impacts of the strategy.
Inuwa stated that, “the non-depletion characteristics of data make it a special asset for the creation of value and is of key strategic importance for both the public and private sectors. Its proper utilisation can create a competitive advantage, especially for Micro, Small, and Medium Enterprises in this era of data economy.”
Speaking on the Draft, Inuwa noted that the strategy seeks to create an enabling environment for access to data to develop the digital economy, adding that it also supports the development of Data Infrastructures, Data for Public Good, Open Government Data, Data Privacy and Protection, and Upskilling Nigerians in both public and private sectors”.
The DG opined that data collection/acquisition, transmission, storage/warehousing, processing, use, and protection must be carried out in a manner that is respectful of the rights enshrined in the constitution of Federal Republic of Nigeria.
He added that Nigeria Data Protection Bureau (NDPB) has also been created to further mainstream data privacy and Protection.
Presenting the Nigeria Data Strategy to stakeholders Mr. Lukman Lamid said “the essence of the engagement is not just to have an excellent document but one that can be implemented”.
He said the vision of NDS is “to make Nigeria one of the top leaders in the global data economy translating into prosperity of all.”
Mr. Lamid explained that, “the mission of the NDS is harness the economic and social values of data for the advancement of Nigeria. He added that the goal is to make data as accessible, sharable, and actionable as possible for all categories of stakeholders who might need it for economic and social gains.”
While noting that the value proposition of the NDS is ownership, security and privacy, public good, job creation, and global competitiveness.
Mr. Lamid said it will also take cognizance the global issues around Data and Data Strategy such as; data security and protection, data privacy, data sovereignty, and data mobility and cross-border data flows.
The event witnessed four break-out sessions. While the first and second break-out session focused and made recommendation on the NDS aspirations (vision, mission, goals, objectives, principles, and value proposition), Governance, and Ecosystem structure, the third and fourth discussed and made recommendations on the NDS enablers, drivers, pillars, and implementation strategy.
E-Business
Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.
The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.
The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.
In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.
Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.
A spokesperson for Huawei did not respond to questions.
Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.
Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.
The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.
SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.
Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.
In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.
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”.
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