E-Business
Microsoft Elevates Nigerian Operations to Subsidiary Status

Microsoft has announced the elevation of Microsoft Nigeria to a stand-alone subsidiary in recognition of the maturity of the market and the immense opportunities the country offers.
These opportunities include fast economic growth, the largest GDP in Africa, a new generation of entrepreneurs and a business-friendly government that is rapidly expanding ICT infrastructure development.
Commenting on the decision, Kabelo Makwane, managing director for Microsoft Nigeria said, “Nigeria is one of the company’s most important markets in Africa, hence the elevation of Microsoft Nigeria to a single-country subsidiary was inevitable. The Company is set to double its efforts in skills development, innovation support and access provision for people across Africa and Nigeria in particular, growing the business and thus to creating more economic opportunities.”
According to the National Bureau of Statistics (NBS) the Nigerian economy grew by 89 percent to N80.3 trillion ($509.9bn) in 2014, making it the world’s 26th largest economy.
These stats highlight that Nigeria is a land of opportunity for business of all sizes, especially SMEs that form 90 percent of the businesses in the country.
The company plans to drive down cost of data for SMEs that often don’t have the capital for IT infrastructure investment and rapidly expand its cloud offerings.
This is in line with Microsoft’s rapid transition to a devices and services company to deliver seamless, cloud-based experiences across hardware, software and services.
“The renewed emphasis by the Nigerian government on the ICT sector holds considerable promise for what technology can bring to consumers and businesses. It is the perfect opportunity for the company to use the technology, talent, time and money to help create sustainable growth in the country and across Africa”, said Makwane.
Microsoft has been operating in Africa for 22 years and in Nigeria for 14 and has a current local partner ecosystem of 1,750 members across the country.
In addition, through its partner ecosystem in Nigeria, Microsoft has created 45 000 jobs, supported 300 start-ups, reached three million students through the Partners in Learning programme and seen 65 000 downloads of free Dream Spark developer tools.
“In the 22 years that Microsoft has been operating in Africa, the company has been helping to improve people’s lives by enabling them to realise their potential through technology. ICT holds great transformational opportunity for Nigeria. Innovation will help the country leap from the industrial revolution into the information era,” concluded Makwane.
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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