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MTN Partners InterSwitch on Virtual Top-Up Solution

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MTN Nigeria and InterSwitch, a major e-Payment platform provider in Nigeria have launched an electronic charge (e-Charge) solution, which enables subscribers to the MTN network top up their mobile phones without having recourse to recharge cards.
This service allows InterSwitch debit cardholders the convenience of recharging their mobile phones on any InterSwitch enabled Automated Teller Machine (ATM) and Point of Sale (PoS) terminals across the country.
However, the service has been activated on the ATMs of 10 Nigerian banks which include: First Bank, Union Bank, GT Bank, Intercontinental Bank, Fidelity Bank, Skye Bank, Spring Bank, UBA, Unity Bank and Access Bank.
The MTN Virtual Top-Up (VTU) solution comes with no charges and cardholders who are MTN subscribers can buy any amount ranging from N50 to N6, 000; and have the option of recharging other people’s phones from an ATM or PoS terminal.
It is available to both pre-paid and post-paid subscribers on the MTN network. A post-paid subscriber can re-activate his line or prevent it from being disconnected using the VTU platform.
However, the solution has been engineered in such a way that there is always evidence each time a transaction is performed. Besides getting a printout slip, an SMS notification is sent to the subscriber’s phone confirming the transaction – this bears the reference number of the transaction, date, time and the address of the ATM.
MTN Nigeria said that the m-Commerce innovation would undergo series of transformation, going live on ATMs and PoS terminals at present. Subsequent platforms would include the mobile phone, Internet, as well as kiosks.
Both companies have also teamed up to address issues, which may arise from the use of these services. More so, subscribers who encounter problems during transactions have been advised to call the appropriate MTN helpline or consult InterSwitch’s ExtraSwitch platform for reconciliation of transactions.
VTU is the remote top-up or recharge of lines without the need for recharge PIN.


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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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