E-Business
Sasware @ Gitex, To Support Nigeria Technology Start-Ups

Sasware, the only Nigeria technology investment company present at Gitex Technology Week held in Dubai recently has pledged its support for technology start-ups in Nigeria.
Collins Onuegbu, Founder of Sasware made this pledge during the visit of the federal government delegation led by Dr. Tunji Olaopa, Permanent Secretary Ministry of Communications Technology to the company’s exhibition stand during the event.
“Our primary interest to see Nigeria grow by supporting technology and technology-enabled business initiatives in Nigeria. These we do through incubation, entrepreneurship, mentoring and venture capital investment.” Says Onuegbu.
Dr. Olaopa, who represented the Minister, Mrs. Omobola Johnson commended Sasware. He said their mission and activities deserve commendation and the federal government wants them to continue with their good works. He also promised to explore avenues which the ministry will work with Sasware to further deepen support to technology our start-ups in Nigeria.
The federal government delegation led by Olaopa included; Dr. Akin Omotosho, Nigeria Consul-General to Dubai Emirate; Dr. Tosin Ajayi, Chairman of Board, Nigeria Information Technology Development Agency (NITDA); and Peter Jack, Director General NITDA.
Speaking further Onuegbu informed the delegation that Sasware will need all the support and partnerships it can get from the government to expand this initiative in order to boost the economy and create more job opportunities for Nigeria youths.
Peter Jack said NITDA is continuously exploring ways it can to transform Nigeria through technology and what Sasware is doing falls within thestrategy.
Sasware is a technology venture subsidiary of Signal Alliance a leading Nigerian systems integrator with over 18 years’ experience in the development of IT infrastructure for major organizations in Nigeria. Sasware was set up to tap into opportunities created by the fast evolution of technology and adoption in Nigeria as the country rebuilds its infrastructure to match its ambition as the biggest economy in Africa and one of the top 20 in the world.
Sasware invests in early startup technology companies in Nigeria from a startup fund that was set up by Signal Alliance. The company also does specific incubation programs for Signal Alliance as a diversification strategy for the group. Other areas of business include Incubation-On-Demand, Corporate Venture Capital and Asset Development / Management. The company’s initial focus is on technology and technology-enabled businesses.
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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