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Industry Analysis

“Crackdown on Binance is right but the approach is wrong”- A chat with Oladotun Akangbe of Flincap 

Oladotun thinks that the Nigerian government needs to set up committees to study the industry and dialogue with stakeholders to determine the best approach to…

By: IBK

Over $22bn was laundered through cryptos in 2023, but that figure is still far below cash- Chainalysis Report

A report from blockchain analytics company, Chainalysis has revealed a worrying trend in money laundering through cryptos as a whopping $22.2 billion was transferred into…

By: IBK

Cisco to lay off over 4,000 workers globally

Network equipment maker, Cisco, has announced plans to lay off more than 4,000 workers, representing 5% of its 85,000 global workforce….

By: Wura Oba

N900 million minimum capital for IMTOs, here’s what the new CBN requirements mean for players

In a revised guidelines document released on Wednesday, the Central Bank of Nigeria (CBN) has established a minimum operating capital requirement for International Money Transfer…

By: IBK

Global crypto community lost at least $210 million to hacks in January 2024

One of the issues that have always plagued the burgeoning crypto industry is hacks and exploits. To cap off a memorable January of 2024, reports…

By: Africa Innovation Watch

CBN lifting the crypto ban and what it means for Nigerian crypto users

The journey from the imposition of the crypto ban in February 2021 to its removal in December 2023 reflects the dynamic nature of the crypto…

By: IBK

Global mobile app spending hits $171bn in 2023 fueled by social apps and creators

2023 witnesses a global surge in mobile app spending as the numbers reached a staggering $171 billion….

By: IBK

How Mastercard’s contactless solutions is driving digital payment transformation in Nigeria

Contactless payment options will make it easier for Small and Medium Enterprises to accept payments…

By: IBK

Nigeria has one of the most expensive internet plans in the world- Report

According to a recent study conducted by Picodi Nigeria’s analyst team, Nigeria is among the countries with relatively expensive internet plans and access….

By: IBK

Here is how much 1GB of data costs in Africa’s top 10 economies

The top 5 countries where the cost of 1GB of data is the cheapest are Nigeria ($0.37), Ghana ($0.40), Kenya ($0.59), Morocco ($0.63), and Egypt…

By: IBK

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