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Industry Analysis
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Technext industry analysis helps you see beyond the headlines by following the news behind the news, following through, revealing what is in-between and pointing out what is evident but not glaring.
eNaira sees a 63% spike in transactions amid Naira scarcity, yet most Nigerians remain indifferent
Nearly two years after its launch, the Nigerian Central Bank Digital Currency (CBDC), the eNaira, is finally showing…
Why the world’s cheapest and most expensive broadband are both in Africa
At a time when the demand for internet access is on the rise globally, Africa is home to…
Failed cashless transactions shrink e-payment in Nigeria by 4.8% in February
The value of e-payment transactions in Nigeria fell to N37.67 trillion in February, the latest data from the…
Stablecoins are becoming unstable; will $USDC end up like Terra’s $UST?
The crypto community was in temporal jeopardy over the weekend when, due to reports that several crypto-friendly banks…
Nigerians’ cinema behaviour is quite inconsistent, and not even cultural nuances can explain
A cultural factor that can influence cinema behaviour in Africa is the role of storytelling. In many African cultures, storytelling is a significant part of the oral tradition
Nigeria’s broadband penetration hits 48% contrary to FG’s previous claim of 100%
Nigeria's broadband penetration monthly growth rate just 0.5%
Why YouTube is the social media app with most users in Nigeria
Social media usage in Nigeria has grown significantly in the past decade, spurred by the need for basic…
Crypto layoffs decreased by 80% in February; is the FTX contagion over?
Layoffs in the nascent crypto industry, which reached alarming heights towards the end of 2022 and early 2023,…
Nigerians still overpay for sub-standard internet service in 2023
Thanks to a growing population of digital-savvy young people and deepening broadband penetration, internet adoption in Nigeria has…
Would blockchain technology have prevented ‘irregularities’ in the 2023 Nigerian elections?
Blockchain could also be used to record and report votes and prevent voter fraud in elections. Voters can effectively submit their votes without revealing their identity or political preferences to the public.
