The Lowdown: 7 things in tech that’ll interest you this week — February 12
- CBN ban cryptocurrency
The Central Bank of Nigeria (CBN) issued the directive on the prohibition of banks/individuals from buying, selling and using cryptocurrency in the country, said it is used to “conduct many illegal activities such as money laundering, terrorism financing, purchase of arms and weapons, and tax evasion.”
Read full story here
2. Elon Musk’s Tesla buys cryptocurrency
The $1.5bn purchase of bitcoin by Elon Musk’s car company, Tesla saw bitcoin rise up to about a whopping 25%.
Read story here
3. What you should know about remote working
Founder and CEO of Firstbase, Chris Herd shares his experience dealing with 2000+ companies and what you need to know in a thread on Twitter.
Read thread here
4. NIN over BVN
The Federal Government of Nigeria, in a statement made by the Minister of Communications & Digital Economy, Dr. Isa Pantami, says it is set to replace the Bank Verification Number (BVN) with the National Identification Number (NIN).
Read full story here
5. Twitter subscriptions?
In a bid to add to its revenue streams other than advertising, Twitter Inc. will explore subscription products and other paid features.
Read story here
6. IROKO to list on the London Stock Exchange
Nigerian media company, IROKO intends to improve brand position by going public on the London Stock Exchange (LSE).
Read full story here
7. Look out for these African tech trends in 2021
Wondering what this year would look like for the African tech industry? Take a look at TechCabal is saying.
Read here
Till next week.
