₦airaland Forum

In a stunning blow to the cryptocurrency ecosystem, Bybit—a leading global exchange—has fallen victim to a historic $1.5 billion hack, widely regarded as the largest crypto heist ever recorded. The attack, confirmed on February 21, 2025, targeted the exchange’s cold wallet, an offline storage system designed to safeguard digital assets. Hackers swiftly dispersed the stolen funds, predominantly Ethereum (ETH), across multiple wallets and liquidated them via various platforms, sending shockwaves through the industry. Here’s a detailed breakdown of the breach, its implications, and the ongoing response.

For more on the story, click the link below
[url][https://rebruit.com/bybit-suffers-record-breaking-1-5-billion-crypto-heist-lazarus-group-suspected/]

On Wednesday, Samsung Electronics officially launched its highly anticipated Galaxy S25 series, showcasing cutting-edge technology with a custom chip and enhanced AI capabilities.

Check out the GalaxyS25 Series Ai features in the link below
[url][https://rebruit.com/galaxy-s25-the-ai-revolution-in-your-pocket/]

The Kenya Wildlife Service (KWS) has also experienced and reported some technical problems since transferring all park and reserve payments to the e-Citizen platform. According to KWS, these problems lead to delays, especially when handling a large crowd like the weekends or holiday seasons. An example of such a situation was when foreign tourists and Kenyans were stranded at the entry point for over three hours.

read the story in the link below
[url][https://rebruit.com/kenyas-e-citizen-payment-continues-to-glitch-today/]

The Moonshot event revealed that the absence of laws and data is hindering the growth of carbon credit financing in Africa. While there has been a surge in carbon credit financing, it is crucial to address existing gaps to facilitate more widespread adoption and growth.

click the link below
[url][https://rebruit.com/moonshot-unlocking-africas-carbon-credit-potential/]

Scale is confident in the growth prospects of its card issuance service within the continent’s expanding FinTech market, valued at $230 billion by 2025.

read the full article Below
[url][https://rebruit.com/south-africas-scale-raises-700000-for-card-issuance-platform/]

The deal included a cash component of $13 million and its value increased by $10 million compared to the initial report, as Lesaka’s stock price rose by 27%.

full info below
[url][https://rebruit.com/lesaka-technologies-buys-adumo-for-96-million/]

Nigerian residents using Starlink’s 1 TB plan will now pay ₦75,000 ($48) monthly, a significant increase from the previous ₦38,000 ($24).

the new price lists
[url][https://rebruit.com/starlink-is-now-%e2%82%a675000-in-nigeria/]

Fintech is yet to disclose its valuation after the recent funding round. Since it was previously valued at $5 billion after it raised $232 million in 2021, speculations suggest its current valuation to be at $7-10 billion.

read the full article below
https://rebruit.com/zepz-gets-a-267m-boost-from-world-bank-accell-and-tcv/

With ₦5,000 worth of gas, it can take a round trip from Lagos to Ibadan. At the current fuel price, the same journey would cost at least ₦30,000.

Are these people sure?

Click the link to read the full story [url][https://rebruit.com/how-rising-fuel-costs-are-driving-nigerias-transition-to-cng/]

Safaricom and Starlink are currently battling on who will be Kenya's Number 1 Internet service provider, making both companies offer amazing internet speeds and data plans to customers...
And a whole MTN cannot give 10 MB per sec as standard in Nigeria. What a shame.

abeg read the kenya story using the link below
[url][/url]https://rebruit.com/safaricom-vs-starlink-a-battle-for-internet-supremacy/

Safaricom and Starlink are currently battling on who will be Kenya's Number 1 Internet service provider, making both companies offer amazing internet speeds and data plans to customers...
And a whole MTN cannot give 10 MB per sec as standard in Nigeria. What a shame.

abeg read the kenya story using the link below
[url][https://rebruit.com/safaricom-vs-starlink-a-battle-for-internet-supremacy/]https://rebruit.com/safaricom-vs-starlink-a-battle-for-internet-supremacy/

MoMo Payment Service Bank (PSB) is experiencing significant leadership changes following the resignations of its CEO, Eli Hini, and Chief Commercial Officer, Elsa Muzzolini. Muzzolini announced her departure to MoMo PSB employees in July, citing a new opportunity as CEO of M-PESA Ethiopia, Safaricom's mobile money venture. While Muzzolini's next move is confirmed, Hini's future plans remain undisclosed.

To read the full article Click on the link [url][https://rebruit.com/momo-psb-faces-leadership-crisis-as-ceo-and-cco-resign/]

TymeBank, the South African digital bank, is making its mark in the Asian market as it sets to launch an Indonesian branch by the end of 2024. Once achieved, Indonesia will become the bank’s third Southeast Asia market after the Philippines in 2022, and Vietnam in January 2024.

click the link below to read the full story
[url][https://rebruit.com/tymebank-enters-indonesia-southeast-asia-expansion/]

Even after the death of the Access Bank owner earlier this year, the bank is still making bold purchasing moves.
Reports state that the deal will be finalized after the Central Bank of Kenya (CBK) and the Competition Authority of Kenya (CAK) approve the Nigerian bank’s acquisition of the National Bank of Kenya from the KCB Group.

In March 2024, the KCB Group announced they would sell the National Bank for 1.25x of its book value. Given the 2023 book value for the NBK is $79.77 million, speculations place the price tag at around $100 million.

Click on the link below to read the full article
[url][https://rebruit.com/access-bank-acquires-national-bank-of-kenya/]

Even after the death of the Access Bank owner earlier this year, the bank is still making bold purchasing moves.
Reports state that the deal will be finalized after the Central Bank of Kenya (CBK) and the Competition Authority of Kenya (CAK) approve the Nigerian bank’s acquisition of the National Bank of Kenya from the KCB Group.

In March 2024, the KCB Group announced they would sell the National Bank for 1.25x of its book value. Given the 2023 book value for the NBK is $79.77 million, speculations place the price tag at around $100 million.

Click on the link below to read the full article
[url][https://rebruit.com/access-bank-acquires-national-bank-of-kenya/]

While the main camera will maintain its 48MP resolution and f/1.6 aperture, the UltraWide camera is expected to have a faster f/2.2 aperture for improved low-light performance. Additionally, people are speculating that these models will introduce a new feature of macro photography.

click on the link below to read the full article.
[url][https://rebruit.com/iphone-16-specs-a-massive-leak/]

In April 2023, the investigation into the bank was initiated after a customer had reported that the bank used their personal information to open an account without authorization.

However, the fine is only 0.1% of Fidelity Bank's 2023 profits meaning that the the bank made over ₦500 billion in 2023.

click on the link below to read the full article on the issue.
[url][https://rebruit.com/fidelity-bank-faces-%e2%82%a6555-8-million-fine-over-data-violations/]

Does this recent development indicate that the Nigerian government, which instigated the ban on P2P trading, is finally accepting crypto after blaming the digital assets for its currency volatility in the foreign exchange market?

Click on the link below to read the full article...
[url][https://rebruit.com/is-nigeria-finally-ready-for-crypto-sec-to-issue-crypto-licenses-in-august/]

Does this recent development indicate that the Nigerian government, which instigated the ban on P2P trading, is finally accepting crypto after blaming the digital assets for its currency volatility in the foreign exchange market?

Click on the link below to read the full article...
[url][https://rebruit.com/is-nigeria-finally-ready-for-crypto-sec-to-issue-crypto-licenses-in-august/]

The Nigerian blockchain payment infrastructure, Zone has partnered with the Nigerian Inter-Bank Settlement Scheme (NIBSS) to incorporate blockchain technology into Point-of-Sale (POS) terminal payments.

click on the link below to read the full article

[url][https://rebruit.com/zone-nibss-collab-to-make-pos-payments-use-blockchain-tech/]

The Kenyan Agritech startup, Twiga Foods will lay off 59 employees as it plans to restructure its business model after a series of setbacks, and legal battles. In August 2023, Twiga Foods laid off over 280 employees, highlighting cashflow problems including its inability to pay staff and vendors.

click on the link below to read the full post.
[url][https://rebruit.com/twiga-foods-faces-tough-times-fires-59-employees/]

The Visafone chapter has closed for MTN, but not without a hefty price tag. The company has revealed a significant loss following the shutdown of its once-promising subsidiary.
Read about the details of the loss using the link below
[url][https://rebruit.com/mtns-billion-dollar-mistake-the-visafone-story/]

Between 2021 and 2023, Nigeria spent ₦101.744 billion on its space program, which 2016 promised to send an unmanned mission to Mars by 2022 and a manned mission by 2030. However, the agency failed its 2022 target and will probably also fail that of 2030.

for the full story, click the link below
[url][https://rebruit.com/nigeria-squanders-over-%e2%82%a6100-billion-on-unproductive-space-program/]

The solar energy company got the investment funding in February 2024. But 5 months later, the company said that it doesn't to operate and began firing its employees.
To read more about the careless money management, check the link below

[url][https://rebruit.com/hohm-energy-in-trouble-months-after-8m-raise/]

Although losing $19 million (₦30.04 billion) between April and June, caused by currency devaluation and inflation in most of the African countries in which it is operating, Jumia is working hard to become profitable and survive the current inflation plaguing its market.

Want to know more?
Check out our website.
[url][https://rebruit.com/jumia-cuts-losses-to-19m-%e2%82%a630bn-despite-forex-challenges/]

Can you imagine?
After recording a loss of ₦38.8 billion in the first half of 2023, the CBN will still support its merger with ₦700 billion.
check the link below for more info
[url][https://rebruit.com/unity-bank-seeks-n700-billion-support-from-cbn-for-providus-bank-merger/]

The culprit of the crime which was a First Bank operations manager is still on the run. I heard that he was stealing the funds for over 2 years.
check the link below for more information on the fraud.

[url][https://rebruit.com/first-bank-fires-over-100-employees-freezes-accounts-amid-%e2%82%a640bn-fraud/]

The decline in Bitcoin prices has sent cryptocurrencies into a downward spiral, with all cryptocurrencies experiencing losses.
But it's just another cycle, so relax.
[url][https://rebruit.com/bitcoin-dips-to-52000-as-ethereum-falls-to-2100/]

Who else had network issues yesterday? Just to reduce the number of posts online concerning the protest, these our network providers decided to disrupt the service. Are we not all suffering the same problem here?
Abeg check the post below for more information.
[url][https://rebruit.com/nationwide-internet-blackout-on-day-1-of-nigerian-protests/]

Finally, someone is taking the helm of affairs at 9mobile. The network service provider was showing some promise then all of a sudden, things went downwards as the company recorded losses after losses. That includes customers, partners, and workers.
Check the post below for more information.

[url][https://rebruit.com/lh-telecoms-takes-over-9mobile/l]https://rebruit.com/lh-telecoms-takes-over-9mobile/