Telecom
How Bitget’s BGB Became the Best Performing CEX Token in 2022

Although the last year has undoubtedly been a bear market, some cryptocurrency trading platforms made a great job of proving that the success of exchange tokens is closely tied to the success of the platforms they represent. While the year was not entirely successful for the majority of them, Bitget still managed to successfully manoeuvre its way through the wreckage of both the Terra and FTX collapses. BGB token demonstrated positive yearly dynamics, raising the all-time high (ATH) price bar several times last year.
Bitget Token (BGB) — Biggest Winner From FTX Collapse
Source: CoinMarketCap
The BGB token turned out to be the only exchange token that stayed green all year round. The asset posted an unprecedented 136% year-over-year gain, with prices lifted in March and October and reaching its ATH of $0.4 on February 15, 2023.
Bitget massively benefited from the FTX collapse, increasing its share of the crypto derivatives trading market from 3% to 11%, according to the Token Insight report. A Boston Consulting Group report shows that in 2022, Bitget ranked among the top three crypto exchanges in terms of cryptocurrency derivatives trading volume, with a total trading volume growth of more than 300%.
As the Bitcoin options market sees whales opting for bullish strategies and amidst the market volatility in general, the demand for crypto derivatives as an instrument for hedging risks and earning stable profits is higher than ever. Since the second half of 2022, crypto derivatives volume has been growing faster than the spot market.
According to data from CryptoCompare, in January 2023, derivatives trading volume showed a monthly gain of 76% reaching $2.04 trillion, the largest percentage increase since 2021, and currently representing 70% of the entire crypto market.
The exchange’s foray into the spot market has been another contributing factor to the growth in the price of BGB. Bitget added AI (Artificial Intelligence), Arbitrum, and NFT zone listings to its Innovation Zone for early-stage exposure to related tokens. Within a week, 21 assets were listed in the Innovation Zone, while Future (AI) witnessed the biggest gain of 1263%.
Not only that. BGB token has reached its ATH several times over the past year driven by major partnerships, market expansion and the launch of pioneering products such as copy trading. It is noteworthy that in 2022 the token never dipped below the price of 2021, unlike other cryptocurrency exchange coins. In addition, BGB rallied impressively in October, breaking its price record after Bitget announced its partnership with prominent football player Lionel Messi.
The financial and technical stability of the exchange also played a big role in maintaining a stable price of its token throughout the year. Bitget is the only exchange among today’s top five that has never faced hacking attacks. The platform management did not reduce its staff, but indeed increased the number of employees by five times to 1,100 people in January 2023. This allowed the company to minimize the consequences of the market fall and show record financial and quantitative indicators in the new year.
Telecom
Anambra ICT Agency Celebrates GOVTECH Awards, Applauds Soludo’s Digital Vision

Chukwuemeka Fred Agbata, CFA, md/ceo of the Anambra State ICT Agency, has extolled Governor Charles Chukwuma Soludo, CFR, for his unwavering commitment to technology adoption in Anambra State, a vision that has positioned the state as a shining example of digital governance in Nigeria.
This recognition follows Anambra’s outstanding performance at the Nigeria GOVTECH Gala & Awards 2025, where the state clinched two prestigious honours at the Presidential Banquet Hall, Abuja.
The Anambra State Ministry of Budget and Economic Planning emerged as Best State MDA in Technology-Driven Governance, while the Anambra State Bureau of Public Procurement received the Excellence in Digital Public Procurement Award.
The Commissioner for Budget and Economic Planning, Chiamaka Nnake, and the DG of BPP, Okechukwu Ezeobi, also received Trailblazer Awards for exemplary leadership.
Speaking on the win, CFA commended his colleagues for working closely with the Agency to deepen technology adoption, and reaffirmed the ICT Agency’s commitment to powering the digital infrastructure that supports efficient and transparent government operations in line with Governor Soludo’s “Everything Technology, Technology Everywhere” mantra.
“These awards underscore what is possible when agencies work together with a shared vision,” CFA said. “The ICT Agency is proud to support and enable the digital systems that make such milestones possible.”
He further pledged that the Agency would sustain the momentum by expanding digital integration across government processes, ensuring that Anambra remains at the forefront of e-governance innovation in Nigeria and beyond.
Telecom
IHS Closes Deal to Sell Rwanda Operations

IHS Holding Limited (IHS Towers), an independent tower company, has completed the sale of 100% of Rwanda operations to Paradigm Tower Ventures.
First announced in May, the deal is worth $274.5 million, representing a transaction multiple of 8.3x adjusted EBITDA after leases, and includes about 1,465 sites.
According to IHS Towers, the sale of the company’s Rwanda operations is part of its strategic initiatives targeted at shareholder value-creation options following over ten years of commercial success in the East African country.
The acquisition IHS Rwanda will mark the first investment by Paradigm’s new Sub-Saharan African tower platform, whose focus is on the growth of new build shared wireless infrastructure across the region.
Paradigm is backed by a consortium of equity and debt finance providers, including Convergence Partners and Rand Merchant Bank, a division of FirstRand Bank Limited, who acted as mandated lead arranger, sole funder and financial advisor.
Stephen Harris, co-founder and chairman of Paradigm previously commented: “Rwanda represents an exciting market with high demand for shared wireless infrastructure. The Paradigm team is very much looking forward to building a strong customer focused business, providing high quality and secure infrastructure to mobile network operators.”
Telecom
NCC Launches DMS to Block Fake, Stolen Phones from Mobile Networks

Nigerian Communications Commission (NCC) has announced the implementation of a Device Management System (DMS) designed to block fake, cloned, and stolen phones from accessing Nigeria’s mobile networks.
The system, which has been in development for nearly a decade, will track mobile devices through their International Mobile Equipment Identity (IMEI) numbers across the country’s telecommunications networks.
The initiative follows Nigeria’s recent nationwide migration to the NINAuth digital ID verification platform, demonstrating the country’s commitment to modernizing its telecommunications infrastructure.
Operating through a Public-Private Partnership (PPP) framework, the DMS marks a significant step in regulating Nigeria’s telecommunications device market.
The initiative addresses the prevalent issue of counterfeit and unregistered phones in the country, where estimates indicate that up to 40 percent of mobile devices and tech gadgets are fake or substandard.
The challenge mirrors similar issues faced by other African nations, such as Uganda, which recently launched its own “Simu Klear” system to address counterfeit devices.
According to the NCC, the implementation will proceed gradually to minimize disruption to legitimate users. “Substandard and fake devices can be prevented from connecting to the networks due to the harmful impact these devices have on the quality of services and online safety of the users,” the Commission stated.
The IMEI-based tracking system builds on successful implementations in other regions, where similar technology has been used to recover lost and stolen devices.
The widespread presence of counterfeit devices in Nigeria has been attributed to various economic factors, including inflation, unemployment, and reduced purchasing power, which have led consumers to seek cheaper alternatives despite associated safety and security risks.
The risks include potential exposure to malware and security vulnerabilities, similar to recent incidents where banking trojans have targeted Android users through counterfeit applications.
Dr. Aminu Maida, executive vice chairman, NCC, has made the DMS initiative a key part of his broader regulatory agenda, which emphasizes protecting telecom assets and improving network quality.
The system supports the Commission’s focus on transparency, accountability, and infrastructure protection in Nigeria’s telecommunications sector, which serves over 200 million people.
The effort complements other recent security initiatives in the country, including PalmPay’s multi-layered security strategy to combat digital payment fraud.
The DMS implementation features several key components, including IMEI-based device identification and blocking capabilities, integration with existing network infrastructure, and coordination between public and private sector stakeholders to ensure effective enforcement.
The comprehensive approach reflects the growing importance of mobile device security in an era where authentication methods are rapidly evolving to counter sophisticated cyber threats.
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