FLIPPING THE “NAIRACOIN”: THE LEGAL SIDE OF CRYPTOCURRENCIES

Borderless Financial transactions are suddenly upon us and novel ways of storing value; Money, stocks, shares, derivatives, Gold bars, artworks, real estate and more recently Cryptocurrencies such as Bitcoin, Ripple- XRP, Binance and Ethereum. In July 2016 more than 700 cryptocurrencies were available for trading digitally worldwide, with only 9 of them having market capitalizations worth $10 Million dollars (1) today there are over 1500 cryptocurrencies with a market capitalization of over $1trillion Dollars (2) the price of a bitcoin currently barring any issues of volatility is about $55,000 Dollars. (more…)

LEGAL PITFALLS OF CYBERCULTURE IN NIGERIA

Written by Adetokunbo Onikosi – Partner AOCATERNIZ

Everyone with a digital device is either swiping, pinching, chatting, posting or texting information in the form of messages, pictures and videos to family, friends or business partners. The contents of these photos, write ups or videos are totally at the discretion of its author. It may impact an individual or group positively or otherwise depending on the actions the particular post wants to elicit. The foregoing represents the Ubiquity of a fast evolving global Cyber-culture generally referred to as SOCIAL MEDIA. (more…)

“Laws of Everything” and the Digital Economy

Written by Adetokunbo Onikosi – Partner AOCATERNIZ

INTRODUCTION
The buzzword around ICT circles in Nigeria these days is “Broadband” technically it refers to high-speed data transmissions over the internet using different technologies such as; 4G, LTE and WIM AX -the Broadband ecosystem comprises of the Networks, devices, applications and Content. This presupposes that a lot of Bandwidth will be required to transmit large amounts of Voice, data and video information at accelerated Megabits or terabytes per second. A common scenario for Nigerian businesses is when you want to download work related documents from a server located several miles across the Atlantic and you literally can go and make a cup of coffee while you wait for your document to download ;coupled with public electricity access bottlenecks that greatly hinder productivity. This equates to a low Broadband quality index and a digital divide gap.[1]

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DIGITAL BROADCASTING: LEGAL RULES IN A CONVERGENT MARKETPLACE

Introduction
The African Continent has witnessed significant changes since the advent of information and communication technologies (ICTs) in the region within the past two decades, this revolution which has engulfed the entire world is visible through the immense capabilities of the internet, seamless communications provided by telecommunications networks and the more recent advancements in digital broadcasting; which promises better pictures and sound, uses spectrum more efficiently, allows for more interactivity and opens up new economic and competitive paradigms. (more…)