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C-Suite Executives Declare One Vendor Approach to Cloud is Dead – IBM Study

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According to the results of IBM’s new global study on cloud transformation that surveyed almost 7,200 C-suite executives across 28 industries in 47 countries – including more than 140 in Nigeria – there has been a drastic shift in business needs.

The study, conducted by IBM Institute for Business Value (IBV) in cooperation with Oxford Economics, revealed thatno respondents in Nigeria reported using a single private or public cloud in 2021, down from 38 percent in 2019 – establishing hybrid cloud as the dominant IT architecture.

The findings indicate that the cloud market has entered the hybrid, multicloud era and concerns around vendor lock-in, security, compliance and interoperability remain paramount.

The study also revealed that 59 percent of respondents noted the lack of interoperability among clouds was an obstacle to improving business performance in some or most parts of their cloud estate.

“Organisations across Nigeria have shown increased confidence in hybrid cloud models to deliver greater innovation while reducing costs, driving efficiency and ensuring security and compliance. This will drive the next wave of digital transformation for organisations here as they set out to deliver superior customer experiences,” says Dipo Faulkner, General Manager IBM West Africa.

The study found that a majority of respondents recognised that comprehensive to advanced cloud capabilities were required for the successful execution of digital initiatives – with 77 percent  stating that this was crucial to building ecosystem platforms and 86 percent revealing this was required to improve customer experiences.

While the hybrid cloud approach has taken hold, respondents in Nigeria revealed that technology debt or legacy brownfields were the biggest obstacles to improving business performance – with 68 percent revealing that this was an obstacle in some or most parts of their cloud estate.

Cyber threats are at an all-time high 1

Infrastructure complexity is creating cracked doors that cybercriminals are exploiting. The study revealed the importance of data security, as 87 percent of respondents said data security being embedded throughout the cloud architecture​ is important or extremely important, in most cases, to successful digital initiatives.

Companies are denouncing vendor lock-in

According to the study, nearly 83 percent of respondents said workloads being completely portable with no vendor lock-in​ is important to the success of their digital initiatives. Only 50 percent of respondents reported battling with vendor lock-in, stating this is an obstacle to improving business performance in some or most parts of their cloud estate.

Public cloud adoption is evolving towards industry clouds

The study found that nearly 56 percent of respondents cited industry-related regulatory compliance as an obstacle to the business performance of their cloud estate.

The study revealed that enterprises need to assess how they use the cloud in terms of adoption, velocity, migration, speed, and cost savings opportunity. Other recommendations include:

  • Focus on security and privacy – determine where your critical workloads reside and scrutinize who and what has access to them. Regularly test that security controls and privacy policies are being adhered to, but also that improperly configured assets and software vulnerabilities are being promptly addressed.
  • Ask which workloads should move to the cloud – take inventory of the IT environment to successfully determine which workloads and applications will yield the most value in the cloud and which are better suited to stay on-premises. 
  • Make data work for you – analyze workloads using AI driven tools and best practices to determine where and how to put them in the right place for the right reason.
  • Set a tactical approach – address the technology trade-offs, such as selecting the best approach to modernize specific applications and manage important issues like security, governance, and disaster recovery.
  • Determine the right team – put a cross-disciplinary team of people to work rethinking how your enterprise creates value for its customers.

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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A Billion-Dollar Obsession in 90-Second Bites

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About ₦2 billion changes hands in bets every day (KPMG Gaming Outlook 2025), driven by a 60-million-strong punter base that treats wagering as both entertainment and side-hustle. Industry revenue is on pace to hit US $3.63 billion in gross gaming revenue (GGR) by December 2025 – roughly the size of Nigeria’s entire recorded-music market.

Smartphones rule this universe: more than 90 percent of slips now start and finish on a handset, which is why the market leaders obsess over data-lite apps and USSD deposits almost as much as odds feeds.

Our Litmus Test for “Best”

To separate hype from heft we graded each book on the nine variables that still matter after the banner ads fade:

  1. Odds edge & market depth – average margin on EPL, NPFL and niche sports
  2. Live tech stack – cash-out latency, in-play uptime, streaming rights
  3. Payout speed & reliability
  4. Responsible-gaming tools (RG) – time-outs, self-exclusion, deposit caps
  5. Licensing strength & dispute history
  6. Promotions that actually pay
  7. Product breadth – virtuals, jackpots, prediction games, casino
  8. Financial resilience – operating cash flow, retail footprint, VC war chest
  9. Cultural traction – agent networks, grassroots sponsorships, meme power

The Heavyweights – and Why Each Owns a Piece of The Best

OperatorWhat They NailTicking Time-BombsVerdict
SportyBetBiggest traffic (≈ 57 M visits / month), sub-5-second cash-outs, crazy-low EPL margin (~4.5%).Still no retail city hubs; crash loops on older Tecno devices.Mobile kingpin
Bet9jaHeritage trust, retail agents in 20 states, jackpots like Super9ja; circa ₦10 billion monthly handle.Dated UX; odds less sharp since 2024 revamp.Legacy war-horse
BetKingData-driven odds, Genius Sports in-play feed, renewed deal with Gamble Alert for RG training.Slower KYC queues at peak traffic.RG poster-child
Surebet247NLRC Permit 0001081; cash-first agent model with mobile slip tracking; boosted welcome bonus to ₦150k; full cash-out on domestic basketball.Android app, iOS app; livestream rights still pending.Mobile dark horse
1xBet & BetwayGlobal market buffet, esports, crypto options.Offshore-licence optics; occasional geoblock glitches.International muscle
NairaBet, AccessBET, Msport, Premier Bet, BetPawaNairaBet = pioneer cachet; Msport & BetPawa blitz TikTok; Premier Bet just signed Francis Ngannou.Each misses at least one core pillar (RG tooling, market depth or fast payouts).Specialist niches

Two Deep-Cut Insights the Billboards Won’t Show You

  1. Women are quietly reshaping the market. According to University of Abuja (“according to data from the University of Abuja”), 30 percent of urban Lagos women now gamble regularly, and a 2025 field survey found daily spend often tops ₦50,000 despite lower median income.
  2. Mobile-money betting dents student wallets. According to Lagos State University, mobile-money deposits explain 26.7 percent of the variance in student financial well-being – a stat that should make every platform’s RG desk sweat.

So, Who Actually Wins?

  • Premier-League diehards who live for lightning-fast in-play cash-out: SportyBet wears the crown.
  • Corner-shop loyalists who still like to chat with a clerk: Surebet247 Betshop nails the cash-plus-mobile sweet spot.
  • Jackpot chasers who want EPL on Saturday, Ugandan Super League on Tuesday, and darts on Thursday: Bet9ja is still the Swiss-Army knife.
    Punters who value self-exclusion toggles and deposit caps (you should): BetKing edges ahead.

In reality, “best” is contextual. Odds hawks, live-stream junkies, crypto degenerates and agent-network stalwarts will all point to different logos. What you don’t want is a bookie that melts down at 89′ when Villarreal finally scores.

On that front, the four names above – plus a rapidly innovating Surebet247 mobile bet shop – look built to survive Nigeria’s next data-price hike and the NLRC’s tightening audit screws.

The rest? Keep one eye on their uptime dashboards – and the other on your bankroll.


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Nigeria Week Ahead: Inflation, Oil and Naira in focus

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By Lukman Otunuga, Senior Market Analyst at FXTM.

A flurry of high-risk events may pump global financial markets with fresh volatility this week.

Top-tier data, including US Inflation, the unofficial start of earnings season, and US Congress Crypto Week,” among other themes, could spell fresh opportunities.

Amidst this, uncertainty over global trade will add to the mix after President Donald Trump threatened 35% tariffs on the EU and Mexico over the weekend.

Regarding US inflation, this may impact bets around Fed cuts in the second half of this year. Markets are forecasting CPI to rise 2.6% from 2.4% in the prior month, with core CPI rising to 2.9% from 2.8%. Signs of rising prices may shave bets around the Fed cutting interest rates – boosting the dollar as a result.

Closer to home, Nigerias June CPI data due July 15 is expected to show signs of cooling inflationary pressures. This could offer some relief to the Central Bank of Nigeria (CBN) which aggressively hiked interest rates throughout 2024. Inflation is expected to have eased to 21.4% year-on-year from 23% in May – marking the 4th consecutive month of decline. However, the slowdown is largely a technical adjustment aided by the recent gains in the Naira amid higher non-oil exports and a weaker dollar.

The CBN is scheduled to meet later this month and will most likely keep rates unchanged at 27.5%.

One key challenge for the country will be how to re-tweak its budget for lower oil prices. Indeed, the budget was based around oil production at 2 million barrels and oil prices of $75. Brent is trading around $70 with the nation producing 1.544m b/d of crude in May according to OPEC. Nigeria is hoping to raise production to 1.9m b/d by the end of 2025. But its impact on the economy may be muted if oversupply and tepid demand keep oil prices subdued. Brent is up 4% this month but still down over 6% since the start of 2025.


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EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

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Bright Echefu, chief executive officer, Telecom Satellites Limited (TStv), and three co‑defendants appeared before the Federal High Court in Abuja yesterday on an amended twelve‑count indictment brought by the Economic and Financial Crimes Commission (EFCC). The charges allege money laundering, tax evasion, and investment fraud involving approximately ₦1 billion and $1.3 million.

EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

Bright Echefu, chief executive officer, TStv

In addition to Echefu, the defendants are TStv Executive Director, Felix Igboanuga, Telecom Satellites Limited itself, and Briechberg Investment Ltd.

According to the April 5, 2025, amended charge sheet the EFCC accuses the quartet of defrauding Mr. Tanimu Turaki, Managing Director of Kalsiyam Global and former Minister of Special Duties, alongside BYI General Limited, out of a combined investment of ₦1 billion and $1.3 million. The commission has also included a ₦66 million alleged tax default.

The revised indictment lists:

Count 2: ₦33,909,542.47 in unremitted Company Income Tax

Count 3: ₦13,519,382.00 in unremitted VAT

Count 4: ₦19,488,860.00 in unremitted PAYE

Counts 5–12: Various fraud‑related transactions, including ₦380 million from Kalsiyam Farm, ₦400 million from BYI General Ltd and $1.35 million in loans secured under false pretences.

All defendants pleaded not guilty once again. At the hearing before Justice Mohammed Umar, Echefu’s lead counsel, Senior Advocate Eyitayo Fatogun, informed the court of ongoing settlement discussions with the complainants.

“There are moves to settle this matter and there was a meeting on Saturday between myself and the Nominal Complainant as it is about investment,” Fatogun stated.

“The Defendants have paid some money and I was thinking that the matter be adjourned for report of settlement.”

EFCC counsel A.S. Tomwell confirmed receipt of those payments but emphasized the necessity of entering a plea before considering any adjournment. The court thus ordered the formal reading of the charges and adjourned the trial to October 15, 2025.


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