The Internet Exchange Point of Nigeria (IXPN) is targeting 90% domestication of the country’s internet traffic by 2046, as it pursues a long-term plan to position Nigeria as a major African hub for internet content, digital connectivity and cross-border data exchange.
Muhammad Rudman, Chief Executive Officer of IXPN, disclosed the ambition on Friday at the organisation’s 20th anniversary Gala and Award Dinner, where he outlined plans to expand local internet exchange infrastructure, attract more content providers and connect networks across Nigeria’s 36 states.
The target would mean keeping nine out of every 10 units of internet traffic generated or consumed in Nigeria within the country, with only 10% exchanged internationally.
Muhammad Rudman, Chief Executive Officer of IXPN, is seen in the photo. IXPN targets 90% local internet traffic by 2046 as Nigeria expands internet exchange capacity, connects universities and pursues African content hub status. Image credit: Technology Times/Rilwan Oladapo.
“Our dream by the year 2046 is Nigeria will become the hub for Internet content in Africa,” Rudman said. “Therefore, African countries will interconnect with Nigeria to fetch their content.” He said achieving the ambition would require stronger collaboration among internet service providers (ISPs), data centre operators, telecommunications companies, educational institutions and government agencies to increase the volume of locally hosted and exchanged internet content.
“Our dream by the year 2046 is Nigeria will become the hub for Internet content in Africa,” Rudman said. “Therefore, African countries will interconnect with Nigeria to fetch their content.”
He said achieving the ambition would require stronger collaboration among internet service providers (ISPs), data centre operators, telecommunications companies, educational institutions and government agencies to increase the volume of locally hosted and exchanged internet content.
The IXPN CEO identified Nigeria’s population, cultural diversity and growing entertainment industries as potential drivers of cross-border internet connectivity, particularly if more locally generated content is hosted within the country.
Nigeria’s music and movie industries, including productions in Yoruba, Hausa and Igbo languages, Rudman added, are examples of content that could attract internet traffic from other African countries.
According to him, hosting such material locally and making it accessible through Nigeria’s internet exchange infrastructure could encourage internet service providers in neighbouring countries to connect to Nigerian networks to access the content.
Rudman said Nigeria had already domesticated approximately 70% of its internet traffic, although a substantial proportion of the locally exchanged traffic currently consists of video content. “Right now, the 70% that we have local, a substantial part of it is video content,” he said.
He also identified local hosting of Nigerian businesses’ websites and digital services as an important requirement for increasing domestic traffic, encouraging more networks to interconnect within the country and reducing reliance on international routes for accessing locally relevant content.
IXPN expands internet exchange capacity to 2.9Tbps
Providing an overview of the organisation’s development over the past two decades, Rudman said Nigeria’s internet traffic domestication had increased significantly from its early beginnings, when less than 1% of internet traffic was exchanged locally.
IXPN’s traffic capacity reached 2.9 terabits per second (Tbps) in 2026, compared with 900 gigabits per second (Gbps) in 2024 and 2Tbps in 2025. The organisation is targeting 3Tbps by the end of 2026.
Rudman also disclosed that IXPN now has more than 130 interconnected customers representing different networks, with over 200 connected ports and infrastructure deployed across approximately 30 data centre locations.
He said the exchange currently supports ports with capacities of up to 400Gbps, while plans are underway to introduce higher-capacity technologies, including 800Gbps and 1.6Tbps ports, depending on demand.
Internet exchange points provide infrastructure through which internet service providers, telecommunications operators and content networks exchange data directly within a country rather than routing domestic traffic through international networks.
The arrangement allows networks to exchange locally generated and consumed traffic without necessarily relying on international transit providers, supporting more direct connectivity between participating networks.
Rudman credited the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA) with supporting IXPN’s establishment and expansion across the country.
He specifically acknowledged their support in enabling the organisation to establish additional branches in Abuja, Port Harcourt, Kano and other locations.
IXPN targets 90% local internet traffic by 2046 as Nigeria expands internet exchange capacity, connects universities and pursues African content hub status. Image credit: Technology Times/Rilwan Oladapo.
He also revealed that efforts to establish a connection with South Africa had been delayed by the high cost of transmission capacity between Lagos and the country. According to him, Digital Realty was working with IXPN to explore ways of providing transmission capacity at a price below the cost of international internet transit.
IXPN targets 100 connected higher institutions by 2030
As part of its strategy to increase local internet traffic, Rudman identified universities and other higher educational institutions as potential drivers of demand for internet exchange infrastructure across Nigeria.
Connecting tertiary institutions within the same geographical areas would allow them to exchange educational resources locally while creating opportunities for investment in regional data centres.
Using Zaria in Kaduna State as an example, he noted that the area has approximately 10 higher educational institutions that are not interconnected with one another.
According to him, connecting these institutions could enable universities to share educational content, support remote teaching and make locally hosted academic resources accessible without unnecessarily relying on international internet routes.
Rudman said IXPN was seeking collective industry support to connect 100 higher educational institutions by 2030.
He clarified that the target was not one IXPN intended to achieve independently but a collective responsibility involving internet service providers, data centre operators and other industry stakeholders.
“What I am saying here is that we, all of us here, collectively, need to find a way to reach that target,” he said. He urged internet service providers to establish a presence in more locations and collaborate with educational institutions to improve connectivity.
He also called on data centre operators to consider establishing smaller facilities in different parts of the country to support local content hosting and reduce the concentration of infrastructure in major commercial centres.
IXPN seeks stronger African internet connections
Beyond expanding its domestic infrastructure, IXPN plans to strengthen regional internet connectivity by encouraging more African countries to connect to its exchange platform.
Rudman disclosed that the organisation was already interconnected with networks in Ghana and was working to bring additional international telecommunications operators onto its platform.
He also revealed that efforts to establish a connection with South Africa had been delayed by the high cost of transmission capacity between Lagos and the country. According to him, Digital Realty was working with IXPN to explore ways of providing transmission capacity at a price below the cost of international internet transit.
The organisation also plans to introduce direct peering arrangements with cloud service providers, allowing networks to exchange traffic more efficiently with cloud platforms.
Other planned developments include remote peering, collaboration with internet exchange points in other African countries and greater automation of its network configuration processes.
Rudman said IXPN was also exploring partnerships with technology service providers to introduce artificial intelligence into its operations.
IXPN backs voluntary network interconnection
While outlining the organisation’s expansion plans, Rudman emphasised the importance of trust and voluntary participation in building a sustainable internet exchange ecosystem.
He explained that IXPN’s development over the years had depended on bringing competing internet service providers and network operators together to exchange traffic.
According to him, compelling operators to interconnect through government directives could undermine the trust required for successful collaboration.
“I keep insisting that it should be that way. In fact, there are areas when certain ministers want to implement policy to mandate everybody to interconnect with ISP. I keep insisting, no. Let it be value driven,” Rudman said.
He maintained that operators should recognise the commercial and operational benefits of interconnection rather than participate because of government intervention.
IXPN’s development plan for 2026 to 2030 will focus on strengthening its national infrastructure, expanding connectivity and attracting more networks and content providers to its platform.
The presidential candidate of the Allied Peoples Movement, APM, Seyi Makinde has said states will generate and distribute their own electricity under his administration.
Makinde said this on Wednesday while unveiling his Reset Nigeria Manifesto at the Congress Hall, Transcorp Hotels and Suites, Abuja.
According to him, the current system where everything is controlled from the centre is not working. He said if Nigeria wants to develop, states must be allowed to produce power and give it to their people.
"States will generate, distribute their own electricity," Makinde declared.
The Oyo State governor further stated that his Reset Nigeria Agenda will reset the economy by fixing the power problem, stressing that no economy can grow when businesses are closing by 8pm because there is no light and insecurity.
Makinde said his plan is to reduce the cost of doing business and cost of living, and fixing electricity is number one.
He said he will run a transitional government of national unity that will restructure the country so that states can control their resources.
Bitcoin’s renewed pressure and Binance’s gradual reopening have left the crypto market weighing two signs of recovery: whether prices can stabilise and whether customers can move their assets normally again. BTC slipped below $77,000 on 3 November, while Binance expanded its withdrawal rollout following the $6.3 billion security incident.
The latest crypto news therefore extends beyond the price chart. Restoring access to funds addresses an immediate operational problem, but the market still has to assess the remaining asset replacement, the scope of reopened networks and the evidence behind reserve claims. Those developments can influence confidence without producing an immediate Bitcoin rebound.
Bitcoin fell to about $76,566 in an early market report on Tuesday, 3 November, renewing pressure after a brief recovery above $78,000 the day before. The movement remains a recent reference point for Wednesday’s market and shows how quickly the attempted rebound lost ground.
The BTC price movement also explains why operational progress at Binance and market weakness can coexist. Reopened withdrawals let customers move assets, yet their next move could be to hold those coins elsewhere, convert them or leave them untouched. A withdrawal is not, by itself, evidence of a sale.
For Bitcoin news, the immediate question is whether renewed access is followed by steadier market conditions. A short move back above $77,000 would recover one reference point. Sustaining it would provide stronger evidence of stabilisation than a brief price spike, particularly after the failed move above $78,000.
Binance resumes crypto withdrawals for Bitcoin, Ethereum, XRP and Solana
Binance began another phase of crypto withdrawals at 04:00 UTC on 3 November. It followed the initial reopening on 1 November, which began with Bitcoin. The additional rollout covered selected assets on several networks, including Ethereum, BNB Smart Chain and Solana.
The distinction between an asset and its network matters. Access to a token through one network does not establish availability through every supported route. Binance said it would reopen each network-and-asset combination progressively after checks, with deposits remaining available. Its notice also warned of possible delays during the rollout.
That makes Binance recovery a sequence of operational milestones. Key measures include which routes have reopened, whether withdrawals are complete and how much of the affected asset pool has been restored. Read a broad reopening announcement alongside its detailed coverage, rather than treating it as confirmation that every service has returned simultaneously.
Binance recovery reaches 95% as proof of reserves verifies 10 crypto assets
In its 2 November update, Binance said it had covered approximately 95% of the impacted amount using its own resources. It attributed the remaining portion to less liquid tokens that took longer to source. These remain statements from the company about its recovery programme.
The platform also said its 31 October snapshot was verifiable for ten assets, including BTC, ETH, USDT, BNB and XRP. Binance said it would take a further proof of reserves snapshot covering more tokens today, 4 November. The company estimated that producing the resulting cryptographic proof would take another 40 to 50 hours, so the expanded verification is not expected to be available at the time of publication.
Reserve evidence and withdrawal access answer related questions. One concerns the assets represented in a particular snapshot; the other concerns customers’ ability to retrieve balances. Assessing both provides a fuller view of crypto market confidence than relying on either a reserve percentage or a reopening headline alone.
Bitcoin market activity brings crypto betting and BTC wagers into focus
Bitcoin’s latest price movements have created new reference points for readers following the market. Binance’s phased reopening of withdrawals adds another timely development, connecting exchange activity, asset flows and BTC price action within the same news cycle.
This combination also matters for crypto betting on moon.com, where users can wager on cryptocurrency price direction. Shifts in Bitcoin momentum and major Binance updates provide fresh market context for evaluating potential BTC moves across time frames.
For Bitcoin wagers, short-term volatility, resistance levels and recovery attempts can all shape the available market outlook. The return of more withdrawal routes gives crypto audiences an additional indicator to follow as Bitcoin searches for its next sustained direction.
Crypto asset custody gives Nigerian readers a separate reference point
The focus on access and reserves connects directly to digital asset custody. Nigeria’s SEC rules on digital assets include provisions covering custodians, operational controls and responses to system failures. That framework explains why safeguarding assets and maintaining reliable systems are separate responsibilities.
Banking access is another layer. The CBN guidelines for VASP bank accounts, issued in December 2023, address relationships between supervised financial institutions and eligible virtual asset service providers. They concern banking arrangements rather than the status of an individual blockchain withdrawal.
Neither document verifies Binance’s latest recovery claims. They provide Nigerian context for assessing service access, custody and settlement without confusing a global platform update with a local regulatory decision.
Bitcoin and Binance withdrawals face different recovery milestones
The next useful developments are specific: wider withdrawal coverage, evidence about the remaining affected assets and publication of the cryptographic verification generated from the 4 November snapshot. Each would add information about the operational recovery, although none alone establishes where Bitcoin should move next.
Another consideration is where withdrawn Bitcoin goes. Transfers into personal wallets can reflect a change in custody preferences rather than an intention to dispose of the asset. Conversely, moving coins to another platform may increase their availability for conversion without proving that a transaction has occurred. Public wallet movements therefore need context before they can support claims about selling pressure.
The recovery timetable also deserves scrutiny. Replacing the most liquid assets first can restore access for many customers while leaving smaller balances or less common routes unavailable. Progress should consequently be assessed against the remaining obligations, alongside the proportion already covered. This keeps the focus on completed service restoration rather than reassuring percentages alone. Both access and evidence will shape the next assessment.
For the Bitcoin market, the price response remains a separate measure. The reopening process can remove one source of uncertainty while broader demand stays weak. A more convincing improvement would combine dependable access to funds with sustained price stability, rather than a single reassuring announcement followed by another short-lived bounce.