Naija News Feed
Technology
Bitcoin Predicted to Hit $70k Price Level Before A Significant Retracement
The price of Bitcoin is currently battling through another period of market uncertainty, as traders on prediction platform Polymarket, are signaling that the cryptocurrency may decline further before a significant move higher. According to the latest data from the popular prediction platform, there is an 84% probability that Bitcoin hits $70,000 first, compared to just […] The post Bitcoin Predicted to Hit $70k Price Level Before A Significant Retracement appeared first on Tekedia.
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Anthropic Releases Rapid Opus 4.8 and Pushes Toward “Mythos-Class” Models
Anthropic has released Opus 4.8, the latest version of its flagship public AI model, in another move underlining how quickly competition is intensifying at the top end of the generative AI market. The launch comes just 41 days after the release of Opus 4.7, an unusually compressed update cycle for Anthropic and a sign that […] The post Anthropic Releases Rapid Opus 4.8 and Pushes Toward “Mythos-Class” Models appeared first on Tekedia.
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NBA Moves Toward AI Refereeing as Adam Silver Targets Faster Games and Fewer Replay Disputes
The National Basketball Association is preparing for one of the most significant officiating changes in modern professional sports, with Commissioner Adam Silver confirming that artificial intelligence will soon automate a category of referee decisions currently responsible for some of the league’s most disruptive stoppages. Speaking on ESPN’s The Pat McAfee Show, Silver said the NBA […] The post NBA Moves Toward AI Refereeing as Adam Silver Targets Faster Games and Fewer Replay Disputes appeared first on Tekedia.
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U.S. CFTC Seeks to Erase Crypto Exchange, Gemini’s $5m Penalty
The U.S. Commodity Futures Trading Commission has moved to scrap a $5 million enforcement penalty against crypto exchange Gemini, marking one of the clearest signs yet of how dramatically Washington’s approach to digital assets has shifted under President Donald Trump. In a filing submitted Wednesday, the CFTC asked a federal judge to vacate the settlement […] The post U.S. CFTC Seeks to Erase Crypto Exchange, Gemini’s $5m Penalty appeared first on Tekedia.
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Anthropic Raises $65 Billion in Series H Funding, Reaches $965 Billion Valuation
Artificial intelligence company Anthropic has secured $65 billion in Series H funding, reaching a post-money valuation of $965 billion. The funding round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, underscoring growing investor confidence in the company’s rapid expansion and enterprise adoption of its AI assistant, Claude. The AI company also disclosed that […] The post Anthropic Raises $65 Billion in Series H Funding, Reaches $965 Billion Valuation appeared first on Tekedia.
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ByteDance Reportedly Moves to Develop CPUs to Support Its AI Infrastructure Needs
Chinese technology giant ByteDance is moving deeper into the global artificial intelligence infrastructure race with plans to develop its own central processing units, Reuters reports, citing people familiar with the matter. The parent company of TikTok is developing proprietary CPUs to support its expanding AI infrastructure needs, according to people familiar with the matter, as […] The post ByteDance Reportedly Moves to Develop CPUs to Support Its AI Infrastructure Needs appeared first on Tekedia.
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NIO CEO Declares End of China’s Auto “Golden Era” as Fierce Competition and Market Saturation Reshape the EV Industry
NIO CEO William Li has declared that China’s auto industry has moved past its “golden era,” citing prolonged weakness in domestic car sales, slowing EV growth, and intensifying competition as key challenges facing the world’s largest auto market. Speaking to reporters in Beijing on Thursday, Li emphasized that NIO’s primary focus remains firmly on its […] The post NIO CEO Declares End of China’s Auto “Golden Era” as Fierce Competition and Market Saturation Reshape the EV Industry appeared first on Tekedia.
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Pentagon Awards Microsoft $9.7bn Deal In Bid To Cut Costs, Signaling New Era Of AI-Driven Military Consolidation
The U.S. Defense Department is consolidating billions of dollars’ worth of fragmented software purchases into a single enterprise-wide agreement with Microsoft, a move that not only reshapes military technology procurement but also deepens the software giant’s position at the center of America’s defense infrastructure. The Pentagon on Wednesday announced a five-year agreement worth up to […] The post Pentagon Awards Microsoft $9.7bn Deal In Bid To Cut Costs, Signaling New Era Of AI-Driven Military Consolidation appeared first on Tekedia.
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Afolabi Oyebiyi on learning how to code what he cannot see 
People feature with Afolabi Oyebiyi, a software engineer at Nigerian software consulting firm Cyclone, on how he navigates the digital world.
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Moonshot by TechCabal unveils 2026 theme, “Courage & Conviction — Building for a New World”
Courage & Conviction, the theme for the fourth edition of Moonshot by TechCabal coming to the National Theatre in Lagos, Nigeria, on October 28 and 29, 2026.
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Cashless Guests, Real Earnings: What Modern Tip Payout Infrastructure Actually Looks Like
The shift away from cash has accelerated faster than most hospitality operators anticipated. Guests arrive at hotels, restaurants, and event venues without a dollar bill in their wallet — not because they are unappreciative, but because digital payments have become the default. For front-line staff, that shift creates a real problem: fewer spontaneous tips at […] The post Cashless Guests, Real Earnings: What Modern Tip Payout Infrastructure Actually Looks Like appeared first on Tekedia.
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Business Line of Credit: A Flexible Funding Solution for Growing Companies
One of the most difficult things for a small business to manage is cash flow. Even a company with good profits can struggle if its costs are due before they receive payment from customers. It might be to make payroll in a slow month, or purchase inventory ahead of busy times, or unexpected expenses, almost […] The post Business Line of Credit: A Flexible Funding Solution for Growing Companies appeared first on Tekedia.
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Kenya leads Bloomberg’s list of African startups to watch 
Kenya had the largest representation on the Bloomberg list with four startups. South Africa, Nigeria, and Tanzania each had three companies.
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South Africa, Nigeria, Kenya emerge as Africa’s top work outsourcing markets
A global ranking by US consultancy Ataraxis places South Africa first in Africa, followed by Nigeria and Kenya, highlighting the continent’s growing role in the global outsourcing market.
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Tinubu: Three Years of Renewed Hope or Sustained Progress?
As President Bola Ahmed Tinubu marks the third anniversary of his administration, Nigeria stands at a definitive crossroads between the “foundational sacrifice” of his early tenure and the “visible recovery” he now proclaims. Since assuming office in May 2023, the administration has moved through a narrative arc that transitioned from urgent, painful reforms to a […] The post Tinubu: Three Years of Renewed Hope or Sustained Progress? appeared first on Tekedia.
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MTN Nigeria to restore airtime lending after court-backed regulatory pause
MTN’s decision to restore the service is a departure from what executives told investors during the company’s May 4 earnings call.
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Tinubu: Assessing Three Years of Youth-Centric Reform
On the third anniversary of his administration, President Bola Ahmed Tinubu has presented a vision of a nation in recovery, positioning Nigerian youth not as a demographic to be managed, but as the primary “engine of Nigeria’s future”. Since May 2023, the administration has navigated a landscape of profound economic and structural difficulties, implementing reforms […] The post Tinubu: Assessing Three Years of Youth-Centric Reform appeared first on Tekedia.
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Nigeria added 65 healthtech startups after COVID-19, says report 
65 healthtech startups were launched in Nigeria between 2020 and 2025, more than half of the 103 startups launched in the 15 years before the pandemic.
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Telcos consider data calculator to track subscriber data usage
 Key points Main story Mobile Network Operators (MNOs) in Nigeria are considering the introduction of a data calculator tool that would allow subscribers to track and measure their data usage more precisely amid rising complaints over perceived fast data depletion. The proposed tool, according to industry indications, would provide users with a clearer breakdown of […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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Quick Fire 🔥 with John Eni-ibukun
Meet John Eni-ibukun, an African Gospel and Afrobeats curator at Audiomack, where he thinks about how music travels, gets discovered, and lands with audiences in a fragmented digital world.
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How Professor Ojebuyi’s Communication Research Humanises Technology, Strengthens Digital Society
Technology often receives praise for its ability to transform economies, improve healthcare, expand education, and deepen democratic engagement. Yet, across many societies, particularly in Africa, a persistent challenge is that technology does not automatically improve lives simply because it exists. The real determinant of success lies in whether people trust, understand, adopt, and meaningfully benefit […] The post How Professor Ojebuyi’s Communication Research Humanises Technology, Strengthens Digital Society appeared first on Tekedia.
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👨🏿‍🚀TechCabal Daily – Going Yoco for M&A
In today's edition: Quick Fire 🔥 with John Eni-ibukun || Yoco acquires Dyner AI || Uber eyes full Delivery Hero takeover || Who secured the bag? 💰
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Michael Saylor Urges Investors to “HODL” as Bitcoin Faces Renewed Selling Pressure
As Bitcoin faces renewed selling pressure trading below the $73,000 price level, Strategy CEO Michael Saylor delivered one of his most striking messages yet, simply the word “HODL”. This comes at a relevant time when Bitcoin pulled back from highs above $80,000 earlier in the month, testing the $73K–$75K zone amid profit-taking, macroeconomic uncertainty, geopolitical […] The post Michael Saylor Urges Investors to “HODL” as Bitcoin Faces Renewed Selling Pressure appeared first on Tekedia.
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Treasury Yields Rebound, Gold Sinks to Two-Month Low as Iran Conflict Fuels Inflation Fears
U.S. Treasury yields edged higher on Thursday while gold tumbled deeper into a sharp correction, as renewed military escalation between the United States and Iran reignited fears of persistent inflation and reinforced expectations that the Federal Reserve may keep interest rates elevated for longer. The move across global markets highlights how rapidly investor sentiment has […] The post Treasury Yields Rebound, Gold Sinks to Two-Month Low as Iran Conflict Fuels Inflation Fears appeared first on Tekedia.
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Bitcoin Crashes Below $73K as US-Iran Strikes Spark Global Risk-Off
Bitcoin plunged below the $73,000 mark as escalating military tensions between the United States and Iran triggered a sharp wave of risk-off sentiment across global financial markets. The drop follows reports of fresh US strikes on Iranian targets, including sites near the Strait of Hormuz, a vital route for global oil shipments. Iran has reportedly […] The post Bitcoin Crashes Below $73K as US-Iran Strikes Spark Global Risk-Off appeared first on Tekedia.
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SpaceX IPO Could Trigger Historic Index-Fund Buying Frenzy, Says Indexing Veteran Rob Arnott
The planned IPO of SpaceX is increasingly being viewed not simply as another blockbuster listing, but as a structural event that could reshape how modern index investing influences stock prices. Leading that argument is veteran index strategist Rob Arnott, whose research over decades has often challenged conventional assumptions about passive investing and benchmark inclusion. Arnott […] The post SpaceX IPO Could Trigger Historic Index-Fund Buying Frenzy, Says Indexing Veteran Rob Arnott appeared first on Tekedia.
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Samsung Avoids Historic Strike, But Bonus Deal Opens New Fault Lines, as It invests in Vietnam
Samsung Electronics has narrowly avoided what could have become one of the most disruptive labor actions in South Korea’s technology sector in years, after unionized workers approved a controversial profit-linked bonus agreement. The bonus agreement is already reshaping debates around corporate governance, shareholder rights, and wage inequality in South Korea’s export-driven economy. The agreement, approved […] The post Samsung Avoids Historic Strike, But Bonus Deal Opens New Fault Lines, as It invests in Vietnam appeared first on Tekedia.
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Taiwan Market Surges as Nvidia Unleashes Massive $150bn Taipei Expansion Plan
NVIDIA is dramatically expanding its footprint in Taiwan, with CEO Jensen Huang unveiling plans for a sprawling new campus and a tenfold surge in annual spending on the island, underscoring how central Taiwan has become to the global artificial intelligence supply chain. Speaking in Taipei on Wednesday, Huang said Nvidia’s annual spending in Taiwan is […] The post Taiwan Market Surges as Nvidia Unleashes Massive $150bn Taipei Expansion Plan appeared first on Tekedia.
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Do Animals Think Nigerians Are Weird?
### A Satirical Inquiry Into a Nation That Keeps Defending Its Own Suffering — By a Concerned Observer of the Human Condition – dirty Gova Somewhere in the Yankari Game Reserve in Bauchi State, a baboon pauses mid-scratch, tilts its head, and watches a group of Nigerians debate on their phones. One is a politician […] The post Do Animals Think Nigerians Are Weird? appeared first on Tekedia.
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Nvidia’s Jensen Huang Joins Elite Beijing Advisory Board in Sign of Deepening Silicon Valley-China Engagement
Jensen Huang has agreed to join the advisory board of Tsinghua University School of Economics and Management, according to a report by the Financial Times. The development places the head of the world’s most valuable semiconductor company inside one of China’s most politically connected academic institutions at a time of intensifying technological rivalry between Washington […] The post Nvidia’s Jensen Huang Joins Elite Beijing Advisory Board in Sign of Deepening Silicon Valley-China Engagement appeared first on Tekedia.
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Mistral AI Explores Designing Its Own Chips as It Accelerates European AI Ambitions and Data Center Buildout
French AI champion Mistral AI is actively exploring the possibility of designing and eventually manufacturing its own custom chips, CEO Arthur Mensch told CNBC. The move marks the company’s clearest signal yet of its desire to gain greater control over its infrastructure as it competes with U.S. leaders OpenAI and Anthropic. “Of course, it is […] The post Mistral AI Explores Designing Its Own Chips as It Accelerates European AI Ambitions and Data Center Buildout appeared first on Tekedia.
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Goldman Sachs Says Treasury Sell-Off Reflects Currency Defense, Not Global Flight From the Dollar
A sharp sell-off in U.S. Treasurys that reignited fears about waning global appetite for American debt may be less alarming than markets initially feared, according to analysts at Goldman Sachs. The analysts argue the recent wave of foreign selling appears consistent with historical reserve-management behavior rather than a broader retreat from the dollar-based financial system. […] The post Goldman Sachs Says Treasury Sell-Off Reflects Currency Defense, Not Global Flight From the Dollar appeared first on Tekedia.
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Corgi, Tekedia Capital Portfolio Company, Doubles Valuation to $2.6 billion
Just three weeks ago, Corgi announced a fundraise at US$1.3 billion valuation. Today, we’re celebrating that the company has raised an additional US$106 million, doubling the valuation to US$2.6 billion. Good People, I have been investing for years, and I can confidently say that I have rarely witnessed this type of growth velocity. Corgi is […] The post Corgi, Tekedia Capital Portfolio Company, Doubles Valuation to $2.6 billion appeared first on Tekedia.
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Cybersecurity Threats in 2026 Nobody Is Warning You About
Cybersecurity Threats in 2026 Nobody Is Warning You About Most people think cybercrime still looks the same: suspicious emails, weak passwords, and obvious scams. That is no… TechCity
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Xpeng Secures Backing From Guangdong’s $15bn State Fund as China Bets on AI-Driven Mobility Future
Chinese electric vehicle maker Xpeng said Wednesday it had been selected among the first companies to receive support from a new Guangdong provincial government investment fund aimed at accelerating the growth of strategic emerging industries. The funding, which highlights how Beijing and local authorities are increasingly directing state capital toward artificial intelligence-linked mobility technologies, is […] The post Xpeng Secures Backing From Guangdong’s $15bn State Fund as China Bets on AI-Driven Mobility Future appeared first on Tekedia.
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Canada’s Encryption Battle Pits Ottawa Against Big Tech as Apple and Google Warn of ‘Backdoor’ Risks
A growing clash between the Canadian government and major U.S. technology companies is exposing how the global fight over encryption is entering a more confrontational phase, with implications reaching far beyond Canada’s borders. At the center of the dispute is Bill C-22, an online safety and national security measure proposed by Canada’s Liberal government that […] The post Canada’s Encryption Battle Pits Ottawa Against Big Tech as Apple and Google Warn of ‘Backdoor’ Risks appeared first on Tekedia.
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