The judgment of the Federal High Court sitting in Kano, which nullified the candidature of Abia State governor-elect, Alex Otti and other members of the Labour Party, has been suspended by the Court of Appeal in Kano. The decision, which was made on Saturday by a three-man panel led by Justice Ita Mbaba, also granted Alex Otti’s application to appeal as an interested party. The Labour Party had filed an appeal challenging the judgment of Justice Yunusa of the Federal High Court. Justice Mbaba and other two Justices, Uche Onyemenam and Usman Musale, temporarily suspended the High Court Judgment after… The post Court of Appeal Suspends Judgment that Nullified the Candidature of Abia State Gov-elect Otti appeared first on Tekedia.

Africa’s largest gift card and Bitcoin Marketplace Patricia has issued a statement regarding a security breach on the platform. The platform reportedly suffered a security breach on its cryptocurrency processing platform, losing bitcoin and naira assets, while it stated that other crypto assets were unaffected. This prompted it to temporarily halt withdrawals while it tried to rectify the issue. In response to the security breach the company wrote, “Over the last five years, we have become synonymous with Bitcoin and crypto trading. We have been at the forefront of crypto adoption in Africa, and despite governmental and environmental challenges that… The post Nigerian Crypto Company Patricia Issues Statment Regarding Security Breach on Platform appeared first on Tekedia.

The Nigerian Senate has approved the upward review of the Ways and Means loan from the Central Bank of Nigeria (CBN) to the Federal Government from five to 15 percent. The approval for the amendment of the CBN Act follows the emergency plenary session held by the red chamber on Saturday, less than two days to the inauguration of the tenth national assembly. The bill, which was sponsored by Senator Gobir Ibrahim Abdullahi, representing Sokoto East Senatorial District, was first introduced on Wednesday May 24, 2023. During the plenary session which was presided over by the Senate President Ahmed Lawan,… The post Nigerian Senate Approves the Amendment of CBN Act, Reviews Ways and Means Borrowing from 5% to 15% appeared first on Tekedia.

TechCabal can exclusively report that the breach on the Patricia app happened in January 2022 and that the company reportedly lost $2 million in the incident. When TechCabal contacted Patricia to understand the extent and timeline of the breach, the company’s CEO, Hanu Fejio, declined to comment. 

Micro-blogging platform Twitter has withdrawn from the voluntary European Union’s code of Practice on Disinformation. This was disclosed by the European commissioner for the internal market Thierry Breton via a tweet, stating that the social media platform can’t hide from its obligations, despite its exit from the EU code of practice. He wrote, “Twitter leaves EU voluntary Code of Practice against disinformation. But obligations remain. You can run but you can’t hide. Beyond voluntary commitments, fighting disinformation will be a legal obligation #DSA as of August 25. Our teams will be ready for enforcement”. Twitter leaves EU voluntary Code of… The post Twitter Withdraws From European Union’s Code of Practice on Disinformation appeared first on Tekedia.

This is the video for this article.   The post Displacement and Disintermediation in Nigerian Banking – Why Many Microfinance Banks Will Continue to Fade [video] appeared first on Tekedia.

Nigeria’s minister of communications and digital economy Prof Isa Ali Ibrahim Pantami is tinkering with the NSA act. What does it imply?

First released on the 22nd of February,2022, the Central Bank of Nigeria (CBN) Guidelines on Non-Oil Export Proceeds Repatriation aims to raise $200 Billion Naira in foreign exchange from Non-Oil proceeds over the next 3-5 years. These guidelines which will form the focus of this article are anchored on a 5-point agenda and are designed to incentivize exporters in the Non-Oil export sector to encourage repatriation and the sale of export proceeds into the FX market. The guidelines are also aimed at earning more stable and sustainable inflows of FX in order to insulate the Nigerian economy from shocks and… The post The CBN Guidelines on the Non-Oil Export Proceeds Repatriation Scheme in Nigeria appeared first on Tekedia.

ChatGPT: OpenAI CEO, Sam Altman tells Nigerian tech community he is wary of over regulation While in Lagos, Altman also gleaned from some of Nigeria's tech experts what OpenAI could do to better their AI products for its Nigerian community; the largest in Africa according to him. TechCity

The early bird is leaving with all the goodies and massive discounts for Tekedia Mini-MBA which begins on June 5, 2023. Make sure to beat this nice bird and SAVE BIG on deal of the day. Register today for the #best school (June 5 – Sept 2, 2023) here.  It is N60,000 or $140 for 14 modules with more than 100 courses from business executives you admire. I live in School Road; join me because this road leads to Knowledge Acquisition and Application, Career Advancement and Better Personal Economy. Tekedia Institute offers Tekedia Mini-MBA, an innovation management 12-week program, optimized… The post The Deal of the Day – Beat The Early Bird for Tekedia Mini-MBA Registration appeared first on Tekedia.

A couple of new players, including Pepe (PEPE) and Collateral Network (COLT), emerged quietly in the market amid the sudden decline in the prices of both Polygon (MATIC) and other cryptocurrencies. In Stage 1 of its public presale, the newcomer Collateral Network is recognized as the world’s first web3 challenger lender, expected to deliver a whopping 3,500% return for its investors during presale! >>BUY COLT TOKENS NOW

Amidst the declining total crypto market capitalization, cryptocurrencies like Arbitrum (ARB) have struggled to generate significant price momentum. As a result, investors are gravitating toward promising projects like Sparklo, which is currently in its presale phase. Moreover, experts and crypto observers have forecasted Sparklo to yield returns of up to 5,000x upon its launch. Presently, the SPRK token is accessible for only $0.026, with a strong potential of increasing to $0.050 soon. >>>> BUY TOKENS

The cryptocurrency market has experienced ups and downs in the past few days with many tokens turning bearish. In the league of tokens whose performance was below par are Immutable (IMX) and Render Token (RNDR), making holders move to more profitable projects like Sparklo. Meanwhile, Sparklo has continued to generate excitement in the crypto space with more investors signifying their intention to purchase the token as the presale goes on. Let’s dive into Sparklo and explore why it has outpaced both Immutable (IMX) and Render token (RNDR). Sparklo (SPRK) is bringing precious metals to the crypto market Nobody could have… The post Sparklo (SPRK) Attracting More Investors as Immutable (IMX)  And Render Token (RNDR) Remain Stagnant appeared first on Tekedia.

Nigeria’s Minister for Aviation Hadi Sirika on Friday, unveiled the much-anticipated Nigerian Air, barely two days before leaving office. The Boeing 737-800 ET-AL was unveiled at the Nnamdi Azikiwe International Airport, Abuja, where it landed. Sirika said the airline project, which is being executed in partnership with the Ethiopian Airlines, Nigerian entrepreneurs and the federal government, will fill the gap of national carrier in the Nigerian aviation industry. “The airline that is equal to the size of the market, the dynamics of the market of Nigeria, to its geography and the fortunes of the country. Indeed, we do need the… The post Fraudulent or True? Many Questions Surround the Launch of Nigerian Air appeared first on Tekedia.

I have predicted that more than 70% of existing microfinance banks will fade by 2025 and by 2029, Nigeria will have less than half of its current commercial banks.  The fact is there: startups are disintermediating and displacing microfinance banks, rendering many useless at scale: “The Central Bank of Nigeria (CBN) has withdrawn the license of … [many] microfinance banks.” The $12 billion per month transaction Moniepoint does and the $billions Flutterwave pipes are part of that zero-sum game. As those funds move out of the Microfinance bank domains, the non-digital natives become irrelevant. This is happening at scale and… The post The Nigeria’s Failed 47 Microfinance Banks And The Great Displacement from Fintechs appeared first on Tekedia.

When I lived in Ovim Abia State, The Young and Dangote were popular nicknames. The Young (after Young Shall Grow Motors) was named after a football club. Many young men were inspired by those businessmen. The connection was clear: as Bill Gates is to America, Dangote was to many  in Nigeria, on entrepreneurial capitalism. Unfortunately for Dangote, many do not appreciate his excellence and I have called it the Dangote Burden. The Dangote Burden is a scenario where no matter how hard you work, most will not give you credit because of perception. As I noted, in some years, Dangote… The post The Dangote Burden And Why Many Nigerians Stay Out appeared first on Tekedia.

In this piece, I explain why startups win, despite the efforts of older companies who challenge them in new areas they are pioneering. The older companies can come with money, experience and technology, but most times, they are solving problems, with the wrong incentives. Consequently, they adjust the problems to accommodate their incentives and in the process, solve an entirely different problem, resulting in loss. This week, Google is folding Stories, a temporary video format which it cloned from Snapchat. For Snapchat, it was something pivotal to its core product, but when Google cloned it, it was for something totally… The post Why Most Clones Do Not Work In Digital Business appeared first on Tekedia.

In today’s world of rapidly evolving digital currencies, a new breed of cryptocurrency has stolen the spotlight – meme-based cryptocurrencies. Among them, Shiba Inu Coin, Dogecoin, and the upcoming Hollywood X PEPE presale have been gaining significant attention. This article will compare these three unique coins, exploring their merits and demerits, with a special focus on the exceptional growth potential offered by the Hollywood X PEPE presale. Hollywood X PEPE Presale – The Rising Star Here is where Hollywood X PEPE presale comes into play. This presale signifies the entry of a novel cryptocurrency, one that combines the world of… The post Shiba Inu Coin, Dogecoin, and Hollywood X PEPE Presale: A Comprehensive Cryptanalysis appeared first on Tekedia.

In the ever-expanding and exciting world of cryptocurrencies, understanding the value proposition and use case of each coin is crucial. Today, we take a look at Bitcoin Ordinals, a relatively new concept in the crypto space, and delve into their limitations. In contrast, we also explore the potential of the Hollywood X PEPE presale, a new meme coin that has been garnering significant attention in the crypto community. Hollywood X PEPE – $HXPE Token – $PEPE goes to Hollywood & becomes a star. – YouTube Bitcoin Ordinals: A Questionable Proposition? Bitcoin Ordinals, as a concept, are essentially tokens derived from… The post Understanding Bitcoin Ordinals: Limited Use Case and the Rise of Hollywood X PEPE appeared first on Tekedia.

The world of cryptocurrencies is always buzzing with new, innovative projects, and meme coins are at the forefront of this revolution. The ‘Big Eyes Coin’ presale, which has been the talk of the crypto town for the past few weeks, is finally coming to a close on June 9th. This has ignited immense interest and speculation within the crypto community, as investors eagerly await the next big meme coin presale: Hollywood X PEPE. In this article, we take a closer look at these two promising projects: ‘Big Eyes Coin’ and ‘Hollywood X PEPE’, how they’re shaking up the crypto space,… The post Big Eyes Coin Presale Ends June 9, Get Ready for Hollywood X PEPE $HXPE appeared first on Tekedia.

Tekedia Capital is excited to announce a lead pre-seed investment in BoundlessPay, with Cardano-focused accelerator Adaverse also participating. Adaverse, a result of a collaboration between the Cardano blockchain development entity EMURGO and Hong Kong-based blockchain venture studio Everest Ventures Group, focuses on scaling Web3 solutions across the globe. Tekedia Capital invests primarily in technology anchored companies in any sector or industry. We’re happy to bring Franklin Peters and team to the expanding Tekedia Capital family. Tekedia Capital invests in technology-anchored early stage startups and companies. Our opportunity antenna and grassroot connections with innovators enable us to see patterns as they… The post Tekedia Capital Invests in BoundlessPay appeared first on Tekedia.

Sam Altman, OpenAI’s cofounder and CEO, seems to be at crossroad with EU’s proposed legislation for artificial intelligence, prompting his threat to withdraw OpenAI’s operation in Europe if the company finds it hard to obey the law. Altman told reporters during his tour of some European capital cities that “the details [of the EU AI Act] really matter,” and “we will try to comply, but if we can’t comply, we will cease operating.” The EU is ahead of the rest of the world in making rules that will guide artificial intelligence – enacting “the first law on AI by a… The post OpenAI Will Quit Europe, No It Will Stay: Altman’s Dilemma As the EU Moves Closer to Regulating AI appeared first on Tekedia.

Digital asset marketplace Patricia has reported losing bitcoin and naira assets in a breach. It claims to have identified one of the culprits and is still trying to recover the lost funds.

In the dynamic realm of cryptocurrency markets, there are always surprises awaiting investors. Currently, the spotlight is on HedgeUp (HDUP), a fledgling token that has seen an impressive 300% leap during its presale, even as seasoned players like Dash (DASH) and Fantom (FTM) remain caught in a downward spiral. Dash (DASH) & Fantom (FTM): Riding the Downward Spiral Cryptocurrencies Dash (DASH) and Fantom (FTM) have found themselves on a slippery slope, with both tokens experiencing a concerning decline in recent times. Once hailed as promising players in the crypto market, they’re now battling to keep their heads above water. Dash… The post Dash (DASH) and Fantom (FTM) Remain on Downward Trend, while HedgeUp (HDUP) Jumps 300% During Presale appeared first on Tekedia.

My team sent this email today; resharing here as many members get info here. Dear Sir/Madam, Greetings! We are happy to note that the exit which we announced last month for one of our startups* has officially closed. Though it is just a 5X exit, Tekedia Capital along with our invested members agreed that it was the correct decision. We had modeled the potential terminal value of the startup, with more data from the industry, and we concluded that getting out was the right call. We will contact all invested members, on this startup, from next week. Meanwhile, for the other… The post Tekedia Capital: Exit Closure, Result of Exit Poll and Venture Investment Course Update appeared first on Tekedia.

The digital bank Eyowo, has endured a stormy year. It has owed salaries, prepped itself for a mini-pivot, and this week, its MFB licence was revoked. Here's an exclusive inside look into Eyowo's challenging year.

CDcare crosses 500,000 downloads on Playstore CDcare app enables users to automate the payment of a certain amount monthly or weekly depending on the cost of the target item TechCity