Naija News Feed
Technology
World Bank Group Invests $25 Million in Jumia to Expand Africa’s Digital Commerce Infrastructure
The World Bank Group is supporting the expansion of Africa’s digital commerce infrastructure through a $25 million equity investment in Jumia Technologies, Africa’s largest public e-commerce platform. The investment, made by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, is expected to strengthen Jumia’s marketplace and logistics network across […] The post World Bank Group Invests $25 Million in Jumia to Expand Africa’s Digital Commerce Infrastructure appeared first on Tekedia.
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Gold Futures Cross $4,500 for the First Time in Two Months
Gold futures have crossed the $4,500-per-ounce threshold for the first time in two months, marking a significant move for the precious metal and reinforcing its position as one of the world’s most closely watched safe-haven assets. The latest advance highlights renewed investor demand for gold as markets continue to navigate uncertainty surrounding inflation, interest rates, […] The post Gold Futures Cross $4,500 for the First Time in Two Months appeared first on Tekedia.
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Robinhood Chain’s NFT Surge and the $15 Billion Bitcoin Exodus
The cryptocurrency market is witnessing two developments that highlight how quickly blockchain activity and investor behavior can shift. Robinhood Chain is reportedly processing roughly twice the NFT trading volume of Ethereum. While approximately $15 billion worth of Bitcoin has moved from long-term holder wallets following the ColdCard hack. The developments point to a market being […] The post Robinhood Chain’s NFT Surge and the $15 Billion Bitcoin Exodus appeared first on Tekedia.
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SpaceX Stock Surges Nearly 40% in Five Trading Days as Investor Optimism Builds
SpaceX is delivering another powerful performance in the financial markets, with the company’s shares gaining roughly 10% in a single trading session and pushing its five-day advance to almost 40%. The sharp rally highlights the growing investor enthusiasm surrounding the private space and technology company as markets increasingly focus on its expanding business portfolio, artificial […] The post SpaceX Stock Surges Nearly 40% in Five Trading Days as Investor Optimism Builds appeared first on Tekedia.
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US Government Spending Pushes Budget Deficit to Five-Year High
The US federal budget deficit has surged to $432 billion, marking the largest monthly shortfall in five years and highlighting the growing pressure on the country’s finances. The sharp increase underscores the widening gap between government spending and revenue at a time when policymakers are already facing difficult decisions over taxes, interest rates, debt management […] The post US Government Spending Pushes Budget Deficit to Five-Year High appeared first on Tekedia.
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Elon Musk Says SpaceX Must “Win on AI” as Artificial Intelligence Becomes Central to Its Future
Elon Musk is positioning artificial intelligence as the next major frontier for SpaceX, arguing that the company’s future success will depend heavily on its ability to lead in AI and robotics. In a recent internal address, Musk told employees that SpaceX must “win on AI,” as he expects AI to eventually surpass the company’s traditional […] The post Elon Musk Says SpaceX Must “Win on AI” as Artificial Intelligence Becomes Central to Its Future appeared first on Tekedia.
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Chinese AI Chip Designer Kiwimoore Targets $2bn Hong Kong IPO as Beijing Pushes Chip Self-Sufficiency
Chinese chip designer Kiwimoore has confidentially filed for a Hong Kong initial public offering that could value the company at about $2 billion, as the young semiconductor firm seeks to capitalize on China’s drive to build a domestic AI computing supply chain amid continuing U.S. technology restrictions. The Shanghai-based company plans to list in Hong […] The post Chinese AI Chip Designer Kiwimoore Targets $2bn Hong Kong IPO as Beijing Pushes Chip Self-Sufficiency appeared first on Tekedia.
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Lakers $12 billion acquisition as Neurosurgery Resident Uses ChatGPT to Work on Crouzeix’s Conjecture
The Los Angeles Lakers and the growing influence of artificial intelligence have emerged as two very different stories that illustrate the extraordinary scale of change taking place across sports, business and technology. Reports that the Lakers franchise has been purchased for $12 billion by Jared Kushner and Bob Iger represent a landmark moment for professional […] The post Lakers $12 billion acquisition as Neurosurgery Resident Uses ChatGPT to Work on Crouzeix’s Conjecture appeared first on Tekedia.
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Cerebras Shares Sink 14% Despite Raised Forecast as AI Chipmaker Bets on Fast Inference
Cerebras Systems raised its full-year revenue forecast and posted a smaller-than-expected adjusted loss in its second earnings report as a public company, but shares fell sharply in extended trading after quarterly sales came in below Wall Street expectations. The AI chipmaker’s stock dropped about 14% after the company reported second-quarter core revenue of $180 million, […] The post Cerebras Shares Sink 14% Despite Raised Forecast as AI Chipmaker Bets on Fast Inference appeared first on Tekedia.
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Shein Loses London Copyright Case Against Rival Temu as Legal Battle Escalates
Fast-fashion giant Shein lost a London lawsuit against rival Temu on Thursday after a British court dismissed its copyright infringement claims over the use of photographs of Shein products, delivering a setback to the company as it prepares for a potential Hong Kong stock listing. The ruling marks the first major judgment in the London […] The post Shein Loses London Copyright Case Against Rival Temu as Legal Battle Escalates appeared first on Tekedia.
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Cisco Shares Fall Despite Earnings Beat and Strong AI-Driven Forecast
Cisco shares fell in extended trading Wednesday even after the networking equipment maker reported better-than-expected fourth-quarter results and issued revenue guidance that significantly exceeded Wall Street estimates, as investors appeared to focus on the expectations already embedded in the stock’s sharp recent rally. Cisco reported adjusted earnings per share of $1.22, above the $1.17 expected […] The post Cisco Shares Fall Despite Earnings Beat and Strong AI-Driven Forecast appeared first on Tekedia.
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Lenovo Revenue Surges 43% as AI Hardware Boom and Memory Shortage Drive Record Growth
Lenovo Group reported its strongest quarterly revenue growth in five years, sending shares sharply higher on Thursday as the world’s largest PC maker benefited from surging demand for artificial intelligence infrastructure, strong device sales and its ability to manage a global shortage of memory chips. Revenue rose 43% year over year to $26.94 billion in […] The post Lenovo Revenue Surges 43% as AI Hardware Boom and Memory Shortage Drive Record Growth appeared first on Tekedia.
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Aave and Cardano Cool Off, but Experts Say BlockDAG at $0.002 Could Deliver Massive 1000x Upside!
Recent updates around every Cardano price prediction involve difficult news today: Grayscale cancelled its plans for a Cardano ETF, breaking months of institutional hopes. Meanwhile, the Aave current price sits close to $89, showing decent stability on the surface while the network quietly shuts down six low-activity blockchain setups. Neither coin shows strong growth potential. […] The post Aave and Cardano Cool Off, but Experts Say BlockDAG at $0.002 Could Deliver Massive 1000x Upside! appeared first on Tekedia.
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BlockDAG Captures Global Crypto Attention: Is This the Best New Crypto Presale of 2026?
As of mid-August 2026, the total cryptocurrency market cap hovers near $2.2 trillion during a period of noticeable market stagnation. Bitcoin continues to trade between $63,000 and $65,000, struggling against strong resistance due to sluggish US employment figures and an unusually tight connection to the S&P 500. Additionally, US spot Bitcoin ETFs recently experienced $145 […] The post BlockDAG Captures Global Crypto Attention: Is This the Best New Crypto Presale of 2026? appeared first on Tekedia.
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BlockDAG Presale (BDAG) Opens a 50x Path from $500 Toward $25,000 While XRP & SOL Face Heavy Losses
Two major crypto names are facing a tough period. XRP is trading near $1, close to its 52-week bottom after losing around 68% over the past year. Solana has seen a similar decline, falling more than half from a year ago and remaining nearly 74% below its all-time high despite a recent small bounce. For […] The post BlockDAG Presale (BDAG) Opens a 50x Path from $500 Toward $25,000 While XRP & SOL Face Heavy Losses appeared first on Tekedia.
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Quantinuum, Oracle Partner to Bring Quantum Computing to Oracle Cloud
Quantinuum and Oracle are joining forces to bring quantum computing to Oracle’s cloud infrastructure, giving businesses and researchers access to quantum processing alongside artificial intelligence and high-performance computing as the technology industry moves closer to commercializing quantum systems. The companies announced a multi-year partnership on Tuesday but did not disclose financial terms or provide a […] The post Quantinuum, Oracle Partner to Bring Quantum Computing to Oracle Cloud appeared first on Tekedia.
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Global Markets Hold Steady as Middle East Shipping Attacks Lift Oil, Investors Await U.S. Inflation Data
Global equity markets were broadly steady on Wednesday while oil prices extended their advance as renewed attacks on shipping in the Middle East weakened hopes of a quick end to the U.S.-Iran war and heightened concerns over the inflationary consequences of prolonged disruption to energy supplies. The latest attacks came as tensions around the strategically […] The post Global Markets Hold Steady as Middle East Shipping Attacks Lift Oil, Investors Await U.S. Inflation Data appeared first on Tekedia.
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Norway’s $2.3tn Wealth Fund Posts Record $185bn Profit as Asian Tech Stocks Surge
Norway’s sovereign wealth fund posted a record first-half profit of more than $184 billion as a sharp rebound in global equities, led by Asian technology stocks, propelled its portfolio higher and helped offset losses suffered earlier in the year. Norges Bank Investment Management, which manages the fund, said Wednesday that its return for the first […] The post Norway’s $2.3tn Wealth Fund Posts Record $185bn Profit as Asian Tech Stocks Surge appeared first on Tekedia.
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CPI Holds to Expectations as Rate-Hike Bets Fade and Trump Floats Capital-Gains Tax Cuts
Financial markets entered Wednesday’s U.S. inflation report under pressure, with equities and cryptocurrencies pulling back as investors positioned for the latest consumer-price data. The July Consumer Price Index had become a major focus for traders because inflation remains above the Federal Reserve’s 2% target, while uncertainty over the central bank’s next policy move has kept […] The post CPI Holds to Expectations as Rate-Hike Bets Fade and Trump Floats Capital-Gains Tax Cuts appeared first on Tekedia.
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Litecoin & Polygon Are Stuck in the Past: Why BlockDAG Could Be the Next 1000x Crypto!
A few tokens do not crash quickly, but rather bleed down over time. Litecoin and Polygon show this trend clearly in today’s crypto market. Both projects feature real technology, real histories, and strong user bases. Litecoin stands as one of the oldest digital payment assets, while Polygon serves as a key scaling solution for Ethereum. […] The post Litecoin & Polygon Are Stuck in the Past: Why BlockDAG Could Be the Next 1000x Crypto! appeared first on Tekedia.
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Microbetting Narrows Into Single Moments
Microbetting is moving live wagering away from broad match predictions and toward one clearly defined event at a time. For esports viewers, markets around pages such as https://1xbet.ie/en/esports/real/valorant show how naturally the format fits fast rounds, sudden momentum shifts and decisions made while the broadcast is still unfolding. The trend is not simply about more […] The post Microbetting Narrows Into Single Moments appeared first on Tekedia.
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Inside VIP Programs: What High Rollers Actually Get Access To
A regular at any casino will tell you the same thing. The moment your spending crosses a certain line, everything around you starts to change quietly. Online platforms have built entire systems around that shift, and few players outside the top tiers ever see how deep it goes. The Invitation Nobody Applies For VIP status […] The post Inside VIP Programs: What High Rollers Actually Get Access To appeared first on Tekedia.
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Michael Burry Flags Record Calm in Stock Market as Potential Warning Sign
Michael Burry is warning that an unusually long period of calm in the U.S. stock market could be another sign that investors are underestimating the risk of a sharp reversal, pointing to a technical indicator that has reached an extreme not seen in at least three decades. Burry, the investor made famous by “The Big […] The post Michael Burry Flags Record Calm in Stock Market as Potential Warning Sign appeared first on Tekedia.
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Why Instagram Hides Following Activity and What’s Still Visible
Instagram shows plenty about followers and following, but it does not present that information as a clean activity log. A profile can reveal follower and following counts, while access to the actual lists depends on privacy settings. Meta publishes rules for profile visibility and follow requests. Its public documentation does not state that another person’s […] The post Why Instagram Hides Following Activity and What’s Still Visible appeared first on Tekedia.
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XRP and Cardano Are Well Below Their Peaks, Could BlockDAG Turn $500 Into $25,000? Here’s Why Buyers Are Rushing In
Two top crypto projects are testing investor confidence today. XRP and Cardano spent years building systems, seeking big partners, and launching updates. Yet both projects sit far down from their past price peaks. Investors who bought these coins hoping for big gains now face a long period of waiting. The core tech works fine, but […] The post XRP and Cardano Are Well Below Their Peaks, Could BlockDAG Turn $500 Into $25,000? Here’s Why Buyers Are Rushing In appeared first on Tekedia.
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Mr Eazi’s Choplife is the latest startup to move to digital free zone Itana
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Kenya says cyber cafés won’t need to monitor users’ browsing history
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Ndubuisi Ekekwe Delivers Keynote At NiDEC 2026 in Toronto, Canada
Good People, thank you, Fellow Citizens, for giving this Ovim village boy the privilege of delivering the Keynote Address at the Nigeria Diaspora Economic Conference (NiDEC) 2026 in Toronto, Canada. It was truly a magical experience, sharing ideas on Nigeria’s economic future and co-moderating important conversations with H.E. Prof. Chukwuma Charles Soludo, CFR, Governor of […] The post Ndubuisi Ekekwe Delivers Keynote At NiDEC 2026 in Toronto, Canada appeared first on Tekedia.
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Report on Cultural Roadblocks to Digital Infrastructure Revisited: What Happened Next in Niger State
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SASSA September 2026 payment dates: Full schedule
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Standard Bank wants to own more of Africa’s digital payment flows 
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Africa’s cybercriminals are adopting AI faster than the institutions chasing them
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Booking CEO Warns AI Could Trigger ‘Human Cost’, Wants “Every Single Employee” To Become “AI Literate” 
Booking Holdings CEO Glenn Fogel has warned that the rapid adoption of artificial intelligence could carry a significant “human cost,” as companies deploy increasingly capable systems to automate tasks once performed by employees. Fogel, who has led Booking Holdings since 2017 and also serves as CEO of Booking.com, said the company is actively considering how […] The post Booking CEO Warns AI Could Trigger ‘Human Cost’, Wants “Every Single Employee” To Become “AI Literate”  appeared first on Tekedia.
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CFTC Prepared to Advance Crypto Regulations Even if Congress Fails on Clarity Act
The Commodity Futures Trading Commission has disclosed its readiness to move forward with cryptocurrency regulations using its existing authorities if Congress does not pass the long-awaited Digital Asset Market Clarity Act. The development comes as the landmark market structure bill stalled ahead of the August recess, shifting momentum toward agency-driven rulemaking. Recall that the U.S. […] The post CFTC Prepared to Advance Crypto Regulations Even if Congress Fails on Clarity Act appeared first on Tekedia.
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Bank of America Unveils $250bn U.S. Infrastructure Financing Plan as AI Drives Capital Demand
Bank of America plans to deploy $250 billion toward U.S. digital and infrastructure projects by July 2027, adding to a growing push by Wall Street’s largest banks to channel unprecedented amounts of private capital into the facilities needed to support artificial intelligence, energy production, and broader economic growth. The bank said Wednesday that its new […] The post Bank of America Unveils $250bn U.S. Infrastructure Financing Plan as AI Drives Capital Demand appeared first on Tekedia.
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Nigeria’s identity law raises questions over who regulates digital signatures
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