Naija News Feed
Technology
Beyond Bitcoin: Stablecoins And Ethereum Are Powering Nigeria’s Crypto economy
Nigeria’s cryptocurrency landscape is undergoing a quiet but profound shift. While Bitcoin still commands attention and remains the most recognized digital asset, it is no longer the primary driver of Nigeria’s everyday crypto activity. Within the country’s $57 billion retail market, stablecoins led by Tether (USDT), alongside utility-focused networks like Ethereum, are increasingly taking center […] The post Beyond Bitcoin: Stablecoins And Ethereum Are Powering Nigeria’s Crypto economy appeared first on Tekedia.
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Rivian Offers CEO $4.6bn Pay Plan, Echoing Musk’s Mega Deal as EV Industry Races for Growth
Rivian’s board has approved a new compensation package for CEO RJ Scaringe worth as much as $4.6 billion over the next decade — a move that mirrors Tesla’s headline-grabbing $1 trillion pay plan for Elon Musk. The decision underscores how Musk’s compensation structure has become a model for high-growth companies seeking to tie executive rewards […] The post Rivian Offers CEO $4.6bn Pay Plan, Echoing Musk’s Mega Deal as EV Industry Races for Growth appeared first on Tekedia.
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Profits Fall at Germany’s Daimler Truck
Daimler Truck, the world’s largest commercial vehicle manufacturer, reported a significant decline in its third-quarter financial performance primarily due to ongoing weakness in the North American market. The company’s adjusted earnings before interest and taxes (EBIT) dropped 40% year-over-year to €716 million, while revenue fell 13% to €11.45 billion. Global unit sales also decreased 15% […] The post Profits Fall at Germany’s Daimler Truck appeared first on Tekedia.
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Pfizer Wins $10bn Fight for Metsera, Gaining Foothold in Obesity Drug Market
Pfizer has clinched a $10 billion deal to acquire Metsera, the U.S. biotech developer of experimental obesity drugs, marking the end of a heated bidding war with Novo Nordisk that captivated the pharmaceutical industry. The acquisition gives Pfizer a much-needed entry into the booming obesity drug market, which analysts project could reach $150 billion by […] The post Pfizer Wins $10bn Fight for Metsera, Gaining Foothold in Obesity Drug Market appeared first on Tekedia.
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You Are the Product: The Real Audition in Early-Stage Fundraising
I just finished a class in Tekedia Mini-MBA, and the takeaway is simple but profound: the best time to audition to raise money is when you do not need money. Likewise, the best time to audition for a job is when there is no job advertised. At that early stage, investors are not buying your […] The post You Are the Product: The Real Audition in Early-Stage Fundraising appeared first on Tekedia.
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Bitcoin Bull Score Hits Zero, First Time Since 2022 Bear Market
The Bitcoin Bull Score is a composite on-chain metric developed by CryptoQuant, ranging from 0 to 10. It aggregates 10 key indicators to gauge Bitcoin’s bullish momentum, including: MVRV Ratio— Market Value to Realized Value, measuring investor profitability. ETF flows (institutional inflows/outflows). Stablecoin liquidity on the Bitcoin network. Demand growth; Trader margins, and others like […] The post Bitcoin Bull Score Hits Zero, First Time Since 2022 Bear Market appeared first on Tekedia.
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Ghana Moves Toward Comprehensive Regulation of Virtual Assets and Service Providers
The Bank of Ghana (BoG) has published a draft policy paper outlining how the country intends to regulate virtual assets and virtual asset service providers (VASPs), marking a significant step toward formal oversight of digital currencies and blockchain-based finance. The document, titled “Ghana’s Policy Position on Virtual Assets and Service Providers,” proposes a principle-driven and […] The post Ghana Moves Toward Comprehensive Regulation of Virtual Assets and Service Providers appeared first on Tekedia.
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Nvidia CEO Jensen Huang Rules Out Blackwell Chip Sales to China as U.S.-China Tech Rift Deepens
Nvidia Chief Executive Jensen Huang has ruled out any immediate possibility of selling the company’s flagship Blackwell AI chips to China, saying there are “no active discussions” to ease U.S. export restrictions. His remarks highlight how Washington’s tightening curbs on advanced chip sales have upended one of Nvidia’s most lucrative markets, deepening the fracture between […] The post Nvidia CEO Jensen Huang Rules Out Blackwell Chip Sales to China as U.S.-China Tech Rift Deepens appeared first on Tekedia.
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IBM Balances Automation-fueled Layoffs with AI-Focused Hiring Spree for Graduates
IBM is cutting thousands of jobs worldwide as part of its ongoing shift toward artificial intelligence and software-driven services, yet the tech giant pledges to ramp up recruitment of young graduates skilled in emerging technologies. The dual strategy highlights a defining paradox of the AI era: while automation is displacing traditional roles, it is also […] The post IBM Balances Automation-fueled Layoffs with AI-Focused Hiring Spree for Graduates appeared first on Tekedia.
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JP Morgan’s Latest Bitcoin Prediction: $170K in 6-12 Months
JPMorgan has forecasted that Bitcoin could reach around $170,000 in the next 6-12 months, based on a fresh analysis released on November 6, 2025. This comes amid a recent pullback in BTC’s price below $100,000 it was trading around $103,000 as of early November 7, marking its first dip under that psychological level in four […] The post JP Morgan’s Latest Bitcoin Prediction: $170K in 6-12 Months appeared first on Tekedia.
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72 Out of Top 100 Cryptocurrencies By Market Cap Are Trading 50% Below ATH
According to recent analysis from Galaxy Research, 72 of the top 100 cryptocurrencies by market capitalization are currently trading at least 50% below their all-time highs as of early November 2025. This reflects ongoing market pressures, including the aftermath of the 2021 bull cycle hype, failed projects, and token dilution from unlocks. Large-cap standouts: A […] The post 72 Out of Top 100 Cryptocurrencies By Market Cap Are Trading 50% Below ATH appeared first on Tekedia.
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Elixir Sunsets deUSD After Fallout on Stream Finance
Elixir, a decentralized finance (DeFi) liquidity provider, announced it is sunsetting its synthetic stablecoin deUSD in response to severe fallout from Stream Finance’s $93 million loss. Stream, a DeFi yield aggregator, halted withdrawals on November 4 after an external fund manager disclosed the massive shortfall, revealing $285 million in total debt across lenders—including $68 million […] The post Elixir Sunsets deUSD After Fallout on Stream Finance appeared first on Tekedia.
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Nigerian Stocks Extend Selloff, Lose N2.8tn in Five Days as Tax Fears and Trump’s Threats Rattle Investors
Nigeria’s equities market closed deep in the red on Friday, November 7, marking the fifth straight day of losses as investors continued to dump stocks amid fiscal policy concerns and mounting geopolitical tension. The Nigerian All-Share Index (ASI) fell by 501.7 points to close at 149,524.8 points, down from 150,026.6 points the previous day. The […] The post Nigerian Stocks Extend Selloff, Lose N2.8tn in Five Days as Tax Fears and Trump’s Threats Rattle Investors appeared first on Tekedia.
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Ozak AI vs Bitcoin: Why This $0.014 AI Token Could Deliver 500× the ROI of BTC in the Next Bull Cycle
Bitcoin is one of the major tokens in the world of cryptocurrencies. Several cryptocurrencies follow the same trend and are dependent on the Bitcoin price range. The price of the altcoin rises when the price of Bitcoin rises, and it falls when the price of Bitcoin falls. To protect their money, a lot of investors […] The post Ozak AI vs Bitcoin: Why This $0.014 AI Token Could Deliver 500× the ROI of BTC in the Next Bull Cycle appeared first on Tekedia.
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China’s Export Slumps, Highlights Fragile Trade Recovery Despite U.S. Truce
China’s exports declined in October for the first time in nearly two years, signaling renewed strain in global demand and marking a pause in the country’s fragile trade recovery, even after recent progress in easing tensions with the United States. According to data released by China’s General Administration of Customs, outbound shipments fell 1.1% year-on-year […] The post China’s Export Slumps, Highlights Fragile Trade Recovery Despite U.S. Truce appeared first on Tekedia.
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Elon Musk and the Looming Digital Geopolitics: When the Engine Needs Its Own Refinery
The universal truth, first posited by Pythagoras, is that the universe is numbers. The continuous human mandate, therefore, is the mastery of those numbers, a feat now entirely executed by computational engines of semiconductors. Before any technological giant, from Google to OpenAI, can achieve its next milestone, electrons must be fired across transistors, organized painstakingly […] The post Elon Musk and the Looming Digital Geopolitics: When the Engine Needs Its Own Refinery appeared first on Tekedia.
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Musk Floats Plan for Tesla ‘Terra Fab’ as Chip Demand Threatens AI and $1tn Pay package Targets
Elon Musk says Tesla may have to build its own massive semiconductor fabrication plant to meet the company’s rising chip needs — a move that underscores both Tesla’s growing dependence on artificial intelligence and the immense challenge of meeting the lofty milestones tied to Musk’s $1 trillion compensation plan. Speaking at Tesla’s annual shareholders meeting […] The post Musk Floats Plan for Tesla ‘Terra Fab’ as Chip Demand Threatens AI and $1tn Pay package Targets appeared first on Tekedia.
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White House Blocks Nvidia’s AI Chip Sales to China Amid Bipartisan Pressure from Congress
The White House has reportedly informed federal agencies that it will not permit Nvidia to sell its latest scaled-down AI chips to China, The Information reported on Thursday, citing three people familiar with the matter. The decision adds new friction to the already tense technology standoff between Washington and Beijing, coming at a time when […] The post White House Blocks Nvidia’s AI Chip Sales to China Amid Bipartisan Pressure from Congress appeared first on Tekedia.
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Southeast Asia’s Largest Bank CEO Warns Investors To Brace For Turbulence In Global Markets
The chief executive of Southeast Asia’s largest bank, DBS, has warned investors to brace for turbulence in global markets, saying that valuations in U.S. equities—particularly among top artificial intelligence-driven stocks—have become dangerously stretched. “We’ve seen a lot of volatility in the markets. It could be equities, it could be rates, it could be foreign exchange,” […] The post Southeast Asia’s Largest Bank CEO Warns Investors To Brace For Turbulence In Global Markets appeared first on Tekedia.
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“Africa doesn’t have a talent problem, it has a discovery problem” – Day 1-1000 of ProDevs
As far as ProDevs knows, tech talent isn't lacking in Africa; the companies who need them just can't see them.
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Digital Nomads: Mark Irozuru left Nigeria to chase stability. Now he’s building it into Bitcoin
Every digital system runs on invisible work that keeps it alive. In the UK, Nigerian DevOps engineer Mark Irozuru is helping build a blockchain on Bitcoin while championing simpler, more accessible Web3 tools for Africa.
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Robinhood Considers a Bitcoin Treasury Strategy, as Kazakhstan Plans $1B National Crypto Reserve Fund
Robinhood Markets (NASDAQ: HOOD), the popular commission-free trading platform, is actively evaluating the addition of Bitcoin (BTC) to its corporate treasury as of its Q3 2025 earnings call on November 5, 2025. This comes amid a massive surge in the company’s crypto-related revenues, highlighting its deepening ties to digital assets. While no final decision has […] The post Robinhood Considers a Bitcoin Treasury Strategy, as Kazakhstan Plans $1B National Crypto Reserve Fund appeared first on Tekedia.
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US Job Cuts Surge 175% in October 2025, Reaching Highest October Levels Since 2003
Recent data from Challenger, Gray & Christmas, a leading outplacement firm, reveals a sharp escalation in US layoffs, signaling potential strain in the labor market. In October 2025, US employers announced 153,074 job cuts—a 175% increase from the 55,597 cuts in October 2024 and a 183% jump from September 2025’s 54,064 cuts. This marks the […] The post US Job Cuts Surge 175% in October 2025, Reaching Highest October Levels Since 2003 appeared first on Tekedia.
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Google Integrates Prediction Market Data from Kalshi and Polymarket into Finance and Search
Google announced a major update to its Google Finance platform, incorporating real-time prediction market data from two leading platforms: Kalshi and Polymarket. This integration allows users to access crowd-sourced probabilities on future events—like elections, economic indicators, sports outcomes, and regulatory decisions—directly alongside traditional financial data such as stocks, commodities, and currencies. The feature is part […] The post Google Integrates Prediction Market Data from Kalshi and Polymarket into Finance and Search appeared first on Tekedia.
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Vast Data Signs $1.17bn Deal With CoreWeave as AI Infrastructure Race Intensifies
AI infrastructure firm Vast Data has struck a $1.17 billion commercial agreement with CoreWeave, expanding their existing partnership to meet surging demand for computing power that fuels artificial intelligence systems. The deal, which Vast confirmed to Reuters, marks one of the largest software and data infrastructure contracts in the fast-growing AI cloud sector. Under the […] The post Vast Data Signs $1.17bn Deal With CoreWeave as AI Infrastructure Race Intensifies appeared first on Tekedia.
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David Sacks Highlights Progress on U.S. Crypto Market Legislation, as MegaETH Token Release Concludes
David Sacks, appointed as the White House’s AI and Crypto Czar under President Trump, led a high-profile press conference on February 4, 2025, where he outlined significant advancements in U.S. cryptocurrency regulation. Joined by key congressional leaders—including Senate Banking Committee Chair Tim Scott (R-SC), House Financial Services Committee Chair French Hill (R-AR), Senate Agriculture Committee […] The post David Sacks Highlights Progress on U.S. Crypto Market Legislation, as MegaETH Token Release Concludes appeared first on Tekedia.
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Senators Push Trump to Block China’s Access to Advanced AI Chips, Urge Preservation of U.S. Techn Edge
A bipartisan group of U.S. senators is pressing President Donald Trump to strengthen restrictions on China’s access to advanced artificial intelligence (AI) technology, warning that easing limits could erode America’s strategic lead. The resolution, led by Senators Chris Coons (D-DE) and Tom Cotton (R-AR), comes amid growing concerns that China is closing the AI gap […] The post Senators Push Trump to Block China’s Access to Advanced AI Chips, Urge Preservation of U.S. Techn Edge appeared first on Tekedia.
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Meta’s 2024 Ad Revenue Under Scrutiny After Report Claims $16bn Came from Scam and Banned Product Ads
Meta projected late last year that around 10% of its total annual revenue — roughly $16 billion — came from advertisements linked to scams and banned goods, according to internal company documents obtained by Reuters. The cache of internal records, some dating back to 2021, shows that for at least three years, Meta failed to […] The post Meta’s 2024 Ad Revenue Under Scrutiny After Report Claims $16bn Came from Scam and Banned Product Ads appeared first on Tekedia.
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Trump Signals Thaw in U.S.-India Relations, Says Trade Talks ‘Going Well’ as India Stops Buying Russian Oil
President Donald Trump on Thursday said that trade negotiations with India were progressing positively and hinted at a potential visit to New Delhi in 2026 if invited by Prime Minister Narendra Modi. The comments, made during a White House press briefing, come as both sides move to mend a relationship strained by tariffs, visa restrictions, […] The post Trump Signals Thaw in U.S.-India Relations, Says Trade Talks ‘Going Well’ as India Stops Buying Russian Oil appeared first on Tekedia.
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3 Ethereum-Based Tokens That Could Turn 1 ETH into 20 ETH
The programmable blockchain of Ethereum supports several digital assets which use its secure, decentralized network to power real-world utility and enable smooth token functionality. The innovative technology, growing adoption, and changing market dynamics have gained the interest of many investors in tokens such as Uniswap (UNI), Chainlink (LINK), and Little Pepe (LILPEPE). Uniswap: DeFi’s Leading […] The post 3 Ethereum-Based Tokens That Could Turn 1 ETH into 20 ETH appeared first on Tekedia.
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Key Details and Implications of ZKSync’s Updated ZK Tokenomics
ZKSync founder Alex Gluchowski announced a major overhaul of the ZK token’s economic model in a detailed proposal titled “ZK Token Proposal Part I.” This update shifts the ZK token from primarily a governance tool to a utility-driven asset, directly linking its value to network revenue and activity. The goal is to create a self-sustaining […] The post Key Details and Implications of ZKSync’s Updated ZK Tokenomics appeared first on Tekedia.
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Microsoft Launches ‘MAI Superintelligence Team’ to Build Next-Generation AI for Medical Breakthroughs
Microsoft has formed a new division dedicated to developing artificial intelligence systems that can outperform humans in specific fields, starting with medical diagnostics, Reuters reports. The new unit, called the MAI Superintelligence Team, represents one of the company’s most ambitious ventures into advanced AI — and a distinct philosophical turn from the broader race toward […] The post Microsoft Launches ‘MAI Superintelligence Team’ to Build Next-Generation AI for Medical Breakthroughs appeared first on Tekedia.
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Tesla Board Weighs Investment in Elon Musk’s xAI After Shareholders Signal Support
Tesla’s board of directors will deliberate on whether to invest in Elon Musk’s artificial intelligence company, xAI, after shareholders expressed support for the proposal during Thursday’s annual meeting — the same event where they reapproved Musk’s $1 trillion pay package. While a majority of shareholders voted in favor of investing in xAI, a significant portion […] The post Tesla Board Weighs Investment in Elon Musk’s xAI After Shareholders Signal Support appeared first on Tekedia.
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Sawa Energy Secures EU-Backed Funding to Advance Clean Power in East Africa
Sawa Energy, an Ugandan renewable energy company, has secured EUR 2.5 million (USD 2.9 million) in equity funding from the EU-backed ElectriFI initiative to expand its solar and energy storage offerings for enterprises in Uganda and Rwanda. Established in 2021, Sawa Energy supplies commercial and industrial clients with fully financed solar PV and battery systems […] The post Sawa Energy Secures EU-Backed Funding to Advance Clean Power in East Africa appeared first on Tech In Africa.
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WildyNess Raises Funds to Expand Sustainable Travel Experiences
WildyNess, a sustainability-focused travel platform headquartered in Tunis that links mindful travelers with genuine local adventures, has secured an undisclosed pre-seed funding round jointly led by Bridging Angels and the African Diaspora Network. Established in 2021 by Achraf Aouadi and Rym Bourguib, WildyNess designs community-based tourism (CBT) experiences in partnership with local micro-businesses, promoting cultural […] The post WildyNess Raises Funds to Expand Sustainable Travel Experiences appeared first on Tech In Africa.
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7 African startups powering sales, sports, support, and settlements
Startups On Our Radar spotlights African startups solving African challenges with innovation. This week, we explore seven Nigerian startups in the sales management, sports, event management, and creative economy sectors and why they should be on your watchlist. Let’s dive into it:
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