Naija News Feed
Technology
SEC Expands Crypto Regulatory Sandbox With Seven New Firms As Nigeria Deepens Digital Asset Oversight
Nigeria’s cryptocurrency regulatory framework has expanded further after the Securities and Exchange Commission (SEC) admitted seven additional companies into its Accelerated Regulatory Incubation Programme (ARIP), marking another milestone in the government’s efforts to bring the country’s rapidly growing digital asset industry under formal regulatory supervision. The Commission disclosed the development in a statement issued on […] The post SEC Expands Crypto Regulatory Sandbox With Seven New Firms As Nigeria Deepens Digital Asset Oversight appeared first on Tekedia.
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June Crypto Market Recap: Winners, Losers, and Hidden Trends
June appeared to be a positive month for the cryptocurrency market. The top 100 digital assets by market capitalization recorded an average return of 8.9%, a figure that suggests investors broadly enjoyed healthy gains. A closer examination reveals a strikingly different reality. While the average performance was firmly positive, an overwhelming 82.1% of those assets […] The post June Crypto Market Recap: Winners, Losers, and Hidden Trends appeared first on Tekedia.
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Impact of Securitize’s NYSE Listing on the Digital Asset Industry
Securitize’s listing on the New York Stock Exchange marks a significant milestone for the digital asset industry, highlighting how blockchain technology is becoming increasingly integrated with traditional financial markets. As one of the leading platforms specializing in the tokenization of real-world assets, Securitize has spent years building the infrastructure needed to bring securities onto blockchain […] The post Impact of Securitize’s NYSE Listing on the Digital Asset Industry appeared first on Tekedia.
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Meta’s New Watermelon AI Challenges GPT-5.5 in the Race for AI Leadership
Meta has taken another significant step in the artificial intelligence race with reports that its latest AI model, code-named Watermelon, has reached performance levels comparable to GPT-5.5. The development underscores the rapid pace of innovation in the AI industry, where leading technology companies are investing billions of dollars to build increasingly capable foundation models. As […] The post Meta’s New Watermelon AI Challenges GPT-5.5 in the Race for AI Leadership appeared first on Tekedia.
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Amazon’s Project Leo Takes on Starlink in the Satellite Internet Race
Amazon has officially entered the rapidly expanding satellite internet market, marking a significant step in its long-term technology strategy. Through its ambitious Project Kuiper initiative, the company aims to build a global broadband network capable of delivering high-speed internet access to millions of people, particularly those living in underserved and remote regions. The move places […] The post Amazon’s Project Leo Takes on Starlink in the Satellite Internet Race appeared first on Tekedia.
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RTX Price Reveal Lands: Remittix Sets $0.35 Minimum For Major Exchange Launch
Remittix has finally delivered the update RTX holders have been waiting for, confirming that the token will launch on major exchanges at a minimum price of $0.35. The price reveal has become a major moment for the community, giving holders a clear benchmark before RTX begins trading publicly. After weeks of anticipation around launch details, […] The post RTX Price Reveal Lands: Remittix Sets $0.35 Minimum For Major Exchange Launch appeared first on Tekedia.
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Boost by Tradegrid
Great things often have humble beginnings, and that is the story of Tradegrid. When we first invested in this company, we saw potential, but today, witnessing it generate tens of billions of Naira across Nigeria is truly remarkable. If you are a driver, look for the ‘Boost by Tradegrid’ sign at your local filling station; […] The post Boost by Tradegrid appeared first on Tekedia.
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Alibaba, Tencent Back Kuaishou’s Kling AI In $2.8bn Fundraise, Valuing The AI Video Platform At About $15bn
China’s artificial intelligence funding race gathered further momentum after video-generation startup Kling AI secured one of the largest financing rounds in the country’s generative AI sector, drawing backing from some of China’s biggest technology companies as competition with U.S. AI leaders intensifies. Kuaishou Technology said Thursday that a consortium of investors led by Alibaba and […] The post Alibaba, Tencent Back Kuaishou’s Kling AI In $2.8bn Fundraise, Valuing The AI Video Platform At About $15bn appeared first on Tekedia.
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Trump’s Crypto Comments Spark Debate Over Family Digital Asset Profits
Trump’s latest remarks about his family’s cryptocurrency earnings have reignited debate over the growing intersection of politics, digital assets, and personal financial interests. During a recent interview, the U.S. president claimed that he did not know how much money his family had made from crypto-related ventures. The statement immediately drew attention from political observers, financial […] The post Trump’s Crypto Comments Spark Debate Over Family Digital Asset Profits appeared first on Tekedia.
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Anthropic Expands AI Infrastructure as SanDisk Stock Loses Momentum
Anthropic is navigating a familiar challenge in the artificial intelligence industry: demand for cutting-edge AI models is growing faster than the computing infrastructure needed to support them. The company recently indicated that it hopes to bring Fable 5 back to Claude Max subscriptions over time as additional capacity becomes available. At the same time, reports […] The post Anthropic Expands AI Infrastructure as SanDisk Stock Loses Momentum appeared first on Tekedia.
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Meta Admits AI Restructuring Fell Short as Zuckerberg Bets on Next-Generation Models to Close Gap With OpenAI
Meta Chief Executive Mark Zuckerberg has acknowledged that the company’s sweeping AI-driven restructuring has not delivered the rapid gains management anticipated, offering one of his clearest admissions yet that the social media giant’s aggressive reorganization has fallen short of expectations even as it pours unprecedented sums into artificial intelligence. Speaking during an internal town hall […] The post Meta Admits AI Restructuring Fell Short as Zuckerberg Bets on Next-Generation Models to Close Gap With OpenAI appeared first on Tekedia.
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Dow Jones Reaches Record High as Crypto Token Buybacks Outpace Supply Growth
Investor confidence strengthened across both traditional finance and the cryptocurrency market as the Dow Jones Industrial Average closed at a new all-time high while blockchain analytics platform Tokenomist reported that eight crypto tokens are reducing their circulating supply through aggressive buyback programs. These developments highlight a broader trend of capital returning to risk assets and […] The post Dow Jones Reaches Record High as Crypto Token Buybacks Outpace Supply Growth appeared first on Tekedia.
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Why Alibaba Restricted Claude Code in Its Development Environment
Alibaba has reportedly prohibited the use of Claude Code within parts of its organization due to concerns over potential backdoor security risks. The decision underscores the growing tension between the rapid adoption of artificial intelligence coding assistants and the increasing need for organizations to safeguard sensitive systems, proprietary data, and critical infrastructure. As AI-powered development […] The post Why Alibaba Restricted Claude Code in Its Development Environment appeared first on Tekedia.
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Chinese AI Startup Z.ai Ignites ‘Mini DeepSeek Moment’ as GLM-5.2 Challenges OpenAI and Anthropic at a Fraction of the Cost
China’s artificial intelligence race has entered a new phase, with Beijing-based startup Z.ai emerging as the latest company challenging the dominance of leading U.S. AI developers. Its recently launched GLM-5.2 model is winning praise from developers, technology executives and investors, bolstering the belief that China’s AI ecosystem is closing the performance gap with OpenAI and […] The post Chinese AI Startup Z.ai Ignites ‘Mini DeepSeek Moment’ as GLM-5.2 Challenges OpenAI and Anthropic at a Fraction of the Cost appeared first on Tekedia.
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Gold Buying Slows in India as Prices Rebound, While Chinese Demand Shows Signs of Recovery
Gold demand in India softened again on Friday after a brief recovery earlier in the week, as a rebound in prices from three-month lows prompted buyers to step back and return to a more cautious stance. At the same time, buying interest in China improved modestly, with dealers reporting a slight pickup in inquiries after […] The post Gold Buying Slows in India as Prices Rebound, While Chinese Demand Shows Signs of Recovery appeared first on Tekedia.
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Digital Nomads: The AI engineer who left Nigeria for Germany and quadrupled his income
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A Zimbabwean developer built a bride price calculator that went global
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Best Travel Tech 2026: 12 Gadgets Worth Packing This Summer
Best Travel Tech 2026: 12 Gadgets Worth Packing This Summer Summer is one of the busiest travel seasons of the year. Whether you’re flying abroad, taking a road… TechCity
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Meta’s Alexandr Wang Claims Major Stride in AI Race With New Model Closing Gap with OpenAI’s GPT-5.5
Meta Platforms is making significant progress in the artificial intelligence model race, its superintelligence chief, Alexandr Wang, told employees on Friday, marking what could be an important milestone in the company’s aggressive push to catch up with industry leaders. In an internal town hall, Wang said that Meta’s upcoming AI model, codenamed Watermelon, has caught […] The post Meta’s Alexandr Wang Claims Major Stride in AI Race With New Model Closing Gap with OpenAI’s GPT-5.5 appeared first on Tekedia.
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GoDaddy Challenges Indian Court Orders on Domain Privacy, Warning Measures to Curb Fake Websites Could Undermine Global Internet Safety
India’s aggressive efforts to combat the proliferation of fake websites impersonating major brands are raising alarms among global domain registrars, who warn that new court-mandated measures could undermine internet privacy and create unintended consequences for legitimate businesses worldwide. Per Reuters, the world’s biggest internet domain seller, GoDaddy, has mounted a strong legal challenge against directives […] The post GoDaddy Challenges Indian Court Orders on Domain Privacy, Warning Measures to Curb Fake Websites Could Undermine Global Internet Safety appeared first on Tekedia.
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Nvidia Pushes Deeper Into AI Economy With Revenue-Sharing Model for Startups
Nvidia is broadening its role in the artificial intelligence industry beyond designing the chips powering the AI revolution, unveiling a new revenue-sharing initiative that will allow fast-growing startups to exchange future earnings for access to high-performance computing infrastructure. The strategy stemmed from the company’s ambition to become not just the dominant supplier of AI hardware […] The post Nvidia Pushes Deeper Into AI Economy With Revenue-Sharing Model for Startups appeared first on Tekedia.
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Catalyst Fund Reaches $30 Million Second Close to Scale Investment in Africa’s Climate Tech Startups
Catalyst Fund, an early-stage VC fund, has announced the successful completion of a $30 million second close, bringing on a new group of investors to further its mission of supporting Africa’s climate technology entrepreneurs. The latest funding round welcomes new investors, including the International Finance Corporation (IFC), FASA Fund by Investisseurs & Partenaires, Shell Foundation, […] The post Catalyst Fund Reaches $30 Million Second Close to Scale Investment in Africa’s Climate Tech Startups appeared first on Tekedia.
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Spot Bitcoin ETFs End 10-Day Outflow Streak as Bitcoin Surpasses $62,000
The cryptocurrency market regained momentum after U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a combined $222 million in daily net inflows, bringing an end to a 10-day streak of capital outflows. The renewed investor interest coincided with Bitcoin climbing above the $62,000 mark, signaling a notable improvement in market sentiment. These developments suggest that institutional […] The post Spot Bitcoin ETFs End 10-Day Outflow Streak as Bitcoin Surpasses $62,000 appeared first on Tekedia.
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Good Shareholding, The Cap fits TAP, The Power Behind Cowry Card, Ije Card, etc
I first met them in a modest office on Adeola Odeku Street in Victoria Island, Lagos. They had a small piece of technology, but I was completely sold on the vision. Today, Touch and Pay (TAP) powers governments, enterprises, and millions of users across Nigeria. Olamide, Kabir Aderemi, and Michael set out to solve what […] The post Good Shareholding, The Cap fits TAP, The Power Behind Cowry Card, Ije Card, etc appeared first on Tekedia.
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Cloudflare Unveils Stablecoin Monetization Platform for the Modern Web
Cloudflare has announced the launch of a stablecoin monetization gateway, marking another significant step toward integrating blockchain-based payments into the broader internet economy. As one of the world’s leading internet infrastructure companies, Cloudflare powers millions of websites, applications, and online services. By introducing a gateway that enables stablecoin payments, the company aims to simplify digital […] The post Cloudflare Unveils Stablecoin Monetization Platform for the Modern Web appeared first on Tekedia.
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X Allocates $1 Million to Streamers as Venice Reaches $1 Billion Valuation with $65 Million Funding Round
The digital economy continues to evolve at a rapid pace, with technology platforms and artificial intelligence companies making strategic moves to attract creators, users, and investors. Two recent developments highlight these changing dynamics: X’s decision to allocate $1 million in rewards to streamers and Venice’s successful $65 million equity fundraising round, which values the AI […] The post X Allocates $1 Million to Streamers as Venice Reaches $1 Billion Valuation with $65 Million Funding Round appeared first on Tekedia.
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Delayed MicroStrategy Stock Filing Puts Kash Patel Under Ethics Spotlight
Questions surrounding financial transparency and ethics in public office have resurfaced after FBI Director Kash Patel disclosed a significant investment in MicroStrategy stock several months after completing the transaction. According to financial disclosure records, Patel purchased between $100,001 and $250,000 worth of MicroStrategy shares on November 21, 2025. However, the transaction was not reported until […] The post Delayed MicroStrategy Stock Filing Puts Kash Patel Under Ethics Spotlight appeared first on Tekedia.
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LemFi Expands Beyond Cross-Border Payments With Wealth8 Acquisition
LemFi, a financial service app, has expanded its footprint beyond cross-border payments with the acquisition of Wealth8, a Financial Conduct Authority (FCA)-regulated investment platform, marking a significant step in its evolution into a full-service financial platform. The acquisition enables LemFi to move beyond helping customers save and send money internationally, positioning the company to offer […] The post LemFi Expands Beyond Cross-Border Payments With Wealth8 Acquisition appeared first on Tekedia.
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U.S. Labor Market Cools as June Payrolls Miss 115K Consensus
June’s payroll report delivered an unwelcome surprise for investors, policymakers, and economists alike, with the economy adding just 57,000 jobs during the month. The figure fell significantly below the consensus forecast of 115,000 new positions and marked a notable slowdown from May’s revised gain of 129,000 jobs. The weaker-than-expected data has intensified concerns that the […] The post U.S. Labor Market Cools as June Payrolls Miss 115K Consensus appeared first on Tekedia.
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Binance Sees Lowest-Ever Retail Inflows Amid Changing Crypto Investor Sentiment
Daily retail inflows to Binance have fallen to their lowest level on record, marking a significant shift in cryptocurrency market participation. Binance remains the world’s largest cryptocurrency exchange by trading volume, the decline in retail deposits suggests that smaller investors are becoming increasingly cautious after years of heightened volatility, regulatory scrutiny, and changing market dynamics. […] The post Binance Sees Lowest-Ever Retail Inflows Amid Changing Crypto Investor Sentiment appeared first on Tekedia.
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NVIDIA Returned Over 24,000% In The Last 10 Years, Why Stargate Should Be Your Next AI Bet Over DOGE & XRP
A decade ago, NVIDIA traded below $5. Today it has returned over 24,000% to anyone who held through the AI buildout, turning a $10,000 position into roughly $2.4 million. The company posted $58.3 billion in net income in a single quarter this year, more profit in 90 days than Intel generated in revenue across all […] The post NVIDIA Returned Over 24,000% In The Last 10 Years, Why Stargate Should Be Your Next AI Bet Over DOGE & XRP appeared first on Tekedia.
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Amazon Nears Starlink Challenge as Leo Satellite Network Set for Internet Service Launch This Year
Amazon is preparing to enter the satellite broadband market later this year after reaching a major deployment milestone for its Project Leo low-Earth orbit (LEO) constellation, setting the stage for a direct challenge to Elon Musk’s dominant Starlink network. The company said it now has enough satellites in orbit to begin offering initial internet services, […] The post Amazon Nears Starlink Challenge as Leo Satellite Network Set for Internet Service Launch This Year appeared first on Tekedia.
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JPMorgan Warns Michael Saylor’s Bitcoin Strategy Creates New Risk For The Market
JPMorgan, one of the world’s largest banks with $4.7 trillion in assets, has issued a warning about Michael Saylor’s aggressive Bitcoin accumulation strategy through MicroStrategy. The bank argues that the company’s latest financing plan introduces fresh uncertainty into the Bitcoin market by raising the possibility that one of its biggest buyers could also become a […] The post JPMorgan Warns Michael Saylor’s Bitcoin Strategy Creates New Risk For The Market appeared first on Tekedia.
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China’s Ant Group Deepens Bet on Humanoid Robots, Leads $74m Funding Round in Zeroth
Alibaba-affiliate Ant Group is accelerating its push into humanoid robotics, leading a 500 million yuan ($73.6 million) funding round in Chinese robotics startup Zeroth as the company expands beyond fintech and artificial intelligence into one of the fastest-growing frontiers of AI-powered hardware. The investment marks Ant’s latest move to build a strategic presence across China’s […] The post China’s Ant Group Deepens Bet on Humanoid Robots, Leads $74m Funding Round in Zeroth appeared first on Tekedia.
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Pick n Pay Bets on AI to Transform Grocery Shopping with ‘Penny’
Pick n Pay asap! has launched Penny, South Africa’s first fully integrated AI-powered grocery shopping companion, transforming the way customers shop for groceries through natural conversations. Powered by Google’s Gemini AI models, Penny is built into the Pick n Pay asap! app and allows shoppers to create grocery baskets, plan meals and discover products using […]
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Meta’s AI Compute Expansion Signals a New Era of Growth
Artificial intelligence has become the defining force shaping the technology industry, and Meta has emerged as one of its biggest beneficiaries. The company’s recent financial performance reflects growing investor confidence in its strategic pivot toward AI infrastructure and computing power. By investing heavily in advanced chips, data centers, and AI-driven products, Meta has positioned itself […] The post Meta’s AI Compute Expansion Signals a New Era of Growth appeared first on Tekedia.
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