Naija News Feed
Technology
Nonco Expands Institutional Collateral Toolkit from Tokenized Money Market Funds to Secured Sovereign Debt
Nonco, an institutional digital asset firm with businesses spanning derivatives, lending, OTC liquidity, market making and institutional execution, today announced that it will accept USDM1 as collateral from eligible counterparties and post USDM1 across its derivatives, financing and institutional trading activities. The adoption marks the latest expansion of Nonco’s institutional collateral toolkit. The firm, which […] The post Nonco Expands Institutional Collateral Toolkit from Tokenized Money Market Funds to Secured Sovereign Debt appeared first on Tekedia.
Tekedia -
ECOWAS Orders Fresh Push to Fast-Track ECO Single Currency Ahead of 2027 Launch
The Economic Community of West African States has ordered an urgent meeting of its Presidents’ Task Force to accelerate preparations for the ECO, as the regional bloc seeks to keep its planned single-currency launch on track for July 1, 2027. The directive followed the 14th Session of the ECOWAS Convergence Council, held by videoconference on […] The post ECOWAS Orders Fresh Push to Fast-Track ECO Single Currency Ahead of 2027 Launch appeared first on Tekedia.
Tekedia -
Musk Predicts AI and Robotics Could More Than Double Global Economy in Less Than a Decade
Elon Musk has raised the stakes on one of the decade’s boldest economic forecasts, predicting that the rapid advancement of artificial intelligence and robotics could more than double the global economy within the next decade. The Tesla and SpaceX CEO believes increasingly capable AI systems and humanoid robots could reshape how goods and services are […] The post Musk Predicts AI and Robotics Could More Than Double Global Economy in Less Than a Decade appeared first on Tekedia.
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Dangote Refinery Shows Nigeria Has Capital—The Challenge Is Turning Savers Into Owners
Nigeria’s capital market tells a striking story about who finances the country’s growth—and who gets to own a piece of it. Fewer than 600,000 Nigerians hold accounts capable of trading on the stock exchange. In a country of more than 200 million people and with over 100 million bank accounts, that number is remarkably small. […] The post Dangote Refinery Shows Nigeria Has Capital—The Challenge Is Turning Savers Into Owners appeared first on Tekedia.
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Tether’s Role in Iran’s Crypto Strategy Comes Under Scrutiny
The United States is widening its campaign against Iran’s use of cryptocurrencies, bringing Bitcoin and dollar-backed stablecoins such as USDT further into the center of the sanctions battle. The move highlights a growing tension in digital finance: cryptocurrencies can provide countries and individuals with alternatives to traditional banking networks, but the infrastructure behind many major […] The post Tether’s Role in Iran’s Crypto Strategy Comes Under Scrutiny appeared first on Tekedia.
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Abraxas Capital’s Massive ETH Position Highlights Growing Crypto Market Hedging
Abraxas Capital is drawing attention in the Ethereum market after reportedly purchasing another 13,000 ETH, worth approximately $32.39 million, as part of a strategy designed to hedge its enormous short position on Hyperliquid. According to blockchain analytics platform Lookonchain, the investment comes alongside a short position of roughly 141,180 ETH, valued at about $353.27 million. […] The post Abraxas Capital’s Massive ETH Position Highlights Growing Crypto Market Hedging appeared first on Tekedia.
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Why the Magnificent Seven Are No Longer One AI Trade
The idea of buying the “Magnificent Seven” as a single artificial intelligence trade is becoming increasingly difficult to justify, according to Plexo Capital founder Lo Toney. While the seven technology giants are often grouped together as the primary beneficiaries of the AI boom, their business models, exposure to AI infrastructure and ability to generate returns […] The post Why the Magnificent Seven Are No Longer One AI Trade appeared first on Tekedia.
Tekedia -
China Gold Reserves and the Global Shift Away From Dollar-Dominated Assets
China’s central bank has continued its steady accumulation of gold, purchasing another 20 tons in August and matching its largest monthly addition since 2023. The move reinforces a broader trend among central banks seeking to strengthen their reserves with an asset that carries no direct exposure to another country’s monetary policy or financial system. The […] The post China Gold Reserves and the Global Shift Away From Dollar-Dominated Assets appeared first on Tekedia.
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Rising Freight Costs Threaten Small Businesses in Developing Economies
The Strait of Hormuz is more than a narrow maritime passage connecting the Persian Gulf with the wider world. It is a critical artery of global trade, carrying enormous volumes of oil, gas and other commodities. Any prolonged disruption along the route can therefore send shockwaves through international markets. But according to the United Nations […] The post Rising Freight Costs Threaten Small Businesses in Developing Economies appeared first on Tekedia.
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Deloitte to Invest Additional $80 Million in Egypt Innovation Hub
Tech In Africa -
Grindstone Ventures Launches $31.2 Million Fund for African Tech Startups
South Africa’s Grindstone Ventures has launched a R500 million, approximately $31.2 million, venture capital fund targeting technology-driven African companies seeking to move from Seed funding to Series A. Led by Grindstone Ventures CEO Thandiwe Maqetuka, the fund was established in partnership with Knife Capital and Thinkroom. It is targeting an initial close of R150 million […] The post Grindstone Ventures Launches $31.2 Million Fund for African Tech Startups appeared first on Tech In Africa.
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Injini Launches $125,000 AI Education Programme for Southern African Startups
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Adani Airport Raises $1 Billion as Global Investors Bet on $18 Billion Valuation, Shares Rise 5%
Shares of Adani Enterprises rose nearly 5% on Wednesday after its airport subsidiary agreed to raise about 98.25 billion rupees ($1 billion) from a group of global and domestic investors, providing fresh capital for one of the conglomerate’s largest infrastructure businesses. Adani Airport Holdings has entered into a binding agreement with funds managed by Alpha […] The post Adani Airport Raises $1 Billion as Global Investors Bet on $18 Billion Valuation, Shares Rise 5% appeared first on Tekedia.
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OpenAI Pushes Into Industry-Specific AI, Offers AI For Chip Design, Touts Cost Advantage Over Open-Source, CFO Says
OpenAI is moving beyond general-purpose chatbots and into specialized business applications while cutting prices on lower-cost models, as the ChatGPT maker seeks to accelerate enterprise adoption and defend its position against Anthropic, Chinese AI developers and open-weight competitors. Chief Financial Officer Sarah Friar said Monday that OpenAI is developing applications for industries including chip design, […] The post OpenAI Pushes Into Industry-Specific AI, Offers AI For Chip Design, Touts Cost Advantage Over Open-Source, CFO Says appeared first on Tekedia.
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Anthropic Uncovers Fourth AI Hacking Incident After Review Missed January Breach
Anthropic has disclosed another incident in which an artificial intelligence model hacked external systems during testing, revealing that the company failed to detect the January episode even after conducting a large-scale review of its models’ behavior. The incident involved an early version of Claude Opus 4.6 and went undetected until last month, Anthropic said Wednesday. […] The post Anthropic Uncovers Fourth AI Hacking Incident After Review Missed January Breach appeared first on Tekedia.
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Anthropic Researcher Says AI Has More Than 10% Chance of Killing All Humans As Colleague Quits Over the Dangers
An Anthropic alignment researcher said there is a greater than 10% chance that artificial intelligence could “kill all humans” within the next decade, highlighting growing concerns inside the AI industry over whether more capable systems can remain under human control. Evan Hubinger, an alignment science lead at Anthropic, made the assessment on Tuesday after Jacob […] The post Anthropic Researcher Says AI Has More Than 10% Chance of Killing All Humans As Colleague Quits Over the Dangers appeared first on Tekedia.
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DeepSeek taps CITIC Securities for potential Shanghai IPO as AI funding race intensifies
Chinese artificial intelligence startup DeepSeek has hired CITIC Securities to prepare for a potential initial public offering on Shanghai’s technology-focused STAR Market, as the AI developer seeks fresh capital to expand computing infrastructure and retain talent, two people familiar with the matter have told Reuters. The Hangzhou-based startup aims to begin the IPO process this […] The post DeepSeek taps CITIC Securities for potential Shanghai IPO as AI funding race intensifies appeared first on Tekedia.
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Apple’s New CEO Inherits a $4.6 Trillion Challenge
The change in leadership at Apple marks the end of one of the most successful eras in the history of the US technology industry. During Tim Cook’s tenure as CEO, the company’s stock price increased by more than 2,275%, and, taking dividends into account, the total return for investors reached 2,736%. Apple’s market capitalization grew […] The post Apple’s New CEO Inherits a $4.6 Trillion Challenge appeared first on Tekedia.
Tekedia -
Which iPhone is worth your money now that the old ones cost more
Which iPhone is worth your money now that the old ones cost more Buying guide. Based on Apple’s current US pricing and published specifications as of September 10, 2026, not on… TechCity
Tech City NG -
After 3,000 catfish died overnight, she turned to AI to protect her mother’s farm
TechCabal -
Baseten Acquires Tekedia Capital Portfolio Company, Blaxel
Tekedia Capital is delighted to announce that Baseten has acquired our portfolio company, Blaxel, creating another significant windfall for the Tekedia Capital community. Blaxel was built from first principles. Secure sandboxes designed for agents, not retrofitted for them. True isolation for code execution, tool use, and MCP servers. State that persists across long-running sessions. Joining […] The post Baseten Acquires Tekedia Capital Portfolio Company, Blaxel appeared first on Tekedia.
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Gemini Gains MAS Approval for Spot Trading, Custody and OTC Services
Gemini’s acquisition of a Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore (MAS) marks another significant step in the evolution of regulated cryptocurrency markets. The approval strengthens Gemini’s ability to operate within one of Asia’s most important financial centers while expanding access to spot cryptocurrency trading, custody services and over-the-counter (OTC) transactions. […] The post Gemini Gains MAS Approval for Spot Trading, Custody and OTC Services appeared first on Tekedia.
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Jack Dorsey’s Block Seeks National Trust Bank Charter for Bitcoin and Stablecoins
Jack Dorsey’s Block is taking another major step toward integrating cryptocurrency into the traditional financial system by applying for a national trust bank charter in the United States. The company has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, an uninsured national trust bank […] The post Jack Dorsey’s Block Seeks National Trust Bank Charter for Bitcoin and Stablecoins appeared first on Tekedia.
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AI Infrastructure Spending Could Reach $31 Trillion as Safety Warnings Rise
Artificial intelligence is entering an era of unprecedented investment. According to new research from PwC, spending on AI infrastructure could exceed $31 trillion through 2050, reflecting expectations that artificial intelligence will become a foundational layer of the global economy. Data centers, advanced semiconductors, energy infrastructure and cloud computing capacity are being built at extraordinary speed. […] The post AI Infrastructure Spending Could Reach $31 Trillion as Safety Warnings Rise appeared first on Tekedia.
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How PressOne turned fast customer growth into a profitable cloud-telephony business
TechCabal -
iPhone 18 Pro: Price, release date, specs and features
TechCabal -
South Africa is rebuilding the machinery behind its payments system
TechCabal -
Active Listening Builds Emotional Safety
When people hear the phrase active listening, they often picture a communication trick, something you do to keep a conversation calm or avoid an argument. That is part of it, but it misses the deeper point. Active listening is really about creating conditions where another person feels safe enough to be real. In many relationships, […] The post Active Listening Builds Emotional Safety appeared first on Tekedia.
Tekedia -
Are we raising kids who can’t think without an AI prompt?
TechCabal -
MTN is an open university for standard and growth, says SO&U boss
By Annette Ikponmwonba | September 10, 2026 Keypoints • Corporate leaders and industry experts gathered at the Nigeria-South Africa Chamber of Commerce August Breakfast Forum in Lagos. • SO&U Group Managing Director Udeme Ufot described major corporate clients such as MTN Nigeria as an “open university for standard and growth.” • Ufot said MTN has […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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Understanding Industry 4.0 Beyond Automation: A Manufacturer’s IT Guide
What Industry 4.0 Means for Modern Manufacturers The importance of Industry 4.0 for manufacturing cannot be underestimated, as it fully digitalizes factories and integrates their processes into a single intelligent system. Industry 4.0 is the integration of digital technologies into manufacturing operations. It’s crucial to understand that it goes beyond robotics to include data connectivity, […] The post Understanding Industry 4.0 Beyond Automation: A Manufacturer’s IT Guide appeared first on Tekedia.
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X shuts down creator revenue sharing, replaces it with original content rewards
By Boluwatife Oshadiya│ September 10, 2026 KEY POINTS MAIN STORY X has officially ended its Creator Revenue Sharing program and replaced it with a stricter, originality-focused monetisation model called Original Content Rewards — a move that reshapes how hundreds of thousands of creators on the platform earn money, and signals a broader industry shift away […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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The iPhone Duo is real, and the cheapest new iPhone this fall costs $1,199
Tech City NG -
👨🏿‍🚀TechCabal Daily – MTN scores a century
TechCabal -
iPhone Duo: Price, release date, specs, and features
TechCabal -
Can PAPSS overcome regulatory hurdles to transform intra-African payments?
TechCabal -