Naija News Feed
Technology
Why Home Sellers Are Pulling Listings at COVID-Era Levels Amid Rate Pressure and Affordability Crisis
The recent wave of US home sellers pulling properties off the market at levels not seen since the COVID-19 era signals a decisive shift in housing market dynamics. What was once a seller-favored environment has evolved into a standoff between expectations shaped by prior price peaks and a demand side constrained by elevated borrowing costs. […] The post Why Home Sellers Are Pulling Listings at COVID-Era Levels Amid Rate Pressure and Affordability Crisis appeared first on Tekedia.
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Broadcom Drops 16% in a Single Day, Erasing $350 Billion in Market Value
The technology sector experienced a dramatic shock as shares of Broadcom plunged 16% in a single trading session, wiping out approximately $350 billion in market capitalization. The sharp decline stunned investors and analysts alike, marking one of the largest single-day value destructions ever recorded by a major technology company. The selloff highlights how quickly market […] The post Broadcom Drops 16% in a Single Day, Erasing $350 Billion in Market Value appeared first on Tekedia.
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Bitmine’s Unrealized Ethereum Losses Surge to $8.8 Billion as Company Pursues High-Yield Preferred Stock Offering
Bitmine has found itself at the center of market attention after reports revealed that the company’s unrealized losses on its Ethereum holdings have expanded to an astonishing $8.8 billion. At the same time, the firm has filed for a preferred stock offering designed to provide investors with a 9.5% annual percentage yield (APY), a move […] The post Bitmine’s Unrealized Ethereum Losses Surge to $8.8 Billion as Company Pursues High-Yield Preferred Stock Offering appeared first on Tekedia.
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Anthropic Picks Goldman Sachs and Morgan Stanley to Lead IPO
The selection of underwriters for a public offering is often a signal event in the lifecycle of a high-growth private company, and the reported decision by Anthropic to appoint Goldman Sachs and Morgan Stanley as lead IPO advisors places the artificial intelligence firm squarely within the most elite tier of capital markets preparation. An initial […] The post Anthropic Picks Goldman Sachs and Morgan Stanley to Lead IPO appeared first on Tekedia.
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SpaceX’s Sky-High Valuation and Uber’s Workforce Cuts Reflect Diverging Challenges in Tech
The technology sector continues to demonstrate both extraordinary ambition and difficult realities. Two recent developments highlight this contrast: SpaceX is reportedly targeting a staggering valuation of $1.765 trillion, while Uber has joined a growing list of major technology companies reducing its workforce. SpaceX, the private aerospace company founded by Elon Musk, has become one of […] The post SpaceX’s Sky-High Valuation and Uber’s Workforce Cuts Reflect Diverging Challenges in Tech appeared first on Tekedia.
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Why Prediction Markets and On-Chain Data Signal Rising Downside Risk
Bitcoin has long been known for its dramatic price swings, but recent developments in prediction markets suggest that investors are increasingly preparing for a significant downside move. Across major forecasting platforms, traders are placing bets that Bitcoin could fall below the $60,000 mark in the coming months. While prediction markets are not always correct, the […] The post Why Prediction Markets and On-Chain Data Signal Rising Downside Risk appeared first on Tekedia.
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Nasdaq Futures Slide as Strategy Faces Historic Unrealized Losses
Financial markets entered the week under renewed pressure as Nasdaq futures fell more than 1%, reflecting growing investor concerns about technology stocks, rising volatility, and weakness across several high-profile growth companies. Among the biggest stories drawing attention from traders is the sharp decline in shares of Strategy, formerly known as MicroStrategy, as its latest preferred […] The post Nasdaq Futures Slide as Strategy Faces Historic Unrealized Losses appeared first on Tekedia.
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Tekedia Capital Invests in OpenSec, AI Spec Framework Startup
Tekedia Capital is excited to announce our investment in OpenSpec, one of the leading open-source specification frameworks for AI agents. OpenSpec helps teams capture what they are building, why they are building it, and how it should work before a coding agent writes a single line of code. In a rapidly growing ecosystem of AI-native […] The post Tekedia Capital Invests in OpenSec, AI Spec Framework Startup appeared first on Tekedia.
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Roche Chairman Severin Schwan Blasts U.S. Tariff Tactics as “Cold-Blooded Blackmail,”
Severin Schwan, chairman of Swiss pharmaceutical powerhouse Roche, delivered a rare and sharply critical assessment of U.S. trade policy on Thursday, describing Washington’s use of tariff threats to force drug price reductions as “cold-blooded blackmail.” His comments shed light on the intense pressure major international drugmakers face amid the Trump administration’s aggressive push to reshape […] The post Roche Chairman Severin Schwan Blasts U.S. Tariff Tactics as “Cold-Blooded Blackmail,” appeared first on Tekedia.
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Poke Becomes First AI Agent Approved for Apple’s Messages for Business Platform
Poke, a startup that simplifies interaction with powerful AI agents to the simplicity of sending a text message, has secured approval to operate on Apple’s Messages for Business platform. This marks the first time a standalone third-party AI agent has been integrated into the service, previously reserved for businesses such as airlines, retailers, and hotel […] The post Poke Becomes First AI Agent Approved for Apple’s Messages for Business Platform appeared first on Tekedia.
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NEC XON Detects and Stops Ransomware Attack with Cortex XDR
Ransomware attacks rarely begin with chaos. More often, they start quietly – with probing, mapping, and patient reconnaissance inside a target’s network. That was the situation facing a global recruitment firm when cybercriminals attempted to navigate through the company’s systems. What followed became a real-world demonstration of how modern AI-driven cybersecurity, combined with skilled human […]
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Foxconn and Intel Forge AI Infrastructure Alliance, to Build Next-Gen AI Systems
Taiwanese manufacturing giant Foxconn is deepening its push into artificial intelligence infrastructure through a new partnership with Intel, a move that highlights how the AI boom is reshaping the competitive landscape of the semiconductor and data center industries. Foxconn, formally known as Hon Hai Precision Industry, announced Thursday that it will collaborate with Intel to […] The post Foxconn and Intel Forge AI Infrastructure Alliance, to Build Next-Gen AI Systems appeared first on Tekedia.
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Meta Launches Business AI Agent with Agentic Capabilities, Signaling Deeper Push into Enterprise Market
Meta Platforms on Wednesday introduced a new artificial intelligence agent designed to handle day-to-day business operations, marking a significant step in the social media giant’s effort to expand beyond consumer apps into enterprise AI tools. Unveiled at the company’s WhatsApp-focused Conversations conference in London, the Business Agent adds “agentic” functionality — the ability to autonomously […] The post Meta Launches Business AI Agent with Agentic Capabilities, Signaling Deeper Push into Enterprise Market appeared first on Tekedia.
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Sunshine Silver Raises $270 Million in IPO as Mining Firms Join 2026 Listing Boom
The resurgence of the U.S. initial public offering market is spreading well beyond artificial intelligence and technology, drawing mining companies back to public markets as investors hunt for exposure to commodities tied to industrial demand, energy security, and precious metals. Sunshine Silver Mining & Refining Company priced its long-awaited U.S. IPO on Wednesday, raising $270 […] The post Sunshine Silver Raises $270 Million in IPO as Mining Firms Join 2026 Listing Boom appeared first on Tekedia.
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Dell Unveils PowerStore Elite to Drive the Next Era of Storage Modernisation
Dell Technologies has launched Dell PowerStore Elite, a next-generation storage platform designed to help enterprises modernise infrastructure, improve performance, and simplify operations in an increasingly data-driven world. Built to support block, file, virtual machine, and container workloads, PowerStore Elite combines advanced software innovations with refreshed hardware architecture. The platform enables customers to upgrade storage environments […]
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Healthcare systems cannot fund what they cannot measure
Every day, healthcare funders make decisions based on data. They know how many patients were admitted to the hospital. They know how many procedures were performed. They know how many days a hospital bed was occupied. These activities are measured, reported, reimbursed and built into healthcare budgets. What they often cannot see is the hospital […]
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Fortune 500 solar manufacturer enters SA market
SOLARWORLD Africa and IBC SOLAR South Africa (Pty) Ltd, this week announced a significant new partnership that will bring Tongwei’s premium photovoltaic (PV) modules to the South African market. As the first preferred distributors in the country to announce the partnership with the Chinese solar giant, SOLARWORLD and IBC are cementing their position at the […]
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Eric Asuma on childhood, ambition, and refusing to sell Kenyan Wall Street
There is a type of entrepreneurs who start a company because they have seen a gap in the market. Then there is the kind who starts one because they are trying to make sense of the world around them. When I met Eric Asuma, founder of The Kenyan Wall Street, he struck me as belonging to the second group.
TechCabal -
How to Vet an Alternative Asset Manager in 2026
Alternative assets represent an $18 trillion global market, and vetting an alternative asset manager to take care of your stake in it requires looking beyond basic historical performance. In a volatile macro environment, institutional allocators and family offices face a landscape where traditional strategy boundaries are blurring and operational risks are compounding. True due diligence […] The post How to Vet an Alternative Asset Manager in 2026 appeared first on Tekedia.
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Anywhere is the new everywhere: Connectivity doesn’t need limits in South Africa
South African organisations have learned to treat unreliable infrastructure as a fixed parameter, particularly when it comes to connectivity. As a result, many businesses have had to site operations where fibre or reliable wireless already exists, because last-mile build-out to remote mines, farms, or border areas is often slow, high-risk, and vulnerable to theft or […]
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Nigeria licenced 46 telecom challengers to rival MTN and Airtel. Few have taken off.
More than 40 MVNOs were licenced to disrupt Nigeria’s telecom market, but the sector remains far from delivering on its promise of greater competition.
TechCabal -
U.S. Postal Service Avoids Near-Term Cash Crisis, But Structural Deficit and Delivery Mandate Keep Long-Term Risks Intact
The U.S. Postal Regulatory Commission has told lawmakers that the U.S. Postal Service (USPS) is unlikely to run out of cash next year, easing immediate concerns about a liquidity crisis, but warned that the agency remains under severe structural strain that cannot be resolved without deeper reforms. Robert Taub, vice chair of the regulator, said […] The post U.S. Postal Service Avoids Near-Term Cash Crisis, But Structural Deficit and Delivery Mandate Keep Long-Term Risks Intact appeared first on Tekedia.
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Anthropic’s IPO Move Underscores AI Arms Race As Capital Needs Surge Toward Trillion-Dollar Scale
Artificial intelligence startup Anthropic has taken a major step toward becoming a publicly traded company as the race to build ever more powerful AI models is rapidly evolving into one of the most capital-intensive battles in technology history. Just days after announcing a $65 billion fundraising round that valued the company at approximately $965 billion, […] The post Anthropic’s IPO Move Underscores AI Arms Race As Capital Needs Surge Toward Trillion-Dollar Scale appeared first on Tekedia.
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Dangote Refinery Surpasses Design Capacity, Hits 700,000bpd
Nigeria’s push to become a major global refining powerhouse received a significant boost after Dangote Petroleum Refinery & Petrochemicals announced that it has increased crude oil processing capacity to 700,000 barrels per day, exceeding its original nameplate capacity of 650,000 barrels per day. The milestone, confirmed following a successful performance test conducted by the refinery’s […] The post Dangote Refinery Surpasses Design Capacity, Hits 700,000bpd appeared first on Tekedia.
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Nigeria’s Daya taps Aptos to power Africa-Middle East stablecoin payments
By integrating with fintechs and payment providers that already serve businesses and consumers, networks such as Aptos gain access to real-world payment flows that can drive transaction volume, deepen liquidity, and strengthen network adoption. 
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Quick Fire 🔥 with Somtochi Onyekwere
Quick Fire interview with software engineer at Fly.io, as she walks through through what her job looks like and why she built a community.
TechCabal -
The First Lecture and the Mission of Firms
In my first year at Federal University of Technology Owerri (FUTO), our Logic and Philosophy lecturer, Rev Fr Ashiegbu, took us on a remarkable intellectual journey through the minds of the ancient Greek philosophers. We encountered Thales, who argued that all things originate from water. We studied Heraclitus, who maintained that all is fire and […] The post The First Lecture and the Mission of Firms appeared first on Tekedia.
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Safaricom’s $6 fibre plan targets market dominated by estate internet providers
The move pits Safaricom against operators like Vilcom, Ahadi Wireless and Poa! Internet that have built businesses serving price-sensitive households.
TechCabal -
Google’s new AI subscription plans explained: Which one should you pay for?
Google’s AI subscription lineup went through its biggest overhaul yet at Google I/O 2026 in May. What was once a single AI Premium tier has expanded into four plans: a free tier, Google AI Plus, Google AI Pro, and now two versions of Google AI Ultra — one at $100/month and one at $200/month. The […]
TechCabal -
👨🏿‍🚀TechCabal Daily – Yadea joins Kenya’s e-bike race
In today's edition: Quick Fire 🔥 with Somtochi Onyekwere || Yadea expands to Kenya || Interswitch partners Temenos || Who secured the bag? 💰
TechCabal -
Grey Business processes $61 million as stablecoins dominate payments
Grey Business enables startups and SMEs to open US Dollar (USD) corporate accounts, send and receive international payments, convert currencies, and transact using stablecoins such as USDC and USDT.
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Flutterwave targets multi-rail stablecoin payments with Tempo partnership
Flutterwave's move also reflects a broader shift among fintechs from consumer-focused crypto products toward enterprise payment infrastructure.
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XLM Targets $0.55, ADA Drops 10%, But Traders Are Flocking to BlockDAG’s $0.001 Buyback for Explosive Gains
The crypto market is showing two very opposite stories right now. Stellar just got a massive nod from a huge financial institution, while Cardano is facing a tough governance problem that caused its price to drop by another 10% in just one day. While other networks deal with big changes or structural issues, BlockDAG is […] The post XLM Targets $0.55, ADA Drops 10%, But Traders Are Flocking to BlockDAG’s $0.001 Buyback for Explosive Gains appeared first on Tekedia.
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Meta’s AI Ambitions Face Scrutiny as Muse Spark Delays Persist
Meta is accelerating its push into enterprise artificial intelligence even as questions linger over delays to one of its most closely watched AI products, highlighting the challenges facing the social media giant as it attempts to catch up with rivals in the rapidly evolving AI race. The company is reportedly facing setbacks in releasing the […] The post Meta’s AI Ambitions Face Scrutiny as Muse Spark Delays Persist appeared first on Tekedia.
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Fidelity Says It Will Lower Eligibility Requirement To Make SpaceX Stock Available To More Retail Investors
As anticipation builds around what could become the largest public offering in history, SpaceX is taking an unusually aggressive step to bring ordinary investors into a process that has traditionally been dominated by institutions and wealthy clients. The Elon Musk-led rocket and satellite company is allocating a significantly larger portion of its initial public offering […] The post Fidelity Says It Will Lower Eligibility Requirement To Make SpaceX Stock Available To More Retail Investors appeared first on Tekedia.
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AI Power Rush Propels Innio’s $2.43bn IPO as Data Center Boom Reshapes Global Energy Markets
Gas engine manufacturer Innio has raised $2.43 billion in one of the year’s largest industrial and energy-related U.S. public offerings, underscoring how the artificial intelligence boom is creating winners far beyond the semiconductor industry. The Munich-based company priced its Nasdaq listing at $27 per share, the top end of its marketed range, reflecting strong investor […] The post AI Power Rush Propels Innio’s $2.43bn IPO as Data Center Boom Reshapes Global Energy Markets appeared first on Tekedia.
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