The recent exploit involving THORChain has once again exposed the persistent vulnerabilities that continue to haunt the decentralized finance ecosystem. According to reports circulating across the crypto industry, attackers drained approximately $10 million worth of digital assets from the protocol, including 36.75 Bitcoin valued at roughly $3 million, alongside nearly $7 million in assets originating […] The post THORChain Drained Approximately $10M in Crypto Assets Theft appeared first on Tekedia.

Chair of the Commodity Futures Trading Commission (CFTC) Mike Selig has hailed the Senate Banking Committee’s advancement of the Digital Asset Market Clarity Act of 2025 (CLARITY Act) as a major step toward making the United States the “crypto capital of the world.” “America will remain the global hub for crypto innovation for years to […] The post CFTC Chair Mike Selig Says CLARITY Act Could Position U.S. as Global Crypto Capital appeared first on Tekedia.

Bitcoin briefly surged above $82,000 on Thursday, reaching an intraday high of about $82,005 before easing slightly, as improving regulatory sentiment in Washington lifted the broader crypto market. The leading cryptocurrency gained roughly 2.5% on the day, extending a rebound that followed a brief dip below $79,000 earlier in the week. The rally coincided with […] The post Bitcoin Surges Past $82K as U.S. Crypto Regulation Progress Sparks Market Optimism appeared first on Tekedia.

Nigeria sharply reduced its dependence on imported crude oil for domestic refining in April 2026, marking another major shift in the country’s downstream petroleum market as rising local refinery output, led by Dangote Refinery, increasingly reshapes fuel supply dynamics. New data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, or NMDPRA, showed that […] The post Nigeria Cuts Crude Import Dependence as Dangote Refinery Nears Full Capacity Under Naira-for-Crude Push appeared first on Tekedia.

The global rail industry is entering a new phase of consolidation and technological modernization, and Siemens’ decision to expand its rail portfolio through acquisitions involving MERMEC represents a major strategic development in the transportation sector. The move highlights how industrial giants are positioning themselves for a future shaped by smart mobility, digital rail systems, and […] The post Global Rail Industry Entering a New Phase of Technological Modernization Through Siemens-MERMEC Acquisitions appeared first on Tekedia.

The UK government is preparing to significantly ramp up issuance of short-term Treasury bills (T-bills) as it battles to contain rapidly rising borrowing costs, but analysts at Goldman Sachs caution that the strategy offers only modest savings and comes with meaningful trade-offs in funding volatility. The Debt Management Office (DMO) has recently signaled a clear […] The post UK Turns to Short-Term T-Bills to Curb Soaring Borrowing Costs, But Goldman Sachs Warns of Limited Relief and Higher Risks appeared first on Tekedia.

Microsoft is intensifying its search for artificial-intelligence startups as the technology giant moves to reduce its dependence on longtime partner OpenAI and position itself to compete more directly at the frontier of advanced AI model development, Reuters reports, citing people familiar with the matter. The acquisition discussions reveal a major shift inside Microsoft, which for […] The post Microsoft Reportedly Hunts for AI Startups as It Prepares for a Future Beyond OpenAI appeared first on Tekedia.

Cisco is cutting nearly 4,000 jobs and redirecting investment toward artificial intelligence infrastructure, signaling how the AI spending boom is rapidly transforming priorities across the global technology industry, far beyond semiconductor makers alone. The networking giant said Wednesday the restructuring is designed to accelerate investment into high-growth areas tied to AI, including silicon, optics, cybersecurity, […] The post Cisco cuts nearly 4,000 jobs as AI boom reshapes spending priorities and fuels hyperscaler surge appeared first on Tekedia.

Aliko Dangote has revealed that his refinery business deliberately blocked the Nigerian National Petroleum Company Limited (NNPCL) from increasing its stake in the $20 billion Dangote Petroleum Refinery to make room for broader investor participation ahead of planned public listings across Africa. Speaking during an interview with Nicolai Tangen, the head of the Norwegian Sovereign […] The post Dangote Explains Why NNPC’s Bid For 20% Refinery Stake Failed appeared first on Tekedia.

Digital Skills Hiring in 2026 Everyone online seems to be selling a new “high-income skill.” One week it is AI prompting. The next… TechCity

Cerebras Systems delivered one of the most explosive technology market debuts in years on Thursday, surging in its Nasdaq opening after raising $5.55 billion in a blockbuster initial public offering. Shares of the Silicon Valley-based AI chipmaker opened at $350 after pricing at $185 late Wednesday, giving the company a valuation exceeding $100 billion within […] The post Cerebras Opens at $350, Surges Past $100bn in Blockbuster IPO as Wall Street Bets on an AI Chip Challenger to Nvidia appeared first on Tekedia.

Tekedia Institute is delighted to congratulate Dr. Julius Omodayo-Owotuga on his appointment as Executive Director of First Bank Nigeria, effective May 13, 2026. Good People, one of Nigeria’s finest professionals has ascended to yet another important leadership position, and from all of us at Tekedia, we celebrate JB Omodayo-Owotuga, FCA, CFA, DBA on this remarkable […] The post When Leadership Meets Impact: Celebrating JB Omodayo-Owotuga’s New Chapter at First Bank appeared first on Tekedia.

Guaranty Trust Holding Company Chief Executive Officer Segun Agbaje says the banking group is no longer worried about the competitive threat posed by fintech companies, explaining that the rapid growth of its digital payments subsidiary, HabariPay, has positioned the group to compete aggressively in Nigeria’s evolving financial technology market. Speaking during an interview with NairaMetric’s […] The post GTCO CEO, Agbaje, Says Group No Longer Sees Fintech As Threat As Habaripay Emerges Into Major Profit Engine appeared first on Tekedia.

The announcement that Porsche SE, the holding company that controls major stakes in both Volkswagen and Porsche AG, posted a loss of nearly €1 billion has intensified concerns about the future of Germany’s automotive industry. Once regarded as the global benchmark for engineering precision, efficiency, and profitability, the German car sector is now navigating one […] The post Porsche SE’s Nearly €1 Billion Loss Represents more than a Disappointing Earnings Report appeared first on Tekedia.

President Donald Trump and Chinese President Xi Jinping concluded their summit in Beijing on Thursday with an agreement to guide bilateral ties under a new framework of “strategic stability,” offering a pragmatic pause in years of intense friction over trade, technology, security, and human rights. The meeting, characterized by cordial gestures and attended by top […] The post Trump and Xi Agree on “Strategic Stability” Framework as U.S.-China Relations Enter Managed Competition Phase appeared first on Tekedia.

Any major software update comes with a settling-in period, and One UI 8.5 is no different.

Aviator is a popular crash game where players place bets before a virtual plane takes off and try to cash out before it flies away. The best part is that you can place up to two bets at the same time during one round! This means you can use two separate betting buttons with different […] The post The “Two Bets” Strategy for Nigerian Players: Minimizing Risk appeared first on Tekedia.

After months of sustained optimism surrounding digital asset investment products, Bitcoin ETFs recorded approximately $630 million in net outflows in a single day, marking the largest daily withdrawal since January. The event sent ripples across both crypto and traditional financial markets, reigniting debates about investor sentiment, market positioning, and the evolving relationship between institutional capital […] The post $630M Bitcoin ETF Outflow Highlights both Maturity and Fragility of the Crypto Market appeared first on Tekedia.

The history of every transformative technology follows a recognizable pattern. First comes skepticism, then experimentation, followed by infrastructure development, mainstream integration, and eventually mass adoption. Cryptocurrency is no different. What began as a niche movement centered around Bitcoin has evolved into a global financial phenomenon attracting banks, asset managers, governments, payment providers, and multinational corporations. […] The post The 5 Transformative Stages of Cryptocurrencies appeared first on Tekedia.

When we spoke, Thuo reflected on leaving Boeing, why Africa’s logistics startups keep failing, the cultural acceptance of inefficiency, and why verification, not payments, is the real bottleneck holding back African trade.

The tokenization stack is rapidly becoming one of the most important layers of modern financial infrastructure. Much like the internet stack transformed communication by organizing protocols into layers, tokenization is creating a structured framework for digitizing ownership, transferring value, and automating financial interactions on blockchain networks. What began as an experimental concept tied to cryptocurrencies […] The post The Blockchain Tokenization Stack appeared first on Tekedia.

China’s largest technology companies are signaling a major acceleration in domestic semiconductor deployment, indicating that the country’s artificial intelligence ambitions are increasingly being built around homegrown chips even as reports emerge that Nvidia could regain limited access to the Chinese market. Fresh comments from executives at Tencent and Alibaba show that Beijing’s drive for technological […] The post China Accelerates Domestic AI Chip Push Despite Nvidia’s Possible Return To Its Market appeared first on Tekedia.

Young People, the best time to audition for a job is when there is no opening. And the best time for an entrepreneur to raise money in Nigeria is when he or she is not actively fundraising. Why? Because by the time opportunities formally arrive, many of the real decisions may have already been made. […] The post ITT Capital: Why Investors Fund People Before They Fund Companies appeared first on Tekedia.

The meeting between the United States and China over economic cooperation and the ongoing Iranian conflict reflects the complex reality of modern geopolitics. In an era defined by economic interdependence, military tensions, and shifting alliances, the world’s two largest economies are increasingly forced to cooperate even while competing on multiple fronts. Their discussions regarding trade, […] The post China and United States Talks Demonstrate the Delicate Balance Shaping International Relations appeared first on Tekedia.

Cryptocurrency trading has changed a lot in the past few years. It now draws in both beginners and people who invest for a living. The places to trade digital coins keep getting bigger, but there are still problems. Many traders find it hard to use the websites. They feel lost when market data is not […] The post How BTCC Exchange Simplifies Crypto Trading for New and Experienced Investors appeared first on Tekedia.

Table of contents How Samsung’s update system works The three phones that lost support Quick specs comparison What losing software support means for your phone Samsung phones still receiving updates (May 2026) How to check for updates on your Samsung phone In May 2026, Samsung removed three Galaxy smartphones from its software update eligibility chart. […]

Six years after launch, OliliFood has processed over 120,000 orders and generated ₦2 billion ($1.5 million) in gross merchandise value (GMV) across Asaba and Warri, according to Nweze. 

Africa Global Logistics (AGL) and REasy have partnered to launch a groupage shipping service for small businesses importing goods from China.

In today's edition: Quick Fire 🔥 with Babatunde Onadipe || Jumia to cut jobs || Kenya’s 16% VAT now applies to EVs || Who secured the bag? 💰️

Meet Babatunde Onadipe, a cybersecurity professional at the Bank of Canada, and co-founder and CTO of WakaMi, a platform where people can outsource errands.

Recently, Tokenisation is rapidly emerging as a foundational design principle for next-generation financial and industrial infrastructure, particularly in energy systems and carbon markets. By representing real-world assets as digital tokens on distributed ledgers, tokenisation enables fractional ownership, programmable settlement, and continuous price discovery across traditionally illiquid or fragmented markets. In the context of energy and […] The post Tokenisation and the Future Infrastructure of Energy and Carbon Markets appeared first on Tekedia.

For years, the Cryptocurrency industry was defined by speculation. Market cycles revolved around memecoins, hype-driven token launches, and rapid price appreciation that often had little connection to real-world utility. Entire narratives were built around short-term trading opportunities rather than long-term economic transformation. But beneath the noise of volatility and speculation, a deeper transition has quietly […] The post The Infrastructure Era of Crypto Has Already Started appeared first on Tekedia.

One of the world's most food-insecure nations because of frequent drought, conflict and poverty, Somalia last experienced famine in 2011, when around 250,000 people died, ​and came close in 2017 and 2022.

The ascent of big technology companies reached another historic milestone this week as Alphabet Inc., traded under the ticker GOOGL, closed at a new all-time high above $400 per share, while NVIDIA Corporation became the first company in history to surpass a staggering $5.5 trillion market capitalization. For Google, the surge past $400 per share […] The post Google’s Alphabet Hit ATH above $400 As Nvidia Reached $5.5T Market Capitalization appeared first on Tekedia.

The rapid evolution of artificial intelligence is no longer limited to research labs or experimental applications. It is now reshaping productivity, finance, software development, and even personal wealth recovery. This transformation became especially evident as Anthropic announced major upgrades to its Claude AI ecosystem, including increased weekly usage limits, monthly programmatic usage credits, and the […] The post Implications of Claude’s Upgrade on Weekly Usage Limits and Claude User Recovery of Bitcoin appeared first on Tekedia.

SK Hynix is on the verge of joining the exclusive trillion-dollar market capitalization club, just weeks after rival Samsung Electronics achieved the milestone, cementing South Korea’s emergence as a dominant force in the artificial intelligence era. The memory chip specialist’s shares have skyrocketed more than 200% so far in 2026, following a blistering 274% gain […] The post SK Hynix Nears $1tn Valuation, Propelling South Korea Toward Historic Double Milestone in Global AI Race appeared first on Tekedia.