Naija News Feed
Technology
Unitree’s 45% Share Plunge Exposes Risks Behind China’s AI Robotics Frenzy
Unitree, China’s best-known humanoid robot maker, has lost roughly 45% of its market value since a spectacular Shanghai debut, raising fresh concerns about speculative excess, retail investor losses, and the way China prices high-profile technology IPOs. The sharp reversal has wiped about $30 billion from Unitree’s valuation after the company briefly reached roughly $66 billion […] The post Unitree’s 45% Share Plunge Exposes Risks Behind China’s AI Robotics Frenzy appeared first on Tekedia.
Tekedia -
Moniepoint Shuts Down MonieWorld, Retreats From UK Remittance to Double Down on Africa
Nigerian fintech unicorn Moniepoint has announced plans to shutdown MonieWorld, its UK-based remittance product, less than 18 months after launch. The company announced the move on August 25, 2026, following a review of its portfolio and long-term priorities. It disclosed that resources will now shift toward scaling its core platform for African businesses, particularly in […] The post Moniepoint Shuts Down MonieWorld, Retreats From UK Remittance to Double Down on Africa appeared first on Tekedia.
Tekedia -
Nvidia Earnings Put $280bn Market-Value Swing In Play As Investors Test Strength Of AI Boom
Nvidia’s second-quarter earnings on Wednesday are shaping up as one of the most closely watched events in global markets, with options traders pricing in a potential $280 billion swing in the chipmaker’s market value as investors look for evidence that demand for artificial intelligence infrastructure remains strong. Options on Nvidia are pricing in a 5.4% […] The post Nvidia Earnings Put $280bn Market-Value Swing In Play As Investors Test Strength Of AI Boom appeared first on Tekedia.
Tekedia -
Why Glass Packaging Decisions Now Start With Logistics and Carbon Math
Glass is back in beauty, fragrance, and home scent because it solves a modern tension: consumers want premium products that also feel responsible. Glass is highly recyclable, it protects sensitive formulas, and it signals quality on shelf. The trade-off is operational: glass is heavy, fragile, and often tied to longer lead times when decoration, custom […] The post Why Glass Packaging Decisions Now Start With Logistics and Carbon Math appeared first on Tekedia.
Tekedia -
XRP Is Going Institutional, Litecoin Is Moving –  Is Apeing the Next Top Altcoin Pick Ready to Break Out?
What if the biggest crypto move begins before the charts permit everyone to believe it? And what happens when traders keep analysing while the early crowd quietly secures its position? The latest crypto market news has given XRP a serious institutional storyline after a reported live cross-border redemption involving tokenized U.S. Treasury assets on the […] The post XRP Is Going Institutional, Litecoin Is Moving –  Is Apeing the Next Top Altcoin Pick Ready to Break Out? appeared first on Tekedia.
Tekedia -
After the Cell C divorce, Blu Label is making a play for electricity
TechCabal -
How To Use Vibe Coding To Make Money
The tech landscape is undergoing a monumental shift. Gone are the days when building functional software required years of computer science education or months of painstaking syntax debugging. Today, creators, entrepreneurs and non-technical founders are building complex applications simply by speaking to AI in plain English. This revolutionary paradigm is called “vibe coding.” If you […]
OgbongeBlog -
Ventures Platform Raises $84M Fund II to Expand Early-Stage Investing Across Africa
Nigeria-based venture capital firm Ventures Platform has raised $84 million for its second fund, giving the investor more capital — and a wider geographic mandate — to back technology startups across Africa. The oversubscribed fund represents a significant step up from Ventures Platform’s first institutional fund, which closed at $46 million in 2022. While the […] The post Ventures Platform Raises $84M Fund II to Expand Early-Stage Investing Across Africa appeared first on Tech In Africa.
Tech In Africa -
Why On-Device AI Makes the New Mac Studio a Powerful Pro Machine
Apple’s latest Mac mini and Mac Studio demonstrate how dramatically desktop computing has evolved, particularly as artificial intelligence becomes an increasingly important part of everyday technology. Designed for users who want powerful performance without compromising efficiency or flexibility, the two machines represent different approaches to high-performance computing. The Mac mini offers compact versatility, while the […] The post Why On-Device AI Makes the New Mac Studio a Powerful Pro Machine appeared first on Tekedia.
Tekedia -
Germany’s Economy Shows Modest Signs of Resilience as Growth Beats Expectations
Germany’s economy expanded by 0.3% in the second quarter compared with the previous three months, according to the Federal Statistical Office. The revised figure came in slightly above the initial estimate of 0.2%, offering a modestly more positive reading for Europe’s largest economy after a prolonged period of weak growth and industrial uncertainty. The upward […] The post Germany’s Economy Shows Modest Signs of Resilience as Growth Beats Expectations appeared first on Tekedia.
Tekedia -
Volkswagen Workers and Managers Clash Over Cost-Cutting Drive
Volkswagen employees and managers are preparing for a series of extraordinary meetings at the German carmaker’s major sites, highlighting the growing tension surrounding an aggressive cost-cutting campaign. The meetings come as workers confront increasing uncertainty over jobs, wages and the future direction of one of Germany’s most important industrial companies. Volkswagen has been under mounting […] The post Volkswagen Workers and Managers Clash Over Cost-Cutting Drive appeared first on Tekedia.
Tekedia -
Investors Turn to Financials as AI Trade Splits Hedge Funds and Mutual Funds
Investors may be divided over how far the artificial intelligence boom can continue to drive stock markets, but hedge funds and mutual funds are increasingly finding common ground in one part of the market: financials. Both groups increased their exposure to financial stocks in the second quarter, with Goldman Sachs data showing that their bullish […] The post Investors Turn to Financials as AI Trade Splits Hedge Funds and Mutual Funds appeared first on Tekedia.
Tekedia -
 
 
Scalable Capital Opens Door to AI Trading as ChatGPT and Claude Gain Access to Customer Portfolios
German digital broker Scalable Capital is allowing customers to use artificial intelligence platforms such as ChatGPT and Claude to analyze their investment portfolios and execute trades, marking a significant step toward AI becoming an interface for real-world financial transactions. The company said Tuesday that customers can now use the two AI platforms to interact with […] The post Scalable Capital Opens Door to AI Trading as ChatGPT and Claude Gain Access to Customer Portfolios appeared first on Tekedia.
Tekedia -
Stablecoin Card Spending Seen Quadrupling to $50bn by 2028 as Payments Adoption Accelerates
Global spending through stablecoin-linked cards is expected to quadruple to about $50 billion annually by 2028 as digital currencies pegged to fiat currencies gain traction in everyday payments, cross-border transactions and treasury operations, according to stablecoin payments company RedotPay. The Hong Kong-based company said stablecoin card spending surpassed $1 billion in July, marking a record […] The post Stablecoin Card Spending Seen Quadrupling to $50bn by 2028 as Payments Adoption Accelerates appeared first on Tekedia.
Tekedia -
SEC Subpoenas Major Wall Street Banks Over AI Hedge Fund’s Near-Collapse
The U.S. Securities and Exchange Commission has subpoenaed several major Wall Street banks as it examines their dealings with Situational Awareness, the AI-focused hedge fund that suffered a dramatic collapse in assets last month after a technology-stock sell-off triggered a series of margin calls. The subpoenas seek information about the fund’s trading activity, leverage and […] The post SEC Subpoenas Major Wall Street Banks Over AI Hedge Fund’s Near-Collapse appeared first on Tekedia.
Tekedia -
Blackberry Sees Robotics Emerging As A Major Growth Engine For QNX As Physical AI Expands
BlackBerry is seeing rapid growth in robotics within its QNX software business as the company seeks to position itself for the next wave of “physical AI,” CEO John Giamatteo told CNBC. The shift marks another stage in BlackBerry’s transformation from a once-dominant smartphone manufacturer into an enterprise software company focused heavily on embedded and safety-critical […] The post Blackberry Sees Robotics Emerging As A Major Growth Engine For QNX As Physical AI Expands appeared first on Tekedia.
Tekedia -
Ghana government declines MTN’s ghs20 million offer for xenophobia victims
By Boluwatife Oshadiya | August 26, 2026, 4:40 PM Key Points Main Story The Government of Ghana has declined a proposed GHS20 million donation from MTN Ghana to support Ghanaians affected by recent xenophobic attacks in South Africa. The Ministry of Foreign Affairs announced the decision in a statement issued in Accra on August 26, […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
BizwatchNigeria -
Zambia’s carbon registry could mark a turning point for Africa’s carbon market
TechCabal -
What 12 years of Tony Elumelu did to UBA, in 10 charts 
TechCabal -
7 Signs Your Business Needs a Lawyer — Before It’s Too Late
Many business owners only think about hiring a lawyer when something has already gone wrong: a lawsuit arrives, a major customer refuses to pay, or a dispute with a business partner threatens the company. But waiting until a legal problem becomes a crisis can be costly. A business lawyer can help identify risks early, protect […]
IT News Africa -
MTN nears $6.2bn IHS takeover after FCCPC nod
By Annette Ikponmwonba | August 26, 2026 Keypoints Main Story MTN Group has moved closer to completing its proposed $6.2bn acquisition of IHS Towers after Nigeria’s Federal Competition and Consumer Protection Commission granted conditional approval for the transaction, The approval removes a major regulatory hurdle for the deal, which would give MTN full ownership of […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
BizwatchNigeria -
Druckenmiller Says Treasury Buybacks Risk Credibility As U.S. Misses Chance For Debt Reform
Billionaire investor Stanley Druckenmiller has sharply criticized the U.S. Treasury’s expanded bond-buyback programme, warning that attempts to influence long-term yields could undermine the credibility of the world’s most important government bond market while failing to address the country’s underlying fiscal problems. Druckenmiller, a former colleague of Treasury Secretary Scott Bessent at Soros Fund Management, said […] The post Druckenmiller Says Treasury Buybacks Risk Credibility As U.S. Misses Chance For Debt Reform appeared first on Tekedia.
Tekedia -
How a diverted tuition fee birthed a $450 million remittance platform 
TechCabal -
Peter Otobong: The software engineer who learnt to code on a ‘borrowed’ laptop
TechCabal -
 
 
Nigeria’s NCC grants MTN conditional approval for IHS deal
TechCabal -
Intron’s new voice model can follow African speakers who switch languages mid-sentence
TechCabal -
Ventures Platform’s second fund closes at $84 million, almost double its first
TechCabal -
SAS, FACTS Consulting urge organisations to detect procurement fraud before losses escalate
Organisations need to move procurement fraud prevention closer to the point where suspicious activity occurs, rather than relying primarily on investigations after money has already been lost, according to SAS and FACTS Consulting. The call follows SAS’s Continuous Monitoring for Procurement Integrity client session held at its Johannesburg offices on 19 August, where the discussion […]
IT News Africa -
Frogfoot Targets 360,000 New Fibre Connections a Year After R14.4bn Valuation Deal
Frogfoot Networks, Vox and Hypa Fibre have secured a major capital injection aimed at accelerating fibre deployment across South Africa, particularly in underserved and lower-income communities. The transaction values the three companies at a combined R14.4 billion and provides new equity capital and additional leverage to support a substantial expansion of their networks. Frogfoot plans […]
IT News Africa -
Pick n Pay asap! brings social commerce to grocery shopping with new SA-first feature
Pick n Pay asap! is bringing social commerce to grocery shopping in South Africa with the launch of Pick n Pay Inspire, a new shoppable video feed built directly into the Pick n Pay asap! app. A first for a South African grocery retailer, this feature lets customers shop products directly from videos, without leaving […]
IT News Africa -
👨🏿‍🚀TechCabal Daily – MonieWorld, MonieExit
TechCabal -
Loyalty is ready for a connected upgrade
Think about how many loyalty programmes you use in an ordinary week. You might scan a rewards card when buying groceries or earn benefits when filling up your car. Then you swipe your gym membership for a quick sweat session after work and on the way home, your online grocery order rewards you for shopping […]
IT News Africa -
Bitcoin’s Three-Day Rally Signals a Potential Rotation From AI to Crypto
Bitcoin has delivered its strongest three-day rally since 2023, reviving debate over whether capital is beginning to rotate away from the overheated artificial intelligence trade and back into cryptocurrencies. The move comes at a time when concerns about the enormous cost of AI investment are becoming harder for investors to ignore. For prominent investors including […] The post Bitcoin’s Three-Day Rally Signals a Potential Rotation From AI to Crypto appeared first on Tekedia.
Tekedia -
Truth API Puts Trump Media at the Center of a New Market-Data Debate
Trump Media’s Truth API is quickly becoming one of the most controversial products in the intersection between social media, financial markets and politics. The service gives high-frequency trading firms early access to posts published through Donald Trump’s Truth Social platform, reportedly at prices reaching as much as $100,000 per month. While Trump Media’s interim CEO […] The post Truth API Puts Trump Media at the Center of a New Market-Data Debate appeared first on Tekedia.
Tekedia -
Standard Chartered Becomes First Bank to Distribute Hong Kong Stablecoin
Standard Chartered has become the first bank authorized to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, marking a significant step in the integration of blockchain-based money with traditional banking infrastructure. The announcement places one of the world’s major international banks directly at the center of Hong Kong’s emerging regulated stablecoin […] The post Standard Chartered Becomes First Bank to Distribute Hong Kong Stablecoin appeared first on Tekedia.
Tekedia -
Saylor’s Strategy Swings From Billions in Losses to Profit as Bitcoin Reclaims $80K
Michael Saylor’s Bitcoin strategy has moved dramatically back into positive territory, highlighting both the enormous upside and extraordinary volatility attached to Strategy’s aggressive digital-asset accumulation. According to Lookonchain data, Strategy swung from more than $9.5 billion in unrealized losses to over $4.7 billion in unrealized profit within a single week, as Bitcoin’s powerful rally lifted […] The post Saylor’s Strategy Swings From Billions in Losses to Profit as Bitcoin Reclaims $80K appeared first on Tekedia.
Tekedia -