Naija News Feed
Technology
Oil refinery ablaze in Cuba as fuel crisis deepens
Black smoke clouds could be seen billowing from the Ñico López Refinery in the capital Havana on Friday.
Tech City NG -
Feed maker Unga turns to biomass to cut energy costs
The agricultural inputs manufacturer said the switch from diesel-powered thermal energy to renewable biomass will reduce steam generation costs by about 45 percent and eliminate the use of roughly 1.08 million litres of diesel each year, easing pressure from foreign exchange volatility and global fuel price swings.
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Biometric firm Identy.io targets Kenya, Nigeria in Africa expansion
The biometric authentication firm said it will establish a regional leadership team to drive engagements with governments, financial institutions and telecommunications companies.
Tech City NG -
Coinbase’s Q4 2025 Earnings Miss are Multifaceted, Spanning Short-Term Market Reactions
Coinbase Global (COIN) reported its Q4 2025 earnings (covering October-December 2025) after market close on February 12, 2026, and the results came in below Wall Street expectations amid a broader cryptocurrency market downturn. Total revenue: $1.78 billion, missing analyst estimates of around $1.83–$1.85 billion; a miss of roughly 2.5–3.8% depending on the consensus source. Adjusted […] The post Coinbase’s Q4 2025 Earnings Miss are Multifaceted, Spanning Short-Term Market Reactions appeared first on Tekedia.
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Over $1T Gets Wiped from Equities as the S&P Falls More Than 1.5%
The S&P 500 closed down 1.57% dropping 108.71 points to 6,832.76, with the Dow Jones Industrial Average falling 1.34% (669.42 points to 49,451.98) and the Nasdaq Composite sliding 2.03% (469.32 points to 22,597.15). This move contributed to over $1 trillion in market capitalization being wiped out from equities in the session or broader recent selloff […] The post Over $1T Gets Wiped from Equities as the S&P Falls More Than 1.5% appeared first on Tekedia.
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David Prinçay’s Attempted Home Invasion Underscores Rising Kidnappings in France 
David Prinçay, the CEO of Binance France, was targeted in an attempted home invasion referred to as a “home-jacking” in French reports. According to reports from RTL and covered by crypto news outlets like Crypto Briefing, three hooded/masked men—described as an amateurish group—attempted to break into his apartment in Val-de-Marne around 7 a.m. They were […] The post David Prinçay’s Attempted Home Invasion Underscores Rising Kidnappings in France  appeared first on Tekedia.
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Israel Arrests Individuals Using Classified Information to Bet on Polymarket
Israeli authorities have arrested multiple individuals and indicted two in connection with using classified military information to place bets on Polymarket, a prediction market platform, regarding Israeli military operations. A joint investigation by the Shin Bet (domestic security agency), Israel Police, and the Defense Ministry’s security unit led to the arrests of several suspects, including […] The post Israel Arrests Individuals Using Classified Information to Bet on Polymarket appeared first on Tekedia.
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South Korea Launches Probe after Authorities Lose over 340 BTC
In January 2026, the Gwangju District Prosecutors’ Office launched an internal investigation and audit after discovering that 320 BTC valued at around $28-29 million USD at the time, or about 40-41 billion KRW had been lost/stolen from custody. This occurred during an internal handover process in August 2025, with indications it may have involved a […] The post South Korea Launches Probe after Authorities Lose over 340 BTC appeared first on Tekedia.
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U.S and Taiwan Have Finalized and Signed the Reciprocal Trade Agreement 
The United States and Taiwan finalized and signed the U.S.-Taiwan Agreement on Reciprocal Trade often referred to as a reciprocal trade agreement. This deal, negotiated under President Donald Trump administration, reduces U.S. tariffs on most Taiwanese imports including key exports like semiconductors to a maximum of 15%. This is down from higher rates initially imposed […] The post U.S and Taiwan Have Finalized and Signed the Reciprocal Trade Agreement  appeared first on Tekedia.
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Sales of Heavy Truck Particularly Class 8 Decline Significantly 
Heavy truck sales particularly Class 8, which includes the largest commercial trucks have been declining significantly, and this metric has historically served as a leading indicator for economic slowdowns or recessions. However, as of February 2026, the signal is mixed—while sales remain weak overall, recent order data shows some signs of stabilization or modest recovery, […] The post Sales of Heavy Truck Particularly Class 8 Decline Significantly  appeared first on Tekedia.
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Bitcoin Could Crash to $50,000 – Standard Chartered Issues Warning
Major investment bank Standard Chartered has delivered one of the more sobering near-term outlooks for the cryptocurrency market in recent months. In a recent commentary shared by reporter Bloomberg, Geoff Kendrick, the bank’s Head of Digital Assets Research, now anticipates Bitcoin sliding to around $50,000 and Ethereum (ETH) dropping toward $1,400 in the coming months […] The post Bitcoin Could Crash to $50,000 – Standard Chartered Issues Warning appeared first on Tekedia.
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Russia Considering a Return to Using USD for International Settlements 
Russia is considering a return to using the US dollar in international settlements as part of a proposed wide-ranging economic partnership with the United States under President Donald Trump’s administration. This stems from an internal Kremlin memo reviewed and reported by Bloomberg. The document outlines several areas of potential US-Russia economic alignment, potentially tied to […] The post Russia Considering a Return to Using USD for International Settlements  appeared first on Tekedia.
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Tekedia Mini-MBA Live Zoom Lectures Begin
We will begin the live Zoom component of Tekedia Mini-MBA tomorrow. I will discuss the mission of firms and why innovation is indispensable to achieving whatever organizations set out to accomplish. Companies must continuously innovate to improve how they combine and recombine the factors of production to create products and services that solve market frictions. […] The post Tekedia Mini-MBA Live Zoom Lectures Begin appeared first on Tekedia.
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Russia Blocks WhatsApp Nationwide, Adding to Mounting Global Regulatory Pressure
Russia’s full block of WhatsApp intensifies pressure on Meta’s messaging business at a time when the company is also facing heightened antitrust scrutiny in Europe. Russia has completely blocked WhatsApp, the messaging platform owned by Meta Platforms, in what the Kremlin described as a response to the company’s failure to comply with domestic law. The […] The post Russia Blocks WhatsApp Nationwide, Adding to Mounting Global Regulatory Pressure appeared first on Tekedia.
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Kiyosaki Makes Bold Claim: Why He’d Pick Bitcoin Over Gold Every Time
As the global markets battle with economic uncertainty, prominent investor Robert Kiyoski is doubling down on digital assets. The Rich Dad Poor Dad author has boldly declared that he prefers Bitcoin to gold, calling it the superior store of value in today’s evolving financial landscape. In a post on X, he wrote, “I am often […] The post Kiyosaki Makes Bold Claim: Why He’d Pick Bitcoin Over Gold Every Time appeared first on Tekedia.
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Reserve Bank of India Executes Large Bond Switch as India Prepares for Record Borrowing
India’s central bank said on Thursday that the federal government has conducted a sizable bond switch operation, buying back securities maturing in the next fiscal year and issuing longer-dated debt due in 2040, as part of a broader strategy to manage refinancing risks ahead of record borrowing. Under the operation, the government repurchased 755.04 billion […] The post Reserve Bank of India Executes Large Bond Switch as India Prepares for Record Borrowing appeared first on Tekedia.
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Amazon Web Services CEO Says AI Fears Are Overstated as Software Stocks Reel
Amazon Web Services Chief Executive Matt Garman said investor anxiety over artificial intelligence undermining traditional software companies has likely gone too far, even as the sector posts one of its steepest pullbacks in years. “Look, my own opinion is that much of the fear is overblown,” Garman told CNBC’s Jon Fortt on Thursday, addressing concerns […] The post Amazon Web Services CEO Says AI Fears Are Overstated as Software Stocks Reel appeared first on Tekedia.
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DOJ Opens Review of Netflix–Warner Bros. Deal as Rival Bidders, Political Undercurrents Complicate Media Merger
The U.S. Department of Justice under President Donald Trump has launched a broad review of Netflix’s proposed $82.7 billion acquisition of Warner Bros., placing one of the most consequential media mergers in decades under antitrust scrutiny and injecting fresh uncertainty into an already politically charged bidding landscape. According to reporting by The Wall Street Journal […] The post DOJ Opens Review of Netflix–Warner Bros. Deal as Rival Bidders, Political Undercurrents Complicate Media Merger appeared first on Tekedia.
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Anthropic Raises $30bn in Series G, Valuation Soars to $380bn as AI Investment Wave Accelerates
Anthropic’s $30 billion Series G — lifting its valuation to $380 billion — underscores how capital continues to flood into artificial intelligence despite persistent concerns about an emerging bubble. Anthropic announced Thursday that it has closed a $30 billion Series G financing round, nearly doubling its valuation to $380 billion from $183 billion in its […] The post Anthropic Raises $30bn in Series G, Valuation Soars to $380bn as AI Investment Wave Accelerates appeared first on Tekedia.
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Dangote Petroleum Refinery Hits Full 650,000 bpd Capacity in Single-Train Milestone
The Dangote Petroleum Refinery says it has reached its full designed capacity of 650,000 barrels of crude oil per day (bpd), a benchmark the company describes as historic and unprecedented for a single-train refinery of that scale. In a statement issued Wednesday, the refinery said the milestone followed optimization of its Crude Distillation Unit (CDU) […] The post Dangote Petroleum Refinery Hits Full 650,000 bpd Capacity in Single-Train Milestone appeared first on Tekedia.
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Ethereum Pursuing Integration of ZKP on L1, as Alameda Research Distributes $15.6M in SOL to Creditors 
Ethereum is actively pursuing the integration of zero-knowledge (ZK) proofs directly into its Layer 1 (L1) execution validation process. This represents a significant architectural evolution for the protocol, often described as one of the most transformative changes since The Merge. Ethereum is shifting from the current model—where validators must re-execute every transaction in a block […] The post Ethereum Pursuing Integration of ZKP on L1, as Alameda Research Distributes $15.6M in SOL to Creditors  appeared first on Tekedia.
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UniswapX Partners with Securitize Amid BlackRock’s Investments on UNI Tokens 
Uniswap Labs announced a partnership with Securitize; the tokenization platform behind BUIDL) to enable on-chain trading of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) via UniswapX. This marks BlackRock’s first significant step into DeFi trading. BUIDL is BlackRock’s tokenized money market fund, backed by U.S. Treasuries and other cash equivalents, offering yield similar to a […] The post UniswapX Partners with Securitize Amid BlackRock’s Investments on UNI Tokens  appeared first on Tekedia.
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OpenAI Raises Alarm Over Alleged Chinese AI Model Copying Tactics
Major artificial intelligence companies are escalating concerns over what they describe as aggressive attempts by rival firms to replicate proprietary AI systems through indirect extraction methods. OpenAI has formally alerted U.S. lawmakers to what it characterizes as improper use of its models by Chinese artificial intelligence developers, specifically naming DeepSeek. In a memo circulated to […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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Top phones to surprise your partner this Valentine’s Day
We have compiled a list of the best smartphones you can gift your partner, using verified pricing from Slot and Pointek and checking availability across Nigeria and South Africa.
TechCabal -
 
 
Noah and Payd Partner to Provide Stablecoin-Based Salary Payments for African Digital Workers
Noah, a global payments infrastructure provider, and Payd, a financial operating system for African professionals, have announced a partnership enabling Payd’s 30,000+ users to receive international earnings through stablecoin infrastructure. The integration allows Payd users to generate Virtual IBANs for euro payments or US Routing Numbers for dollar payments through Noah’s platform. Users can receive […] The post Noah and Payd Partner to Provide Stablecoin-Based Salary Payments for African Digital Workers appeared first on Tech In Africa.
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Jesutomiwa Salam Was Shaped by Scarcity but Now Builds AI Systems That Solve the Same Challenges
Jesutomiwa Salam’s story doesn’t start in a bootcamp success montage. It starts in the kind of isolation that either breaks curiosity or turns it into a private obsession. Limited internet. Minimal community. No older friend pulling them into a tech circle. No public roadmap. Just a growing certainty that if you wanted to learn, you […] The post Jesutomiwa Salam Was Shaped by Scarcity but Now Builds AI Systems That Solve the Same Challenges appeared first on Tech In Africa.
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Electric Motorcycle Company Spiro Secures $7M Debt Financing from Nithio
Spiro, an electric motorcycle company operating in Africa, has obtained a $7 million loan from US-based climate fintech financier Nithio to fund expansion of its EV fleet, battery-swapping infrastructure, and working capital. The facility represents Nithio’s first investment in Africa’s electric mobility sector. Founded in 2022, Spiro has raised nearly $290 million in total funding. […] The post Electric Motorcycle Company Spiro Secures $7M Debt Financing from Nithio appeared first on Tech In Africa.
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IFC Commits Up to $8M to Aruwa Capital’s Second Fund Targeting West African SMEs
Aruwa Capital Management has secured a commitment of up to $8 million from the International Finance Corporation for its second fund, Aruwa Capital Fund II, which targets a $50 million raise with a $60 million hard cap. The Lagos-based, women-led private equity firm, founded in 2019 by Adesuwa Okunbo Rhodes, will use the fund to […] The post IFC Commits Up to $8M to Aruwa Capital’s Second Fund Targeting West African SMEs appeared first on Tech In Africa.
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No-Code Tech Summit 3.0 is coming to the mainland with $1000 up for grabs
No-Code Tech Summit 3.0 is coming to the mainland with $1000 up for grabs The No-Code Tech Summit and Awards 3.0 returns this year. It blends practical learning, community moments, talent recognition… TechCity
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USD.AI Releases ICO and Airdrop Details
USD.AI developed by Permian Labs is a DeFi protocol issuing the yield-bearing stablecoin USDai and staked variant sUSDai, backed by loans against AI infrastructure like GPUs and compute resources. It bridges crypto liquidity with real-world AI hardware financing.The project’s governance and utility token is $CHIP: CoinList (whitelist/eligibility based on Allo points from the “Allo Game” […] The post USD.AI Releases ICO and Airdrop Details appeared first on Tekedia.
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Delta40 Lands $20M to Support Diverse Founders Tackling Africa’s Urgent Challenges
Delta40, a venture studio and VC fund investing in and supporting founders addressing Africa’s most urgent challenges, has secured $20 million in funding to strengthen its integrated Venture Studio and Fund model, supporting Africa’s diverse startup founders. The funding round attracted participation from 54 investors across 13 countries, spanning global institutions, high-net-worth individuals, development finance […] The post Delta40 Lands $20M to Support Diverse Founders Tackling Africa’s Urgent Challenges appeared first on Tekedia.
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The Power of One Team: Why Collaboration Outruns Individual Brilliance
If you studied Social Studies in junior secondary school, you probably memorized the textbook advantages of partnerships and team management. One line my teacher, Mr. Mbah, emphasized was: “joint hands in making management decisions.” We recited it faithfully, preparing for exams, without truly grasping what it meant in practice. By senior secondary school, the Economics […] The post The Power of One Team: Why Collaboration Outruns Individual Brilliance appeared first on Tekedia.
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Why Nigeria’s Rural Poor Can’t Access Digital Public Infrastructure
Why Nigeria’s Rural Poor Can’t Access Digital Public Infrastructure When Lagos births new fintech start‑ups, and Abuja hosts summits on artificial intelligence, the headlines suggest Nigeria is… TechCity
Tech City NG -
Implications of the Recently Released US Jobs Report 
The latest US jobs report, released by the Bureau of Labor Statistics (BLS) covers January 2026 data; delayed slightly due to a partial government shutdown. It showed nonfarm payrolls increased by 130,000, beating economists’ expectations, which had ranged around 55,000 to 70,000 like the Dow Jones consensus at 55,000, Reuters/LSEG around 70,000. Nonfarm payrolls: +130,000 […] The post Implications of the Recently Released US Jobs Report  appeared first on Tekedia.
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Samsung Ships HBM4 Chips, Escalating High-Stakes Battle for AI Memory Dominance
Samsung Electronics said it has begun shipping its most advanced high-bandwidth memory, HBM4, to unnamed customers, a milestone that signals a more aggressive push into the fastest-growing and most strategically important segment of the semiconductor market: memory for artificial intelligence accelerators. The move comes as global technology companies pour billions of dollars into AI data […] The post Samsung Ships HBM4 Chips, Escalating High-Stakes Battle for AI Memory Dominance appeared first on Tekedia.
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MyBank By Bybit Operates Independently As a Retail Banking Service 
Bybit, one of the world’s largest cryptocurrency exchanges based in Dubai, has announced plans to expand into retail banking services by offering “MyBank powered by Bybit” accounts. These function as retail-style bank accounts, allowing users to hold and manage fiat currencies alongside their crypto holdings. The service was targeted for rollout in February 2026, and […] The post MyBank By Bybit Operates Independently As a Retail Banking Service  appeared first on Tekedia.
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