Naija News Feed
Technology
Euro-Area Inflation Hits 3.3% as Energy Prices Surge 14.3%, Putting ECB Rate Cuts Under Pressure
Euro-area inflation accelerated sharply in August, highlighting renewed price pressures across the region and complicating expectations for the European Central Bank (ECB). Annual inflation rose to 3.3% from 2.9% in July, while energy inflation surged to 14.3%. The latest figures represent a significant challenge for policymakers who have been trying to balance inflation control with […] The post Euro-Area Inflation Hits 3.3% as Energy Prices Surge 14.3%, Putting ECB Rate Cuts Under Pressure appeared first on Tekedia.
Tekedia -
SEC Proposes Blockchain Transfer-Agent Rules to Modernize Securities Infrastructure
The Securities and Exchange Commission’s proposal to modernize transfer-agent rules could represent an important step toward bringing traditional securities infrastructure into the blockchain era. By recognizing blockchain-based recordkeeping and digital share transfers within the regulatory framework, the SEC is signaling that distributed ledger technology is becoming increasingly relevant to mainstream financial markets. Transfer agents play […] The post SEC Proposes Blockchain Transfer-Agent Rules to Modernize Securities Infrastructure appeared first on Tekedia.
Tekedia -
OpenAI Agents Allegedly Hijacked German Wiki and Created Rogue AI Message Board
A swarm of OpenAI artificial intelligence agents allegedly hijacked a German-language website earlier this year, turning it into an informal message board where AI agents exchanged tactics for bypassing safeguards, concealing their activity and coordinating with one another, according to new research reviewed by Reuters and people familiar with the incident. The activity began in […] The post OpenAI Agents Allegedly Hijacked German Wiki and Created Rogue AI Message Board appeared first on Tekedia.
Tekedia -
Dangote Refinery Targets $1.5 Billion IPO in Africa’s Biggest Share Sale
Nigeria’s Dangote Group plans to price the initial public offering of its refinery unit at 525 naira ($0.40) per share, potentially raising about $1.5 billion in what would be Africa’s largest-ever share sale, two people with direct knowledge of the deal told Reuters. The offering will put investor appetite to the test for one of […] The post Dangote Refinery Targets $1.5 Billion IPO in Africa’s Biggest Share Sale appeared first on Tekedia.
Tekedia -
BofA Says the Coming Jobs Report Is Just an Appetizer for the Next Fed Meeting
Wall Street is preparing for another closely watched U.S. jobs report, but Bank of America believes the employment figures will be only the opening course in a much larger economic debate. With the Federal Reserve preparing for its September 15–16 policy meeting, investors are increasingly focused on whether inflation, rather than employment, will determine the […] The post BofA Says the Coming Jobs Report Is Just an Appetizer for the Next Fed Meeting appeared first on Tekedia.
Tekedia -
Crypto Hacks Drain Over $3.1 Billion Since 2025, Led by Bybit’s Record $1.4 Billion Exploit
Crypto platforms have lost more than $3.1 billion to hacks and exploits since the beginning of 2025, according to data from CoinGecko’s 2026 State of Crypto Security Report. The single largest incident remains Bybit’s February 2025 breach, in which attackers drained approximately $1.4 billion, mostly in Ethereum from the exchange’s multisig wallets, marking the biggest […] The post Crypto Hacks Drain Over $3.1 Billion Since 2025, Led by Bybit’s Record $1.4 Billion Exploit appeared first on Tekedia.
Tekedia -
Michael Saylor’s Strategy Hits $4.93 Billion Unrealized Bitcoin Gain
Strategy, formerly known as MicroStrategy and led by Executive Chairman Michael Saylor, currently holds an unrealized gain of approximately $4.93 billion on its massive Bitcoin investment, according to a recent report. The company has positioned itself as the world’s largest corporate Bitcoin holder. As of the latest disclosures, it controls 845,050 BTC, acquired at an […] The post Michael Saylor’s Strategy Hits $4.93 Billion Unrealized Bitcoin Gain appeared first on Tekedia.
Tekedia -
Citadel Explores U.S. Oil Acquisitions as Hedge Fund Expands Into Physical Energy Assets
Citadel has held talks to acquire U.S. oil production assets as the hedge fund and commodities trading giant considers expanding its ownership of physical energy resources, five people familiar with the matter told Reuters. The firm founded by Ken Griffin was among the bidders for WildFire Energy, an Eagle Ford shale producer in South Texas […] The post Citadel Explores U.S. Oil Acquisitions as Hedge Fund Expands Into Physical Energy Assets appeared first on Tekedia.
Tekedia -
Tesla Launches Cybercab Robotaxi, Attracts Federal Probe Over Its Driverless Design
Tesla has officially put its long-awaited Cybercab robotaxi into service, nearly two years after unveiling the vehicle, but the commercial debut has been quickly overshadowed by a federal safety investigation into the car’s unconventional driverless design. The electric-vehicle maker said on its website that customers can now request autonomous rides through its Robotaxi app on […] The post Tesla Launches Cybercab Robotaxi, Attracts Federal Probe Over Its Driverless Design appeared first on Tekedia.
Tekedia -
AMC CEO Adam Aron Attacks Robinhood Over Tokenized Shares, Raises Regulatory Concerns
AMC Entertainment CEO Adam Aron has launched a sharp attack on Robinhood over its decision to offer tokenized versions of AMC shares, noting that the products could undermine U.S. securities regulations and create a synthetic market that operates outside the conventional framework governing publicly traded stocks. “The list of concerns is almost existential,” Aron said […] The post AMC CEO Adam Aron Attacks Robinhood Over Tokenized Shares, Raises Regulatory Concerns appeared first on Tekedia.
Tekedia -
MSTR Surges 17.5%, CLARITY Act Faces a Race Against the Clock, as Coinbase Pushes Stock Perpetuals Toward the U.S.
Strategy, formerly known as MicroStrategy and traded under the ticker MSTR, delivered one of the strongest performances among large-cap stocks as its shares climbed roughly 17.5% in a single session. The move highlights how closely the company remains tied to Bitcoin’s momentum and the growing appetite for publicly traded vehicles that provide investors with leveraged […] The post MSTR Surges 17.5%, CLARITY Act Faces a Race Against the Clock, as Coinbase Pushes Stock Perpetuals Toward the U.S. appeared first on Tekedia.
Tekedia -
What Are You Building? Can We Fund You?
What are you building? If you are creating something bold and original, with the potential to establish a new basis of competition, transform an industry and capture meaningful market value, Tekedia Capital would like to hear from you. We invest in and support approximately 35 companies each year, providing resources to help ambitious founders advance […] The post What Are You Building? Can We Fund You? appeared first on Tekedia.
Tekedia -
 
 
Uber’s $14 ride problem in Nigeria
TechCabal -
AI, political competition, electoral technology raise concerns ahead of 2027 polls
Artificial intelligence-driven political communication, rising political competition, weaknesses in electoral technology and inconsistent enforcement of electoral laws are emerging as major concerns ahead of Nigeria’s 2027 general elections, an ongoing monitoring initiative has found. The findings are contained in preliminary observations from the #TrackingNaija2027Elections initiative, a collaborative project involving the Centre for Research on Development […] The post AI, political competition, electoral technology raise concerns ahead of 2027 polls appeared first on Tekedia.
Tekedia -
Robinhood Blockchain Volume Nears $2 Billion Amid Stock Rally and AMC Dispute
The battle over tokenized equities is entering a more confrontational phase, with AMC Entertainment CEO Adam Aron taking direct aim at Robinhood’s blockchain strategy. Aron has described Robinhood’s tokenized AMC stock as “contemptible” and “vile,” while signaling that AMC has instructed outside securities lawyers to examine the offering. The dispute highlights a fundamental question for […] The post Robinhood Blockchain Volume Nears $2 Billion Amid Stock Rally and AMC Dispute appeared first on Tekedia.
Tekedia -
OpenAI GPT-6 Astra Rolls Out to Limited Organizations Ahead of Public Release
OpenAI has begun rolling out GPT-6 Astra, its latest flagship artificial intelligence model, initially making it available to a limited group of organizations before expanding access to paying ChatGPT users and developers. The launch marks another major step in the rapid evolution of AI, with OpenAI positioning Astra as a generational improvement in intelligence, computer […] The post OpenAI GPT-6 Astra Rolls Out to Limited Organizations Ahead of Public Release appeared first on Tekedia.
Tekedia -
Bitcoin Breaks Above $81K as $731M ETF Inflows Fuel Crypto Market Rally
Bitcoin’s latest move above $81,000 has injected fresh momentum into the cryptocurrency market, pushing total digital-asset capitalization roughly $135 billion higher. The rally comes as investors balance strong crypto-specific demand against a changing macroeconomic backdrop, with a stronger-than-expected jobs report raising concerns that interest rates could remain higher for longer. Bitcoin’s move above $81,000 is […] The post Bitcoin Breaks Above $81K as $731M ETF Inflows Fuel Crypto Market Rally appeared first on Tekedia.
Tekedia -
“Daybreak for Frontline Defenders:” OpenAI Pledges $1bn to Cybersecurity as AI-Powered Attacks Escalate
OpenAI said Thursday it will commit $1 billion in subsidized access to its artificial intelligence cybersecurity tools, training and technical support for organizations responsible for protecting critical services, as governments and companies race to strengthen defenses against increasingly capable AI-assisted attacks. The initiative, called “Daybreak for Frontline Defenders,” will initially target U.S. organizations operating essential […] The post “Daybreak for Frontline Defenders:” OpenAI Pledges $1bn to Cybersecurity as AI-Powered Attacks Escalate appeared first on Tekedia.
Tekedia -
South Korea, U.S. Discuss Chip Investments as Washington Weighs New Semiconductor Tariffs
South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral negotiations, a Seoul presidential official said Friday, as Washington prepares a targeted tariff policy for imported chips that could affect two of Asia’s largest memory-chip manufacturers. The discussions come as the administration of U.S. President Donald Trump […] The post South Korea, U.S. Discuss Chip Investments as Washington Weighs New Semiconductor Tariffs appeared first on Tekedia.
Tekedia -
Norway Wealth Fund Plans Treasury Cut as It Rethinks Bond Strategy
Norway’s $2.3 trillion sovereign wealth fund has proposed a significant reduction in its allocation to government bonds, with U.S. Treasurys set to bear much of the cut, as the world’s largest sovereign investor seeks to diversify its portfolio, limit concentration risks and improve long-term returns. The heads of Norges Bank Investment Management (NBIM), which manages […] The post Norway Wealth Fund Plans Treasury Cut as It Rethinks Bond Strategy appeared first on Tekedia.
Tekedia -
Trump Defends AI Revolution, Predicts Millions of Jobs and Medical Breakthroughs
President Donald Trump has voiced strong optimism about artificial intelligence, declaring that the technology will create millions of jobs and help cure diseases. In a recent interview with GB News host Bev Turner, Trump pushed back against concerns that AI could lead to widespread job losses, insisting the overall impact will be positive. “AI is […] The post Trump Defends AI Revolution, Predicts Millions of Jobs and Medical Breakthroughs appeared first on Tekedia.
Tekedia -
Rosneft Chief Says China, Not OPEC, Is Now Stabilizing Global Oil Markets
Igor Sechin, chief executive of Russia’s largest oil producer Rosneft and one of President Vladimir Putin’s most influential energy allies, said China has taken on a greater role in stabilizing global oil markets by sharply reducing its crude imports this year, arguing that Beijing’s influence is increasingly rivaling that of OPEC. Speaking Thursday at a […] The post Rosneft Chief Says China, Not OPEC, Is Now Stabilizing Global Oil Markets appeared first on Tekedia.
Tekedia -
South Korea’s Tokenization Push Could Redefine 24/7 Capital Markets
South Korea is preparing for a major transformation of its financial markets, unveiling a three-stage roadmap to bring stocks, bonds, funds and other conventional securities onto blockchain-based infrastructure. The initiative marks one of the clearest attempts by a major Asian economy to merge traditional capital markets with the always-on architecture of digital assets. At the […] The post South Korea’s Tokenization Push Could Redefine 24/7 Capital Markets appeared first on Tekedia.
Tekedia -
Trump Threatens to Cut Trade With Deficit Countries Unless Fed Cuts Rates
President Donald Trump on Friday escalated his pressure on the Federal Reserve, demanding lower interest rates and threatening to cut off trade with countries that maintain trade surpluses with the United States. Trump issued the sweeping ultimatum on Truth Social after a stronger-than-expected August employment report, arguing that the strength of the U.S. economy should […] The post Trump Threatens to Cut Trade With Deficit Countries Unless Fed Cuts Rates appeared first on Tekedia.
Tekedia -
 
 
Uber came to Africa to disrupt transport. Then Africa changed Uber.
TechCabal -
TechBBQ’s Charles Kinga on what European investors get wrong about Africa 
TechCabal -
Uber restores Visa payments in Kenya after eight-month pause
TechCabal -
Sun King joins Kenya’s growing smartphone financing race
TechCabal -
From 70 million to 317 million: How Serigne Dioum plans to turn every MTN subscriber into a MoMo user 
TechCabal -
Should you buy the Redmi 17 5G? What to consider first
TechCabal -
Beyond chatbots, South Africa’s 4Sight sees AI running business processes
TechCabal -
Glo’s decline, T2’s missing data widen MTN, Airtel’s Internet lead
TechCabal -
Kenyan Detectives Arrest Two FlexPay Directors Over KES 31.2M Allegedly Owed to a Retailer
Tech In Africa -
Egypt’s 3C Coding School Raises $3M Seed, Sets Sights on Riyadh
3C Coding School has closed a $3 million seed round led by MRG Economic Group, with investor Amr Saad and a group of angels joining. Two things get the money: a Saudi Arabia launch and an AI-powered personalised learning platform. Hossam Hosny and Ahmed Khallaf started the company in 2015, teaching coding, technology and AI […] The post Egypt’s 3C Coding School Raises $3M Seed, Sets Sights on Riyadh appeared first on Tech In Africa.
Tech In Africa -
Ghana’s Seevcash Picks Up $333K From Stellar, Adds a Visa Card
Tech In Africa -
👨🏿‍🚀TechCabal Daily – Tolaram secures $51m debt
TechCabal -