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.

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

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.

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.

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.

Nigerian Fintech Infrastructure Is Shaping the Future of Global Payments For years, global tech companies treated Africa as a market for expansion. Now, many investors and founders are… TechCity

This week, the Finance Bill 2026 was published, and almost immediately, questions began emerging from the public.

In West Pokot County, 12 women and three men died after rocks came crashing down at Romo Hills in Kasei.

That clip of him calling out the audience to order went viral, attracting immense commentary locally and globally.

Climate negotiations routinely expose a painful imbalance: Africa contributes the least to global emissions, yet suffers some of the worst consequences.

Every major world power wants a summit with Africa. By a casual count, there are at least 12 such summits.

Mitoma suffered a hamstring injury during Brighton's 3-0 win over Wolves last weekend.

Iran has largely blocked shipping through the vital strait since the outbreak of war with the United States and Israel on February 28.

The commission said the appointment followed a rigorous selection exercise conducted in line with applicable recruitment laws and procedures.

Arteta's men are two points ahead of second-placed Manchester City with two games to go after a controversial VAR call ruled out a late West Ham equaliser against Arsenal last weekend.

Without a win in their last seven Premier League games, Chelsea are languishing in ninth place with virtually no chance of qualifying for next season's Champions League.

The protesters are demanding the release of the elders and the halting of construction of a multi-agency security camp until the dispute is resolved.

The Canadian-African fintech shut down on April 30, 2026 — not because the product failed, but because the world never quite found it. When a freelancer in Lagos gets paid by a client in New York, the money rarely moves simply. It crosses currency rails, compliance checkpoints, and multiple intermediaries before it lands. Chimoney was […] The post Chimoney Had the Licences, the Product, and the Team. It Didn’t Have Enough People Who Knew About It appeared first on Tech In Africa.

In its latest pricing review announced on Thursday, EPRA indicated that the cost of Super Petrol and Diesel has gone up by Ksh.16.65 and Ksh.46.29 per litre respectively, while the price of Kerosene remains unchanged.

Gachagua noted that a united Opposition will be key in ousting President William Ruto. He also cautioned Sifuna against traversing the country using choppers, claiming that the government may go to extreme lengths in silencing dissenting voices.

Cyrus Oigoro Miencha allegedly altered his KCSE results from a mean grade of C- (minus) to C+ (plus) before using the certificate to gain admission to Kisii University, where he pursued a Bachelor of Commerce degree.