Naija News Feed
Technology
Shiba Inu Is Stuck Meanwhile, RCO Finance Is Blazing a New Path
Shiba Inu has had its moment in the spotlight, but its growth has slowed, leaving investors wondering if it can rise again. Meanwhile, a new contender, RCO Finance, is rewriting the script with AI-powered tools and real utility. While Shiba Inu struggles to reclaim past moves, RCOF is blazing ahead, offering smarter investing and real […] The post Shiba Inu Is Stuck Meanwhile, RCO Finance Is Blazing a New Path appeared first on Tekedia.
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Jim Cramer: “Trump Doesn’t Care About Investors” as Stocks Plunge Amid Sweeping Tariffs
The stock market suffered a sharp sell-off on Wednesday after President Donald Trump announced new tariffs ranging from 10% to 49% on imported goods from more than 180 countries and territories. The sweeping move sent shockwaves through Wall Street, with technology stocks, semiconductor firms, and major exporters bearing the brunt of investor fears. Veteran market […] The post Jim Cramer: “Trump Doesn’t Care About Investors” as Stocks Plunge Amid Sweeping Tariffs appeared first on Tekedia.
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CPPE Warns Against Solar Panel Import Ban, Citing Energy Crisis and Economic Risks
The Centre for the Promotion of Private Enterprise (CPPE) has warned the federal government against imposing a ban on the importation of solar panels, arguing that such a move could worsen Nigeria’s energy crisis, increase the cost of renewable energy, and deter investment in the sector. The warning follows a statement from the Minister of […] The post CPPE Warns Against Solar Panel Import Ban, Citing Energy Crisis and Economic Risks appeared first on Tekedia.
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Nigeria’s Net FX Reserves Reached $23.11 Billion in 2024 – Central Bank of Nigeria
On Tuesday, the Central Bank of Nigeria (CBN) announced that its net foreign exchange reserves (NFER) had risen to $23.11 billion in 2024, marking the highest level of foreign exchange accretion in three years. This figure represents a substantial increase from $3.99 billion in 2023, $8.19 billion in 2022, and $14.59 billion in 2021. Concurrently, […] The post Nigeria’s Net FX Reserves Reached $23.11 Billion in 2024 – Central Bank of Nigeria appeared first on Tekedia.
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U.S. Dollars Might Lose Position as World Reserve Currency to Bitcoin Says Larry Fink
BlackRock CEO Larry Fink has cautioned that the U.S. dollar’s long-standing position as the world’s reserve currency is at risk of being overtaken by Bitcoin, primarily due to the escalating U.S. national debt. In his annual letter to investors dated March 31, 2025, Fink highlighted that the U.S. has enjoyed decades of economic advantage from […] The post U.S. Dollars Might Lose Position as World Reserve Currency to Bitcoin Says Larry Fink appeared first on Tekedia.
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Evolutionary Trends of Hybrid Computation in AI
Hybrid computation is redefining how artificial intelligence is integrated into the intricate world of integrated circuit (IC) design. By fusing traditional computation methods with advanced machine learning algorithms, chipmakers are achieving new levels of efficiency, accuracy, and performance. From revolutionizing data transfer to minimizing power draw, hybrid computation allows for the dynamic optimization of layouts […] The post Evolutionary Trends of Hybrid Computation in AI appeared first on Tekedia.
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X2Y2 Shutdown Carries Significant Implications for the NFT Ecosystem
The NFT marketplace X2Y2 is indeed scheduled to shut down its operations on April 30, 2025, marking the end of a three-year run that saw it briefly rank as the second-largest NFT platform behind OpenSea, with a cumulative trading volume of $5.6 billion. The decision, announced on March 31, 2025, by its pseudonymous founder TP, […] The post X2Y2 Shutdown Carries Significant Implications for the NFT Ecosystem appeared first on Tekedia.
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My Obsession with Forbes Billionaire List
Even as a Scripture Union kid, I do not know why I am obsessed with the Forbes Billionaire list. The day I told our chair, Prof Ed, at Carnegie Mellon University (he’s now the dean of my alma mater, Johns Hopkins University) that I was going to leave, my mind was on this list. Prof […] The post My Obsession with Forbes Billionaire List appeared first on Tekedia.
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Digital Payments Platform Zelle Shuts Down Standalone App
Zelle, a digital payments service that allows users in the United States to send and receive money quickly and securely between bank accounts, has announced plans to shut down its standalone app. According to a company blog post, Zelle announced that it will phase out transactions on its standalone app over the next few months. […] The post Digital Payments Platform Zelle Shuts Down Standalone App appeared first on Tekedia.
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Exploring U.S. Tariffs Ripple Effects on Bitcoin
Donald Trump’s tariff threats have introduced significant uncertainty into financial markets, including the buoyant Bitcoin price, which has been riding a wave of optimism in recent months. Bitcoin, often viewed as a barometer for risk appetite in the crypto space, has shown resilience but is not immune to the broader economic ripples caused by Trump’s […] The post Exploring U.S. Tariffs Ripple Effects on Bitcoin appeared first on Tekedia.
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Togolese developer, Martino Yovo, wants to pull down language barriers for francophone techies
As far back as 2018, Yovo was a French-speaking teen wading through language barriers to learn programming Now a senior product engineer at Esri, the world’s leading developer of geographic information system software, Yovo is giving back through a platform democratising tech education for Francophone Africa.
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Implications of Germany Seeking Stronger Ties with Canada amid U.S. Tariff Pressures
Germany has expressed interest in strengthening ties with Canada as a response to the escalating trade tensions caused by U.S. tariffs, which German Vice Chancellor Robert Habeck has described as “madness.” This sentiment emerged prominently during Habeck’s visit to the Hannover Messe trade fair in 2025, where Canada was featured as the partner country. At […] The post Implications of Germany Seeking Stronger Ties with Canada amid U.S. Tariff Pressures appeared first on Tekedia.
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Tesla Poised For Tough Q1 Report Amidst Plethora of Challenges
Tesla, an American manufacturer of electric vehicles is facing a challenging start for 2025, as the EV giant is poised for a tough first quarter, as it prepares to release its Q1 report. The company is currently confronting a plethora of challenges which include plunging demand in Europe, reflecting both operational and market difficulties, rising […] The post Tesla Poised For Tough Q1 Report Amidst Plethora of Challenges appeared first on Tekedia.
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[You’re Invited] The Abundance in Nations – April 5, 2025
Pythagoras postulated that the universe is numbers. And across human history, we have been trying to understand the numbers which make up the universe. When you understand the numbers, you understand the “universe” in what you do. Join Tekedia Capital on Saturday for another edition of Tekedia Capital OPEN on a topic titled “The Abundance […] The post [You’re Invited] The Abundance in Nations – April 5, 2025 appeared first on Tekedia.
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Tinubu Overhauls NNPC Limited Board, Appoints New Leadership to Drive Ambitious Oil and Gas Goals
In a decisive move, President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, effective immediately, replacing Chairman Chief Pius Akinyelure, Group Chief Executive Officer Mallam Mele Kolo Kyari, and all other board members appointed in November 2023. The announcement, made by Bayo Onanuga, Special Adviser to […] The post Tinubu Overhauls NNPC Limited Board, Appoints New Leadership to Drive Ambitious Oil and Gas Goals appeared first on Tekedia.
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Cybersecurity lessons of the Adolescence series on Netflix
The new Netflix series Adolescence quickly sparked a wave of conversations about teenage mental health and digital safety. The chilling four-part narrative follows a 13-year-old boy who, after months of cyberbullying and immersion in toxic online communities, comes under investigation for allegedly murdering a schoolmate. The narrative delves into themes such as youth violence, bullying, […]
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Standard Bank Hosts Third Annual UniHack: Fostering Innovation and IT Skills Development
Standard Bank, Africa’s largest technology shop, employing over 5000 IT specialists, is proud to announce the third annual UniHack event, set to take place in Cape Town on April 2nd and 3rd, 2025. Building on the success of the inaugural event in 2023 and the second iteration in 2024, this year’s UniHack promises to be […]
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Cybersecurity in South Africa: A Practical Guide to Selecting the Right MSSP
Cybersecurity has become a critical priority for organisations of all sizes. With cyber threats becoming increasingly sophisticated and IT ecosystems more complex, businesses are turning to Managed Security Service Providers (MSSPs) for expert protection. However, selecting the right MSSP is no small feat. To navigate this crucial decision, businesses must understand how to evaluate providers […]
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Newsmax Shares Skyrocket Over 700% in IPO Frenzy, but Concerns Linger It Will Suffer Truth Social’s Fate
Shares of Newsmax, the conservative cable television channel, experienced a dramatic surge in early trading on Tuesday, climbing more than 100% just a day after an already explosive debut on the New York Stock Exchange. The stock, which closed at $83.51 per share on Monday after spiking over 700% from its opening price of $14, […] The post Newsmax Shares Skyrocket Over 700% in IPO Frenzy, but Concerns Linger It Will Suffer Truth Social’s Fate appeared first on Tekedia.
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Flutterwave Expands Send App to Ghana, Enabling Seamless International Remittances
Flutterwave, Africa’s leading payments technology company, is thrilled to announce the official launch of Send App in Ghana. This milestone marks a significant step towards seamless and secure international remittances, allowing users to receive money from abroad directly into their bank accounts or mobile money wallets (MTN Mobile Money, Telecel Cash, and AirtelTigo Money). With […]
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Nigeria Secures $500m Loan From World Bank to Address Economic Hardship Amid Rising Public Debt Concern
Nigeria has secured a $500 million loan from the World Bank to fund its Community Action for Resilience and Economic Stimulus Program, a targeted effort to address escalating economic woes and support the nation’s most vulnerable. Approved on March 28, 2025, the loan aims to provide relief to households and small businesses reeling from inflation, […] The post Nigeria Secures $500m Loan From World Bank to Address Economic Hardship Amid Rising Public Debt Concern appeared first on Tekedia.
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The Rise of Digital Guarantees: How Blockchain is Transforming Trade Finance
Across industries, there is a growing move away from paper-based processes and toward the adoption of blockchain and Distributed Ledger Technology (DLT), due to their ability to enhance security, streamline operations, and improve transparency. In the financial services sector, and especially within the trade finance space, this transition is particularly impactful when it comes to […]
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Cryptocurrencies in Hexabet: A Smooth Way to Deposit and Withdraw Winnings
For many players, dealing with traditional banking methods in online casinos can often feel outdated and limiting. Hexabet has embraced the future by fully integrating cryptocurrencies into its platform. Whether you are new to digital currencies or an experienced user, the process of managing your funds at Hexabet is designed to be straightforward and secure. […] The post Cryptocurrencies in Hexabet: A Smooth Way to Deposit and Withdraw Winnings appeared first on Tekedia.
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Online Casinos: Digital Gaming Worlds with Unbeatable Advantages
Online casinos have fundamentally transformed the digital entertainment industry, opening up entirely new dimensions of the gaming experience. Advanced technological developments enable unprecedented diversity and accessibility of gambling, increasingly challenging traditional casinos. The combination of innovative gaming concepts, attractive bonus offers, and the ability to play around the clock from anywhere makes online casinos an […] The post Online Casinos: Digital Gaming Worlds with Unbeatable Advantages appeared first on Tekedia.
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U.S. Treasury Department to Disclose Its Bitcoin Holdings on 5th April
The U.S. Treasury Department, along with other federal agencies, is expected to disclose its Bitcoin and cryptocurrency holdings on April 5, 2025, following a directive from President Donald Trump. This announcement will also clarify the government’s stance on whether XRP, Solana (SOL), and Cardano (ADA) will be included in a national digital asset reserve. The […] The post U.S. Treasury Department to Disclose Its Bitcoin Holdings on 5th April appeared first on Tekedia.
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Rexas Finance (RXS): All You Need To Know About The Crypto Tipped To Replace Cardano, Including Price Predictions
The evolution of blockchain technology has investors looking for new cryptocurrencies that could potentially overhaul the market. Cardano (ADA) has cemented itself as a top blockchain project; however, Rexas Finance (RXS) is looking to surpass ADA’s adoption and utility. Rexas Finance’s advanced tokenization, comprehensive DeFi ecosystem, and overperforming presale set the stage for the platform […] The post Rexas Finance (RXS): All You Need To Know About The Crypto Tipped To Replace Cardano, Including Price Predictions appeared first on Tekedia.
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Germany Demands Russia Accepts Ceasefire Without Preconditions
German Foreign Minister Annalena Baerbock demanded that Russia accept a ceasefire in Ukraine without preconditions during a visit to Kyiv. Speaking alongside Ukrainian Foreign Minister Andrii Sybiha, Baerbock emphasized that Ukraine has demonstrated its willingness to agree to an unconditional ceasefire, urging Russia to follow suit. She accused Russian President Vladimir Putin of feigning interest […] The post Germany Demands Russia Accepts Ceasefire Without Preconditions appeared first on Tekedia.
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Kenya’s Chpter spins off Pluto, a WhatsApp AI suite, as subsidiary
Chpter, a Kenyan social commerce start-up, has spun off Pluto, a WhatsApp API suite designed to help businesses automate customer interactions and process transactions.
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Meta Hypernova Smart Glasses: Premium AR Wearable with Built-In Display
Meta Hypernova Smart Glasses: Premium AR Wearable with Built-In Display Meta is reportedly working on a premium version of its Ray-Ban Meta smart glasses that will feature a… TechCity
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Microsoft Updates the Blue Screen of Death (BSOD) in Windows 11
Microsoft Updates the Blue Screen of Death (BSOD) in Windows 11 Microsoft is redesigning the Blue Screen of Death (BSOD) error message in Windows 11, introducing a simplified, streamlined… TechCity
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Alibaba Prepares to Launch Qwen 3 as Domestic and Global AI Race Heats Up
Alibaba Group is preparing to launch Qwen 3, the next iteration of its flagship AI model, as early as this month, according to a Bloomberg report citing sources familiar with the matter. While the exact timing remains fluid, the move underscores Alibaba’s determination to keep pace in the intensifying AI race, both within China and […] The post Alibaba Prepares to Launch Qwen 3 as Domestic and Global AI Race Heats Up appeared first on Tekedia.
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Nigeria Sovereign Investment Authority Posts Record N1.86tn Profit for 2024, Expands Infrastructure Investments Amid Pressures for Greater Returns
The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking profit of N1.86 trillion for the 2024 fiscal year, marking another milestone in its financial performance. This represents a significant rise from the N1.17 trillion recorded in 2023, driven by a combination of strong returns from its diversified investment portfolio, gains from infrastructure projects, foreign […] The post Nigeria Sovereign Investment Authority Posts Record N1.86tn Profit for 2024, Expands Infrastructure Investments Amid Pressures for Greater Returns appeared first on Tekedia.
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Jensen Huang and Michael Dell Fall Out of the $100 Billion Club as AI Stock Rout and Trump’s Tariffs Erode Wealth
Jensen Huang and Michael Dell are no longer part of the exclusive $100 billion club, as a brutal first quarter for global markets erased billions from their fortunes. At the start of the year, 16 individuals had net worths exceeding $100 billion, but that number has now shrunk to 13, as an aggressive sell-off in […] The post Jensen Huang and Michael Dell Fall Out of the $100 Billion Club as AI Stock Rout and Trump’s Tariffs Erode Wealth appeared first on Tekedia.
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Easybet: The Ultimate Online Betting Experience
Easybet is your trusted destination for online betting, offering a wide range of sports markets, casino games, and live dealer experiences. Known for its user-friendly platform, secure environment, and rewarding promotions, https://easybet-za.co.za/ caters to both new and experienced players. Whether you’re a sports enthusiast or a fan of casino games, Easybet promises an engaging and […]
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Absa joins Middle East-Africa investment push with Dubai expansion 
The move shows the growing competition among South African banks to benefit from increasing trade and investment between the Gulf region and Africa.
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DAZN secures exclusive rights to stream Nigeria’s Dambe sport
It marks a major step in the globalisation of the Dambe, a combat sport that traces its roots to West African warrior traditions.
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