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Cloudflare builds custom AI infrastructure to run massive language models faster and cheaper globally.

InfoQ • May 3, 2026

Cloudflare announced new infrastructure including a custom inference engine called Infire designed to run large language models (LLMs) more efficiently across its global network of servers.The company split AI processing into two separate stages handled… Read full article →

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Nigerian equities up 55% year-to-date; analysts flag five stocks for May 2026

Nairametrics • May 3, 2026

Nigeria's All-Share Index has gained 55.69% year-to-date by April 2026, already surpassing the full-year 51% return recorded in 2025, with market capitalisation reaching approximately N156 trillion.The Israel-Iran conflict that began February 28 has been the… Read full article →

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CBN's two-year bank recapitalization overhaul reshapes Nigeria's banking sector with stricter rules

Nairametrics • May 3, 2026

The CBN completed a 24-month recapitalization exercise requiring banks to hold N500 billion (international license) or N200 billion (national license) in paid-up capital, with over N2.3 trillion raised across the sector.The CBN has banned dividend… Read full article →

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Africa Re posts $199m net profit in 2025, up 51% on investment and underwriting gains

Business AM • May 3, 2026

Africa Re recorded gross written premium of $1.34 billion in 2025, a 10.18% increase year-on-year, driven by stronger renewal rates, facultative business growth, and rising demand in property, motor, life, and specialty risk segments.Net profit… Read full article →

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Zenith Bank posts N360.9bn pre-tax profit in Q1 2026, stock up 108% year-to-date

Business AM • May 2, 2026

Zenith Bank recorded N360.92 billion pre-tax profit for Q1 2026, a 2.87% year-on-year increase, with gross revenue crossing N1 trillion for the first time in a single quarter.Net fee and commission income surged 44.53% to… Read full article →

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Analyst warns Bitcoin could fall 38% to $50,000 as bear flag pattern tightens

Bitcoin.com News • May 3, 2026

Gareth Soloway, chief market strategist at Verified Investing, told The David Lin Report that Bitcoin is forming a bear flag between $80,000 and $85,000, a technical pattern that historically resolves downward with his next target… Read full article →

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Nigeria targets $1.9bn data centre market by 2031 as 90% of its data sits offshore

BusinessDay Nigeria — Technology • May 3, 2026

Over 90% of Nigeria's data is currently hosted on foreign servers, creating sovereignty, security, and economic risks that regulators and industry leaders are now urgently flagging.NITDA's director-general outlined a multi-pronged strategy including the Nigerian Sovereign… Read full article →

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NiRA wants .ng domains mandatory for Nigerian businesses via CAC registration reform

BusinessDay Nigeria — Technology • May 3, 2026

Nigeria Internet Registration Association (NiRA) is pushing for policy reforms to make the .ng country domain the default digital identity for all Nigerian businesses, with proposals to integrate .ng registration into the Corporate Affairs Commission… Read full article →

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OPEC+ raises oil output quotas for June but UAE exit and Hormuz blockade limit real impact

The Punch (Business) • May 3, 2026

Saudi Arabia, Russia, and five other OPEC+ members agreed to add 188,000 barrels per day to production quotas for June 2026, following the UAE's shock withdrawal from the cartel on Friday.The Strait of Hormuz blockade… Read full article →

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CBN plans to raise N700 billion via Treasury Bills auction on May 7, 2026.

Nairametrics • May 3, 2026

The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), will offer N700 billion in Nigerian Treasury Bills (NTBs) on May 7, 2026. The first of two planned auctions for… Read full article →

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TotalEnergies Nigeria posts N1.9bn Q1 profit despite lower revenue, driven by cost cuts

Nairametrics • May 2, 2026

TotalEnergies Marketing Nigeria Plc reported a pretax profit of N1.9 billion in Q1 2026, a 70.58% jump from N1.1 billion in Q1 2025, even as revenue fell from N221.6 billion to N197.1 billion over the… Read full article →

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BlackRock's crypto ETFs earned $42 million in Q1 2026, just 1.7% of its total ETF fees

BitcoinKE • May 2, 2026

BlackRock, the world's largest asset manager with $5.48 trillion in ETF assets, reported that its digital asset ETFs generated $42 million in fees in Q1 2026. Only 1.7% of its total ETF fee income despite… Read full article →

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VFD Group posts N5.19bn profit in Q1 2026, up 26% year-on-year

The Punch (Business) • May 3, 2026

VFD Group Plc reported Q1 2026 profit before tax of N5.19bn, a 26% increase, with consolidated gross earnings rising 37% to N27.07bn.Standalone company profit before tax more than doubled, surging 102% to N2.11bn, reflecting improved… Read full article →

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Prediction markets hit $25.7B monthly volume as retail users trade daily, not just during elections

CoinDesk • May 2, 2026

Bitget Wallet and Polymarket released a joint report showing prediction markets are shifting from event-driven spikes to daily retail engagement, with Polymarket recording $25.7 billion in trading volume in March 2026 alone.Over 1.29 million wallets… Read full article →

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Nigeria's cyber agency warns of rising DDoS attacks targeting government and private sector systems

Nairametrics • May 2, 2026

Nigeria Computer Emergency Response Team (ngCERT) has issued an alert warning that sophisticated Distributed Denial-of-Service (DDoS) attacks; floods of internet traffic designed to knock systems offline are escalating against Nigerian organisations across both public and… Read full article →

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African airlines post 19.2% international travel surge in March, leading global growth

Nairametrics • May 2, 2026

IATA's March 2026 report shows African airlines recorded a 19.2% year-on-year rise in international passenger demand; the highest growth rate of any global region while global international traffic fell 0.6%, its first decline since March… Read full article →

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MTN Group appoints ex-Deloitte Africa CEO Lwazi Bam as Chief Risk Officer from June 2026

Techeconomy • Apr 25, 2026

MTN Group has named Lwazi Bam, former CEO of Deloitte Africa and Southern Africa, as its new Group Chief Risk Officer, effective 1 June 2026.Bam joins as MTN executes its Ambition 2030 strategy, targeting growth… Read full article →

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US study names dentists and cybersecurity consultants as top-paying gig workers in 2026

Techeconomy • Apr 25, 2026

GoTu, a US dental talent marketplace, published an April 2026 report ranking the 10 highest-paying gig economy jobs by hourly rate, annual income, and barrier to entry.Part-time dentists top the list at $88/hour (~$123K/year), followed… Read full article →

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Nigeria's FG pushes new digital economy bill to regulate AI and accelerate cloud adoption

Techeconomy • Apr 26, 2026

NITDA Director-General Kashifu Inuwa, representing Minister Bosun Tijani, announced at an Abuja stakeholder workshop that Nigeria is moving from AI policy design to active implementation of its national AI roadmap, including ethical guidelines and regulatory… Read full article →

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70 new unicorns minted globally in 2026, with AI startups leading at 17

Technext • Apr 26, 2026

BestBrokers analysed Crunchbase and PitchBook data to find 70 private companies reached $1B+ valuations globally in Q1 2026, with AI (17 unicorns) and healthtech (8) leading all sectors.The U.S. dominates with 886 of 1,727 total… Read full article →

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Nigerian strategist argues marketing teams must trace revenue to source, not just track dashboards

Techeconomy • Apr 25, 2026

Abubakar Taofik Oladimeji, a Nigeria-UK digital growth strategist, argues that most marketing teams optimise for vanity metrics like impressions and clicks rather than revenue causality. The ability to trace commercial outcomes back to specific platform… Read full article →

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China eyes Enugu for direct flights, smart city investment, and Chinatown district

Techeconomy • Apr 25, 2026

Chinese Consul General Yan Yuqing led a delegation of Chinese executives to Government House Enugu, praising Governor Peter Mbah's infrastructure and technology-focused investment strategy.Discussions are underway for direct Enugu-Guangzhou flights, a sister-city agreement with Chinese… Read full article →

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Bitget Wallet launches USD crypto card in South Africa with early bird USDC rewards

Disrupt Africa • Apr 25, 2026

Bitget Wallet opened pre-registration on 24 April for its Dollar Card in South Africa, closing 6 May, the first 500 applicants get a waived activation fee plus 2–200 USDC (worth up to ~R3,700) in randomised… Read full article →

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Nigeria targets 30% IPv6 adoption by 2030 as current rate sits at just 5%

Techeconomy • Apr 27, 2026

The Nigerian Communications Commission (NCC) has launched a National IPv6 Implementation Strategy, backed by IXPN CEO Muhammed Rudman, targeting 30% nationwide IPv6 adoption by 2030, with interim milestones of 20% government network compliance and 25%… Read full article →

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NRS calls out fake vehicle tax scam circulating online, warns Nigerians

Technext • Apr 27, 2026

The Nigeria Revenue Service (NRS) has debunked a viral infographic claiming the Federal Government introduced a new vehicle tax effective July 1, 2026, calling it false and misleading.The scam directed vehicle owners; private, commercial, and… Read full article →

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Nigerian Exchange ETFs post broad losses in week ended April 24, led by 40% crash

Nairametrics • Apr 27, 2026

All ETFs tracked on the Nigerian Exchange (NGX) closed in the red for the week ended April 24, 2026, with no fund recording gains during the period.SIAML Pension ETF 40 suffered the steepest fall down… Read full article →

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Critical Linux vulnerability gives attackers full root access across nearly all Linux systems

Ars Technica • Apr 30, 2026

Security firm Theori publicly released exploit code for CVE-2026-31431, nicknamed 'CopyFail', a severe Linux vulnerability that grants full administrator (root) access to attackers on virtually all Linux distributions, the disclosure came five weeks after privately… Read full article →

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GTCO shareholders approve ₦12.76 per share dividend totalling ₦429.83 billion for 2025

Investors King • May 1, 2026

Guaranty Trust Holding Company (GTCO) shareholders approved a total dividend of ₦12.76 per share for the 2025 financial year. Comprising a final dividend of ₦11.76 per share on top of an earlier interim payout at… Read full article →

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Nigerian oil firm Ingentia Energies targets 30,000 barrels per day by 2030 with local bank funding.

Business Post • Apr 30, 2026

Ingentia Energies Limited, a Nigerian indigenous upstream oil company, has announced plans to scale production to 30,000 barrels per day by 2030, up from a current target of 10,000 bpd, after securing debt financing from… Read full article →

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Flutterwave and Yuno let global merchants access African payments through one API

Innovation Village • Apr 30, 2026

Global payments orchestration platform Yuno has partnered with Nigerian fintech giant Flutterwave to give international merchants a single API connection to multiple African payment systems, covering cards, mobile money, and bank transfers.The partnership covers key… Read full article →

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