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Technext provides tech-focused stories about issues, people and events that are shaping the lives of Africans and influencing policies in Africa.
- 66articles · 30d
- 1+ day agolatest article
- Aug 17, 2026earliest in window
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- 351avg words
- Economy, Business & Finance 48
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News
Angry investors storm PXES offices in another major Ponzi scheme collapse
1+ week, 7+ hour ago (549+ words) Frustrated investors in PXES, an online investment platform, stormed the company’s office in Kabba, Kogi State, after losing access to their funds. Reports indicate that they removed office furniture and equipment in protest. The incident followed a similar confrontation at…...
SEC proposes tough new regulations for online forex and CFD trading, with N1m penalty per affected client
1+ week, 5+ day ago (365+ words) Nigeria’s Securities and Exchange Commission (SEC) has proposed new rules for online foreign exchange (forex) and Contracts for Difference (CFD) trading. These rules would require companies to obtain licences, meet certain capital requirements, and provide investor protections, aiming to bring…...
Eskom eyes data centres, Bitcoin mining as new revenue streams amid falling industrial demand
2+ week, 5+ hour ago (368+ words) South Africa’s state-owned power utility, Eskom, has reported a second consecutive year of profitability, with group profit after tax rising to R30.3 billion for the financial year ended 31 March 2026, up from a restated R14 billion the previous year, even as industrial electricity…...
Brydge and Monirates want to fix intra-African trade with zero-fee stablecoin wallets
2+ week, 5+ day ago (473+ words) TechNext.ng Brydge and Monirates want to fix intra-African trade with zero-fee stablecoin wallets Moving money across African borders has long been a logistical nightmare of fragmented banking rails, punitive exchange rates, and agonising settlement delays. Cryptocurrencies, specifically dollar-pegged stablecoins,…...
SEC’s huge ₦30m crypto fee could push Nigerian startups out of the market
3+ week, 5+ hour ago (878+ words) Nigeria’s Securities and Exchange Commission (SEC) is proposing tougher cryptocurrency requirements for companies operating in the country’s digital asset industry, including a ₦30 million registration fee and minimum capital requirements of up to ₦2 billion. The proposed rules are part of the…...
Monierate expands Rate Radar with Textile, Gate Exchange, MavaPay, Zobo and others
3+ week, 5+ day ago (260+ words) Monierate, the real-time exchange rate intelligence platform, has expanded its rate radar to include a new set of providers: Textile, Gate Exchange, Doux, MavaPay, Zobo, Vban, and Karsa, bringing its total coverage to over 90 sources across the African exchange market....
Inside Ridima's XRP partnership with XRPL Africa
3+ week, 6+ day ago (524+ words) XRPL Africa is a community of developers, entrepreneurs and builders working on the XRP Ledger across the continent. It describes itself as a hub for African Web3 builders using the ledger to solve real-world problems, and it runs regional community hubs,…...