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Adeleke dominates early attention in Osun governorship race

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Osun local government

Public attention in the early days of campaigning for the 2026 Osun governorship election appears to be heavily centred on the incumbent governor, Ademola Adeleke, according to our analysis of online search activity between 11 March and 31 March.

The data, which tracks how frequently the names of leading contenders were searched online after the official start of campaigning on 11 March, shows a striking imbalance among the three prominent figures widely discussed as major contenders in the race.

During the three-week period, Adeleke overwhelmingly dominated public curiosity online, while the names of Najeem Salaam and Bola Oyebamiji appeared only rarely or not at all in measurable volumes.

The figures suggest that the early narrative of the campaign has been shaped largely around the incumbent governor.

For the first six days after campaigning officially opened, however, the data shows little measurable activity around any of the candidates. Between 11 March and 16 March, searches for the names of all three politicians registered at negligible levels, indicating that the campaign had yet to generate widespread public attention.

That changed dramatically on 17 March, when searches related to Adeleke surged to their highest level during the period examined. The sudden spike stands out as the single biggest moment of public interest during the first three weeks of campaigning.

Although the data does not indicate the precise cause, such surges in attention are often linked to major political developments, such as campaign rallies, media appearances or controversies that dominate the news cycle.

After the peak on 17 March, interest in Adeleke settled into a steadier pattern for the rest of the month. Searches connected to the governor remained consistently visible from 18 March onwards, fluctuating at moderate levels but rarely dropping out of public view entirely.

Several smaller increases were recorded during the final week of March, including noticeable activity on 24 March and again on 28 March, suggesting that discussion around the governor’s campaign continued to circulate in the public sphere.

In contrast, the other two contenders attracted far less attention online during the same period.

Najeem Salaam, a former speaker of the Osun state house of assembly, registered measurable activity only once in the data, on 24 March. On that day, the level of searches associated with his name briefly rose to a point comparable with the governor’s daily baseline interest.

The moment proved short-lived. Outside that single day, searches for Salaam’s name remained too limited to register significant activity.

For Bola Oyebamiji, who previously served as Osun’s commissioner for finance, the data recorded no measurable search interest throughout the entire period from 11 March to the end of the month.

This does not necessarily mean that no one searched for his name. Rather, it suggests that the volume of searches was too low to register alongside the other figures in the race during this early stage of campaigning.

Political analysts often note that online attention can offer a glimpse into what issues or personalities are dominating public discussion at a given moment. A sudden spike may indicate a news event that captures widespread curiosity, while steady levels of attention can suggest sustained public engagement with a political figure.

Yet online search behaviour does not necessarily translate directly into electoral support. People search for politicians to read policy announcements, follow campaign developments, or simply understand the background to a news story.

As a result, high levels of attention may reflect scrutiny as much as approval.

Nevertheless, the data indicate the extent to which Adeleke has so far occupied the centre of early campaign discourse. His prominence in online searches suggests that his actions and statements have been driving much of the conversation surrounding the forthcoming election.

For his rivals, the challenge may be to break through that dominance and draw greater public attention to their own campaigns.

The early phase of a political contest often sets the tone for the months that follow. Campaign launches, alliances and high-profile events can rapidly reshape the landscape of public interest.

With several months remaining before the Osun governorship election, the balance of attention may yet shift as candidates intensify their campaigns and voters begin to engage more closely with the choices before them.

The Mama Udeme’s Market: In Academic Theatres at Tekedia Mini-MBA

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Mama Udeme: “Oga, buy from my market.”

Buyer: “How much is your corn?”

Mama Udeme: “200 naira.”

In that simple exchange lies a profound philosophical construct in the Igbo worldview; the fusion of product and market. To Mama Udeme, her product is her market. Her corn is not just an item for sale; it is an economy, a platform, a universe of value. In her framing, “market” and “product” are not separate; they are one.

Among the Igbos, the market transcends a physical location. It is an existential metaphor. We say, “uwa b? ah?a”,  the world is a marketplace. Literally, it speaks of buying and selling. But philosophically, it speaks of life itself.

A market where we arrive,

transact our existence,

and depart.

Like Oriendu Ovim, like Eke Amiyi

the open gates open at dawn,

voices rise in exchange,

and by dusk, silence returns.

Markets open.

Markets close.

Life begins.

Life ends.

Our ancestors encoded deep truths in the symbols people understood; they used trade, exchange, and markets to pass messages. Aros like Arochukwu were great merchants, diplomats, and system architects, and they built networks across regions, exporting systems of commerce and enterprise. They understood something fundamental: everywhere is a market, and everything can become a market if properly structured.

Long before platforms and ecosystems like Polymarket, NASDAQ, or NGX emerged, the Igbo had already conceptualized the foundational ideas of markets, where events, value, and exchange converge. In that worldview, everything could be framed as a tradable construct, reflecting an early understanding that life itself is organized through systems of exchange, what we now recognize as the essence of capital markets.

At its core, the world runs on market systems, from power to prosperity, from governance to geopolitics. Today, platforms like prediction markets are built on this same logic: that every event can be priced, modeled, and traded as a market of probabilities.

So when Mama Udeme calls her corn a “market,” she is not mistaken. Under a simple logical construct:

If product = market

And market = world

Then product = world

Her corn is her world.

And if your product is your world, you do not treat it casually. You refine it. You improve it. You protect it. You innovate because innovation sustains your world. You differentiate because your survival depends on it. You keep moving because stagnation is extinction.

That is the message for entrepreneurs:

Whatever you sell is your world.

Build it.

Refine it.

Elevate it.

Beginning June 8 at Tekedia Mini-MBA, I will open our academic sessions by exploring how entrepreneurs and business owners, from Mama Udeme to global category-defining companies, build, nurture, and transform their “markets” through innovation and execution.

Reserve your seat.

Treasury Yields Ease as Iran War Clouds Fed Path and Fuels Inflation Risks

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U.S. Treasury yields edged lower early Tuesday as investors recalibrated expectations for Federal Reserve policy in a market increasingly dominated by the economic fallout from the Iran war.

Surging oil prices have been complicating the inflation outlook and darkening growth prospects.

At around 4:37 a.m. ET, the benchmark 10-year yield slipped to 4.321 per cent, down 2 basis points, while the policy-sensitive two-year yield and the 30-year bond yield also declined modestly. The moves reflect a cautious shift in positioning as investors weigh conflicting signals: persistent inflation pressure from energy prices against rising risks of an economic slowdown.

SYMBOL COMPANY YIELD CHANGE
US10Y U.S. 10 Year Treasury 4.313% -0.029
US1M U.S. 1 Month Treasury 3.698% +0.007
US1Y U.S. 1 Year Treasury 3.677% -0.038
US2Y U.S. 2 Year Treasury 3.787% -0.041
US30Y U.S. 30 Year Treasury 4.89% -0.016
US3M U.S. 3 Month Treasury 3.689% -0.008
US6M U.S. 6 Month Treasury 3.712% -0.022

The backdrop is a market struggling to price a war-driven shock.

The conflict involving Iran has tightened global energy supply routes, with the Strait of Hormuz, one of the world’s most critical oil transit corridors, effectively constrained for weeks. The disruption has driven crude prices sharply higher, feeding directly into fuel costs and rekindling inflation concerns at a time when central banks had been hoping to consolidate recent gains on price stability.

That tension is now evident in rate expectations as money markets are increasingly aligned around the view that the Federal Reserve will hold rates steady for the rest of the year, a marked shift from earlier expectations of gradual easing. Futures pricing has even flirted with the possibility of further tightening into 2026, underscoring how quickly the inflation narrative has shifted in response to the energy shock.

Yet policymakers are signaling restraint. Federal Reserve Chair Jerome Powell said Monday that longer-term inflation expectations remain “well anchored,” suggesting the central bank is not yet inclined to respond to higher oil prices with immediate rate hikes. The message points to a wait-and-see approach, with officials wary of tightening policy into what could become a war-induced slowdown.

That balancing act is becoming more difficult as the real economy begins to feel the strain. In the United States, gasoline prices have surged past an average of $4 per gallon for the first time since 2022, according to AAA data, marking a sharp increase from pre-war levels. The rise reflects the pass-through from crude markets, where supply disruptions and geopolitical risk premiums have pushed prices sharply higher.

Fuel costs are one of the most visible and frequent expenses, and sustained increases tend to ripple quickly through consumer behavior. As more income is diverted toward essentials such as gasoline, discretionary spending typically comes under pressure, a dynamic that could weigh on broader economic growth in the months ahead.

The inflationary effects extend beyond the pump as higher transportation and logistics costs are already feeding into the price of goods and services. Groceries are expected to be among the first categories affected, given their reliance on frequent restocking and distribution. Over time, elevated energy costs can also push up utility bills, manufacturing inputs, and retail prices, reinforcing the risk of a renewed inflation cycle.

This is where the war’s economic impact becomes more complex. Rising oil prices argue for a tighter monetary policy to contain inflation. The same shock threatens to slow growth by eroding consumer purchasing power and increasing costs for businesses. The result is a classic policy dilemma, with central banks forced to navigate between inflation control and recession risk.

Financial markets are beginning to reflect that uncertainty. Equities have shown signs of strain, while bond markets are oscillating between inflation fears and safe-haven demand. The modest decline in Treasury yields on Tuesday suggests that, for now, investors are leaning toward the latter, seeking safety amid geopolitical volatility.

At the same time, geopolitical signals are stoking the unpredictability. According to reports, Donald Trump has indicated a willingness to halt U.S. military action against Iran even if key shipping routes remain disrupted, while Secretary of State Marco Rubio said Washington’s objectives in the conflict could be achieved within weeks.

Such signals may offer some hope of de-escalation, but markets remain cautious. As long as energy supply risks persist, oil prices are likely to remain elevated, keeping inflation concerns firmly in focus.

Attention will also turn to incoming economic data, including the February Job Openings and Labor Turnover Survey (JOLTS), which could offer further clues on labor market resilience — a key variable in the Federal Reserve’s policy calculus.

For now, the direction of Treasury yields and broader financial markets is being set less by domestic data and more by developments in the Gulf.

The longer the conflict drags on, the clearer it becomes that the Iran war is no longer just a geopolitical crisis. It is a macroeconomic shock with global consequences, reshaping inflation expectations, monetary policy trajectories, and consumer behavior in real time.

Square Automatically Enables Bitcoin Payments for Eligible U.S Sellers 

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Square part of Block, Inc., led by Jack Dorsey has started automatically enabling Bitcoin payments for eligible U.S. sellers—no opt-in required.

Sellers receive the USD equivalent by default; instant conversion at checkout via the Lightning Network, so they avoid volatility while still accepting BTC. They can choose to hold some or all in Bitcoin if they want, and there’s zero processing fees through 2026 (1% starts in 2027 for BTC payments).

Settlement is near-instant, with no chargebacks. This is a big deal for everyday Bitcoin use because:It puts BTC acceptance in front of millions of small businesses; estimates around 4 million U.S. merchants that already use Square’s point-of-sale hardware and apps. Customers can now pay with Bitcoin as easily as a card or phone—without the seller needing to be a crypto expert.

It lowers the friction barrier dramatically. Merchants don’t have to seek out or configure crypto; it’s just there as another payment option. Over time, as more people see Pay with Bitcoin at checkout and actually use it especially with Lightning’s speed and low cost, it normalizes BTC as a medium of exchange, not just a store of value or speculative asset.

This mirrors how new technologies spread: start with opt-in for enthusiasts, then make it the default for the masses so infrastructure builds around real usage. Square’s integration with Cash App also under Block creates a nice closed loop on both the merchant and consumer sides.

It’s not Bitcoin everywhere overnight—eligibility has limits excluding New York initially, focused on physical hardware, and most transactions will still convert to USD. But it’s a practical, scalable step toward Bitcoin functioning as everyday money in the real economy. The network effects from widespread merchant availability could accelerate adoption more than many expect.

This rollout has been in the works since announcements in 2025, and it’s rolling out now. Jack Dorsey’s Bitcoin vision is straightforward and consistent: Bitcoin should fulfill its original design as peer-to-peer electronic cash—everyday money for daily transactions, not just a speculative store of value or digital gold.

He frequently quotes Satoshi Nakamoto’s whitepaper title and intent, arguing that if Bitcoin doesn’t become usable for routine payments like coffee, rent, sending money to friends, merchant sales, it risks becoming irrelevant over time. In his words: “We want Bitcoin to become p2p electronic cash and everyday money, as it was designed to be.”

He has also said Bitcoin fails if it stays only as a store of value without real everyday use cases. Bitcoin must enable seamless, low-cost, instant transfers at scale. This is why Block (Square + Cash App) focuses on Lightning Network integration for near-instant, cheap transactions.

Open protocol over closed systems: Dorsey sees Bitcoin as the native currency of the internet—an open, decentralized alternative to Visa/Mastercard rails. It levels the playing field and reduces reliance on traditional financial gatekeepers. Long-term global single currency potential: He has predicted that the world (and especially the internet) will converge on one currency, and he personally believes it will be Bitcoin. This isn’t imminent, but it’s the direction.

Bitcoin empowers people everywhere by giving them control over their money, independent of banks or governments. Block builds tools like Bitkey for self-custody hardware wallet, Cash App for easy on-ramps and Lightning support, and Proto for Bitcoin mining to support the full stack: custody, payments, and even mining decentralization.

Merchant adoption as the catalyst: Making it dead simple for businesses to accept Bitcoin without volatility risk or extra work. This is exactly what’s happening now with Square automatically enabling BTC payments for eligible U.S. sellers—defaulting to USD settlement, zero fees through 2026, Lightning-powered speed, and no chargebacks.

It’s a deliberate step to normalize Pay with Bitcoin at millions of small businesses, turning enthusiasts’ opt-in into mass default infrastructure. Dorsey and Block emphasize that this rollout is “how Bitcoin as everyday money begins.” They encourage sellers to not just accept BTC but consider holding some to hedge against dollar debasement.

The company has been clear: they’re betting big on Bitcoin as the open network for moving money globally. Block isn’t just talking—they’ve integrated Bitcoin across products: Square: Auto-enabled BTC acceptance at POS for millions of U.S. merchants. Cash App: Millions of users buying, holding, and sending BTC.

Other bets: include open-source contributions via Spiral, hardware self-custody, and mining infrastructure. He acknowledges challenges but frames them as solvable through building better tools rather than compromising on Bitcoin’s core properties. Dorsey has long distinguished Bitcoin from the broader crypto space—he sees most altcoins as distractions from Bitcoin’s unique strengths.

In short, his vision isn’t hype about moonshots or NFTs; it’s pragmatic and patient: make Bitcoin functional as money in the real world, starting with frictionless merchant payments and consumer ease. The current Square rollout is a concrete manifestation of that—lowering barriers so Bitcoin can spread organically through everyday commerce.

$1m Per Day: Why OpenAI Pulled Plug on Sora Ahead of IPO

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When OpenAI quietly signaled last week that it was “saying goodbye” to its video-generation app Sora, the brevity of the announcement masked a deeper reality: one of the most hyped products in generative AI had become too expensive to sustain.

Behind the decision lies a hard constraint now shaping the industry — compute. Running Sora, by multiple estimates, was costing the ChatGPT maker close to $1 million a day, a figure that appears to have tipped the internal balance against the product as the company sharpens its focus ahead of a potential public listing.

Unlike text-based systems such as ChatGPT, video generation operates at the extreme end of compute intensity. Each prompt requires the model to generate sequences of frames, maintain temporal consistency, simulate motion physics, and, in many cases, synchronize audio. The result is an exponential increase in GPU usage per query.

At scale, that becomes unsustainable.

Sora’s early trajectory suggested a breakout success. Within weeks of its September debut, it climbed to the top of app store rankings, amassing millions of downloads and dominating online discourse. Yet the initial surge proved difficult to maintain. By early 2026, download momentum had slowed sharply, even as the cost of serving each user session remained high.

That mismatch, declining marginal growth against persistently high operating costs, appears to have been decisive.

Internally, the calculation is increasingly about compute allocation efficiency. Every GPU cycle spent rendering video is a cycle not used to train or serve higher-margin products. For a company competing at the frontier of AI, where training next-generation models can cost billions of dollars, such trade-offs are no longer theoretical. They have become existential.

OpenAI’s subsequent exclamation points in that direction. The company said it would redirect the Sora team toward world simulation research, a domain tied to robotics and embodied AI. That shift underlines reprioritization: moving away from consumer-facing novelty applications toward foundational systems with clearer long-term commercial pathways.

The decision comes at a crucial time in the ChatGPT maker’s history. As OpenAI edges closer to a possible IPO, investors are likely to scrutinize not just growth metrics but cost discipline. High-burn, low-monetization products such as Sora complicate that narrative. In contrast, enterprise-facing tools, coding assistants, workflow agents, and API services offer more predictable revenue streams and better alignment with compute spending.

The company’s evolving product decisions reinforce that shift. Features such as instant checkout and more experimental consumer-facing modes have been scaled back, while development has intensified around integrated “superapp”-style functionality designed for workplace productivity.

In that sense, Sora’s shutdown is less an isolated move than part of a broader restructuring of priorities.

There is also a competitive layer. Rivals are increasingly focusing on enterprise deployment, where reliability, latency, and cost-per-query matter more than viral appeal. In that environment, a product that consumes vast compute resources without a commensurate revenue model becomes difficult to justify.

Sora faced pressure on another front as well: governance. Video generation tools sit at the middle of ongoing concerns around deepfakes, intellectual property, and misinformation. Efforts to impose safeguards tend to increase operational complexity and, in some cases, reduce user engagement — further weakening the business case.

The convergence of these factors left Sora exposed.

The underlying technology, however, is unlikely to disappear. By shifting resources into world simulation, OpenAI is effectively repositioning video generation as an enabling layer for robotics and physical AI systems rather than a standalone consumer product. Models capable of simulating environments, motion, and object interaction are critical to training machines that can operate in the real world.

That reframing suggests Sora’s demise is not about technical failure, but about economic prioritization.

The decision highlights a defining feature of the current AI cycle: compute has become the industry’s scarcest resource. Companies are now forced to make explicit choices about where to deploy it, often at the expense of high-profile products.

In Sora’s case, the conclusion appears to be that the cost of running the platform, at scale, and without a sufficiently strong revenue engine, became too high to justify, even for one of the best-funded players in the field.