Cbex bites the dust alongside some Nigerians money

Paystack's Aura stocks might be low but at least its wallet is safe

Apr 21, 2025

Today’s issue is brought to you by Gigawin

Gigawin is Africa’s first cryptocurrency-powered betting platform. Fully licensed under Curaçao gaming regulations, Gigawin leverages blockchain technology to deliver secure and seamless gaming experiences tailored to Africa’s emerging markets. Stay tuned to see how they are transforming digital gaming.

ICYMI, find the last edition here

Official News From Last Week

Nigeria has cut electricity subsidies by 35% after last year’s tariff hike for certain users, according to Power Minister Adebayo Adelabu, offering some relief to the country’s strained public finances.
CBEX, a digital asset trading platform operating without regulatory approval in Nigeria, collapsed on April 15, 2025, resulting in the loss of millions of investors' funds.
African startups raised a total of $460 million in the first quarter of the year with Nigeria and Kenya emerging as the top funding destinations for African startups.
The Nigerian House of Representatives has ordered Remita to refund N182.77 billion in transaction leakages from the Treasury Single Account (TSA) dating back to 2015.
Moniepoint Inc. has launched MonieWorld, a digital banking and remittance platform catering to the African diaspora's financial needs, starting with the UK-Nigeria corridor.
Opera has integrated its browser AI, Aria, into Opera Mini which provides access to AI-powered features like retrieving up-to-date web information, research assistance, and content summarization.

Remote Job Opportunities

Moniepoint is looking to hire a Backend Engineer (Java)
Goodgame Studios is looking to hire a Marketing Tech Specialist
M365Connect is looking to a Marketing Maverick
Clevertech is looking to hire a Client Services Analyst
Turing is looking to hire a Senior Software Developer
ESMSolutions is looking to hire Senior Fullstack Developer

As you know, this isn't your regular tech newsletter, so let's get into some of the most intriguing happenings on "tech Twitter" from the past week.

To view the full content of this newsletter, please click View More at the bottom of the email.

1… Its like we that didn’t hear about CBEX are not real hustlers oh

some people will gatekeep hell if they can

Well lets get a debrief

It has no affiliations with China or Beijing Exchange

Cbex’s agents must have worked overtime

They even had general meeting?

Some life savings down the drain

Might be poor money skills, might just be poorer pockets with a need to make it

or just greed

Opor, the clean conscience club

More updates on it… appaz it’s not up to ₦1 trillion

Image to show the withdrawal

To read more about it, tap on this link

You’ve built the product — now let’s help the world find it.

From low-converting sites to invisible search presence and ad burnouts — we get it. Introducing Edens Digital’s Launch & Scale Bundle — your full-stack marketing team. We craft your growth strategy, run your ads, design your content, set up your email marketing funnel, optimize SEO, design your website, and handle everything in between. Our strategy is Proven for SaaS, tech, and app-based startups. Get 40% OFF your first 60 days — limited spots available. Launch Or Scale Like a Pro — Claim Your Offer Now

2… Some tech bros shared how their first interview went

Nepa will bring everything (derogatory) to you except light when you need it

Please I am just an intern

Chai, how person wan continue after this lmaooo

Okay, this is interesting

2/3

Bet on yourself

3/3

3… Speaking of Job seekers, this is next level

Is this the reason they hate LinkedIn people too??

We learn everyday

See ehnn, e no mean like that now 😂😂😂

4… Someone should tell Paystack to continue doing well oh or risk getting tagged under the most random posts

Aura stocks has dropped lmao

5…This green passport ehnn

How do we even fix things like this?

6… Explain this joke to laymen now

Victoria Bros is a software engineering company that helps businesses build and enhance their software engineering processes and products. We are your expert partner for strategy, design, product management, software development and talent augmentation. With over 20 years of collective experience, our team has successfully delivered and scaled software solutions across multiple industries.

Schedule a free consultation today to see how they can support your business (Tell them NTBTS sent you! 😉).

7… The CEO of UAC foods had somethings to get off his chest